Legal Technology News: LawVu ReImagines In-House Legal Capabilities With Microsoft Azure OpenAI

Legal Technology News: LawVu ReImagines In-House Legal Capabilities With Microsoft Azure OpenAI
Legal Technology News: LawVu ReImagines In-House Legal Capabilities With Microsoft Azure OpenAI

LawVu is transforming how businesses interact with contracts with its new AI Assist feature, driving incredible efficiency gains and increased capabilities for in-house legal teams 

AUCKLAND – 16 August 2023 – LawVu is transforming the capabilities of in-house legal  teams by adding AI enhancements to its legal workspace software.  

According to LawVu’s latest In-house Legal Technology Report, the most pressing priority  for in-house legal teams and their businesses is finding efficiency and productivity gains. A key barrier to driving productivity stems from in-house legal teams’ lack of access to the  latest technology. Typically, these teams have access to rich data sets that contain a wealth  of information about the business, but lack the resources to unlock the insights this data  holds.  

Now, LawVu has added new AI-powered features to its legal workspace that can optimise  efficiency, remove administrative burden and provide secure access to valuable insights  previously locked away in contracts and invoices.  

LawVu’s AI Assist feature uses the latest generative AI and language models from Microsoft  Azure OpenAI to help customers action contracts faster. This natural language processing  tool reviews and summarises key information from contracts so that in-house legal  professionals can find answers quickly without needing to read hundreds of pages.  

AI Assist can give users a high-level summary of a contract, retrieve details such as parties  involved, key dates, signatories, scope, liabilities and warranties, and identify contract  renewal and expiry dates in a matter of seconds. It also allows users to evaluate the accuracy  and value of the response with a ‘thumbs up or down’ vote so that the software can learn on  the job.  

LawVu developed these new features through a strategic partnership with AI leader  Microsoft. As part of the Microsoft AI First Movers program, LawVu has enjoyed early access  to Microsoft’s cutting-edge AI technology to build new tools and deliver rapid innovation to  its customers. 

“LawVu was already allowing in-house legal teams to manage their contracts, matters and  vendor spend all in one place. Now, with the power of AI embedded in that workflow, we are  taking a crucial next step in transforming what in-house legal teams can do and how  efficiently they can do it,” says Sam Kidd, CEO and Co-founder of LawVu.  

The company has also developed several other features leveraging Microsoft’s Azure Form  Recognizer and Zuva’s DocAI. The AI Contract Import and Review feature lets customers  import existing contracts in bulk into their LawVu environment up to four times faster, saving  thousands of valuable lawyer hours per year. 

The AI Contract Extraction tool automatically captures and extracts key contract clauses and  important data much faster than before. This saves in-house legal teams huge amounts of  administrative time and effort. The tool pulls critical data from contracts into in-house legal 

Legal Technology News: LawVu ReImagines In-House Legal Capabilities With Microsoft Azure OpenAI

teams’ record systems, so it can be used for alerts, notifications and reporting. It also helps  to create a standardised, complete dataset to facilitate reporting functions. 

Delivering customer benefits is not the only way LawVu is using AI. The company has  developed an internal ChatGPT capability using the Azure OpenAI Service, which draws on  LawVu’s database to respond to employee questions. This allows staff to retrieve information  more quickly and simplify manual operations, freeing them up for more creative or  demanding tasks. 

LawVu’s software engineers are also utilizing GitHub Copilot to help them write better code  faster. Using the software’s latest developments in the Copilot Chat, engineers can offload  the laborious task of generating test cases for new code quickly. The speed at which  engineers can test and develop new code allows LawVu to innovate rapidly. 

The company’s AI philosophy is to identify places in the legal workflow where it can add  value without introducing risk. Security is a major consideration as LawVu works to embed AI  in its in-house legal workspace solution. By working closely with Microsoft and utilising built in security and compliance approaches, it can ensure customer data remains ‘containerised’ in the relevant accounts so any AI-enhanced tools can access it without compromising data  security and privacy.  

“LawVu is supercharging the capabilities of in-house legal teams with AI. We are excited to  witness and support their journey in augmenting what teams can do to drive efficiency,  reduce burnout and improve the employee experience in the legal field,” says Lee Hickin,  Chief Technology Officer at Microsoft Australia and New Zealand.  


About LawVu 

LawVu is the legal workspace in-house legal teams use to be more productive and connect  with the business. The unified suite of productivity and collaboration tools allows in-house  lawyers to manage all their matters, contracts, documents, vendors, and reporting from one  cloud-based, secure and connected platform. Founded in 2015 and based in Tauranga,  LawVu develops and distributes its SaaS platform to customers around the world. 

About Microsoft 

Microsoft (Nasdaq: MSFT; @microsoft) enables digital transformation for the era of an  intelligent cloud and an intelligent edge. Its mission is to empower every person and every  organisation on the planet to achieve more. 

>> In-House Legal Leaders in New Zealand

>> Latest Law Jobs in New Zealand

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top