DraftWise

TL;DR

AI-powered legal drafting tool that accelerates contract creation by leveraging firm's historical documents and precedents
Provides intelligent contract review, automated redlining, and negotiation risk analysis directly within Microsoft Word
Designed for law firms handling M&A, corporate transactions, and complex deal negotiations
Enterprise-grade security with SOC 2 Type II and ISO 27001 certifications

What is DraftWise

DraftWise is an AI-powered legal technology platform that transforms how attorneys draft, review, and negotiate contracts. The platform integrates directly into Microsoft Word and connects with major document management systems (iManage, NetDocuments, SharePoint) to help legal teams leverage millions of historical documents and precedents. DraftWise serves as an intelligent assistant that can search through firm-wide data, identify relevant precedent language, generate AI-powered redlines based on firm guidelines, and flag potential negotiation risks - all while maintaining enterprise-grade security standards. This comprehensive legal AI solution falls under the category of AI Contract Management and Legal Document Automation tools.

Key Features

Smart Draft: Search millions of documents simultaneously to identify relevant precedent and execute client-ready language directly in Word. This feature transforms your entire deal history into actionable drafting intelligence.
AI-Powered Markup: Generate automated contract redlines based on your firm's guidelines and historical precedent. Every edit reflects how your firm actually conducts deals, ensuring consistency and quality.
Negotiation Intelligence: Instantly summarize key contract points, compare contracts against term sheets, and identify potential negotiation traps before signing. This feature helps expose hidden deal risks.
Seamless DMS Integration: Native integration with iManage, NetDocuments, SharePoint, and OpenText allows attorneys to access and leverage firm knowledge without disrupting existing workflows.
Knowledge Collection Building: Quickly build accessible, shareable knowledge collections based on prior work, making your best contract language easily obtainable when and where lawyers need it most.

Who is DraftWise for?

Big Law Firms: Vault 10, Magic Circle, and Am Law 100 firms handling high-volume, complex transactions
Corporate M&A Attorneys: Legal teams specializing in mergers and acquisitions who need to leverage historical deal data
Venture Capital Law Firms: Attorneys handling fast-moving transactions for venture-backed companies
In-House Legal Teams: Corporate legal departments seeking to standardize contract language and improve efficiency
Deal Teams: Legal professionals who need to quickly identify patterns and trends across multiple transactions

Key Use Cases & Applications

M&A Transaction Acceleration: Rapidly draft purchase agreements by leveraging precedent from similar historical deals
Contract Consistency Enforcement: Ensure all attorneys use approved language and clauses across different practice areas
Risk Identification in Negotiations: Flag potential issues by comparing current drafts against successful historical negotiations
Knowledge Preservation: Capture and make searchable the institutional knowledge embedded in millions of firm documents
Client Service Enhancement: Deliver higher quality work product faster by focusing attorney time on strategic rather than routine tasks

Pros

Dramatically reduces contract drafting time by leveraging AI to search millions of documents simultaneously
Maintains enterprise-grade security with SOC 2 Type II and ISO 27001 certifications
Preserves attorney workflow by operating directly within Microsoft Word
Doesn't train on user data, ensuring complete privacy and security of sensitive legal information
Proven track record with leading law firms including Orrick, Katten, and Gunderson

Cons

Limited to Microsoft Word environment, which may not suit firms using alternative document editors
Effectiveness heavily depends on the quality and volume of historical firm data available
May require IT resources for initial DMS integration and setup
Pricing requires direct contact with sales team, making cost comparison difficult

Pricing Info

Pricing is not publicly available, You need to contact them.

FAQs

Does DraftWise work with my existing document management system?

Yes, DraftWise integrates seamlessly with major document management systems including iManage, NetDocuments, SharePoint, and OpenText. The platform is designed to work within your existing tech stack without disrupting current workflows.

How does DraftWise ensure the security of sensitive legal data?

DraftWise is built with enterprise-grade security from the ground up, holding both SOC 2 Type II and ISO 27001 certifications. Importantly, DraftWise does not train its AI models on your data, ensuring complete privacy and security of your firm's sensitive information.

What types of contracts can DraftWise help with?

While DraftWise is particularly powerful for M&A transactions and corporate deals, it can be applied to any contract type where your firm has built up historical precedent. The tool is especially valuable for complex, high-volume transactional work where consistency and speed are critical.

How long does it take to implement DraftWise?

Implementation timeline varies based on firm size and DMS complexity. However, since DraftWise works directly within Microsoft Word and integrates with existing systems, attorneys can begin seeing value quickly once the initial setup and data connection are complete.

Can DraftWise help with contract negotiations beyond just drafting?

Yes, DraftWise offers comprehensive negotiation support including automated contract review, risk identification, and comparison against term sheets. The platform helps attorneys spot potential negotiation traps and ensures nothing critical is missed during the deal process.

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