LexisNexis® Legal & Professional is announcing new document analysis tools for transactional lawyers. space. The feature which is called “Agreement Analysis,” will streamline the manual tasks that accompany researching, negotiating, and finalizing transactional agreements. The product currently supports M&A transactions, including merger, stock purchase and asset purchase agreements, with more transactions coming in future releases.
Agreement Analysis uses AI to extract and recommend alternate clause language from seven million clauses publicly filed in SEC EDGAR documents, and from Practical Guidance sample clauses, templates and agreements. The feature allows a lawyer to drag and drop their document into the Agreement Analysis tool. The tools focuses on “highly negotiated clauses” and quickly compares and offers alternate language for clauses in their document. Lawyers have direct access to the drafting guidance and insights from Lexis Practical Guidance and benchmarking data points from their Market Standards tool.
“Transactional attorneys spend a significant amount of time analyzing clause language in large, complex documents to produce the most favorable terms and ensure they haven’t overlooked anything,” said Sean Fitzpatrick, CEO of LexisNexis North America, UK and Ireland. “Agreement Analysis extracts and delivers on-point alternative clause language from seven million clauses and presents them along with drafting insights and guidance in a way that saves time and improves attorney knowledge and efficiency.”
- Intuitive Dashboard
- Document Analysis tab with SEC filings, please note: source link and metadata in purple
- Document Analysis tab with the Practical Guidance flyout open. Please note: Point of View and a View Drafting Note.
- Compare & Edit – Source document in blue and Alternate Language Carousel below with one section already reviewed and dismissed.
- Source Documents Tab. Note filters (including Law Firm), Link to full Source document in blue, Metadata/deal points w/link to Market Standards for all deal points, and source document #2 where 5 sections have alternate clause recommendations coming from this document.
- Tools & Resources Tab – Checklists and Resource Kits specific to user’s document.
After uploading a document to the dashboard the analyser will extract results which include: s pertinent deal parameters, and a breakdown of the available alternative language for the most highly negotiated clauses, links to source documents, elated Practical Guidance content and tools, including Market Standards and the State Law Comparison Tool.
Agreement Analysis makes the editing of long documents easier by creating a navigable clause outline including recommendations for “semantically relevant yet meaningfully diverse alternate clauses”. These recommendations can be selected and compared side-by-side for easy review, analysis and editing. Relevant drafting notes, data points and other Practical Guidance content provide additional point-of-view positioning and jurisdictional information, helping users understand drafting nuances underpinning each provision. Once edited, the finalized clause can be inserted into the original document.
“Agreement Analysis dramatically improves the entire transactional drafting and review process for all parties involved and exemplifies our commitment to improving the lives of legal professionals through the combined application of advanced technologies, industry-leading content and workflow efficiencies,” said Jeff Pfeifer, Chief Product Officer, LexisNexis North America, UK and Ireland. “With Agreement Analysis, we’re continuing to add value to the Lexis+ ecosystem, while enabling legal professionals to develop higher impact transactional documents in less time. Our solution relies on extractive AI, technology that improves decision insights for our customers. Extractive AI is also a fundamental building block for our next-generation generative AI solutions, like the recently announced Lexis+ AI.”
For more information on Lexis+ Agreement Analysis features, please visit Agreement Analysis.