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.