In a forward-looking move, Wilson Sonsini has introduced an AI-enabled commercial contracting offering as part of its proprietary Neuron platform. This innovative solution combines the firm's extensive expertise in commercial agreements with cutting-edge AI technology to streamline the contract review process and deliver exceptional value to clients.
Key highlights of Wilson Sonsini's AI-powered offering:
- Attorney-supervised, AI-enabled commercial contracting for cloud services companies
- Fixed-fee pricing model for predictable costs
- AI agent tested by the firm, achieving an impressive 92% accuracy in identifying issues and applying playbook positions
- Supports the work of the firm's commercial contracts attorneys, maintaining a "lawyer-in-the-loop" model
- Enables clients to enter into agreements faster, more accurately, and at predictable prices
- Addresses the pain point of contract review, which occupies over 40% of in-house counsel's time at technology companies
Wilson Sonsini's commitment to innovation and client experience is evident in the development of the Neuron platform. By leveraging AI technology, the firm is well-positioned to enhance its service delivery and operations, potentially leading to improved financial performance metrics such as revenue per lawyer and profits per equity partner in the future.
The legal industry is witnessing a wave of technological advancements, and generative AI is at the forefront of this transformation. Wilson Sonsini, like other Am Law firms, is possibly piloting AI products under non-disclosure agreements to explore their potential in boosting client acquisition, new matter origination, and overall growth.
As the firm continues to expand the capabilities of its Neuron platform, it aims to assist with various commercial agreements, including terms of service, non-disclosure agreements, and agreements for other verticals. By focusing on agreements that unlock revenue and enhance the client experience, Wilson Sonsini demonstrates its dedication to delivering premium, white-glove service alongside state-of-the-art technology.
The legal community has recognized Wilson Sonsini's groundbreaking work on the Neuron platform, with the firm securing top industry accolades such as a spot among Fast Company's Top 10 Most Innovative Companies in North America, being named a "Legal Technology Trailblazer" by The National Law Journal, and winning the prestigious "Enabling Start-Up Success" award at Legalweek's Leaders in Tech Law Awards.
As the legal landscape continues to evolve, Wilson Sonsini's AI-powered Neuron platform showcases the firm's proactive approach to embracing technology and delivering unparalleled value to its clients.
*Information sourced from Wilson Sonsini Press Release.
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