DraftWise
DraftWise is a B2B legal technology company based in New York, offering a knowledge platform that enhances contract drafting and negotiation for lawyers through data management, machine learning, and language analytics.
Company Overview
DraftWise is a B2B company based in New York, NY, USA, with a team of 21 members and includes remote operations. The company operates within the legal industry and offers a platform designed to aid legal professionals in drafting safer, better contracts. DraftWise was part of the Y-Combinator S20 batch and serves regions including the United States, Canada, and fully remote areas.
Innovative Legal Knowledge Platform
DraftWise provides an innovative knowledge platform catering specifically to the legal industry. This platform unlocks historic legal contracts to assist clients in negotiations, utilizing advanced data management, machine learning, and language analytics. It enables instant access to firm-wide data directly within Microsoft Word, supporting thousands of lawyers across Vault10, AMLaw 100, Magic Circle, and Seven Sisters firms.
Core Product and Features
The core product of DraftWise includes features such as legal search, document analysis, curated language, and review work. It supports secure, easy content sharing through clause banks and knowhow precedents. Deployment options are flexible, supporting both cloud and on-premise configurations, while adhering to stringent security measures like Cyber Security Essentials Plus and SOC2 compliance, with data encrypted at rest and in transit. DraftWise uses AWS CloudWatch for audit logs and monitoring services.
Latest Developments
DraftWise continues to innovate with the legal industry by testing the latest generative AI features in collaboration with MDR Lab as of October 30, 2023. The company also recently announced a product update for DraftWise Deal Context on August 23, 2023, which provides a comprehensive drafting and negotiating AI solution designed for lawyers, incorporating firm data to deliver precise drafts and facilitate a full view of contracts, deals, and client engagements.