Harvey for Contracts Platform
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The Harvey for Contracts Platform is an AI contract analysis software that is a Harvey AI product (produced by Harvey AI Corp.).
- Context:
- It can (typically) use natural language processing and machine learning to extract key contract data from legal documents.
- It can (typically) identify important contract clauses to help lawyers review contracts faster.
- It can (typically) provide features like deadline tracking, risk detection, contract search, and more.
- It can (typically) be marketed as a "self-learning" system that improves with more contracts processed.
- …
- Example(s):
- …
- Counter-Example(s):
- Evisort Contract Management System, which is not just AI software but a full platform.
- Kira Systems, a competing AI contract analysis tool.
- LawGeex Platform.
- See: Contract Review System, AI for Legal, Contract Analytics Software.
References
2023
- https://linkedin.com/company/harvey-ai/about/
- QUOTE: Harvey is a generative AI company ... building the future of professional services.
2023
- https://www.harvey.ai/careers/senior-research-engineer
- QUOTE:
- Harvey will be a category-defining company for the application layer built on top of foundation models like GPT-4.
- Exceptional product market fit: multiple multi-million dollar deals with the largest professional service providers (e.g. PwC) and the largest law firms on Earth (e.g. Allen & Overy).
- …
- We are building systems that can automate the most complex knowledge work in the world, e.g. billion dollar litigations and corporate transactions.
- Dealing with the most sensitive data in the world: client data from the largest companies in the world.
- Working past the edge of published AI research: tackling problems far beyond the complexity of existing AI benchmarks.
- Unsolved product, architectural, and business problems: natural language interfaces, prohibitively expensive evaluation of models, massive marginal costs, versioning / training / segregating models per task / legal system / practice area / client and client’s clients.
2023
- https://www.clio.com/blog/harvey-ai-legal/
- SUMMARY
- Their main product Harvey for Contracts uses natural language processing and machine learning to extract key contract data points and contract clauses from contracts to speed up manual review.
- Key features include: deadline tracking, risk detection, contract summarization, contract search, workflow automation, change tracking, and collaboration tools.
- Harvey AI's software is marketed as "self-learning", improving extraction and analysis accuracy as more contracts are processed.
- They target corporate legal departments and law firms as customers, promoting efficiency gains, time/cost savings, and reducing human error.
- SUMMARY