More and more of 360 Business Law [1]’s larger clients are turning to its AI Contract Review Service to accelerate their contract processes, improve efficiency, and reduce legal review costs. With legal teams under mounting pressure to deliver faster results while managing risk and keeping costs down, artificial intelligence is becoming an essential tool in streamlining high-volume contract workflows. The advanced AI-powered service is helping clients to manage thousands of contracts each year to gain speed, accuracy and significant savings.
360 Business Law’s AI tool leverages machine learning and advanced algorithms to quickly analyse contract text, identify key clauses and flag potential risks. What once took days or even weeks can now be completed in a fraction of the time, allowing businesses to respond to opportunities faster and allocate resources more effectively.
Contracts often contain clauses with critical legal and financial implications. With increasing regulatory requirements across jurisdictions, the margin for error is slim. 360 Business Law’s AI tools are trained to spot potential compliance issues, high-risk terms, and inconsistencies, ensuring companies avoid costly oversights.
What sets 360 Business Law apart is its unique hybrid approach. Where additional legal support is required, 360’s in-house legal team steps in to conduct a secondary review after the AI has completed its initial analysis. This allows 360 to provide jurisdiction-specific legal advice and, where needed, to negotiate contractual clauses directly on behalf of its clients. With an average of 12 years’ post-qualification experience, 360 Business Law’s global team of lawyers, operating in over 90 countries and 34 U.S. States, offers clients a powerful layer of human oversight.
Robert Taylor, CEO and General Counsel of 360 Business Law says, “The traditional contract review process, while necessary, can be time-consuming and resource intensive. For larger companies, which often deal with hundreds or even thousands of contracts annually, this can become a significant bottleneck.
“By automating the early stages of contract review, we’re helping our clients to reduce legal costs without sacrificing quality. The AI works around the clock, ensuring tight deadlines are met and enable legal teams to focus on strategic, high-value matters.
“One of the key advantages for our largest clients is the substantial reduction in legal costs. Instead of relying on senior legal professionals for initial contract reviews, our AI handles the task with speed and accuracy. The system continually learns from each review, enhancing its precision over time and reinforcing our clients’ long-term risk management strategies. In addition, our AI service can be tailored to align with local legal requirements, ensuring every contract complies with jurisdiction-specific standards.”