NEW YORK, April 17 (Bernama-GLOBE NEWSWIRE) — Epiq, a global leader in the legal services industry, today announced the expansion of its artificial intelligence (AI)-enabled legal solutions to include Contract Analysis. The new global Contract Analysis offering combines expertise with machine learning and natural language processing to enable faster, more intelligent contract analysis by legal teams, with the ability to supplement and scale this analysis with experienced Epiq team members.
Epiq has deep expertise applying advanced, technology enabled analytics to legal processes, including using AI in over 1,000 eDiscovery matters for law firms and corporate legal teams in the past year. Epiq is now applying its experience to help organizations better understand, organize and optimize their contracts. The platform doesn’t take the human component out of contract analysis, but it can make those humans faster and more effective, reducing overall costs by as much as 50%.