Industries

Insurance     Financial markets     Legal and contract management     Banking     Maintenance and engineering     Life sciences     Healthcare and public sector     Sports and entertainment

Overview

Saves knowledge worker time

50%

Reduction in time spent by knowledge workers who dedicate 20% of their time to text analysis and search tasks.¹

Delivers rapid ROI

383%

Potential return on IBM Watson Discovery IT investment over 13 months.¹

Generates revenue and profit

USD 6.1M

In possible benefits generated over three years by taking advantage of efficiency gains when using IBM Watson Discovery.¹

What's your potential ROI?

IBM Watson® NLP solutions can help improve productivity and lower costs of previous tools.

Use cases

Litigation drafts and responses

Litigation documents illustration

Save hours on document review

Drafting litigation can require hours of research and e-discovery taking attorneys and paralegals full days to review large, complex documents. With AI, law firms can accelerate the manual search of information and document review, using automation to find relevant cases and corresponding key points.

Legal research

Finding information illustration

Extract relevant information

Clerks, paralegals and attorneys can use AI solutions to streamline research and document review by extracting relevant information from sources to augment decision-making. With automated reference recommendations, spend more time digesting key points applicable to a given case.

Contract lifecycle management

Contracts illustration

Maintain contracts more efficiently

With AI technology, employees can spend more proactively preventing contract delays, mitigating risks and refining negotiation points, and less time on conducting contract analysis, drafting arguments or looking for renewal opportunities.

Client Service

customer service illustration

Streamline the customer experience

With AI technology, legal professionals can spend more time solving customer problems and less time looking for information to inform their next actions. Administrative specialists can access more effective answers to common questions in near-real time for faster problem resolution and improved customer satisfaction.

Client stories

ContractPodAi

Automating contract management

Using IBM Watson technologies, ContractPodAi helps counsel easily and cost-effectively manage contracts through their lifecycle. ContractPodAi clients have reported reductions in contract renewal time greater than 50%.

LegalMation

Saving time and resources

By creating an AI solution to analyze complaints and create early-phase response drafts, LegalMation saw potential to help legal organizations  save time, reduce costs and shift limited resources to focus on higher-value tasks like litigation strategy. Moving workload to the LegalMation application is estimated to reduce costs for users by approximately 80%.

QNC GmbH

Streamlining client communications

Using IBM Watson AI tools, QNC lawyers can now match client questions against the Prime Legal database of 180,000 previously-answered questions, and typically respond to client inquiries in less than an hour.

Featured offering

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