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From Hours to Minutes: Shoosmiths Transforms Contract Review


Shoosmiths is a full service law firm supporting clients across the UK and internationally, with a reputation for innovation and client excellence.

Joe"ThoughtRiver’s platform reviewed complex supply agreements in less than 3 minutes with >90% accuracy. The same contract took qualified lawyers 4 hours to review at an average accuracy rate of 86%."


Joe Stephenson
Partner and Head of IT & Technology at Shoosmiths

Industry

Law Firm

Contract types

Any commercial contract for purchase of services, goods or IT or NDAs

Features

AI-driven contract reviews delivered as a managed service or self-serve option

Benefits
White checkmark in a green circle, indicating approval or completion of a process.Save up to 3-5 hours of contract review time

White checkmark in a green circle, indicating approval or completion of a process.Reduce contract review costs by up to 80%

White checkmark in a green circle, indicating approval or completion of a process.Same-day reviews to get to signature faster

White checkmark in a green circle, indicating approval or completion of a process.All outputs written in plain English

The challenge: an ambition to automate and productize client contract reviews


Law firm Shoosmiths wanted to create a tool that could automate a fast and accurate managed service offering to clients. They also wanted to use legal AI to offer clients a self-serve tool that would save time on contract reviews, reduce legal spend, and allow in-house legal teams to focus on higher-value activities. 

dangreatorex“I’ve been using ThoughtRiver on my day-to-day workflow. The accuracy improvements with Lexible Fusion™ have been a major breakthrough and has really solidified my trust in ThoughtRiver. The accuracy was good before, now it’s amazing.”

Dan Greatorex, Senior Associate at Shoosmiths

 

The solution: Cia® powered by ThoughtRiver


ThoughtRiver worked with Shoosmiths to create a co-branded contract review solution that meets Shoosmiths’ clients’ need for speed and accuracy – Cia®. Powered by ThoughtRiver’s next generation AI, Cia® reviews Shoosmiths’ clients’ contracts, pinpoints the key risks and deviations from market norms, and automatically generates corrective drafting.

Using ThoughtRiver’s industry-leading technology, Cia® saves up to three to five hours of contract review time, representing over an 80% saving when compared with typical external legal costs.

Cia® is so fast, Shoosmiths offers same-day service on any contract that’s received by 2pm. Clients get an incredible turnaround time on their contracts while benefiting from the most accurate legal AI in the world.

As well as Shoosmiths’ managed services option, clients also self-serve contract reviews using Cia®. ThoughtRiver’s AI is so accurate in identifying contractual risk, even non-lawyers are using it. Everything is delivered in plain English so, whether clients are a lawyer or not, Cia® will help them get to signature faster with more protection and less cost.

dangreatorex“Cia® has been a game changer for the Deliveroo legal team, saving us significant time on our contract reviews so we can focus on other key priorities.”

Dan Greatorex, Senior Associate at Shoosmiths

 

The benefits: Outstanding client services and new revenue streams


Shoosmiths’ clients also have a choice of how to review their contracts through Cia®. Whether through a managed service or self-serve option, they always benefit from Cia®’s ability to quickly and accurately review any commercial contract or NDAs.

This plug and play solution, powered by ThoughtRiver, delivers immediate value, with no training or onboarding required. With faster, more accurate contract reviews, clients instead focus more time on closing deals and higher value legal tasks.

It’s a tool that’s delivering clear benefits for Shoosmiths too. Clients are delighted with service levels, and the Shoosmiths team is picking up industry recognition for innovation, including winning Law Firm of the Year and being shortlisted for Legal Technology Team of the Year at the Legal Business Awards.