eBrevia - AI Assisted Document Review Platform

A combination of machine learning and NLP may lead to more accurate and faster results, through eBrevia.

Website

https://www.dfinsolutions.com/products/ebrevia

Overview

Uses a combination of natural language processing and machine learning to identify material clauses within agreements under review
OCR technology can process 50+ agreements within 1 minute
Claims that:
- Large document review can be conducted 30-90% quicker
- Improves accuracy by 10-60%
User can tag documents to enable filtering / sorting; can export to Excel file
Three views:
- Dashboard
- List (of documents under review)
- Compare (can chose one clause as "standard" and compare to rest of clauses in other documents)
The platform has an advanced question and answers functionality through which users can interrogate a document set by deploying pretrained smart fields which take the form of questions
- An example of a pretrained question is: Are there restrictions on assignment?"
  - The machine will then identify those documents which contain restrictions on assignment providing a "Yes" in answer to the question, and a "No" answer to the remainder

This is helpful functionality when you require quick answers to key questions, but do not require detail. Deploying these smart fields appropriately allows reviewers to quickly separate the material/vital documents from the immaterial/inconsequential, and thus greatly speed up the review

The AI has been trained on mainly UK, England and Wales, and Spanish law

Video

Short overview

Detailed walk through:

Plans / Pricing

Pricing is based on the number of documents uploaded to the platform for review
- One thousand uploaded documents costs $10,000
- Ten thousand uploaded document costs $62,000
eBrevia have stated that they offer an enterprise licence, which is negotiated with each customer
All prices included consultant support from eBrevia

Used by member firms

None at present; they do list PwC and Baker McKenzie among their clients