LegalForce Co., Ltd.
[LegalForce implementation example] “Enoshima Electric Railway Co., Ltd.”, which operates railways, buses, real estate, tourism, etc. in the Shonan and Kamakura areas, introduced the AI contract screening platform “LegalForce”
Review work that used to take 3 or 4 days can be completed in a few hours. LegalForce reduces the workload of one-person legal affairs. ~
LegalForce Co., Ltd. (Headquarters: Koto-ku, Tokyo; Representative Director: Nozomu Tsunoda; hereafter referred to as LegalForce) has asked Enoshima Electric Railway Co., Ltd., which operates businesses such as railways, buses, real estate, and tourism in the Shonan and Kamakura areas, to conduct AI contract screening. We have introduced the platform “LegalForce”.
Mr. Soichiro Oishi, General Affairs Section, General Affairs Department, Enoshima Electric Railway Co., Ltd.
Background of introduction of “LegalForce”
・There is no department dedicated to legal affairs, and the General Affairs Section of the General Affairs Department is in charge of legal affairs, along with public relations and event management. ・There are about 3 to 4 new contract review requests every month. The contracts we handle are mainly standard ones such as business consignment contracts and non-disclosure agreements.
・The reason for the introduction is to reduce the workload of the legal staff and standardize the quality of the contract examination. The parent company is using “LegalForce”, and the fact that it was recommended by the parent company also supported the introduction. Effect of introducing “LegalForce”
・By using “LegalForce”, examination work that used to take 3 to 4 days can be reduced to a few hours.
・It is now possible to predict the time required for contract screening, and to present the timing of returning to the business department.
・With the “Word download function”, you can read the entire contract while viewing the review results together with the review requester, increasing opportunities for communication with the business department.
・ Company name: Enoshima Electric Railway Co., Ltd.
・Business description: Railway business, commissioned management of general passenger car transportation business, tourism business, real estate business, micro-mobility business
・Head office: 1-8-16 Katasekaigan, Fujisawa City, Kanagawa Prefecture ・Company establishment: July 1010, 1926 (Taisho 15)
・Number of employees: 230 trains, 458 buses
・ Capital: 300,000,000 yen
・Representative: Susumu Narai, President and Representative Director ▽ Click here for details
Introduction case URL (https://legalforce-cloud.com/usecase/66) ▽ Click here for inquiries
What is the AI contract screening platform “LegalForce”? (URL: https://legalforce-cloud.com)
“LegalForce” automatically compares contracts with checklists for each type of contract using technologies such as natural language processing, and instantly presents omissions in clauses and excesses and deficiencies in clauses to prevent omissions and oversights. With the core function of contract management, research, editing, composition, knowledge sharing, project management, new/old comparison table creation, contract number tally, etc., functions that
simultaneously improve the quality and efficiency of contract work. is installed. The official version was launched in April 2019, and after about three years, as of September 2022, more than 2,500 companies and law firms are using it with paid contracts.
What is the AI contract management system “LegalForce Cabinet”? (URL: https://legalforce-cloud.com/cabinet)
A system that automatically creates a contract database and automates the management of signed contracts by utilizing the natural language processing technology and machine learning technology cultivated in the AI contract screening platform “LegalForce”. Simply by uploading the contract, it will automatically transcribe, extract the contract information (“title”, “contract date”, “contract party name”, “contract start date, end date”, etc.) and store it in a searchable database. It is possible to control the contract risk at the same time as realizing the centralized management of the contract. The official version will be available in January 2021, and as of October 2022, more than 600 companies are using it with paid contracts.
■ About LegalForce Co., Ltd.
LegalForce Co., Ltd. was founded in 2017 by two lawyers from major law firms. We develop and provide software that improves the quality and efficiency of corporate legal affairs by combining our unique AI technology and the legal knowledge of lawyers. We are also
contributing to academic fields, including joint research with Kyoto University. We have been providing the AI contract screening platform “LegalForce” since April 2019, and the AI contract management system “LegalForce Cabinet” since January 2021. In December 2022, the company name will be changed from LegalForce Co., Ltd. to LegalOn Technologies Co., Ltd.
[LegalForce Co., Ltd.] (URL: https://legalforce-corp.com)
・Company name: LegalForce Co., Ltd.
・Location: 6F Toyosu Front, 3-2-20 Toyosu, Koto-ku, Tokyo 135-0061 ・Representative: Nozomu Tsunoda, Representative Director
・ Business: Development and operation of software related to contract work ・Capital, etc.: 17.85 billion yen (including capital reserves, as of June 2022)
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