LegalOn Technologies Co., Ltd.
[LegalForce implementation example] “Tobu Top Tours Co., Ltd.”, which provides MICE business, regional revitalization business, etc., mainly in the travel business, introduced the AI contract screening platform “LegalForce”
-You can now manage the review status and modification history of the contract file. ~
LegalOn Technologies Co., Ltd. (Headquarters: Koto-ku, Tokyo, CEO: Nozomu Tsunoda) has introduced the AI contract screening platform “LegalForce” to “Tobu Top Tours Co., Ltd.”, which develops various businesses centered on the travel business. rice field.
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Background of introduction of “LegalForce”
・There are 2 people in the legal department. Responds to contract review, intellectual property management, and legal consultations associated with the launch of new businesses.
・About 150 to 200 new contract review requests per month. The contracts we handle are mainly standard contracts such as outsourcing contracts and non-disclosure agreements (NDAs).
・The reason for the introduction is to reduce the burden of contract examination, which has tripled the number of examinations due to business diversification.
The good reputation I heard from an acquaintance who was in charge of legal affairs at another company helped me with the introduction. Effect of introducing “LegalForce”
・By using “LegalForce”, the time required for the examination has been reduced to about 70% of the conventional time.
・Alerts will be displayed for omissions in clauses, so you can notice omissions, so that you can review contracts with peace of mind. ・Using “project management” and “version management”, you can manage the review status and modification history of the contract file. You can search by company name, etc., greatly reducing the time required for searching.
Tobu Top Tours Co., Ltd. Company Profile
・ Company name: Tobu Top Tours Co., Ltd.
・Business description: Social innovation business, public affairs business, global business, sports business, education business, corporate/MICE business, Tobu area business, D2C business, personal travel business
・Head office: Tokyo Skytree East Tower, 1-1-2 Oshiage, Sumida-ku, Tokyo ・Company establishment: April 1, 2015
・Number of employees: 2,698 (as of April 1, 2022)
・ Capital: 3 billion yen
・Representative: Koji Momokida, President and Representative Director ▽ Click here for details
Two people are responsible for 200 contract reviews per month.In addition to review, progress management and shortening the time to search for contracts
https://legalforce-cloud.com/usecase/68
▽ Click here for inquiries
https://legalforce-cloud.com/
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 LegalOn Technologies Inc.
LegalOn Technologies 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 was changed from LegalForce Co., Ltd. to LegalOn Technologies Co., Ltd.
[LegalOn Technologies Co., Ltd.] (URL: https://legalontech.jp/) ・Company name: LegalOn Technologies Co., Ltd.
・Location: 6F Toyosu Front, 3-2-20 Toyosu, Koto-ku, Tokyo 135-0061 ・Representative: Nozomu Tsunoda, Representative Director
・Business description: Development and provision of software related to legal services
・Capital, etc.: 17.85 billion yen (including capital reserves, etc.) (as of June 2022)
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