Foley Equipped
AI-Powered Contract Review Is Here. Are you Foley Equipped?
Automation is a key tool in solving many of today’s supply chain and procurement challenges. View the video below for how the Foley Equipped contract review service works and how it can help your organization. Foley was named a 2023 “Legal Technology Trailblazer” by the National Law Journal for Foley Equipped, and for her part in its development, Kathleen “Kate” Wegrzyn was named an “Innovators of the Year” finalist at the 2023 Legalweek Leaders in Tech Law Awards and a 2022 “Wisconsin Legal Innovator” by the State Bar of Wisconsin.
“This is great! The AI-powered issues list is the most useful output for these types of agreements. That way our business leaders can quickly review the issues without having to dig through the detailed contract language.”
Eric Bublitz, Senior Corporate Patent Counsel, Harley-Davidson Motor Company
Foley Equipped is aimed to help clients manage the high volumes of contracts they receive. CEO Daljit Doogal, CIO Brad Christmas, and Supply Chain Partner Kate Wegrzyn sat down to discuss the solution. Check out the video here.
Partner Chanley Howell recently joined TechTarget’s “Tech News This Week” video series to discuss how Foley Equipped and AI are transforming the legal industry. Watch the video here.
How It Works – Step by Step
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Foley Equipped is designed to provide faster turnaround times leading to more deals closed all with the goal of mitigating risk. With this technology, we aim to turn around vendor contracts in as little as one business day (subject to conflicts clearance), which can be crucial time saved for your company. This gained efficiency is critical to getting deals and business done faster. To download an overview of Foley Equipped, click here. |
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| 1. Quickly Identify | 2. Customized Playbook | 3. Verified Advice | ||
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The Foley-trained AI engine quickly identifies and prioritizes missing and important provisions in routine agreements that are currently unreviewed by legal. |
The solution displays customized playbook commentary and model clauses in the context of identified provisions. |
Our attorneys verify the AI advice and revise the agreement as appropriate based on client’s requirement. Or, integrate the software into your system, permitting your in-house teams to have direct access to and use of the technology. |
Foley Equipped Benefits
Flat Fee Pricing
Better ability to accurately budget legal costs.
Cost Savings
Long-term reduction in operating expenses from standardization and better management of contractual clauses.
Quick Turnaround Time
Save valuable time for your more complex, higher value initiatives.
Reduce Risk
Reduce your company’s litigation risk by ensuring a baseline level of review for high-risk items in routine agreements that are currently unreviewed or under-reviewed by legal.
Request a Demo
To request a demo of Foley Equipped, please complete and submit the form below. For information about how Foley can support companies, founders, and entrepreneurs in all phases of growth, from garage to global, visit Foley Ignite.
