Northeast Florida Roundup
AI-based program makes easy work of legal contract reviews
Contract Reviews Made Easy
Reviewing contracts for legal purposes takes a lot of repetitive attention to detail. The use of artificial intelligence at the law firm Foley & Lardner makes that type of review easier, according to Jacksonville-based partner Chanley Howell.
Howell helped lead customization of technology from the U.K.-based company ThoughtRiver to provide AI-based contract review both in-house and for clients to use on their own. Its program, Foley Equipped, launched in June.
The use of Foley Equipped provides more consistent contract review. In Howell’s experience, it also speeds up the contract review process by about 20% to 30%.
AI is used a fair amount in the legal profession, particularly with mergers and acquisitions and larger litigation cases, Howell says.
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- SkillStorm in Jacksonville is partnering with the University of Tampa to provide training that can help meet the hiring needs of technology companies. Skill- Storm hires, trains, certifies and places IT employees. SkillStorm and UT are forming an accelerator program and an emerging tech program.
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- Feeding Northeast Florida has two new executives. Ben Peek is the CFO, and William Carnegie is the COO.