AI-powered contract data extraction helps identify key clauses from your contracts, speeding up contract processing times.

Use the 10 default AI fields out of the box or choose from an extensive library of pre-trained fields to extract relevant data for your contracts. You’ll be able to quickly find specific clauses in your contracts with just a single click, reducing the time spent searching the document manually.

Our AI technology can be used to extract data either upon import, as work progresses or when contracts are executed, covering every step of the contract's lifecycle. This helps legal teams capture key data from active or executed contracts, saving time to review contracts and speeding up contract processing times..

We’ve partnered with Zuva, an industry leader in contract analysis, to ensure accuracy and reliability.

In this article:

There are two ways to extract key contract data in LawVu. You can either initiate the contract extraction process at any point in its lifecycle, or you can opt to wait until the contract moves to the 'Executed' stage, which will automatically trigger the AI extraction.

To start, you'll need this permission enabled in your profile:

1. From the Overview tab, click on the 'Run extraction' button.

2, An alert will inform you that the extraction is in progress. You'll receive another notification when it is completed. (Contract Admins will also be notified).

3. Click on the 'Ready for Review' button to bring up the data review modal.

This modal displays the LawVu fields panel on the left, the contract document in the center, and the AI-extracted data on the right-hand side so you have a comprehensive view of all the information in one place.

The Extracted data panel displays the fields your Administrator has chosen to extract for this specific contract type.

The location of the extracted data is highlighted within the document. Clicking this within the document will highlight the relevant field in the Extracted data panel.

This works both ways, so clicking on a particular field in the Extracted data panel will also highlight the area in the contract where it appears. This saves time by allowing easy access to extracted information in the document without endless scrolling.

4. Use the 'Copy to Clipboard' option to copy the information from the Extracted data panel to the LawVu fields.

5. Once you are happy with the review, you can toggle the 'Complete review' button.

When a contract is marked as complete, the status in the grid will change to reflect that.

Note that when a new contract version is uploaded, the previously extracted data is reset, allowing you to initiate extraction once more.

The AI extraction starts automatically when the contract is moved to Executed stage.

To learn how to move a contract to executed, please check this article.

The process is similar to the one above, the key distinction being that the extraction is automatically triggered without any user input.

3. Filter the 'Data Review' column on 'Ready for Review' to see which contracts need your attention. For easy access, save this view under your saved views.

Administrators can keep track of all the extractions that are performed by users in their organization if they have these notifications switched on within their notification settings. When an extraction is completed, a notification will be sent to them by email, app, or both.

You can conveniently monitor the contracts you need to review by saving them in a saved view that you can pin as one of your Hub's widgets. Upon logging into LawVu, you'll find the saved view on your Home screen, eliminating the need to navigate to another page.

Access all the contracts from there to swiftly start reviewing them. To see a demonstration, refer to this animation:

For a breakdown of the steps:

a. Create your saved view for the contracts you need to review by filtering on 'Ready for review' in the Data Review column.

b. Add the newly created saved view to your Hub.

c. Easily access your contracts that need a review from your Hub.