Transactional lawyers often face challenges locating precedent deal data and extracting essential deal points, which can take 6-8 hours or more. Multiple steps and the involvement of various professionals complicate the process.
Litera’s Foundation Dragon addresses these issues by using GenAI to quickly extract deal points from firm documents, significantly reducing the time required for this task to just minutes. The platform consolidates all deals in one searchable location, allowing lawyers to quickly find pertinent information without needing external assistance.
Foundation Dragon is user-friendly and requires minimal onboarding effort. Users upload closing documents, and the system automatically extracts relevant deal points, generating a populated dashboard for easy verification.
The tool accommodates various document types and enables seamless integration with Litera’s experience management tool, Foundation, for enriched deal profiles and access to insights on market metrics. Overall, Foundation Dragon streamlines managing and leveraging deal data efficiently.
source: Above the Law
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