ThoughtRiver is an integrated contract intelligence and workflow management platform providing automated metadata capture, evaluation, workflow/governance and insight.
ThoughtRiver
Intelligent Contract Pre-screening
Automated and bespoke interrogation of your contracts, providing a risk assessment and recommended next steps.
Telephone: +44 (0)1223 423 444
Address :
Merlin House Merlin Place Milton Road Cambridge
Post Code: CB4 0DP
Country: United Kingdom
Website: http://www.thoughtriver.com
Membership Type: Corporate 21-50
ThoughtRiver addresses a fundamental problem for lawyers: you simply don’t know which part of a contract to focus on without reading it all.
Our pre-screening technology automates this review process by
- reading the contract,
- answering key questions,
- suggesting what to do next.
It works by deploying a sophisticated machine learning and natural language processing (NLP) engine which understands the contract at the sentence level. The Lexible framework then asks and answers thousands of individual questions of that contract to build a detailed picture of the obligations and rights within it.
These answers are then compared against your own playbook to produce a bespoke risk assessment and a decision on next steps for each contract.
Most commercial agreements are reviewed within minutes.
Headquartered in London and Cambridge, with offices in New Zealand and Singapore,ThoughtRiver draws on the expertise of experienced industry lawyers, leading-edge computational linguists and a customer-focused commercial team.
You’ve likely heard of the importance of sales velocity. However, there’s another metric that’s arguably even more crucial: deal velocity.
Sales velocity—a measurement of how quickly a deal moves through your pipeline—has long been considered a crucial metric. But sales velocity alone doesn't tell the whole story. The time taken by the contract review process, also known as deal...
15-04-2021
For too long, inside counsel has been plagued by inefficient, overly time-consuming contracting processes. Legal operations can offer a better approach—contract acceleration.
26-03-2021
When it comes to contract negotiation, speed is of the essence. Re-think inefficient, time-consuming manual legal review and let contract acceleration take your contracting to the next level.
25-03-2021
Manual legal review hinders progress, eats into margins, and kills deals. It’s time for lawyers to adopt a smarter approach to contracting.
19-03-2021
How contract analytics can help inside counsel balance the demand for speed with the need for accuracy.
17-03-2021
Contract negotiation is a lengthy, overly complex process. But adopting contract acceleration helps lawyers gain more control, reduce risk and close deals faster.
11-03-2021
How in-house lawyers can help the business to contract with greater accuracy and efficiency so the full value of every deal is realised.
25-02-2021
Learn how progressive businesses are using technology to overcome the age-old problems of delays.
19-02-2021
Is a 5 year PQE lawyer worth double their 2.5 year PQE self? The answer is almost certainly yes, and perhaps triple that value if they can find a way to be more experienced than their years. Why is experience so important?
12-02-2021
How inside counsel can use technology to reduce risk and improve speed.
12-02-2021
ThoughtRiver, the first mover and market leader in pre-signature contract review, today launches its Contract Acceleration Platform (CAP). ThoughtRiver’s CAP enables in-house legal teams and the law firms serving them to contract faster, with less risk.
11-02-2021
How contract analytics can help inside counsel balance the demand for speed with the need for accuracy.
09-02-2021
The relationship between a sales organisation and its legal team has always been an important one. Any good sales professional should know the value of a strong legal partner and how this relationship can be critical in closing deals.
21-12-2020
Picture the scene. A quarterly board meeting at a mid-sized or large business, with leadership and all the ‘heads of’ gathered round the (potentially virtual) table. Head of Sales speaks and presents a graph showing significant growth in the number of sales over the quarter, and presents a detailed forecast of future deals all pulled from their CRM system. Contented murmurings all round....
11-12-2020
Many things aren’t represented accurately on the big (or small) screen. Poker games rarely end with eight players going all in with increasingly superb hands. Hospitals, sadly, aren’t exclusively filled with wise-cracking and devastatingly good-looking medical staff. Yet perhaps one of the most egregious is the representation of the lawyer’s day-to-day life.
09-12-2020
Discover three example scenarios where rapid insight is crucial in reacting quickly to external factors.
16-09-2020
There are many reasons why a corporate legal department might decide to embark on a digital transformation journey, and a number of different ways to navigate that journey once embarked upon. This article aims to explore a sensible approach to define that journey into manageable and achievable steps. It is extremely important to approach transformation projects with a powerful and far-reaching...
09-09-2020
ThoughtRiver, the market leader in automated contract review and pre-screening, has today announced $10M (£7.5M) in Series A funding. The round is led by Octopus Ventures, a leading European venture capital firm which invests in technology innovation leaders.
08-09-2020
Lawyers and law firms have spent many years preparing long-term transformation plans, as the industry adjusts to advances in technology and working practices. Not many decision-makers, however, could be accused of standing well ahead of the curve. Instead, planning has often been focused on not being left behind by the accelerating pace of change, while many employees and executives dug in...
08-07-2020
Speed up procurement to rapidly realise savings…
In the same way that sales leaders are targeted with increasing sales and maximising revenues, procurement leaders are targeted with reducing costs and managing risk. These two functions are vital to all organisations so in this article I would like to explore the importance of deal velocity for procurement contracts and how that drives “...
25-06-2020
Pages
Virtual
28 April 2021
The legal team is the ultimate guardian of business risk during deal negotiations. However, the business's need for speed, and the legal team's need for risk management inadvertently creates friction.
13/04/2021
Legal Product Consultant, Work From Home
We have an opening for a Legal Product Consultant to join our Legal Product Team and work at the cutting-edge of law and...
Location:
Salary Range:
13/04/2021
Customer Success Manager, USA
ThoughtRiver, the market leader in Contract Acceleration, is a high growth, deep tech SAAS company that is disrupting legal...
Location:
Salary Range:
13/04/2021
Lexible Legal Engineer
We're looking for an experienced and collaborative legal professional who wants to bring their legal skills and...
Location: Cambridge
Salary Range:
13/04/2021
Integration Developer
We’re looking for an Integrations Engineer to join our Cambridge based team focusing on working with our partners to extend...
Location: Cambridge
Salary Range:
Guest blog by ThoughtRiver
Discover the formula for measuring deal velocity, learn how it can be improved, and how to ensure sales, procurement and legal are always aligned.
11-12-2020
