Legal automation company Bryter today (11 September) formally launches Extract Agent, which enables legal teams to use AI contract review and data extraction functionality across a wider range of use cases – plus combine it with Bryter’s workflow tools.
Extract Agent reviews contracts or other documents (like claims or court documents), extracts the required information (for example, clauses, dates or values), validates the information and presents the results in table / grid structure for analysis. Users can export the data or use it within Bryter’s no-code platform where the data can be used within workflows, for example rule-based follow up questions, document generation or repapering.
Bryter says that where contract review and extraction software was previously only suitable for large deals and transactions given the high up-front investment needed, by combining large language models with their own AI, Extract Agent removes the need to configure and train the extraction software.
The exported data can be used within Bryter’s no-code platform within workflows, for example rule-based follow up questions, document generation or repapering.
Michael Grupp, CEO of Bryter said: “There has been a lot of interest in legal AI, but there has also been some disappointment as the realization dawns: ChatGPT for lawyers isn’t enough. Innovation and IT teams have real use cases that need to be solved with a range of tools: combining AI with workflows. That’s where Bryter comes in. Using our new Extract Agent, together with our no-code platform, law firms and legal teams can solve real business problem, like repapering, end-to-end.”
This announcement comes two months after Bryter launched its new product suite: AI Agents, which is being used by global brands including media conglomerate Bertelsmann, which has subsidiaries including Penguin Random House and Arvato.
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