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A legal business is revolutionizing its pricing model by implementing a small mark-up on AI services, aiming to make legal assistance more accessible. The 360 Law Group has integrated Tiro AI, a contract review system from Lexical Labs, into its LawLink case management system. This integration allows clients to submit legal matters through familiar applications, streamlining the review process for contracts.
The AI system evaluates contracts using a risk assessment framework, determining when human legal input is necessary. This innovative approach not only reduces costs for clients but also opens new opportunities for lawyers to engage with complex cases. By charging clients based on AI usage rather than traditional high fees, the firm aims to attract a broader audience and enhance the overall efficiency of legal services.
• 360 Law Group offers AI services with a small mark-up for clients.
• Tiro AI enhances contract review efficiency through risk assessment.
AI is utilized to automate contract reviews, making legal services more efficient.
The contract review system assesses documents against customized playbooks to identify risks.
A red-amber-green risk system highlights areas needing human legal input during reviews.
360 Law Group integrates AI to provide affordable legal services with a unique pricing model.
Lexical Labs co-founded Tiro AI, which enhances contract review processes for legal firms.
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