Draftwise

Draftwise (draftwise.com) is a legal technology company that offers AI-powered solutions for contract drafting, review, and negotiation. Their main product is an AI platform designed to help lawyers and law firms draft, review, and markup contracts more efficiently by leveraging the firm's own deal history and legal knowledge. The AI product, known as the DraftWise AI Associate, acts as a drafting agent that automates and streamlines the process of creating and negotiating legal documents. The target audience for Draftwise's AI product is primarily lawyers and legal professionals, especially those working in law firms who handle contract work and want to reduce manual, repetitive tasks while improving accuracy and consistency.

Draftwise is an AI-powered contract drafting and negotiation platform designed for law firms and in-house legal teams. Its main features and functions include: - AI-assisted drafting: Drafts, reads, redlines, researches, and reasons like a team member, applying firm-specific preferences and standards to every contract. - Precedent-based drafting: Generates client-ready drafts using the most relevant internal precedents and legal directions. - Deep document research: Searches and analyzes millions of documents in seconds to surface and apply the best negotiated language from past deals. - Review automation: Reads redlines and comments, applies patterns from past deals, and drafts responses based on precedent. - Lawyer-quality edits: Produces precise, accurate, and negotiation-ready redlines. - Guideline and playbook integration: Allows creation, sharing, and review against organizational guidelines, checklists, and playbooks. - Negotiation insights: Compares terms from past negotiations, organized by client, counterparty, or industry, to guide current negotiations. - Market benchmarking: Compares revisions against EDGAR to ensure positions are market-tested and defensible. - Risk analysis: Extracts key insights from contracts to uncover hidden risks and flag negotiation traps. - Security and privacy: SOC 2 Type II & ISO 27001 certified, GDPR compliant, and ensures data privacy by not training public models on client data. Draftwise is built to help legal professionals work smarter, faster, and with higher quality, while maintaining strict security and privacy standards.

Draftwise primarily supports the following practice areas: Corporate, Commercial Contracts, Banking or Financial Services, Real Estate, and Employment Law. Key features and functions of Draftwise: - AI-powered Microsoft Word add-in for contract drafting, review, and negotiation - Analyzes a firm’s own document library to suggest clauses and language based on precedent and firm preferences - Clause suggestion and replacement to maintain consistency and quality - Precedent search across previous agreements by keyword, clause type, party name, or context - In-Word integration, so users never leave their drafting environment - Clause-by-clause redlining and version comparison for negotiation tracking - High security and compliance standards (SOC 2 Type II, ISO 27001, GDPR) - On-premises and cloud deployment options - Integrates with major DMS providers (iManage, NetDocuments, Opentext, SharePoint) - Does not provide caselaw or secondary source research; relies on firm’s own documents - Designed for attorneys with substantial contract drafting/review needs and a large document repository.

Draftwise is SOC 2 Type II and ISO 27001 certified, and is GDPR compliant. There is no evidence that Draftwise is HIPAA or CCPA compliant.

Draftwise's Information Security Policy states that all company information is classified by sensitivity, and protection measures are based on this classification. Employees must follow data retention durations as defined in their Data Retention Policy and are required to access information only for legitimate business needs. Information must not be divulged, copied, released, sold, loaned, altered, or destroyed without valid business purpose or authorization. Confidentiality, integrity, and availability of information must be protected according to its classification. Items containing company information must be discarded in line with classification and retention requirements. The policy is reviewed at least annually. No explicit mention was found of "No data retention," "Client data not used for training," "On-prem deployment," "Private cloud," or "Customer-managed encryption keys" in the policy page reviewed.