Wolters Kluwer Integrates Lawgood into VitalLaw
Wolters Kluwer Legal & Regulatory U.S. announced a partnership with Lawgood to integrate the VitalLaw Agreement & Clause Builder tool. This feature allows legal professionals to draft contracts more efficiently by utilizing crowdsourced market intelligence. Users can customize agreements based on jurisdiction and industry while accessing insights from similar attorneys. The new tool is expected to enhance productivity for attorneys facing cost pressures. Wolters Kluwer reported annual revenues of €4.8 billion and operates globally across various sectors.
- Integration of Lawgood enhances contract drafting efficiency.
- Allows customization of agreements based on user-specific needs.
- Crowdsourced insights from attorneys improve drafting accuracy.
- Expected to increase productivity amid cost pressures for legal professionals.
- None.
The new feature will save transactional attorneys in law firms hundreds of hours in contract drafting
NEW YORK, July 19, 2022 /PRNewswire/ -- Wolters Kluwer Legal & Regulatory U.S. today announced a collaborative partnership to provide VitalLaw customers with access to Lawgood, a platform that leverages crowdsourced market intelligence to drive efficiency in the contract drafting process. This feature on VitalLaw will be known as VitalLaw Agreement & Clause Builder powered by Lawgood, and will be available on five practice area dashboards across the platform, including Labor & Employment, Human Resources, Intellectual Property, Corporation Law & Governance, and Practice of Law.
With VitalLaw Agreement & Clause Builder powered by Lawgood, users can make pre-selections such as point of view, jurisdiction, and industry, while customizing specific clauses to develop an agreement template tailored to their needs and goals. Unique to the feature, users can see what selections and customizations attorneys in similar situations have made to their own agreements. For example, they can see that
"With VitalLaw Agreement & Clause Builder powered by Lawgood, our customers can benefit from the expertise of the practice attorneys that created the Lawgood agreement templates and customization options," said Ken Crutchfield, Vice President & General Manager of Legal Markets at Wolters Kluwer Legal & Regulatory U.S. "While legal professionals are often limited by cost pressures, adding this feature on VitalLaw will enable attorneys to do more with fewer resources, and we look forward to our customers' feedback on this new tool to enable a higher level of efficiency and productivity."
To access the latest feature, VitalLaw users will be able to link over directly to the Lawgood platform. Not only can users change clause language and favorability based on negotiating position and company, but also tap into crowdsourced market positions and trends, and find content vetted by lawyers from Am Law 100 firms.
"We're very excited to expand our partnership with Wolters Kluwer, a leading provider of legal solutions, in support of their vision to build the next generation of digital legal products," said William Moriarty, CEO and Co-founder of Lawgood. "VitalLaw Agreement & Clause Builder will bring an innovative drafting solution and practical resource to law firms and in-house teams alike."
Lawgood provides a seamless user experience requiring no need for tutorials or onboarding process, and helps lawyers make better contracts through a combination of crowdsourced data and decision support technology. With Lawgood, lawyers can draft and review contracts in minutes without having to rely on time-consuming research or costly practice resources.
To learn more, visit: https://www.wolterskluwer.com/en/solutions/vitallaw-law-firms/vitallaw-agreement-and-clause-builder
About Wolters Kluwer Legal & Regulatory U.S.
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2021 annual revenues of
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).
For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Twitter, Facebook, and YouTube.
MEDIA CONTACT:
Linda Gharib
Director, Brand & Communications
Wolters Kluwer Legal & Regulatory U.S.
Tel: +1 (646) 887-7962
Email: lrusmedia@wolterskluwer.com
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SOURCE Wolters Kluwer Legal & Regulatory U.S.
