Announcing a Henchman x TechForLegal Partnership: End-to-end Solutions for the Legal Field
TechForLegal and Henchman are glad to announce a partnership dedicated to transforming legal teams’ workspaces for the better. With our common goal, we will strive to work towards valuable solutions for our clients in the legal field through a collaborative offering. In this blog, we will explain the added value of this partnership and what it could mean for you.
Henchman, the fastest contract drafting experience ever made
Henchman, as you might have guessed, is a contract drafting tool, which means the tool retrieves all contracts you have stored in your organization’s database. This is especially helpful because the tool even retrieves contracts when they are scattered and stored in different folders. Essentially, the tool extracts and categorizes the clauses and definitions you and your colleagues have used in the past for these contracts.
You can then search for them based on party name, type of contract, length, drafting date, or specific words in a clause. Henchman also highlights the differences for you between the paragraph you are using in your draft and the paragraph of a similar previously used clause Henchman suggested.
All of these functionalities are provided to you without the need to leave your trusted Microsoft Word environment. The Henchman tool is namely a Word Add-in, which means that the system functions within Word itself.
Essentially, you can look for clauses which you have used in previous contracts or Henchman can suggest them for you, and if you found a clause you would like to re-use you can just drag and drop it in the current contract you’re drafting in the Word file.
The benefits of Henchman
· A shared clause library for your organization. This means that you don’t have to ask your colleagues anymore if they ever drafted a similar contract. With Henchman, you can instantly access the clauses your colleagues used in the past.
· A simple and efficient way to browse your contracts for clauses you might need. You can search for them yourself or you can just drag and drop your current clause in Henchman and similar clauses will be suggested.
· No need to open several Word files anymore to find the clause you’re looking for and draft your current contract. With Henchman, you can do all of that by just opening one Word screen.
· No need to manually input clauses in the Henchman system. You can just connect your database and Henchman’s AI system will recognize the contracts for you and sync the database instantly.
How your company can benefit from our partnership
We bring the best contract drafting tool on the market — Henchman — to you and combine it with our experience at TechForLegal with intelligent process and workflow automation. By combining our strengths, we can provide you with the end-to-end solution your organization needs.
Drafting a contract is often a collaborative effort of legal counsels with expertise in different legal fields, for example IP and corporate law. However, sometimes, you also want input from different departments within you organization before you handover the contract to your clients.
This is where TechForLegal comes in. We can automate these approval process for you and improve cross-functional collaboration. However, it doesn’t stop here. We can build you an entire end-to-end Contract Lifecycle Management system (CLM) completely tailored to your needs, one place for drafting, negotiating, concluding, signing, archiving and managing the contract.
Our team of legal and IT experts will work in collaboration with you to build a suited platform for your organization and since we make use of low code systems, we can do it in record time and with a lower initial investment in comparison to traditional software solutions.
Want to know more about our partnership and how it can bring more efficiency to you? Reach out to us via info@techforlegal.eu. 📩
