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ThoughtRiver
ThoughtRiver
thoughtriver.com

Locations

England, UK · London, UK · Streetly End, Cambridge CB21 4RP, UK · Mile End, London, UK · Kingston Vale, London SW15, UK

industry

Legal

Size

11-50 employees

Stage

Series A

founded in

2016

Market leaders in contract acceleration. The problem with contract negotiation is that it is slow and inefficient, and therefore expensive. Each individual lawyer can waste hundreds of hours per year reading every word in every contract when most of the language is common and represents little or no risk. Once a lawyer has read the contract and understood the key issues, managing those issues to resolution is manual, time-consuming, and error-prone. Creating an issue list each time is difficult, time-consuming, and hard to maintain, so keeping stakeholders informed and collaborating on issues with colleagues is handled via email and phone calls. As a result, negotiations often descend into ‘redlining battles’ and interminable iterations of back and forth. The key to efficient contracting is the rapid discovery of issues and effective management of the negotiation around those issues. Our technology uses AI to identify issues based on your playbook, previously signed agreements, and

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