LUCiD ENGEN
LUCiD ENGEN is a fast and reliable tool, built using industry leading Artificial Intelligence technologies to aid professionals in their document review activities. Lucid Engen will pre-process PDF documents and identify areas of interest, helping reduce the time required to process a document
Business Objectives
IMproved efficiency
Reduce time taken to look through important clauses in multi-paged contracts
RISK
mitigation
Use Natural Language Processing to understand meaning behind complicated clauses and reduce risk of misinterpretation
process
IMprovement
Automatic categorisation of documents and key data to enable allocation to best suited resource
Approach
Following an in-depth examination and analysis of the legal documentation review process in use within legal firms, physical copies of old and new legal documents were converted into digital formats using customized OCR (optical character recognition) techniques. An Exploratory Data Analysis (EDA) was then conducted on these documents to identify material keywords and clauses, and areas of interest.
Solution
A document review system that analyses OCR outputs using advanced Natural Language Processing algorithms, that is able to pick-up on nuances within sentences and anomalies within a contract. These areas of interest are then flagged for review, cutting down on the time required to process legal documents.