360 Business Law launches AI contract review triage service

UK-founded virtual legal services provider 360 Business Law has unveiled a rebuilt case management system that integrates with Lexical Labs Tiro AI to provide customers with an automated AI contract review service.

LawLink integrates with Microsoft Word, Teams, Outlook, Excel, Jira and Salesforce so that clients can submit legal matters directly from the applications they use. It summarises the key terms of the contract and provides a RAG – red, amber, green – triage system. Green is fully AI reviewed and doesn’t need to be checked by a lawyer, amber may need some adjustments, and red is distributed to 360’s lawyers with the appropriate specialism and the right jurisdiction.

While many law firms are looking to bill AI review time based on the estimated hours the work would take a lawyer, applying the lawyer’s hourly rate, 360 Business Law says it will charge for AI usage at cost with a modest margin—for instance, £75.00 for a Master Services Agreement – and only billing for lawyer time when reviewing complex or medium/high risk areas.

Automatic Submission Module

360’s Automatic Submission Module is worth looking at in more detail. It reviews the document against the client’s customised playbook and pre-defined data points. The AI then automatically generates a RAG report based on its findings.

RED: High-risk clauses requiring thorough review by a lawyer
Amber: Moderate-risk clauses that may need adjustments
Green: Low-risk clauses or clauses that comply with the client’s standards

The AI flags areas of risk, recommends client-approved alternative clauses, and delivers a pre-reviewed contract to 360’s lawyers via the custom portal they use. By focusing on high-risk/medium risk or missing clauses, 360 says its lawyers can carry out their reviews more efficiently, saving both time and costs.

Alongside 360’s AI Review Service, it now offers a bespoke service to create Client Playbooks and AI Data Points tailored to an organisation’s specific requirements.

Speaking to Legal IT Insider about the new offering, founder and CEO Robert Taylor said: “We got this situation now where we can create different levels of service to the client. So we can create a hybrid service where documents will go back to the client automatically or go off to the lawyers and it can be at the choice of the client. Or we can do things like take a look at our signed contracts and start producing them key information such as ‘these are your renewal dates that are coming up.’”

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