20 September 2019 at 07:45 BST

Take me to the ThoughtRiver

Legal AI company grows presence in UK, US and APAC with new appointment and announces new service to increase business intelligence during contract review.

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Legal tech company ThoughtRiver, an intelligent legal pre-screening company, has announced the appointment of Richard Cobb as vice-president of sales, as part of the company’s continuing international growth.

Doubled headcount

The Cambridge-based AI firm has experienced significant pick up across the UK, US, and APAC markets, and doubled headcount across the business over the past year. Mr Cobb joins from Intralinks, the leading financial technology provider for the global banking, deal making and capital markets communities, where he spent eleven years, latterly as sales director, EMEA. Mr Cobb commented “The deployment of AI tech in the legal sector is going to accelerate and be key to new efficiencies in global business. ThoughtRiver is at the cutting edge of new developments in the space.” The expansion and appointment comes as ThoughtRiver announces an integration with Microsoft Tableau, to increase its business intelligence and data visualisation capabilities. The new integration offers users dashboards of data analytics and helps to visualise the risks and positions taken in the client’s contracts and legal documents. By combining their pre-screening software with this new data analytics capability, ThoughtRiver are extending their usage from mainly pre-signature contracts into the exploration of legacy contracts for business insight.

Contracts simplification

ThoughtRiver says it is focused on solutions towards an extensive and comprehensive contract review platform to meet several use cases. The new integration follows the company’s recent unveiling of Lexible contract knowledge tree that underpins much of the ThoughtRiver intelligence, and has the standardisation and digitisation of all contracts as its goal. Tim Pullan, ceo of ThoughtRiver, added “It’s a real time of momentum for us, since our launch of Lexible earlier this year, as well as partnerships and customer announcements with companies such as Eversheds Sutherland and G4S. We’ve seen so much demand for simplification in the contracts space.”

 
   
 
 
 

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