Our LegalTech Soapbox series is where we put the spotlight on #LegalTech vendors that we think could benefit the legal fraternity and the broader network.
We’re talking to Eliot Benzecrit, Director of Avvoka, a next generation document automation tool, in episode 6 of the LegalTech Soapbox series. Eliot tells us how it all started and how Avvoka is the smart choice for your legal department.
1. Hi Eliot, tell us the story behind Avvoka!
In 2016 I was a junior M&A lawyer, often working on due diligence exercises for clients. I’d be speaking to GCs and in-house legal teams and was struck by how manual their contracting process was, even though most businesses had pretty standard-form terms. Although document automation had existed for some time, most tools required users to learn to code, and so was preserved for chunky transaction documents by law firms. Myself and another lawyer (and co-founder) set about building a no-code automation tool that anyone could grasp – that’s how Avvoka came about.
2. What are the services / products that Avvoka provides?
These days, we describe ourselves as an end-to-end automation tool. We allow users to rapidly create automated contract templates, execute approval workflows and collaborate live on the documents with colleagues and counterparties. Our big mantra is making contract data as structured as possible, so that legal teams have as much information at their fingertips about what’s included in their contracts and how they’re being negotiated.
3. How does Avvoka help optimise the daily operations of an in-house legal team?
By making the creation, approval, negotiation and execution of contracts as fast, audited and transparent as possible.
4. What do you believe will be the most significant change in how in-house legal teams use technology in the next 10 years?
I think LegalTech tools will be making much more subjective choices for their users; AI might not only tell you if a particular clause is in a contract or not, it will tell you whether it’s acceptable from a risk appetite and suggest the fallback drafting. Real robotic lawyering!
Intrigued? They offer a 14-day free trial so you could get a taste of smarter and faster contracting. Find out more here.
KorumLegal is a boutique legal consultancy committed to providing value innovation in legal service delivery. The legal services industry is continuing to change with ‘NewLaw’ – and clients are seeking more innovative and cost-effective solutions without compromise on experience and quality.
