Simplifying contract reviews with AI
📰 OpenAI News
Ironclad uses GPT-4 to simplify contract reviews with AI-powered automation and redlining
Action Steps
- Implement AI-powered contract review tools like Ironclad's AI Assist
- Train AI models like GPT-4 on company-specific contract data
- Integrate AI functionality into existing contract workflows with human oversight
Who Needs to Know This
Legal teams and contract managers can benefit from Ironclad's AI Assist, which automates contract review and provides pre-approved clauses and language guidelines, increasing efficiency and reducing review time
Key Insight
💡 AI can significantly reduce contract review time and increase efficiency for legal teams
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🚀 Ironclad's AI Assist simplifies contract reviews with GPT-4 automation! 📊
Key Takeaways
Ironclad uses GPT-4 to simplify contract reviews with AI-powered automation and redlining
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# Simplifying contract reviews with AI | OpenAI
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Table of contents
* [A remarkable boost for legal teams](https://openai.com/index/ironclad#a-remarkable-boost-for-legal-teams)
* [A tipping point in the legal field](https://openai.com/index/ironclad#a-tipping-point-in-the-legal-field)
# Ironclad
Ironclad uses GPT‑4 to simplify the contract review process.
[View product](https://openai.com/index/gpt-4/)
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Ironclad is a contract lifecycle management platform used by companies to handle every type of contract workflow. Its founders believed that AI could revolutionize the way legal teams work on contracts. When Ironclad’s engineers started exploring OpenAI’s technology, they immediately saw the potential to bring more of that vision to life.
“One of our legal engineers realized GPT‑4 could create convincing contract language,” said Cai GoGwilt, Ironclad’s Chief Architect. The team was most impressed with the level of control they could achieve.
> “What really piqued our interest was GPT-4’s ability to carefully follow instructions. We could use it to make minimal modifications to text, rather than completely rewriting it, which is critical to contract negotiations.”
Cai GoGwilt, Chief Architect of Ironclad
In March 2023, Ironclad launched a beta of its first generative AI application, AI Assist™. Developed using OpenAI technology, AI Assist™ empowers users to automate legal review by identifying and redlining irregularities in contracts. The product also provides pre-approved clauses and language guidelines based on company-specific AI Playbooks on the Ironclad platform, and supports ChatGPT‑style text prompting.
## A remarkable boost for legal teams
Ironclad’s goal in using AI has always been to help people do more, not to replace them with technology. GoGwilt recalled the initial excitement within his legal engineering team as they saw what OpenAI’s models could do for contracting. “There was the first moment of the team saying, ‘Wow, this is producing work at the level of a first-year associate,’” he said. The engineers quickly moved on to a prototype—and experienced another “wow” moment. “Integrating GPT‑4 into our contract editor and just seeing how seamless and powerful it felt made it pretty easy for us to invest further into productizing and getting it to customers,” GoGwilt added.
Ironclad ported AI Assist™ to GPT‑4 as soon as it launched in April 2023. Human oversight is baked into the workflow, giving users the ability to accept or reject all automated suggestions, and turn AI functionality off entirely as appropriate. In addition, Ironclad customers can be assured that their data is private; by default, OpenAI will not use data submitted via its API to train or improve its models.
> “The results with AI Assist™ have been beyond what we could even have imagined. An initial pass at contract redlining usually takes about 40 minutes. With AI Assist™, we’re seeing users complete them in two minutes.”
Jason Boehmig, Ironclad CEO
[Skip to main content](https://openai.com/index/ironclad#main)
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* Research
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* Business
* Developers
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* [Foundation(opens in a new window)](https://openaifoundation.org/)
[Try ChatGPT(opens in a new window)](https://chatgpt.com/)Login
OpenAI
Table of contents
* [A remarkable boost for legal teams](https://openai.com/index/ironclad#a-remarkable-boost-for-legal-teams)
* [A tipping point in the legal field](https://openai.com/index/ironclad#a-tipping-point-in-the-legal-field)
# Ironclad
Ironclad uses GPT‑4 to simplify the contract review process.
[View product](https://openai.com/index/gpt-4/)
Loading…
Share
Ironclad is a contract lifecycle management platform used by companies to handle every type of contract workflow. Its founders believed that AI could revolutionize the way legal teams work on contracts. When Ironclad’s engineers started exploring OpenAI’s technology, they immediately saw the potential to bring more of that vision to life.
“One of our legal engineers realized GPT‑4 could create convincing contract language,” said Cai GoGwilt, Ironclad’s Chief Architect. The team was most impressed with the level of control they could achieve.
> “What really piqued our interest was GPT-4’s ability to carefully follow instructions. We could use it to make minimal modifications to text, rather than completely rewriting it, which is critical to contract negotiations.”
Cai GoGwilt, Chief Architect of Ironclad
In March 2023, Ironclad launched a beta of its first generative AI application, AI Assist™. Developed using OpenAI technology, AI Assist™ empowers users to automate legal review by identifying and redlining irregularities in contracts. The product also provides pre-approved clauses and language guidelines based on company-specific AI Playbooks on the Ironclad platform, and supports ChatGPT‑style text prompting.
## A remarkable boost for legal teams
Ironclad’s goal in using AI has always been to help people do more, not to replace them with technology. GoGwilt recalled the initial excitement within his legal engineering team as they saw what OpenAI’s models could do for contracting. “There was the first moment of the team saying, ‘Wow, this is producing work at the level of a first-year associate,’” he said. The engineers quickly moved on to a prototype—and experienced another “wow” moment. “Integrating GPT‑4 into our contract editor and just seeing how seamless and powerful it felt made it pretty easy for us to invest further into productizing and getting it to customers,” GoGwilt added.
Ironclad ported AI Assist™ to GPT‑4 as soon as it launched in April 2023. Human oversight is baked into the workflow, giving users the ability to accept or reject all automated suggestions, and turn AI functionality off entirely as appropriate. In addition, Ironclad customers can be assured that their data is private; by default, OpenAI will not use data submitted via its API to train or improve its models.
> “The results with AI Assist™ have been beyond what we could even have imagined. An initial pass at contract redlining usually takes about 40 minutes. With AI Assist™, we’re seeing users complete them in two minutes.”
Jason Boehmig, Ironclad CEO
DeepCamp AI