Last Updated
Overview
ThoughtRiver provides an Artificial Intelligence (AI)-powered platform to accelerate pre-signature contract review, helping legal teams increase deal velocity. While its customization options may be limited for highly specialized needs, the software’s accuracy rate and seamless integration into existing workflows make it a compelling choice for streamlining legal operations.
ThoughtRiver Specifications
- Document Management
- Document Automation/Assembly
- Workflow Automation
- Compliance & Security Features
ThoughtRiver Features
Agentic Assistant
Lexible® Assistant acts as an on-demand legal co-pilot, providing instant, deeply grounded answers to specific contract questions. It can also generate redlines in real-time, allowing users to resolve queries and maintain momentum without having to pause the negotiation process.
Auto-Redline
This feature automatically applies your organization's legal playbook to contracts, generating consistent, accurate redlines. Built on over nine years of legal training, it prepares documents for negotiation in record time, ensuring that standard edits are handled efficiently before lawyer intervention.
Legal Insights
ThoughtRiver can analyze an entire contract portfolio in minutes, not days. This capability allows teams to uncover trends, manage systemic risks, and make data-driven decisions by identifying key terms and obligations across thousands of agreements simultaneously for comprehensive portfolio analysis.
AI Contract Review
The platform leverages an AI model pre-trained with over 4,150 legal concepts to analyze agreements with great accuracy. It precisely identifies risks, opportunities, and necessary clause edits based on your business’s unique legal and commercial standards, ensuring a thorough initial assessment.
Pros And Cons of ThoughtRiver
Pros
Accelerates contract review times
Integrates directly into Microsoft Word
Automates playbook and redline application
Cons
Customization options may be limited
Requires initial playbook configuration
ThoughtRiver Reviews
Total 1 reviews
4
All reviews are from verified customers
Rating Distribution
5
Stars0%
4
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3
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2
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1
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Share your experience
Yelaina B.
Legal Services, N/A employees
“Faster contract review tool”
Pros
It has helped speed up my contract review process and made things more efficient overall. That said, I do think there are still a few areas that could be improved to make it even better.
Cons
The AI tool for contract analysis has potential but I found it a bit difficult to train. Sometimes it misses key clauses or important issues which means I still have to double-check everything. Customizing the software to fit my business needs also takes effort and the interface could be improved to make things easier to navigate.
Rating Distribution
Ease of use
6
Value for money
8
Customer Support
9
Functionality
8
Frequently Asked Questions
What other apps does ThoughtRiver integrate with?
The software integrates seamlessly with multiple systems and platforms, including iManage Work, Microsoft 365, and HighQ.
What types of pricing plans does ThoughtRiver offer?
The platform offers two pricing plans: Professional starting at £15,000/year and Enterprise starting at £30,000/year. A 28-day free trial is also available for evaluation. You can also request a personalized ThoughtRiver price quote now.
Does ThoughtRiver have a mobile application?
No, it does not have a mobile app.
Does ThoughtRiver offer an API?
Yes, ThoughtRiver software provides an API.
What language does ThoughtRiver support?
The platform is primarily available in English.
Who are the typical users of ThoughtRiver?
Businesses across various industries, including professional services, private practice law firms, telecommunications, IT, and corporate security, benefit from ThoughtRiver features.
What level of support does ThoughtRiver offer?
The software offers chat and email support.