BRYTER launches new AI extraction tool, Extract Agent, that enables legal teams to use AI contract review and data extraction functionality across a wider range of use cases.
BRYTER, the legal automation company, today launches a new data extraction tool: the BRYTER Extract Agent. By combining large language models with their own AI, BRYTER’s Extract Agent expands the range of use cases suitable for data extraction by making it easier for law firms and corporate legal teams to use this technology.
Traditionally, contract review and extraction software was only suitable for large deals and transactions given the high up-front investment needed to configure and train the extraction software for the relevant documents.
BRYTER’s new AI Extract Agent changes this. BRYTER’s software can be used out-of-the-box with little effort and minimal configuration: enabling law firms and corporate legal departments to leverage AI-powered extraction in a wider range of use cases, saving thousands of hours previously spent manually reviewing contracts and other documents.
BRYTER’s AI reviews contracts or other documents (like claims or court documents), extracts the required information (for example, clauses, dates or values), validates the information and presents the results in table/grid structure for analysis.
BRYTER customers can export the data or use it within BRYTER’s no-code platform where the data can be used within workflows, for example, rule-based follow-up questions, document generation or repapering. This is where the real value lies: combining the power of AI extraction within the context of existing legal workflows.
There has been a lot of interest in legal AI, but there has also been some disappointment as the realization dawns: ChatGPT for lawyers isn’t enough. Innovation and IT teams have real use cases that need to be solved with a range of tools: combining AI with workflows. That’s where BRYTER comes in. Using our new Extract Agent, together with our no-code platform, law firms and legal teams can solve real business problem, like repapering, end-to-end.
Michael Grupp, CEO, BRYTER
This announcement comes only two months after BRYTER launched its new product suite: AI Agents, which is already being used by global brands including Bertelsmann, one of the world’s largest media conglomerates with subsidiaries including Penguin Random House and Arvato.
About BRYTER
BRYTER is the AI and No-code Platform for Legal and Compliance. BRYTER enables law firms and in-house legal and compliance teams to work more efficiently.
By combining the power of AI with the precision of workflows, BRYTER’s two products — the No-code Platform and AI Agents — improve productivity and make services accessible to business partners.
Using BRYTER’s No-code Platform, legal and compliance professionals automate workflows — from document automation to signatory approvals. Using BRYTER’s AI Agents, teams can be more productive by automating everything from replying to commercial requests to completing infosec questionnaires.
Global brands like McDonald’s and ING Bank, and law firms like Ashurst and Linklaters, use BRYTER every day to improve efficiencies and scale their services.
BRYTER is a remote-first company with offices in New York, London and Frankfurt.