Doctopus: The Legal & Compliance Superhero You Didn't Know You Needed

Hi there! Welcome back to the Doctopus use case series! Today we’ll introduce how our tool can tackle the next industry: legal and compliance.

Our fellows working in legal and compliance must have felt like drowning in a sea of legalese at some point in their careers. In fact, preparing a case can take several weeks to months. 

They have to work with multiple complex documents—contracts, regulatory codes, case law, and more—every day, which are often lengthy and require extra focus and effort to digest. 

This leads to an increasing need for automation tools in the legal and compliance field.

Let this article introduce you to Doctopus (no, it doesn't dispense ink) to help you conquer those documents.

How Doctopus Cuts Through the Legal Jargon

A corporate lawyer is working on a complex merger agreement for their client. The agreement is nearly a hundred pages long. The lawyer needs to identify key provisions related to intellectual property rights, financial liabilities, and termination clauses.

The lawyer uploads the merger agreement to Doctopus (note that it supports a variety of document formats, from PDFs to PowerPoints). Instantly, the tool provides a summary of the document.

So, instead of spending hours poring over legalese, the lawyer can grasp what the document is about right away.

Using Doctopus’s conversational AI interface, the lawyer can ask questions in plain language together with utilizing the suggested questions for further analysis. Doctopus scans the uploaded file and provides concise answers. 

This process saves the lawyer hours of manual searching and allows them to focus on analyzing the legal implications and crafting a strong negotiation strategy.

Moreover, while interacting with the document, the lawyer can add Doctopus’s answers to personal notes and edit them right on the platform by clicking the button Add to in the upper right of each answer.

This will help so much in capturing knowledge as well as organizing the research for effortless case building.

As you’ve seen, here are some of the amazing things Doctopus can do for people working in the legal & compliance field:

• Summarize documents: Get the gist of a contract, policy, or regulation quickly and easily.

• Answer your questions: Doctopus acts like a super-powered FAQ, providing answers to your inquiries about uploaded documents.

• Find specific information: Need a particular date, definition, or clause? Doctopus can pinpoint it for you in a flash.

• Explain legal jargon: Confused by legalese? Doctopus can translate it to make complex concepts clear.

• Create personalized notes: Capture key points and insights by adding answers directly to your personal notes, all within Doctopus. 

You can try the tool for free with our sample Legal use case. Check it out right here on Doctopus’s Solutions page. 

How Doctopus Can Fit into Your Legal and Compliance Workflow

By utilizing Doctopus’s features, your legal and compliance team can work more efficiently. Let’s look at the benefits the tool provides up close:

• Reduced review time: Rapidly scans and summarizes complex legal documents, saving lawyers and compliance officers hours of manual review.

• Increased accuracy: AI-powered analysis pinpoints key details within documents, minimizing the risk of human error during legal research and compliance checks.

• Enhanced legal expertise: Doctopus acts as a virtual research assistant, allowing legal professionals to ask targeted questions and uncover relevant information from the uploaded document.

• Improved client service: Faster document review and deeper legal insights empower lawyers to deliver efficient and effective legal services to their clients.

Here's how Doctopus can fit into your legal and compliance workflow:

• Upload documents: Upload contracts, policies, and other relevant documents to Doctopus.

• Ask questions: Have a question about a document? Doctopus is here to answer!

• Review & analyze: Doctopus can help you identify key points, potential risks and ensure nothing gets missed.

• Collaborate & share: Share the insights you’ve got with your team.

Doctopus is the legal and compliance superhero you never knew you needed. It's time to break free from the shackles of document overload and embrace a new era of legal efficiency.

Ready to unleash the power of Doctopus? Try it today!