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Wilson Sonsini Adds AI-Enabled, Fixed-Fee Commercial Contract Offering to Neuron Platform

Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and growth enterprises worldwide, has introduced an attorney-supervised, AI-enabled commercia...

Business Wire

PALO ALTO, Calif.: Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and growth enterprises worldwide, has introduced an attorney-supervised, AI-enabled commercial contracting offering for cloud services companies. Behind the fixed-fee offering is an AI agent tested by Wilson Sonsini, which on its own achieves an extraordinary accuracy of 92%, supporting the review of the firm’s commercial contracts attorneys. The commercial offering is the newest addition to Neuron, Wilson Sonsini’s next-generation proprietary software platform that streamlines, automates, and digitizes the typical legal processes along a start-up’s journey—from formation to exit.

Addressing Client Pain Points

Wilson Sonsini designed this offering to enable clients to benefit from the firm’s expertise in customizing and negotiating commercial agreements, which are of vital importance to cloud services companies that rely heavily on such agreements to conduct business with their customers. With over 40% of in-house counsel at technology companies stating that contract-related tasks occupy more than half of their day, contract review is a major pain point for clients.

Wilson Sonsini’s new Neuron commercial offering provides a turnkey solution. Combining Wilson Sonsini’s comprehensive experience in commercial contracting with breakthrough AI agent technology, Neuron allows clients to enter into agreements faster, more accurately, and at predictable prices.

AI Efficiency with Wilson Sonsini Quality

The commercial offering’s AI review feature is driven by a proprietary playbook, and produces highly accurate and explainable revisions to commercial contracts. The AI agent is designed to aid the Wilson Sonsini attorneys who ultimately review each contract, in keeping with Neuron’s “lawyer-in-the-loop” model.

“We handle some of the most complex and strategic commercial contracting issues for our clients. With the application of this groundbreaking technology, we want to bring that same expertise to clients sooner in their lifecycles and help with the immediate challenges of getting to revenue,” said Jamie Clessuras, the leader of Wilson Sonsini’s Technology Transactions Department. “The Neuron fixed-fee commercial offering makes it easy for subscribing clients to negotiate quality agreements quickly based on the firm’s extensive technology transactions experience, all with predictable cost.”

Commitment to Innovation and Client Experience

Currently, the Neuron commercial offering assists with cloud services agreements. Wilson Sonsini is also developing the capability to draft and negotiate other commercial agreements including terms of service, non-disclosure agreements, and agreements for other verticals, with a focus on those that unlock revenue and enhance the client experience in the provision of the firm’s legal services.

In extensive testing undertaken by Wilson Sonsini, the AI agent used in the Neuron commercial offering—on its own—identified issues and applied playbook positions with a striking accuracy of 92%, and even that level stands to be enhanced and improved.

“This latest Neuron milestone represents Wilson Sonsini’s commitment to exceptional client experience, legal work of the highest quality, and combining white-glove, premium service with turnkey, state-of-the-art technology,” said David Wang, Chief Innovation Officer at Wilson Sonsini. “Generative AI is but the latest in a wave of technologies that are transforming the legal industry. But technology is only the ‘how,’ delivering a differentiated and superior client experience will always be our north star as we apply AI and other technologies to our service delivery and operations.”

Wilson Sonsini has secured top industry accolades for its groundbreaking work on the Neuron platform, earning a coveted spot among Fast Company's Top 10 Most Innovative Companies in North America, being named a “Legal Technology Trailblazer” by The National Law Journal, and winning the prestigious “Enabling Start-Up Success” award at Legalweek’s Leaders in Tech Law Awards.

About Wilson Sonsini Goodrich & Rosati

For more than 60 years, Wilson Sonsini’s services and legal disciplines have focused on addressing the principal challenges faced by the management and boards of directors of business enterprises. The firm is nationally recognized as a leading provider to growing and established clients seeking legal counsel in connection with sophisticated corporate and technology transactions; managing governance and enterprise-scale matters; assisting with intellectual property development, protection, and IP-driven transactions; representation in contested disputes; and/or advising on antitrust or other regulatory matters. With deep roots in Silicon Valley, Wilson Sonsini has more than 1,000 attorneys and 19 offices in 17 technology, business, and regulatory markets across the United States, China, and Europe. For more information, please visit www.wsgr.com.

Fonte: Business Wire

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