Law Insider Joins Forces with TermScout to Offer Subscribers AI-Driven Suite of Contract Review Tools

Law Insider, the leading provider of contract drafting tools, and TermScout, the AI-based contract data and review company, today announced a new partnership to offer Law Insider subscribers discounted Scout Plans, giving them full access to TermScout’s Public Contract Database and powerful AI contract review tools.

Contracting tools provide insights into legal documentation without the need for expensive billable hours and tedious back and forth, saving businesses hundreds of dollars an hour on lawyers. Under the partnership with TermsScout, more than 500,000 Law Insider subscribers can now use automated contract review tools to help maximize speed to revenue, quickly mitigate risks and increase efficiency for faster and more reliable results.

“We are always looking for ways to add value to our subscribers with best-in-class technologies,” said Preston Clark, CEO of Law Insider. “By partnering with TermScout, our subscribers will now be able to leverage the power of artificial intelligence to further improve their contract review process, making it more cost-effective and efficient and allowing them to focus on the tasks that matter most.”

Enterprise Suite of AI Contract Tools Now Available at a Premium Discount

Law Insider is the first-ever reseller of TermScout’s Scout Plans, where subscribers will now have access to:

• TermScout’s “Rare Clause Radar” - within seconds, flags any unique clauses present in a contract that benefit both parties involved in negotiations
• TermScout’s AI Legal Assistant - ask the chatbot any questions or concerns you may have about a contract and receive instant, reliable responses
• Term Sheets - obtain a condensed summary of each clause, along with an analysis of who the clause favors and the market data that supports it
• Standard playbooks - choose from a variety of standard contract options to compare your contract against

TermScout’s Scout Plans originally cost $129 for the first user and $49 for each user added to an account thereafter. Law Insider subscribers can now receive special pricing of $99 for the first user on any account. This is a 25% discount over the original cost of the tool.

“We are honored that Law Insider has partnered with us to be the first reseller of TermScout’s Scout Plans,” said Otto Hanson, CEO of TermScout. “Law Insider is a trusted resource for legal professionals around the world, with a vast network of hundreds of thousands of practitioners. This partnership gives us an opportunity to work together to help the legal industry negotiate better contracts in a streamlined, equitable manner.”

To learn more, visit termscout.com.

About Law Insider

Law Insider is a subscription-based contract database and resource center that helps over 500,000 lawyers and business owners draft and negotiate contracts more effectively. Learn more at lawinsider.com.

About TermScout

Founded in 2018, TermScout is the contract review network fixing how businesses make deals and consumers understand contracts. The company’s AI-powered platform provides insights and plain-English explanations to make contracts easier to understand, faster to sign, and fairer for all parties involved. Trained on the world’s largest human-reviewed contract dataset, the AI-powered, human-backed contract review platform lets users quickly understand what a contract means, identify red flags buried in fine print, and compare their paper against other companies to ensure best-in-class terms to reduce or eliminate negotiations. TermScout is backed by NFX, GroundUp Ventures, Techstars, HillTop Ventures, The LegalTech Fund, Bridge Investment Group and Underdog Labs. Learn more and try TermScout for free at termscout.com.

Contact Information

Rick Liebling

PR for TermScout

VSC for TermScout

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