June 06, 2024

Deal Data Demystified: How Litera’s Foundation Dragon Uses AI and Existing Law Firm Data to Arm Lawyers in Contract Negotiations (Haley Altman)

32 minutes

Litera’s Haley Altman visits the Technically Legal Podcast to discuss the company’s new software offering: Foundation Dragon–an app powered by artificial intelligence that helps legal professionals advise clients based on market insights drawn from their law firm’s existing data and prior deal points.

This is a repeat appearance for Haley. She was first on the podcast in 2018 to discuss the company she had recently launched called Doxly. Founded in 2016, Doxly is a cloud based app that helps automate processes involved in closing M&A deals. In 2019, Haley sold Doxly to Litera and she too joined Litera and currently serves as a strategic advisor to the company.

One of the initiatives in which Haley is heavily involved is the company's recent launch of an AI product called Foundation Dragon.

Foundation Dragon is an app that connects to a law firm’s document management systems and experience software and once connected, using GenAI, it compiles information from the software and enables lawyers to enter into contract negotiations from a position of strength.

For instance, using Foundation Dragon users can:

Learn what contractual positions opposing counsel starts with or has agreed to in the past
Provide industry standards for individual contract clauses; and
Enable users to find precedents across a law firm to figure out what terms colleagues are using

In addition to Foundation Dragon, Haley also shares insights for startups. Including the importance of understanding the implications of capital raises and the potential impact on future exits.

Learn more about Haley and if you're interested in learning more about Foundation Dragon go here.

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By Percipient - Chad Main

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