Bloomberg Law Enhances Contract Solutions with Intelligent Playbooks for Legal Teams

, /PRNewswire/ — Bloomberg Law today announced Intelligent Playbooks, a new key feature of Bloomberg Law Contract Solutions that sets a new standard in contract drafting and review. Playbooks with creation and compliance functionality capture and standardize institutional knowledge, enabling legal teams to apply consistent strategic positions across agreements, even during staff turnover.

Contract Solutions is an advanced AI-powered platform that transforms tedious contract work into a strategic advantage. By automating the most time-intensive aspects of drafting, reviewing, and negotiating contracts, Contract Solutions empowers in-house legal teams to focus on high-value work and align contracts with business objectives.

Creation functionality simplifies the process of building and managing playbooks for teams. With customizable options, playbooks can be created from scratch, built using templates, or uploaded in most common file formats. Consistent guidance is provided by embedding fallback positions and annotations to support team decision-making. Additionally, a playbook serves as a centralized knowledge base, standardizing legal expertise and ensuring company policies are consistently maintained and applied.

Playbook compliance tools streamline contract management and ensure adherence to company standards. With the ability to instantly compare contracts against established compliance benchmarks, playbook compliance tools identify areas of deviation efficiently. AI-generated alternatives simplify the process of amending non-compliant clauses, providing precise solutions tailored to meet compliance requirements. Additionally, the use of redlining enables teams to easily verify changes and seamlessly implement compliant revisions, fostering accuracy and consistency while reducing manual workload.

Contract Solutions provides the tools to boost legal departments’ efficiency, minimize risk, and stay ahead of the competition. With smarter contract solutions, legal teams can scale operations seamlessly, handling higher transaction volumes with fewer resources. Contract Solutions streamlines negotiation cycles, ensures consistent legal positions, and accelerates deal closures, helping teams drive business forward. It also mitigates risk by aligning contracts with organizational policies and risk tolerance, while preserving organizational expertise and ensuring real-time compliance.

“Bloomberg Law Contract Solutions sets a higher benchmark in legal technology,” said Bobby Puglia, chief product officer, Bloomberg Industry Group. “The addition of Intelligent Playbooks supports our commitment to helping legal professionals streamline their workflows, ensure consistency across contracts, and deliver strategic, data-driven outcomes for their organizations. By leveraging advanced technology, this solution empowers teams to work more efficiently, reduce risk, and focus on higher-value tasks that drive business success.”

For more information on Bloomberg Law Contract Solutions and to schedule a demo, please visit https://aboutblaw.com/biMW.

About Bloomberg Law
Bloomberg Law combines the latest in legal technology with workflow tools, comprehensive primary and secondary sources, trusted news, expert analysis, and business intelligence. For more than a decade, Bloomberg Law has been a trailblazer in its application of AI and machine learning. Bloomberg Law’s deep expertise and commitment to innovation provide a competitive edge to help improve attorney productivity and efficiency. For more information, visit Bloomberg Law.

SOURCE Bloomberg Law