ML Contract Taxonomies
Developed a patented methodology for breaking down contracts into the most legally relevant component parts. These taxonomies have gone on to power many parts of the Ontra app, including Digital Playbooks, Markup Builder, and Contract Summaries while providing the necessary framework for conducting robust evaluation of model performance.
Approach
Data Collection and Labeling
Developed methodologies with team members to reduce the number of required documents to label in order to aid in model evaluation and ensure accuracy of solutions.
Legal Taxonomies
Collaborated with legal SMEs to develop detailed contract taxonomies that are used across the Ontra platform.
Prompt Engineering
Developed process for SMEs to prompt engineer to improve the performance of tools across the Ontra ecosystem.
Impact & Outcomes
- Wide adoption of taxonomies across the Ontra platform
- Patent granted for the methodology developed
- Successfully processed over 1M+ contracts using these taxonomies to aid in contract analysis