Ep 101: BlackBoiler Founder Dan Broderick On Automating Contract Markup

Dan Broderick believes businesses waste billions in repetitive work reviewing and negotiating semantically similar contracts. As a former lawyer, he saw the problem first-hand. It led him to found BlackBoiler, whose AI-based technology automates the review and mark-up of inbound contracts right in Word’s Track Changes.  This week, BlackBoiler announced two new U.S. patents for its contract review software, bringing its total to seven. This comes less than two weeks after the company secured $3.2 million in funding from a group of strategic investors that included agreement cloud company DocuSign.  In this episode of LawNext, Broderick joins host Bob Ambrogi to share the story of how BlackBoiler came to be and the problem it addresses. He also describes how BlackBoiler works to automatically mark-up contracts, and discusses his plans for the future development of the technology and the company.  Thank You To Our Sponsors This episode of LawNext is made possible by our sponsors. We appreciate their support and hope you will check them out.  ASG LegalTech is the company bringing innovation to the legal space with modern and affordable software solutions. ASG LegalTech’s suite of technology includes the practice management platforms PracticePanther, Bill4Time, and MerusCase, and e-payments platform Headnote. Everlaw is a cloud-based ediscovery platform that enables law firms, corporations, and government agencies to collaboratively discover information, illuminate critical insights, and act on key evidence.  TrustBooks is trust accounting made easy. The only standalone accounting product designed 100 percent for attorneys and law firms, it helps them easily manage client accounts and stay compliant with their state bar requirements.   A reminder that we are on Patreon. Subscribe to our page to be able to access show transcripts, or to submit a question for our guests. Thank you to our leading Patreon member Allen Rodriguez and ONE400 for your support!