Factor

Earlier this year, we launched Humans of Factor, a series of social stories highlighting the people who make Factor such an amazing, diverse and exciting place to be. Since then, we have featured close to 20 individuals, celebrating the incredible things they do outside of Factor. From resilience after trauma to parenting (kids and Instagram-famous pooches), competing on the global sporting stage and raising funds for charity, we want to take a moment to spotlight the incredible Factorians we are lucky to call colleagues. We might be biased, but we think they are a pretty awesome bunch. Watch this space for more inspiring stories in 2025 and beyond!

The future of legal AI extends far beyond contracting. Members of The Sense Collective have identified over 200 potential use cases spanning 20 categories of legal work - from litigation support to intellectual property management – carefully evaluated and consolidated into 67 representative scenarios. Through our co-development sprints, legal professionals from leading organizations work together to solve shared challenges across every area of legal practice. The result? Battle-tested "AI recipes" solving for real legal use cases that any member can adapt and deploy. Want to join the next sprint? Limited spots are available to join cohort 2. Find out more here: https://ow.ly/ArHW50UspaL

We are almost a year into The Sense Collective, a collaboration community focused on empowering in-house legal teams to meet the challenge and opportunity presented by GenAI.     What lessons can be gleaned from uniting global legal leaders from global enterprises, including Fortune 500 and FTSE 100 companies? Swipe right to see what our members had to say: Limited spots are still available to join cohort 2.     Register your interest today: https://lnkd.in/gBEfWy3Z

#HumansofFactor. Meet Patrycja Kiczak, Contract Review Utility Manager at Factor! It's an exciting time to work in contract review. The integration of AI into our work over the past year has been transformative. Tools like Mosaic (Factor’s contract extraction, interpretation and reasoning tool) have revolutionized how we handle contract reviews, reducing timelines from months to weeks. As I manage my team of nine handling complex projects from mergers and acquisitions to regulatory compliance, I've seen firsthand how AI enhances our efficiency while allowing us to focus on strategic decision-making and quality control. My fascination with AI extends beyond the office. I've embraced tools like ChatGPT as my personal assistant, always engaging with it in a polite, conversational manner – I find this approach leads to more accurate and effective assistance. Recently, it helped me plan my solo adventure to Warsaw, where I attended my first international Zumba dance fiesta. I took master classes with my favorite instructor, Agnieszka, alongside teachers from around the world – which was an amazing experience and far outside my comfort zone! Zumba has been my constant companion for 14 years, a four-times-a-week ritual that clears my mind after intense project days. But there's another passion in my life that might surprise people – I'm an avid speedway racing fan, a tradition passed down from my grandfather. The live events are an intense sensory experience – from the thunderous roar of the engines to the unique smell of the racing environment. While my work life is all about structure and precision, these passions are a wonderful release. There's something magical about the contrast – the raw energy of speedway racing and the freedom of movement in Zumba class that help my brain switch off after the working day. From spring to autumn, my weekends are filled with the thrill of racing and family gatherings at the stadium. During the off-season, Zumba keeps my energy flowing and stress at bay. At Factor, I love seeing clients return project after project based on our successful deliveries. And just as I build those lasting client relationships at work, my hobbies have created their own special bonds - from sharing my love of speedway with my young nephew to the sense of community at Zumba parties, building meaningful relationships is at the heart of everything I do. Being AI-enabled won't change that!

A peek inside our recent Sense Collective Executive Session in Nashville - just one of the highlights from an incredible year of community events, which have included working groups, hands-on demo days, training sessions, founders’ meeting, quarterly congresses, and more.  As The Sense Collective expands to welcome a second cohort in 2025, we're building on this foundation – skillfully laid by our inaugural cohort of in-house leaders from Adobe, Microsoft, BNY, Anglo American, among others - with more opportunities for in-person connections and more guest speakers planned, including faculty from academic research.  Limited spots are still available to join cohort 2. Find out more here: https://lnkd.in/gBEfWy3Z

Realizing the true potential of generative AI in legal workflows requires a paradigm shift in how legal departments view technology.  GenAI's role in legal contracting goes beyond basic data extraction to intelligent delegation - interpreting, analyzing, and offering actionable insights based on complex legal criteria.  At our recent webinar, Factor's Jessica Block urged legal departments to begin to trust and utilize AI-driven tools for these advanced functions to enable efficient, accurate, and strategic management of contracts.  Whether analyzing critical data management obligations or answering compliance questions raised by upcoming regulations such as the EU AI Act and DORA, these tools transform months of manual contract review into strategic, data-driven insights.  Missed the webinar?  Catch up here: https://ow.ly/1F7t50Uobn4

Following last week’s announcement about the launch of the second cohort of our AI collaboration community, The Sense Collective, Factor was featured in Legaltech News. The latest ‘Legaltech Rundown’ highlighted: "The second cohort will see up to 15 new in-house legal teams brought in to participate in experimentation and the development of implementation policies.” Read more: https://lnkd.in/eGUAgdeY

The alternative investment landscape is evolving rapidly. While AI began with basic contract review, today's tools act as bionic assistants - analyzing complex data sets, identifying risks and opportunities, and recommending negotiation strategies. In a recent article for Alternatives Watch, Factor's Bernardus Ruard Buys explores how AI can revolutionize private fund transactions - from streamlined due diligence to enhanced risk management and compliance.  Discover how the right AI ecosystem can accelerate your deal execution while lowering costs.    Read more here: https://lnkd.in/e5eZ5WUa

Today, we announce the launch of the second cohort of The Sense Collective, a collaboration community focused on empowering legal leaders to meet the challenge and opportunity presented by GenAI.   Building on the enthusiastic engagement of its inaugural cohort of in-house leaders from Adobe, Microsoft, BNY, Anglo American, CrowdStrike, and others, the second cohort will add up to 15 new in-house departments to engage in experiential and social learning through shared knowledge, collaborative experimentation, and the co-development of practical AI solutions. Ron Wills, VP of Legal at CrowdStrike, says: "The Sense Collective embraces the most innovative AI solutions emerging within the Legal community, leveraging the power of the crowd to accelerate experimentation that delivers practical, impactful results for their organizations." Additionally, we’re also launching a new service, the Sensemaker Academy, to accelerate adoption of AI by broadening the base of in-house lawyers proficient in and comfortable with AI. Read more: https://lnkd.in/dehFtuN6

How can legal teams truly harness AI to drive impact? By embedding AI within existing business context and communication layers. At our recent webinar, Factor's Hitesh Talwar highlighted the need for AI to be grounded in the specific business environment in which it operates. AI tools should seamlessly integrate with the current systems and workflows of its users, rather than requiring users to adapt to new, standalone technology platforms. Missed the webinar? Catch up here: https://ow.ly/s5S850UjTqp