LexPredict Team Releases Open Source Analytics Platform ContraxSuite – Now Live on Github!

Live on Github – the LexPredict Team has open-sourced ContraxSuite 1.0, fundamentally altering the economics of the contract and legal document analytics space – now you can perpetually own a solution with a $0 license and $0 per document fees. But we’re just getting started. Stay tuned over the next few weeks as we release even more documentation and developer examples on Github.

Why We Are Open Sourcing ContraxSuite and Some Thoughts About Legal Tech and the Modern Information Economy

 

Today we here at LexPredict announce that we will be open sourcing our document analytics platform ContraxSuite (which works on a wide class of documents beyond just contracts).

From the Announcement – “Starting on August 1st, this code base and our public development roadmap will be hosted on Github under a permissive open-source licensing model that will allow most organizations to quickly and freely implement and customize their own contract and document analytics. Like Redhat does for Linux, we will provide support, customization, and data services to “cover the last mile” for those organizations who need it.

We believe that a very important future for law lies in its central role in facilitating and regulating the modern information economy. But unless we start treating law itself like the production of information, we’ll never get there. Before we can solve big problems with smart contracts, we need to start by structuring existing legacy contracts. We hope our actions today will help lawyers, companies, and other LegalTech providers accelerate the pace of improvement and innovation through more open collaboration.”    (click here for full announcement or access via Slideshare)