Akorda has been operating in the market since 2018. The firm focuses on providing AI-powered tools that assist in contract negotiation and management processes for law firms, corporate legal departments, and other entities in the legal industry. By utilizing machine learning algorithms and natural language processing, Akorda's platform aims to simplify tasks, support collaboration, and increase overall efficiency for professionals in the segment.
A key technical capability of Akorda is its AI engine, which is designed to analyze contracts quickly and generate concise summaries, highlight potential risks, and recommend suitable language for negotiation. This feature distinguishes Akorda from its competitors, as it allows users to save time, minimize errors, and make more informed decisions during the negotiation process. Furthermore, the platform offers a user-friendly interface and compatibility with existing tools and systems, making it a practical option for legal professionals who want to stay current in their field.