American Marconi Wireless News - Draftwise Posts Strong Growth in First Quarter, Helps Law Firms Unlock Millions in New Revenue as AI Platform Cuts Contract Work from Hours to Minutes

NEW YORK, NY / ACCESS Newswire / March 18, 2026 / Draftwise, the AI contract intelligence platform for law firms and in-house counsel, announced today a string of successes across its business, including innovative new products, a growing client base, and expansion into new regions.

Over the last 90 days, Draftwise has introduced Playbook Studio and a fully editable Deal Table. Playbook Studio transforms time-consuming, labor-intensive tasks and provides incredible benefit to the user, including:

• Playbook creation: Reduce first-pass playbook creation from six hours to five minutes

• NDA review: Reduce review time from 60 minutes to two minutes using your Draftwise-generated playbook

• Always current: Standards update as negotiations evolve

• Proven redlining: Playbooks reflect how your team negotiates, not generic AI suggestions

These efficiencies translate directly into meaningful economic impact for law firms. With New York City partner billable rates typically ranging from $2,000 to more than $4,000 per hour, automating repetitive contract review can unlock thousands of hours for higher-value work. In some cases, firms estimate that Draftwise is freeing up more than 3,100 hours of non-billable work, representing millions of dollars in opportunity cost that can be redirected toward strategic advisory work and client service. The technology allows partners to focus on higher-level legal strategy and client advisory work, effectively expanding the capacity of a practice without needing to add additional associates.

The company expanded into Asia, dramatically broadened its footprint in the EU, and now serves clients across five continents: North and South America, Australia, Europe, and Asia.

Draftwise's client roster of major law firms and in-house organizations expanded during the past 90 days and is up over the past year, including an expanded presence in France, notably with corporate law firm Sekri Valentin Zerrouk.

"I am gratified by our growth trajectory across the board," said James Ding, Draftwise CEO and co-founder. " Legal technology is morphing faster than most people realize and certainly faster than law firms and general counsels realize. It's changing faster than many legal tech companies can adapt, but we're shipping features today that other companies can't, and that gives us a competitive advantage."

Not only has Draftwise expanded the regions it serves and the suite of products it offers, but it has also expanded its team by tapping talent with deep experience in the legal realm to better serve its firm and in-house clients.

Draftwise anticipates introducing additional updates later this month.

About Draftwise

Draftwise is an AI Contract Intelligence platform. Draftwise executes complex drafting, review, and search workflows for top law firms and legal teams globally, including over half the Vault 10, dozens of Am Law 100 firms, Fortune 500 organizations, and financial services firms. The company is headquartered in New York and has a presence in San Francisco and London.

Contact:

Morgan Blair Borer
[email protected]

SOURCE: Draftwise

View the original press release on ACCESS Newswire

M.Fischer--AMWN