What is Wordsmith?
- Founders: Ross McNairn, Volodymyr Giginiak & Robbie Falkenthal
- Launch: 2023, Edinburgh, Scotland
- Use Cases: Contract review, compliance risk detection, internal legal queries, procurement and HR-legal support, automation of repetitive legal tasks
- Technology: Large Language Models (GPT-4, Claude), Retrieval-Augmented Generation (RAG), private data instances, agent orchestration, dashboards, and document integrations
Wordsmith AI is an AI-powered legal enablement platform designed to include automation and efficiency in corporate legal functions. The company was founded in 2023 by Ross McNairn, Volodymyr Giginiak, and Robbie Falkenthal and is aiming to solve the ongoing issues of slow, manual processes in legal teams with configurable AI agents able to operate in total autonomy and total oversight. Legal teams can connect their internal documents and policies to train intelligent agents to review contracts, provide answers to legal questions, flag compliance risks, and generate reporting. These agents help the legal team by letting non-legal staff in areas like sales, procurement, and HR manage simple tasks automatically, so lawyers can concentrate on more complicated issues with some help from a lawyer's review.
Wordsmith AI uses advanced language models like GPT-4 and Claude, along with RAG techniques, to provide relevant answers while keeping data private to protect sensitive information. Wordsmith also deploys dashboards and reporting functionality to monitor workload, performance, and risk. With a valuation of over $100m in less than a year, Wordsmith AI continues to grow, expanding beyond Scotland into major cities such as London and New York.