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ThoughtRiver
Reviews contracts via a contract intelligence engine
- 21-100 employees
- B2B
- Artificial Intelligence
- Legal
- Cambridge, UK
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Company mission
To make contracts easy to understand for everyone.
Our take
ThoughtRiver is a legal tech company that addresses a fundamental problem for in-house counsels and lawyers: you don’t know whether you need to read a contract without reading it. ThoughtRiver’s contract pre-screening technology uses machine learning and legal intelligence to automate the initial scan and analysis of contracts to produce an actionable recommendation on what to do next with the contract – and why.
Developed by ThoughtRiver’s lawyers and its partners who are domain experts, Lexible is a universal contract description framework that uses 1000s of data points to build a detailed picture of legal obligations and rights within any legal agreement. Lexible comes pre-programmed with thousands of questions posed by real lawyers. It works by first deploying a sophisticated language processing (NLP) engine developed in collaboration with Cambridge University. This allows it to understand the meaning of the words within an agreement. ThoughtRiver can then ask and answer thousands of questions according to their Lexible framework to build a detailed picture of the obligations and rights within the agreement. All of this data is then summarised into clear, actionable advice.
It also aims to promote partnerships with ThoughtRiver to legal service providers who can create new sources of income using its services. For example, by configuring the platform to answer specific questions and identify certain risks, legal service providers can allow their clients to review contracts on the ThoughtRiver platform through a sub-account. This review takes minutes, not hours, which creates an opportunity for a profitable and repeatable new revenue stream. The company aspires to make its technology available and accessible to companies around the world. ThoughtRiver works with in-house legal teams, general counsels and law firms.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Life assurance at 4x salary
- Private medical insurance with Aviva
- Employer pension with Scottish Widows
- Additional holiday for long term employees
- Birthday holiday and lunch
Company values
- Shift Left - Innovation means taking leaps and trying new things to learn as quickly as possible. We believe in moving tasks, decisions, and responsibilities closer to the beginning of the process and testing often across every aspect of the business to deliver more effectively and efficiently.
- See around corners - Think ahead, possess foresight and a proactive mindset to take initiative that anticipates challenges, opportunities and trends before they emerge. Our goal is to be ahead of the game for our client’s benefit.
- Own Your Impact - Each individual plays a vital role in the success of the team and the company as a whole. By holding ourselves to high standards and taking responsibility for our words and actions, we foster trust, integrity, and reliability. We empower ourselves and our colleagues to make a positive impact, drive results, and uphold the values of our organisation.
- Shows Passion + Purpose - Passion + purpose = positive impact. We aim to positively impact our colleagues, our clients, our partners and the community through our efforts.
- Seek Forgiveness not Permission - Bold ideas require action. We’re a small team with deep embedded trust that we can deliver for our clients. We empower our teams to take ownership, anticipate needs and focus on proactive measures.
Funding (2 rounds)
Aug 2020
$10m
SERIES A
Oct 2018
$3.7m
SEED
Total funding: $13.7m
This company has top investors
Leadership
Jennifer Hill
(CEO)Seasoned COO and business leader with experience growing tech start-ups to profitability.
Tim Pullan
(Advisor & Founder)Associate Partner at Cambridge Management Consulting and Advisor at Circuit Medical Ltd. Previously a Partner at Taylor Vinters and was a Member of the ICT Committee at the British Chambers of Commerce.
People progressing
James has been with ThoughtRiver since early 2022. He started as a BDR and now is an Enterprise Account Director looking after key accounts and bring in new business to ThoughtRiver.
John has been with ThoughtRiver since 2018. During that time, he has had many roles from Lead Application Engineer, Team Lead and now looking after DevOps.
Katie has been with ThoughtRiver for just under 3 years, she started as a Customer Success Manager and is now Senior CSM and Account Manager.
Articles
Endorsements
All
Challenging work (2)
Autonomy (2)
Flexible working (2)
Nice people (1)
My opinions are valued (1)
Flat hierarchy (1)
The opportunity to collaborate on complex projects with some of the world's leading businesses is exhilarating. Working on pioneering projects that deliver substantial business value to global legal teams is truly rewarding.
Sales & Account Management
Challenging work
Dec 2024
ThoughtRiver trusts its team to deliver the results they have been employed to deliver. Good hybrid working situation but also the ability to meet several times a week in our London or Cambridge offices if that's your thing.
Sales & Account Management
Flexible working
Dec 2024
The people at ThoughtRiver are fantastic! There is so much generosity and kindness in the team. I've worked with some fantastic people in Sales. I've made some true friends at ThoughtRiver that I continue to meet regularly outside of work.
Sales & Account Management
Nice people
Dec 2024
The projects I've worked on here have been the most challenging in my career. You are given a lot of scope to run with projects and lead them when ready. I really enjoy working with clients on specific use cases.
Sales & Account Management
Challenging work
Dec 2024
Suggestions are alway taken on board and considered for action. Your ideas can influence the company direction. Even in my interview for the role my description of some features that did not work as expected where escalated to head of the product team and my feedback was acknowledged.
Sales & Account Management
Autonomy
Dec 2024
There is not loads of layers of management and you are encouraged to speak with everyone from other teams whether a manager or a junior member. Everyone welcomes your call and is happy to answer your questions.
Sales & Account Management
Flat hierarchy
Dec 2024
There are frequent opportunities to feedback or suggest changes to ways of working or doing business, and it's clear to see how the company has evolved based on employees' suggestions.
Software Engineering
My opinions are valued
Dec 2024
There is great trust between colleagues that we will get the work done, and have the right mindset and skills to do so. There is no room (or time!) for micromanagement.
Software Engineering
Autonomy
Dec 2024
I have two children, and have been able to work part time from the beginning of my career at ThoughtRiver. I was also granted a chunk of unpaid leave when I asked for it. When life demands, I am able to flex my day to meet family needs.
Software Engineering
Flexible working
Dec 2024
Jobs (3)
Software Engineering
