In the complex world of legal document management, finding specific terms across hundreds of contracts isn't just time-consuming—it's nearly impossible to do accurately at scale. According to a survey of 1,300 contracting professionals, finding specific language in a contract takes more than two hours on average - 45 minutes to locate the contract and 84 minutes to find the relevant section. Today, we're excited to introduce Wilson Term Extraction, a powerful new capability that transforms how legal teams identify and analyze key terms across their entire document library.

The Challenge of Term Identification 🔍

For in-house legal teams, keeping track of important terms across a growing document collection presents a significant challenge. Whether you're trying to locate every non-standard payment term, identify all liability cap exceptions, or find every instance where specific language appears, manual searching is both inefficient and prone to oversight. These missed terms can lead to unexpected obligations, financial exposure, and compliance issues that could have been avoided with better visibility.

The Hidden Cost of Contract Management 📊

Contract management inefficiency is a widespread challenge for today's organizations. According to the World Commerce & Contracting benchmark report, approximately 32% of the workforce is somehow involved in contract management, with almost 40% of organizations lacking clarity on who has responsibility for these activities. This same study found that improved contract analytics could generate improvements equivalent to 5-7% of contract value through cost reduction and revenue enhancement, highlighting the significant financial impact of better term management.

Further research reveals that 68% of contract professionals search for completed contracts at least once a week, with 23% performing this time-consuming task daily. When you consider that companies generate over 500 contracts per month on average, the cumulative time cost becomes tremendous.

Magnetic Term Extraction: Pulling the Needles from the Haystack 🧲

Wilson Term Extraction works like a powerful magnet, instantly pulling out every instance of the terms you need to find across hundreds of documents simultaneously. The system allows you to:

• Search at scale: Upload and analyze hundreds of documents in a single operation

• Extract with precision: Identify every occurrence of specific terms or clauses

• Group by theme: Organize extracted terms by category for easier analysis

• Export findings: Quickly share discovered terms with stakeholders

Real-World Applications ⚡

Legal teams are already using Wilson Term Extraction to transform their contract management:

• Risk assessment: Identifying all unique indemnification clauses across vendor agreements

• Obligation tracking: Extracting every payment term to prevent missed billing opportunities

• Compliance verification: Finding all data protection provisions that need updating for new regulations

• Contract standardization: Comparing similar terms across departments to enforce consistency

Getting Started with Wilson Term Extraction 📝

Wilson Term Extraction is available now to all Wilson customers. To start finding critical terms across your document library:

1. Log in to your Wilson dashboard

2. Upload the documents you want to analyze

3. Specify the terms or themes you want to extract

4. Review the comprehensive results in minutes, not days

Empowering Legal Teams with Precision Tools 🚀

At Wilson, we believe that the most effective legal tools don't just save time—they uncover insights that would otherwise remain hidden. Term Extraction represents our commitment to developing focused solutions for the specific challenges legal teams face every day.

While powerful on its own, Term Extraction becomes even more valuable when combined with Wilson's other capabilities. Terms discovered through extraction can be instantly analyzed using our playbook review system or added to your knowledge base for future reference.

Try Wilson Term Extraction today and discover how quickly you can find exactly what you need across your entire contract library.