Litera Acquires AI-Powered Contract Drafting Platform Bestpractix

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The document technology company Litera has acquired Bestpractix, a three-year-old, Israel-based company whose platform for contract review, negotiation and drafting uses natural language processing and machine learning to provide contract-drafting recommendations based on both a firm’s own previously negotiated agreements and on publicly available agreements.

Founded in 2017 by CEO Omer Hayun,…