Draftable wins Supplier of the Year award at 18th Annual Lawtech Summit Awards

Draftable, a global leader indocument comparison solutions, has been named Supplier of the Year at the 18th Annual Lawtech Summit Awards 2024 in Australia. This achievement reflects Draftable’s customer-centric approach and the transformative impact of its technology on the legal industry over the past year.

Draftable’s rising prominence follows more than a decade of leadership in general-purpose document comparison technology. Its breakthrough in the legal sector, however, was driven by demand for choice in what had become a highly consolidated market. Responding to this demand, Draftable introduced its legal-specific solution in August 2023, built on the principles of ease of use, fair and transparent pricing, and responsive customer support.

Timothy Toner, Draftable’s Founder and CEO, said: “Winning Supplier of the Year at the Lawtech Summit Awards isa powerful validation of everything we’ve accomplished since launching our Draftable Compare product for the legal market just over a year ago.

“We listened carefully to the frustrations of legal professionals, which included rising costs and diminishing customer support from legacy providers, and responded by delivering a superior, customer-focused alternative. This award reflects our team’s dedication to building the world’s best document comparison experience, focusing on user needs and product performance,” he said.

Draftable’s success is deeply rooted in its collaborative approach with legal professionals. By actively co-developing its comparison solution in partnership with leading law firms, Draftable introduced numerous enhancements specifically tailored to the demands of legal workflows. These include customisable 1-click comparison workflows, legal-specific redlines for Excel documents, and the ability to tag, filter and share priority changes with colleagues – features that simplify the complexity of document review. This commitment to building its solution in partnership with the legal industry has led to widespread adoption across North America, Europe, and the Asia-Pacific region, with more than 500 customers signing up in the first year.

Dr Caspar Roxburgh, Product Lead, Draftable, said: “Legacy software solutions can easily become cumbersome and outdated. We approached legal document comparison with a fresh, modern perspective. Our solution is intuitive and designed to require no formal training. The swift uptake by major law firms demonstrates the market’s readiness for change, and we are committed to continuing to innovate based on ongoing customer feedback,” he said.

Draftable’s rapid growth and recognition as a leading supplier to the legal industry demonstrates its role in raising the standard of legal tech. As the legal industry continues to evolve, Draftable remains focused on empowering law firms and legal teams with world-class solutions, fair pricing and exceptional customer support.

‍