Over the last decade, LexPredict has developed contract and document analytics tools called ContraxSuite. They are now announcing plans to open source ContraxSuite to accelerate innovation through collaboration. While contract analytics alone does not solve legal problems, LexPredict hopes open sourcing their tools will motivate legal teams to treat contracts as valuable data. By making ContraxSuite open source, LexPredict aims to further the development of the legal industry in a transparent way and move past hype in legal tech.