Esper Magic is a document analysis feature that calculates the character count, reading level, financial mentions and restrictiveness of the regulation text.
Reading level is calculated using syllable, word, and sentence count. The output – Low, Medium, or High– is benchmarked against the distribution of reading levels across the entire Esper document library (more than 250,000 pages of regulation).
Financial Mentions are calculated by the number of references to words and symbols such as fees, fines, $, etc.
Restrictiveness is calculated upon the number of restrictive words and phrases contained in the regulation text that are typically used in legal language to create binding obligations or prohibitions. These are shall, must, required, prohibited, and may not.
Esper Magic is found in Policy Comparison in Regulation Text.