LawGeex Company (2014-)

A LawGeex Company (2014-) is a legal tech company that developed an AI-powered contract review system to automate legal document analysis and contract negotiation processes.

AKA: LegaLogic, Inc..
Context:
- It can typically produce LawGeex Products, such as LawGeex AI Contract Review Platform.
- It can typically target Corporate Legal Teams and Law Firms as customers.
- It can typically automate Contract Review Processes through AI-based legal document analysis to save legal teams time and resources.
- It can typically analyze Legal Contract Documents against predefined legal policy playbooks to identify contract risks and compliance issues.
- It can typically redline and edit Contract Clauses using natural language processing technology to align with client preferred wording.
- It can typically reduce contract review time by up to 80% compared to manual legal review processes.
- It can typically provide up to 90% cost savings versus traditional legal review by reducing outside counsel requirements.
- It can typically achieve 94% accuracy rate in contract risk identification, exceeding human lawyer performance in controlled tests.
- It can typically integrate with Contract Lifecycle Management Systems and Customer Relationship Management Platforms for seamless workflow.
- ...
- It can often serve enterprise clients including Fortune 1000 companys and Global 2000 organizations across multiple industry sectors.
- It can often operate as a SaaS solution with subscription pricing model based on contract volume.
- It can often validate its technology performance through academic partnerships and comparative study methodology.
- It can often be recognized by industry analyst firms like Gartner and Forrester for its legal tech innovation.
- ...
- It can range from being a Enterprise-Focused LawGeex Company to being a SMB-Focused LawGeex Company, depending on its legal tech market targeting strategy.
- It can range from being a Software-Oriented LawGeex Company to being a Service-Oriented LawGeex Company, depending on its legal tech service delivery model.
- ...
- It can have headquarters in Tel Aviv, Israel, with offices in New York City, US.
- It can be a pioneer in the Contract Review Automation space and has received industry recognition from sources like Gartner and Forrester for its impact on legal technology.
- It can incorporate machine learning techniques with natural language processing trained on contract clause datasets.
- It can leverage contextual understanding patented technology to analyze contract context factors like agreement type and template ownership.
- It can obtain legal service regulatory approval through legal innovation sandbox programs to provide quasi-legal advice.
- ...
Examples:
- LawGeex Company Development Periods, such as:
  - Early LawGeex Company Period (2014-2017), characterized by initial AI contract review technology development and early market adoption.
    - LawGeex Company (2014), the year of its founding by Noory Bechor and Ilan Admon.
    - Seed-Stage LawGeex Company (2015) securing $2.5 million in early-stage funding led by Lool Ventures.
    - LawGeex Company (2017), when the company raised $7 million in Series A funding to accelerate product development.
  - Growth LawGeex Company Period (2018-2021), characterized by significant venture funding and enterprise client acquisition.
    - LawGeex Company (2019), when the company had its Series B funding round, allowing further scaling of its platform and AI capabilities.
    - Series B LawGeex Company (2018) securing $12 million led by Aleph VC for market expansion.
    - Series C LawGeex Company (2020) raising $20 million led by Corner Ventures with Tom Glocer participating as an angel investor.
    - Utah-Licensed LawGeex Company (2021) becoming the first AI company to receive legal service license in Utah's regulatory sandbox.
  - Restructuring LawGeex Company Period (2022-2025), characterized by business model pivoting and enterprise business divestiture.
    - Bifurcated LawGeex Company (2022) splitting into enterprise division and Superlegal SMB venture.
    - LawGeex Company (2023), partially acquired by Robin AI, with the partnership involving sharing AI technologies for contract analysis and merging resources to integrate LawGeex's enterprise-level clients with Robin AI's lawyer-in-the-loop model.
    - Divested LawGeex Company (2023) selling enterprise contract assets to Robin AI and LegalSifter.
    - LawGeex Company (2024), continuing to focus on enterprise contract review, while expanding its SME services through its spin-off, Superlegal.
    - Superlegal-Focused Former LawGeex Company (2024-2025) securing $5 million in seed funding for its SMB contract review solution.
- LawGeex Company Client Implementations, such as:
  - Enterprise LawGeex Implementations demonstrating contract review automation for large organization legal teams.
- ...
Counter-Example(s):
- Contract Management System Companys, which focus on post-signature contract lifecycle management rather than pre-signature contract review automation.
- Legal Due Diligence Tool Companys, which specialize in M&A due diligence document review rather than everyday business contract negotiation.
- Manual Contract Review Service Companys, which rely primarily on human legal experts rather than AI-driven contract analysis.
- Robin AI, another legal AI firm focusing on contract drafting and negotiation.
- LegalOn Tech, a global competitor specializing in AI-powered contract review.
- Evisort, a legal tech startup offering contract management and review.
- Kira Systems, a company providing AI-driven contract analysis.
- Onit, Inc., a legal workflow automation company, focusing more on enterprise solutions beyond contract review.
- SimpleDocs, Inc. (2023-).
See: Legal Tech Company, AI for Legal, Contract Analysis Task, Contract Review Task, Contract Drafting Task, Interactive Legal Contract Review Application, AI Contract Review System, Legal Document Automation, Contract Analysis Platform, Legal AI Application.

References

Website: https://www.lawgeex.com

2025-05-11

Deep Research https://chatgpt.com/s/dr_68210f868ed88191a6c042a5d2bcc963
- Question: Information about LawGeex founded in 2014
- Answer: LawGeex is an Israeli legal tech startup founded in 2014 that developed an AI-powered contract review platform to automate the process of reviewing, redlining, and approving legal contracts.
  - Company Background and Founding:
    - Company Origin: LawGeex was founded in Tel Aviv by Noory Bechor, a former corporate attorney, and Ilan Admon, an AI technologist.
    - Founding Vision: Bechor's experience with repetitive contract reviews inspired the idea that contract review could be automated with artificial intelligence.
    - Early Recognition: LawGeex gained attention as one of the first "legal AI" startups focused on contracts, initially targeting both large enterprises and small businesses.
    - Early Achievement: By 2016, the company had served thousands of users by offering AI-driven contract review services on a subscription basis, pioneering the application of natural language processing to legal documents.
  - Founders and Leadership:
    - CEO Profile: Noory Bechor has served as CEO since the company's inception, leveraging his legal background to guide product development.
    - CTO Profile: Ilan Admon, the co-founder and Chief Technology Officer, is the AI expert who built the platform's machine-learning engine.
    - Advisory Support: By 2016, the company's board included a partner from Morrison & Foerster (Bruce Mann) as an advisor.
    - Company Mission: LawGeex's leadership emphasized a mission to "transform legal operations" by freeing legal teams from routine contract work.
  - Core Products and Services:
    - Platform Overview: LawGeex's core offering is a contract review automation platform that uses artificial intelligence to review, redline, and approve contracts.
    - Platform Functionality: The cloud-based software analyzes incoming contracts against the organization's predefined legal policies or playbooks.
    - AI Analysis Process: Clients upload contracts (such as NDAs or service agreements), and the AI "reads" the document like a human lawyer, checking every clause against company standards.
    - AI Redlining Capability: Unacceptable language can be redlined or edited by the AI to align with the client's preferred wording.
    - Pre-Signature Focus: A distinguishing feature is the focus on pre-signature contract review stage (the contract negotiation and approval phase).
    - AI Performance Study: In a 2018 study, LawGeex demonstrated its AI's capabilities by comparing it with experienced lawyers in reviewing NDA contracts – the AI achieved about 94% accuracy versus 85% for the lawyers, completing tasks in 26 seconds compared to 92 minutes.
    - Client Benefits: LawGeex claims clients typically see 80% time saved in contract review and an acceleration of deal closing by a factor of three, with up to 90% cost savings versus traditional manual review.
    - Technology Foundation: Behind the scenes, LawGeex's technology combines machine learning and NLP trained on millions of contract clauses.
    - Contextual Intelligence: The AI evaluates the context of the contract – considering factors like the type of agreement, whose template is used, and whether the client is the vendor or customer.
    - Patent Protection: This contextual understanding is protected by a U.S. patent granted in 2021 for LawGeex's AI methods.
    - System Integration: LawGeex integrates with other systems (such as contract lifecycle management and CRM software) to fit into customers' existing workflows.
    - Business Model: The product is delivered as a SaaS (software-as-a-service) on a subscription model, typically priced based on the number of contracts reviewed per month or year.
  - Funding History and Investors:
    - Early Funding: In 2015, LawGeex raised about $2.5 million in a seed/venture round led by Lool Ventures.
    - Series A: A Series A of $7 million followed in March 2017, bringing in additional investors including Recruit Holdings from Japan.
    - Series B: A Series B round of $12 million was announced in April 2018, led by Aleph VC, bringing total funding to about $21.5 million.
    - Series C: In May 2020, LawGeex secured a larger Series C round of $20 million led by Corner Ventures with participation from fintech fund La Maison, previous investors, and Tom Glocer (former CEO of Thomson Reuters).
    - Total Funding: This brought LawGeex's total funding to roughly $45 million since inception.
    - Funding Application: The funding enabled LawGeex to expand its product capabilities, open a U.S. office in New York, and scale up its sales and customer success teams.
  - Major Clients and Partnerships:
    - Enterprise Clients: Notable users include large enterprises such as HP (Hewlett-Packard) and General Electric.
    - Financial Sector Clients: Major banks including UBS, one of the world's largest investment banks, use LawGeex to automate contract review workflows.
    - Law Firm Clients: Simpson Thacher & Bartlett, a prominent New York-based law firm, has been named as a client.
    - Client Base Growth: By 2018, LawGeex reported nearly 100 corporate customers, many in the Fortune 1000 range.
    - Client Industries: Clients span industries from technology and manufacturing to healthcare and financial services.
    - Global Clients: As of 2023, the enterprise client base included dozens of Global 2000 companies across multiple sectors.
    - Partnership Strategy: LawGeex developed partnerships and integrations, positioning itself as part of a larger legal tech ecosystem.
    - Integration Partnerships: The company integrated with leading contract lifecycle management (CLM) systems and customer relationship management platforms.
    - Academic Partnerships: LawGeex partnered with academic and industry experts to validate its technology, working with law professors on the 2018 study.
    - Regulatory Partnership: In 2021, LawGeex became the first AI-driven company to be licensed under Utah's regulatory sandbox to provide certain legal services traditionally restricted to law firms.
  - Recent Developments (2022–2024):
    - Milestone Achievement: By 2021, LawGeex obtained a special license to practice law in Utah, enabling direct provision of contract review advice.
    - Business Challenge: LawGeex faced challenges balancing a pure software model with demand for hands-on services from large corporate clients.
    - Major Restructuring: In mid-2022, CEO Noory Bechor initiated a major restructuring, splitting operations into two units: the traditional enterprise-focused business and a new spin-off venture called Superlegal.
    - SMB Solution: Superlegal targeted small and medium-sized businesses (SMBs) without in-house lawyers, offering a lighter, self-service version of the LawGeex AI platform.
    - Staff Reduction: The reorganization included a reduction of about one-third of LawGeex's staff to streamline operations and conserve capital.
    - Enterprise Business Divestiture: In early 2023, LawGeex decided to divest its enterprise business.
    - Asset Sale: In February 2023, LawGeex sold its enterprise customer contracts and related assets to Robin AI, a UK-based competitor.
    - Client Base Acquisition: Later in 2023, LegalSifter acquired a large portion of LawGeex's remaining enterprise client base, adding 17 Global 2000 companies.
    - Founder Refocus: Following these divestitures, the LawGeex founders refocused entirely on the new SMB venture Superlegal.
    - Spin-Off Funding: In May 2024, Bechor and Admon announced that Superlegal had secured a $5 million seed funding round co-led by Aleph and the Disruptive AI fund, with participation from Google's AI Startups Fund.
    - Original Mission Pursuit: The fresh funding is being used to grow the Superlegal platform and pursue LawGeex's original mission at a broader scale.
  - Market Position and Competitors:
    - Industry Pioneer: At its height, LawGeex was regarded as a pioneer in AI contract review and a market leader in legal tech innovation.
    - Market Niche: LawGeex carved out a niche focusing on contract approval processes for in-house legal teams.
    - Market Recognition: Independent analyses recognized LawGeex as a category-defining product in contract review automation.
    - ROI Validation: A 2020 Forrester Research report quantified significant ROI for adopters (over 200% return on investment and thousands of hours saved).
    - Competitive Landscape: LawGeex operated in a highly competitive landscape with various legal tech companies offering AI-driven contract analysis.
    - Key Competitors: Competitors included Kira Systems, Luminance, LexCheck, LegalSifter, eBrevia, Seal Software, and ThoughtRiver.
    - Competitive Advantage: LawGeex was distinguished by its end-to-end approach (flagging and fixing contract language) and its early focus on serving corporate legal departments.
    - Company Legacy: By 2025, LawGeex's legacy is that of a groundbreaking entrant that proved AI could reliably automate contract review at scale.
- Citations:

[1] https://www.artificiallawyer.com/2016/10/31/ai-for-the-people-the-lawgeex-story/
[2] https://news.crunchbase.com/startups/lawgeex-raises-12m-ai-powered-contract-review/
[3] https://www.lawgeex.com/
[4] https://blog.lawgeex.com/legal-saas-ai-platform-lawgeex-raises-12-million-in-new-funding
[5] https://www.businessinsider.com/lawgeex-legal-tech-patent-contracts-strategy-growth-artificial-intelligence-2021-2
[6] https://www.calcalistech.com/ctech/articles/0,7340,L-3821531,00.html
[7] https://www.legalsifter.com/news/legalsifter-acquires-lawgeex-enterprise-business
[8] https://www.artificiallawyer.com/2022/09/12/lawgeex-the-inside-story-of-the-superlegal-restructure/
[9] https://www.jegiclarity.com/transactions/lawgeex-has-sold-enterprise-division-assets-to-robin-ai/
[10] https://www.artificiallawyer.com/2024/05/23/back-to-the-future-as-lawgeex-offshoot-superlegal-bags-5m-for-contract-review/
[11] https://www.owler.com/company/thoughtriver/competitors

2024

GPT-4 (Web)
- The company's business model combines SaaS with services, integrating a 'lawyer-in-the-loop' with the latest machine learning technology. Robin AI has grown significantly, reviewing over 12,000 contracts per year, and has acquired a portion of its competitor, LawGeex. [1].
- Here are brief profiles of some of Robin AI's potential competitors in the legal tech sector:
  1. LawGeex Company:
    - Focus: AI platform for contracting legal terms, contract review automation
    - Founded: 2014
    - Headquarters: Tel Aviv, Israel; additional offices in the US
    - Special Features: Enterprise customers (2K as of Jan 2024), types of integrations (6 as of Jan 2024), and partners (12 as of Jan 2024)
    - Website: [LawGeex](https://www.lawgeex.com).**#. LexCheck:
    - Focus: Contract acceleration and intelligence platform, AI-powered contract review
    - Founded: 2015
    - Headquarters: New York, NY, US
    - Special Features: Copilot software for legal contract review and proofreading, automated clause generation, contract playbooks, contract analytics
    - Total Funding: $3 million
    - Key People: Gary Sangha (Founder & CEO), Michael Ross (CCO), Vishal Singhania (VP of Product), Qi Chen (VP of Engineering), Charles Lu (VP of Operations)
    - Website: [LexCheck](https://www.lexcheck.com)【29†source】.

2023a

(LinkedIn, 2023) ⇒ https://linkedin.com/company/lawgeex/
- QUOTE: The Lawgeex AI-powered platform automates and accelerates contracting, enabling legal teams to offload routine work and refocus on more strategic issues.
  Lawgeex provides rapid time-to-value and offers modules for contract-lifecycle automation, including drafting, negotiation, extraction, and storage.
  Lawgeex has been recognized by Gartner and HBO’s VICE as a leading force in bringing powerful innovation and technology to the legal world. Dozens of Fortune 500 and Global 2000 companies trust Lawgeex to help them maximize the value of their human resources while reducing risk and cost.
- Company size: 56 on LinkedIn
- Headquarters: New York, New York
- Founded: 2014
- Specialties: Legal Technology, Contract Review, Contract Analysis, Big Data, Start Up, Machine Learning, NDA, Leases, Term Sheets, Contract Feedback, SaaS, and Artificial Intelligence

2023b

(Lawggek, 2023) ⇒ https://www.lawgeex.com/
- SUMMARY:
  - Legal tech company offering AI for contract review automation
  - Founded in 2014, based in New York and Tel Aviv
  - Uses patented AI technology to analyze contracts
  - Raised $7 million in Series A funding in 2017
  - Customers include GE, pharmaceutical companies, and other large enterprises
  - Validated by industry analysts like Gartner and Forrester
  - Competitors include Evisort, Kira Systems, other AI contract review startups

LawGeex Company (2014-)

References

2025-05-11

2024

2023a

2023b

Navigation menu

Search