LexCheck, Inc.
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A LexCheck, Inc. is a legal tech company ...
- Context:
- It can have LexCheck Products, such as: LexCheck Copilot, and LexCheck DealDesk Services.
- ...
- Example(s):
- Counter-Example(s):
- See: Kira Systems, DocuSign Insight.
References
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:
- . LegalOn Technologies, Inc.:
- Focus: AI contract review
- Founded: Not specified
- Headquarters: Operates globally with businesses in Japan and the US
- Special Features: Trusted by over 4,000 companies worldwide, backed by $130M+ in global funding
- Leadership: Daniel Lewis (CEO), Paul Drobot (Chief Sales Officer), Gabor Melli (VP of AI), Mike Contillo (Head of Product), Corey Longhurst (Head of Growth), Jeffrey Shimamoto (Head of Legal Content)
- Website: [LegalOn Technologies](https://www.legalontech.com/about) .Certainly! Here's the updated list, including Robin AI, for a more comprehensive view of the competitive landscape in the legal tech sector:
- . Robin AI, Ltd.:
- Focus: Automating contract drafting and negotiation processes using AI
- Founded: 2019
- Headquarters: London, England, with significant operations in the US
- Special Features: Integration of Anthropic's Claude Large Language Model for complex legal documents, unique "SaaS + services" business model with a 'lawyer-in-the-loop' approach
- Website: [Robin AI](https://www.robin
- . Kira Systems:
- Focus: AI-powered contract analysis and review
- Founded: 2011
- Headquarters: Toronto, Canada
- Special Features: Offers solutions for law firms, corporations, retail, insurance, real estate, financial services, audit, accounting, and advisory
- Market Presence: Global presence with law firms, professional service firms, Fortune 100 corporations, and financial services
- Website: [Kira Systems](https://kirasystems.com)【20†source】.**#. 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, Inc.:
- 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】.
- . LegalOn Technologies, Inc.:
2023
- GPT-4
- Here's a summary of LexCheck's products in bullet points:
- AI-Driven Contract Review: Utilizes proprietary AI trained on industry best practices for consistent and accurate contract markups.
- Contract Acceleration and Intelligence Platform: Streamlines negotiations by quickly delivering redlines and issues lists, saving time and reducing risk.
- Efficiency in Handling High Volume of Contracts: Significantly cuts down legal team's review time for low-risk contracts by up to 77%.
- Automatic Markups and Reviews: Generates quick reviews and markups of contracts for legal teams to finalize.
- Substantive Contract Language Changes: The platform can make substantial edits to contract language, handling both first- and third-party documents.
- Cost-Effective Legal Negotiation Services: Offers end-to-end negotiation services at a fraction of the cost of traditional solutions, reducing legal expenses and enhancing operational efficiency.
- Here's a summary of LexCheck's products in bullet points:
2023
- https://linkedin.com/company/lexcheck/about/
- QUOTE: LexCheck believes growth accelerates when companies agree faster. Our contract acceleration and intelligence platform streamlines negotiations by delivering redlines and issues lists in minutes while ensuring consistency across each contract reviewed—saving time and reducing risk. With LexCheck, business flows faster.
- Website: http://www.lexcheck.com
- Company size: 38 on LinkedIn
- Headquarters: New York, NY
- Founded: 2015
- Specialties: Legal Technology, Automated Review, Accelerated Review, Contract Review, Contract Analysis, Artificial Intelligence, Natural Language Processing, Risk Mitigation, Document Quality, Document Comparison, Automated Content Checking, Agreement Proofreading, Abbreviation Management, Technology, Software, Word Formatting, and Legal Solutions
2023
- https://lexcheck.com/press/lexcheck-accelerates-contract-flow-with-new-ai-copilot
- QUOTE: LexCheck is the leading contract acceleration and intelligence platform. LexCheck’s award-winning AI technology delivers on this promise by providing the highest quality revisions with the fastest turnaround times in the industry. Businesses with LexCheck flow faster. To learn more, visit https://www.lexcheck.com/.
2023
- (https://www.law.com/legaltechnews/2023/12/14/lexcheck-launches-dealdesk-services-supplementing-ai-review-with-contract-lawyers/)
- NOTE:
- It launched LexCheck DealDesk Services, which provide contract lawyers to clients for in-depth contract reviews, complementing the company’s AI platform.
- The LexCheck Platform uses AI models for initial contract markups and offers LexCheck CoPilot, a generative AI assistant for more complex reviews. However, for subsequent rounds and calls, DealDesk services involve human intervention.
- LexCheck CEO Gary Sangha stated that the service is designed for smaller companies and startups without fixed legal resources, as well as for businesses facing demand spikes in deal desk operations.
- DealDesk services use contract lawyers who contribute to building LexCheck’s AI models and a panel of independent, experienced contract negotiators.
- While initially serving large companies and law firms, LexCheck's clientele expanded to include ALSPs and individual contract lawyers.
- Despite the emergence of similar services from other legal tech companies and ALSPs, Sangha does not view LexCheck as an ALSP. He emphasizes the flexibility, speed, and quality of LexCheck’s AI-powered contract review solution.
- Sangha highlights the significance of speed in legal contract review, considering the pressure on legal departments to quickly process sales and deal contracts.