Division:South/North America
Field:Artificial Intelligence
Project Evaluation:10 Financing Amount:Secret Cede Share:Secret
SpeedLegal helps legal professionals review complicated contracts in a few minutes instead of a few hours.
We allow our users to reduce 50% of the cost of legal due diligence and avoid making mistakes so they can make more deals.
SpeedLegal uses a set of machine learning tools to extract useful data from bulk-uploaded contracts so lawyers can focus on the parts that require more attention.
Our users have higher ROIs on the document review process compared to those who are not using SpeedLegal's red-flag analysis and summary report features.
SpeedLegal uses deep learning algorithms, entity extraction, summaries and red-flag analysis to extract useful data from documents uploaded in bulk so lawyers don't need to read each document line by line.
Legal due diligence is a process that takes a lot of time where junior lawyers need to review thousand of documents in a short amount of time and they cannot make mistakes.
The other use case is small and medium law firms that are lean and cost effective and have high workload and few human capital.
The core members of the project have rich industry experience and a strong technical and management team.