Lawgeex

What is Lawgeex?

Lawgeex is an innovative AI-powered contract review automation platform designed to streamline and expedite the contract review process for legal teams. By leveraging patented AI technology, Lawgeex understands contractual context and your specific position, enabling it to review and redline legal documents based on predefined company policies. This results in significant time savings, reduced costs, and improved accuracy compared to traditional manual review methods.

How does Lawgeex work?

Lawgeex functions as an extension of your legal team, providing consistent and efficient contract review. Here’s how it works:

1. AI-Powered Review: Lawgeex uses its AI engine to automatically review contracts, identifying unacceptable or missing clauses.
2. Contextual Understanding: Unlike basic clause-flagging tools, Lawgeex comprehends the contractual context and your company’s specific requirements.
3. Automated Redlining: The platform makes redlines directly to the contract, negotiating with the counterparty in a manner similar to an experienced attorney.
4. Policy Enforcement: Lawgeex ensures that all contracts adhere to your company’s predefined policies.

Key Features of Lawgeex

• Contract Review Automation: Automatically reviews and redlines contracts based on company policies.
• Digital Playbook: Implements a digital playbook to guide the AI in understanding and applying company-specific rules.
• Artificial Intelligence: Uses patented AI technology to comprehend contractual context and negotiate terms.
• Analytics: Provides data-driven insights to improve contract management processes.

Why choose Lawgeex?

• Time Savings: Saves up to 80% of the time spent on reviewing and approving contracts.
• Faster Deal Closing: Accelerates deal-closing time by up to 3x.
• Cost Reduction: Reduces costs by up to 90% compared to manual contract review.
• Consistency: Ensures consistent contract review in line with company policies.
• Reduced Risk: Minimizes the risk of errors and non-compliance.

Who is Lawgeex for?

Lawgeex is ideal for:

• Legal Teams: Overwhelmed by the volume of contracts requiring review.
• Businesses: Seeking to reduce costs and improve the efficiency of contract management.
• Companies: Aiming to standardize contract review processes and ensure compliance.

Lawgeex Impact

Forrester’s Total Economic Impact™ of Lawgeex Report highlights significant benefits:

• 209% ROI
• Over 6500+ hours saved in contract review and negotiation

GE Power Conversion also leverages Lawgeex to drive operational efficiency and achieve more with fewer resources.

How to use Lawgeex?

1. Request a Demo: The best way to understand the value of Lawgeex is to see it in action. Request a demo to experience the platform firsthand.
2. Implement Digital Playbook: Customize the platform with your company’s specific rules and policies.
3. Automate Contract Review: Upload contracts to the platform and let Lawgeex handle the review, redlining, and negotiation.

Best way to streamline contract management?

The best way to streamline contract management is to adopt an AI-powered solution like Lawgeex. By automating the review process, companies can save time, reduce costs, and improve accuracy. Furthermore, features such as a digital playbook ensure consistency and compliance across all contracts.

By implementing Lawgeex, businesses can focus on strategic initiatives while ensuring their contracts are thoroughly reviewed and aligned with their policies.