Web app

SpeedLegal
SpeedLegal is an AI-powered contract review tool that identifies risks and provides suggestions. It is designed for lawyers and non-lawyers to understand contracts quickly.
- Platform
- Web app
- Categories
- AI Contract Management, Large Language Models (LLMs), Legal Assistant
- Indexed
- 2024-04-09
About SpeedLegal
What is SpeedLegal
SpeedLegal is a technological startup that uses Machine Learning technology, specifically Deep Learning, LLMs, and genAI, to highlight the terms and key risks of any contract. It analyzes documents and sends a simplified report so users can make informed decisions before signing. The platform is designed for both lawyers and non-lawyers, helping them understand complicated contracts with short and simple summaries.
Key features
SpeedLegal offers several key features:
- Red Flag Analyzer: Finds hidden risks and unfavorable terms, alerts for common contractual issues, prevents unfavorable terms, reduces oversight errors, and safeguards interests.
- Personalized Suggestions: Provides tailored suggestions based on specific contract needs and standards set by the user, allowing users to solve red flags in a single click and add missing criteria.
- Ask our AI: Users can ask questions about contracts and get answers in plain, easy-to-understand language, available around the clock.
- Automated Contract Summary: Provides a brief overview of the contract, including accountability, relevant dates, and criteria.
- Custom Contract Standards: Users can upload their own standards or create from scratch, with templates available, to maintain uniformity.
Use cases
SpeedLegal is used by professionals to review contracts faster, organize them in one place, and track important dates. For example, Twinkly reduced their contract negotiation time by 50% and identified key financials 6x faster, saving over $67,000 in outside counsel. It is also used by companies like Cloud Academy to support their sales organization in closing deals faster. The platform supports 25+ types of contracts in 5+ languages, making it versatile for various industries.
Pricing
The page does not specify pricing details. However, it mentions that for Startup, Growth, and Enterprise users, contracts are reviewed by a real lawyer in addition to AI. The human check is currently free during Beta. Users can book a demo or contact the team for more information.
Questions
SpeedLegal FAQ
- What is SpeedLegal?
- SpeedLegal is an AI tool available as a web app in the AI Contract Management, Large Language Models (LLMs), Legal Assistant categories. SpeedLegal is an AI-powered contract review tool that identifies risks and provides suggestions. It is designed for lawyers and non-lawyers to understand contracts quickly.
- What is SpeedLegal used for?
- SpeedLegal is filed under AI Contract Management, Large Language Models (LLMs), Legal Assistant in the AITOOLIST index. SpeedLegal is an AI-powered contract review tool that identifies risks and provides suggestions. It is designed for lawyers and non-lawyers to understand contracts quickly.
- Is SpeedLegal a web app, an extension or a native app?
- SpeedLegal is a web app.
Listed in the AITOOLIST index since 2024-04-09.