SpeedLegal saves 550 hours to law firms yearly, reduces risk by 98%, saving thousands
As an individual attorney
I need to review contracts on a daily basis and spot deviations from the standard terms
- I need to keep the cost low for clients in order to keep a good relationship
- I do an initial read through and overall I read the contract 4/5 times
- Going through the documents, understanding if it is the latest version, categorizing and tagging them takes time
- Editing, reviewing, maintaining document version control and checking for duplicates is very time consuming
As a partner at a boutique law firm
I need to coordinate a team of junior lawyers and onboard new clients in a timely matter
- Retrieving, storing and finding the right document takes time
- I need to identify all contracts that have value higher than $100k
- I need to review 100,000 documents and spot liability provisions (e.g. 100k $), IP provisions, etc.
- There are a lot of exhibits and knowing exactly where the charts are within the document is time consuming
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Balancing Precision: Humans vs. AI in Contract Law
AI is reshaping contract review in the legal industry, boasting higher accuracy and speed compared to human analysis, while still facing challenges with context and nuanced interpretations. This blog compares the strengths and limitations of both approaches, illustrating how tools like Speedlegal's AI empower users to grasp complex contract provisions efficiently.
Avoid the Unknowns
Our automated risk analysis will save precious time and help you understand the key provisions and the risks of any legal document.
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