Introducing a powerful ThoughtRiver alternative

SpeedLegal let’s you draft, edit, redline, review, sign and store contracts, all in one place, all with the power of AI.

Disclaimer - The information provided by SpeedLegal on the website (the “Site”) is for general informational purposes only. All information is provided in good faith, however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site. All the comparisons made here are as per the guidelines of the Federal Trade Commission.

Is ThoughtRiver right for you?

If your goal is simply to store contracts, sign existing ones, get a basic risk analysis, ToughtRiver can do that for you.

However, if you require a more comprehensive CLM/CMS solution that allows you to review and analyze contracts,draft or edit them, or handle contracts in various languages, ThoughtRiver may not fully meet your requirements.

Let’s look at what’s missing and why should you bother -

Contract Summary - You still need to go through the entire contract line by line, every time you draft or get one to review. There’s no way to understand contracts quickly and avoid reading 20-30 pages for every contract you get.

Multiple Language Support - Contracting happens worldwide, and you might often need to sign contracts with parties in other countries. With no way to handle contracts in other languages, You’ll have to rely on other country’s lawyers to review your contracts, not to mention that you’ll need to store, manage and handle those contracts in a different place now.

Bulk document upload - This is a feature that might not bother you at certain points but individuals or entities dealing with more that 10 contracts at a time may find it annoying, not being able to upload a folder/drive having multiple contracts. 

Drafting and editing- The ability to draft and edit contracts is a crucial feature that would allow you to create customized contracts that meet your specific needs. Not being able to do that in a CLM software makes the process of drafting and editing tedious since you'll then need to do that in a seperate platform every time.

When you consider all these factors, it gets clear that ThoughtRiver at the moment is far from being called a complete CLM solution for now.

5 key differences that make SpeedLegal the perfect ThoughtRiver alternative

Contract Summary
SpeedLegal has a unique way of providing a contract summary with their feature called “Contract Nutrition label™”. This gives you an overview of the basic structure of the contract including your obligations, rights and what can be sued for details, considering both parties.

Using SpeedLegal, give you the ability to understand your contract at just a glance and you don’t have to read the contract line by line to get these key details.
Bulk document upload
SpeedLegal gives you the ability to upload folders/files with multiple documents as well as accepts single uploads. In case that you have multiple contracts you won't have to bother to upload them one by one.
Multi-Language Support
No matter in which Language you get your contracts in, SpeedLegal can help you manage all of them in a single place.
Drafting & Editing
SpeedLegal gives you the ability to draft your contracts along with the option to edit risky clauses in the existing ones. Now you don’t have to send entire contract every time there’s a change in them. You and your team can also add comments and collaborate on the platform to make the contract review process faster and smoother.
Contract negotiation options
With the ability to edit contracts SpeedLegal has a user friendly operating system, where it is easy to keep the communication going. It's an important feature as negotiation can help establish a positive relationship between the parties, which can be beneficial for future collaborations.

Effective communication, trust, and mutual understanding are essential for building long-term partnerships, and negotiation provides a platform for establishing these critical elements

Watch SpeedLegal in action

Let’s see a detailed comparison

How does SpeedLegal compare with ThoughtRiver?

Notification and reminders
Contract collaboration
Central Storage
Contract templates
Mass document upload
Contract summary
Contract review
Risk Analysis
Multiple language support
Regulatory Compliance
Market Standard

What Our Customers Say

Get a Complete CRM solution with SpeedLegal.

SpeedLegal users are typically able to put on autopilot their contract review and manageent process.Get started now for FREE!