Legly vs Midly.AI Detailed comparison features, price

Legly

Legly utilizes artificial intelligence to streamline the contract review process for businesses, law firms, and legal tech vendors. The platform reads business contracts in seconds, identifying potential risks and opportunities. It highlights deal-breakers and missing clauses based on user preferences, helping users gain confidence before signing agreements.

Legly extracts key metadata from contracts, which can be used to populate various systems like CLM, CRM, or SRM. It offers visual contract portfolio overviews and smart search capabilities for efficient contract management and analysis. The tool supports PDF, scanned PDF, and Word document uploads.

Midly.AI

Midly.AI is an AI-powered platform designed to simplify and accelerate the contract management process for businesses. It utilizes advanced machine learning algorithms to analyze contracts, clearly identifying key terms and potential risks. This allows users to understand complex legal documents more easily and make informed decisions without getting bogged down in jargon.

The platform streamlines the entire contracting lifecycle by automating repetitive tasks such as contract creation, review, and approval. Midly.AI also enhances team collaboration with real-time features and version control, ensuring all stakeholders are aligned. With integrated digital signatures and a mini CRM, it provides a comprehensive solution for managing deals efficiently from start to finish, ultimately helping businesses improve their operational efficiency and close deals more quickly.

Pricing

Legly Pricing

Freemium

From $29

Legly offers Freemium pricing with plans starting from $29 per month .

Midly.AI Pricing

Paid

From $47

Midly.AI offers Paid pricing with plans starting from $47 per month .

Features

Legly

AI Contract Review: Reads business contracts in seconds using AI to identify risks and opportunities.
Deal-breaker Highlighting: Automatically flags deal-breakers and missing clauses based on user preferences.
Metadata Extraction: Extracts key data from contracts for populating CLM, CRM, SRM, and other repositories.
Contract Portfolio Visualization: Provides a visual overview of contract portfolios for easy analysis.
Smart Search: Enables users to find specific information within contracts efficiently.
Multiple Format Support: Accepts uploads in PDF, Scanned PDF, and Word formats.
Customizable Review Guidelines: Allows enterprise users to set customized review guidelines.

Midly.AI

AI-Driven Contract Analysis: Leverages advanced machine learning to review contracts, making key terms and potential risks easy to understand with clear, concise summaries.
Automated Workflows: Automates repetitive tasks like contract creation, review, and approval, freeing up teams for strategic decisions.
Real-Time Collaboration: Enables teamwork with version control and commenting features to ensure everyone is aligned.
Seamless Digital Signatures: Provides secure, efficient digital signatures to streamline the signing process and close deals faster.
Integrated Mini CRM: Keeps contracts and customer relationships in one place for effective deal management.
In-App Status Notifications: Provides updates on key contract milestones and changes within the platform.

Use Cases

Legly Use Cases

Reviewing business contracts before signing.
Conducting due diligence for law firms.
Extracting metadata for CLM, CRM, or SRM population.
Analyzing contract portfolios for risks and opportunities.
Integrating AI contract review into legal tech platforms.
Organizing and managing contracts efficiently.

Midly.AI Use Cases

Streamlining unclear sales and contract workflows for sales executives.
Reducing time spent on contract management for startup founders to focus on business growth.
Accelerating deal closure for key account managers, especially during peak periods.
Minimizing redundant escalations to legal counsel by ensuring basic updates are pre-checked.
Bridging communication gaps between disconnected teams and tools for operations managers.
Assisting entrepreneurs with limited time or legal expertise in reviewing contract details.
Empowering business development managers to explain contract terms without extensive legal knowledge.