SpeedLegal VS LexCheck

SpeedLegal Pricing

LexCheck Pricing

SpeedLegal

• Red Flag Analyzer: Find hidden risks in your contracts and prevent unfavorable terms.
• Personalized Suggestions: Receive tailored suggestions based on your specific contract needs and standard set by you.
• Ask our AI: Get quick answers to your contract-related questions.
• Automated contract summary: Understand complicated contracts with short and simple summaries.
• Set your own contract standards: Customize your contract standards to match your business goals.

LexCheck

• Instant Insights: Provides transparent and comprehensive insights about why contract language is potentially problematic and requires attention.
• Accurate Redlines: Effortlessly applies preferred language with a redlining feature to address problematic terms highlighted by instant insights.
• Rapid Implementation: Allows new playbooks to be implemented in minutes by uploading a template, automatically capturing preferred positions.
• Risk Minimization: Utilizes time-tested, well-established, and highly secure AI technology to ensure project success and reduce contractual risk.
• Integrated Workflows: Operates directly within Microsoft Word, enabling users to keep their work in one place and update playbooks or add fallback language seamlessly.

SpeedLegal Use Cases

• Reviewing and understanding various contract types (e.g., MSAs, NDAs, employment agreements).
• Identifying potential risks and unfavorable terms within contracts.
• Getting quick clarifications on specific clauses or legal jargon.
• Creating concise summaries of complex contracts.
• Setting and maintaining consistent contract standards across an organization.

LexCheck Use Cases

• Accelerating deal-making processes through faster contract turnaround.
• Optimizing contract negotiation workflows for legal and sales teams.
• Reducing time and resources spent on manual contract review and redlining.
• Ensuring contract compliance with company playbooks and preferred legal language.
• Minimizing legal risks by identifying problematic clauses and suggesting approved alternatives.
• Facilitating smoother and more efficient contract negotiations between parties.

SpeedLegal FAQs

• What is SpeedLegal?

  SpeedLegal is a technological startup that uses Machine Learning technology (specifically Deep Learning, LLMs and genAI) to highlight the terms and the key risks of any contract. We analyze your documents and send you a simplified report so you can make a more informed decision before signing your name on the dotted line.
• Is my contract reviewed by a real lawyer?

  Yes, for Startup, Growth, and Enterprise users.SpeedLegal uses Deep Learning models (AI) to highlight the key provisions and identify the main risks of a contract. We also offer an additional human check on top of the AI models to give our users more assurance. The human check is currently free (during Beta).
• How are market standards created at SpeedLegal?

  SpeedLegal creates its own Market Standards by analyzing tens of thousands of high-quality contracts and over 1 billion data points to cluster millions of targeted data points. Additionally, we consult with our Committee of Industry experts to fine-tune our standards, taking into account factors such as jurisdictions, contract types, parties involved, and key clauses. We recognize that data biases may exist, so we double-check our Market Standards with legal experts from top law firms and enterprise organizations to avoid any one-sidedness or unwanted biases.
• Is SpeedLegal.io website secure?

  We care about your contracts so we use the highest level of security to store and protect your contracts. Among our security protocols: Encryption SSL Certificate - SHA-256 With RSA Encryption, Firewall - Virtual Private Security groups. We encrypt our user credentials on signup and ensure they are logged in through a secure channel.
• Do you provide legal advice?

  At SpeedLegal, we do not provide legal advice. Instead, we serve as a contract reading facilitator and provide statistical inferences to support your decision-making processes. As an Alternative Legal Service Provider (ALSP), our focus is on offering innovative solutions for contract management and contract augmentation, similar to companies in this segment. Our primary goal is to enhance efficiency and streamline your contract negotiation process while working in collaboration with your legal team. Please check our disclaimer.

LexCheck FAQs

• How does LexCheck ensure accuracy in contract review?

  LexCheck uses its LLM-powered AI to provide accurate redlines and instant, transparent insights into why contract language is problematic, based on your pre-defined playbooks and preferred positions.
• How quickly can LexCheck be implemented?

  LexCheck offers rapid implementation. You can implement your new playbook in minutes by simply uploading your template, and your preferred positions are automatically captured.
• Does LexCheck integrate with other software?

  Yes, LexCheck integrates directly within Microsoft Word, allowing users to keep their work and workflows in one place.
• What kind of AI technology does LexCheck use?

  LexCheck is built using the latest advancements in AI technology, specifically as an LLM-powered contract review software.
• How does LexCheck help reduce risk and costs?

  LexCheck helps minimize risk by using secure and well-established AI to identify problematic terms and ensure compliance. It also reports a reduction in legal costs per contract review by significantly speeding up the review process.

Uptime Monitor

Uptime Monitor