Provides an AI-powered Microsoft Word add-in that automates contract drafting, review, discovery, and anonymization, ensuring compliance and risk mitigation while protecting sensitive information. By reducing contract review time by 2.5x and saving over an hour per discovery query, it streamlines legal workflows for enterprises in banking, insurance, and legal services.
Funding
$18.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Legal professionals face challenges in efficiently drafting, reviewing, and managing contracts, often spending excessive time on repetitive tasks and risking non-compliance. Traditional methods of contract analysis and discovery are time-consuming and can expose sensitive client information.
Solution
Legalfly offers an AI-powered Microsoft Word add-in designed to streamline legal workflows by automating contract drafting, review, discovery, and anonymization. The platform enables legal teams to draft documents from templates, analyze contracts for compliance and risks, and quickly discover relevant information within document sets. By anonymizing sensitive data before processing, Legalfly ensures data privacy and security. The AI-driven tools reduce contract review time and accelerate discovery, allowing legal professionals to focus on higher-value tasks.
Target Audience
Legalfly targets legal service providers, enterprises, and professionals in banking, insurance, and other industries who require efficient and secure contract management solutions.
Features
- Microsoft Word add-in for seamless integration into existing workflows
- AI-powered contract review for compliance, risk identification, and non-standard term detection
- Automated document drafting based on user-defined templates
- Discovery tools for efficient legal research and information retrieval within contracts
- Anonymization of sensitive information to ensure data privacy and compliance
- Multi-document review feature for analyzing document sets related to litigation cases
- ISO 27001 certified and SOC 2 Type II compliant for vendor security assurance