LegalOn Technologies, a leading global provider of legal AI for contract review, has unveiled a new solution specifically designed for UK contracts. The launch aims to streamline the contract review process for legal departments and law firms, enabling them to review and redline agreements up to 85% faster. This innovative solution leverages artificial intelligence and legal content tailored to the laws of England and Wales.
The introduction of LegalOn for the UK-specific product follows a remarkable period of global expansion for the company, which has seen a significant increase in its customer base. In just five months, LegalOn has added 1,000 new customers, bringing its total to over 6,000 worldwide. Among these are more than 100 companies and firms operating within the UK, reflecting a growing demand for sophisticated, localized AI solutions in the legal sector.
Daniel Lewis, CEO of LegalOn Technologies, expressed his enthusiasm for the UK launch, stating, “With LegalOn’s jurisdiction-specific legal content and AI, our customers are cutting costs and contract review time from Day 1. We’re excited to extend these benefits to UK businesses and those contracting under English and Welsh law.”
LegalOn’s AI capabilities are designed to provide instant reviews of contracts, identifying UK-specific risks and suggesting changes based on language and practical guidance developed by experienced UK attorneys. This feature effectively serves as a comprehensive “playbook,” offering immediate value to legal professionals by reducing the time spent on contract reviews.
The company’s AI contract review playbooks for the UK are part of a wider suite of tools designed to enhance contract management. Key features of the LegalOn platform include:
- Review: Users can instantly review first and third-party contracts, tailoring the AI to their specific risk preferences and playbook positions.
- Revise: The platform generates precise, word-by-word redlines in seconds, ensuring accuracy and consistency in contract modifications.
- Assistant: A generative AI legal assistant can draft new clauses, summarise complex language, and respond to contract-related inquiries.
- Collaboration: Enhanced team collaboration is facilitated through robust version tracking, clause comparisons, and an intuitive contract dashboard.
- Search, Store, & Comparison: LegalOn allows users to easily compare contracts, locate necessary clauses, and conduct efficient searches within their contract databases.
- Access Management & SSO: Advanced access management features and seamless single sign-on integration ensure security and control over sensitive documents.
LegalOn’s launch in the UK marks a significant milestone in the company’s mission to transform the legal landscape through AI technology. As businesses and legal firms increasingly seek to improve their contract management processes, LegalOn’s tailored solutions are expected to play a crucial role in enhancing efficiency and reducing costs.
Companies and law firms interested in exploring LegalOn’s offerings are encouraged to learn more and request a demo of the solution specifically designed for the UK market.