SpeedLegal vs Law Insider Detailed comparison features, price

SpeedLegal

SpeedLegal is a contract review platform that utilizes AI to accelerate and enhance the contract analysis process. It helps users identify risks, understand complex legal terms, and provides custom suggestions based on the specific contract type and user-defined standards.

The platform offers features such as automated contract summaries, risk analysis, and the capability to ask AI questions. It's applied and usable to the Common Law legal system, covering contracts in the USA, Europe, and Latin America.

Law Insider

Leverage AI capabilities to accelerate contract drafting, review, and redlining processes. This platform provides access to the world's largest public contract database, allowing users to find appropriate language and benchmark clauses against the Law Insider Index. It integrates directly into Microsoft Word for efficient contract analysis and redlining, ensuring compliance with industry standards and customizable expert playbooks.

Create and tailor contract playbooks using a comprehensive library of expert-backed standards. The tool facilitates the generation of contract clauses using AI, validated against its extensive database for accuracy. It supports legal teams with features designed for customization, collaboration, and enhanced AI functionalities, aiming to streamline the entire contract lifecycle.

SpeedLegal

Pricing

Paid

From 252$

Law Insider

Pricing

Free Trial

From 25$

SpeedLegal

Features

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.

Law Insider

Features

AI-Powered Contract Review & Redlining: Review, redline, and summarize third-party contracts using AI within Microsoft Word.
Law Insider Index Score: Benchmark third-party and AI-generated clauses against a large public contract database.
Playbook Builder & Standards Library: Create and customize contract playbooks using expert-backed standards.
AI Clause Drafting: Generate contract clauses using AI, validated against the Law Insider database.
Public Contract Database Access: Search millions of public contracts and clauses.
Microsoft Word Integration: Review and redline contracts directly within Microsoft Word.

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.

Law Insider

Use cases

Drafting legal contracts using AI assistance and database examples.
Reviewing and redlining third-party contracts efficiently.
Ensuring contract compliance with industry standards.
Benchmarking contract clauses against market standards.
Creating and managing standardized contract playbooks for legal teams.
Collaborating on contract drafting and review within teams.

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.

Law Insider

FAQs

How does the 7-day trial work?

The paid trial provides full access to the features of the selected plan. After 7 days, the subscription automatically continues at the chosen monthly or annual rate unless canceled beforehand.

Can I cancel my subscription at any time?

Yes, subscriptions can be canceled anytime via account settings or by emailing support. Access remains active until the end of the current billing period, with no refunds for unused time.

What payment methods are accepted?

Credit/debit cards (Visa, MasterCard, AMEX, Discover), bank transfers (ACH), Apple Pay, Google Pay, and PayPal upon request are accepted.

What's the difference between Free, Premium, and Pro Access?

Free Access offers limited daily/monthly usage. Premium Access provides full AI drafting/redlining, standard playbooks, and Word integration for individuals. Pro Access includes Premium features plus custom playbooks, team access, advanced AI, and priority support.

Is my contract data secure?

Contract data is not stored or shared beyond AI processing needs and is not used for training. Servers are hosted on Google Cloud Platform (GCP) in the US. Enterprise plans offer SOC 2 and GDPR compliance options.