SpeedLegal vs Legartis 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.

Legartis

Legartis offers an advanced Artificial Intelligence solution designed for automated contract review and comprehensive legal analytics. It assists legal, sales, and procurement teams by streamlining contract workflows and identifying potential risks. The platform operates effectively in German, English, and French, functioning independently as either a Microsoft Word add-in or a web application. Leveraging a combination of proprietary, pre-trained AI developed over seven years and Large Language Models (LLMs), Legartis ensures high accuracy, consistently achieving over 90% precision in its analyses.

The tool significantly boosts productivity by accelerating the contract review process by over 85% through highly customizable automation features like Legartis Prompts. Beyond review, Legartis facilitates the extraction of relevant data from active contracts, providing actionable insights into key performance indicators. It comes equipped with over 160 pre-trained clauses, enabling immediate analysis of various contract types, whether dealing with single documents or thousands. All contract data is processed securely on GDPR-compliant servers located in Switzerland, and an Open API allows for seamless integration with existing Contract Lifecycle Management (CLM) systems.

SpeedLegal

Pricing

Paid

From 252$

Legartis

Pricing

Contact for Pricing

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.

Legartis

Features

AI Contract Review: Accelerates contract review using pre-trained AI and LLMs.
AI Legal Analytics: Extracts relevant data and provides insights from active contracts.
Multi-language Support: Operates in German, English, and French.
High Accuracy: Achieves over 90% accuracy through multi-stage quality assurance.
Platform Integration: Available as a Word add-in and web app.
Customizable Automation: Uses Legartis Prompts for tailored automation levels.
Pre-trained Clauses: Comes with 160+ pre-trained clauses for immediate analysis.
Open API: Allows integration with CLM systems for data synchronization.
GDPR Compliant: Processes data on servers in Switzerland.

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.

Legartis

Use cases

Automating routine contract reviews for legal teams.
Accelerating sales contract processing and ensuring compliance.
Improving efficiency in procurement contract analysis.
Performing large-scale analysis of active contracts for risk assessment.
Reviewing specific contract types like DPAs and NDAs quickly.
Extracting key metadata from contracts for CLM systems.

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.

Legartis

FAQs

What does automated contract review mean?

Automated contract review means that certain contract review processes are automated. This includes pointing out faulty, missing or incomplete clauses with the help of AI. Certain work steps are carried out manually by the reviewer, others are taken over by AI.

How does Legartis’ AI work?

Our team of legal experts trains Legartis’ AI on different clause types and legal concepts. It therefore arrives pre-trained and able to analyse your contracts from day one of use.

What languages does Legartis’ AI speak?

Legartis understands and performs at a high level in these languages: German, English and French. Other languages can be trained on demand.

How accurate is Legartis' AI?

Our legal engineering team works with test sets and only releases checkpoints when the AI achieves an accuracy of over 90%. For you, this means that with Legartis AI you receive very high and consistent AI quality from day 1.

Can Legartis be integrated with other tools (e.g. CLM)?

Legartis is designed with an open API. This means that integration into other systems is possible without any problems.