SpeedLegal vs Legly 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.

Legly

Legly utilizes artificial intelligence to streamline the contract review process for businesses, law firms, and legal tech vendors. The platform reads business contracts in seconds, identifying potential risks and opportunities. It highlights deal-breakers and missing clauses based on user preferences, helping users gain confidence before signing agreements.

Legly extracts key metadata from contracts, which can be used to populate various systems like CLM, CRM, or SRM. It offers visual contract portfolio overviews and smart search capabilities for efficient contract management and analysis. The tool supports PDF, scanned PDF, and Word document uploads.

SpeedLegal

Pricing

Paid

From 252$

Legly

Pricing

Freemium

From 29$

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.

Legly

Features

AI Contract Review: Reads business contracts in seconds using AI to identify risks and opportunities.
Deal-breaker Highlighting: Automatically flags deal-breakers and missing clauses based on user preferences.
Metadata Extraction: Extracts key data from contracts for populating CLM, CRM, SRM, and other repositories.
Contract Portfolio Visualization: Provides a visual overview of contract portfolios for easy analysis.
Smart Search: Enables users to find specific information within contracts efficiently.
Multiple Format Support: Accepts uploads in PDF, Scanned PDF, and Word formats.
Customizable Review Guidelines: Allows enterprise users to set customized review guidelines.

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.