The AI Legal Assistant offers a comprehensive solution for understanding, customizing, and negotiating legal documents with professional expertise. It serves a broad user base, including over 44,000 users and 30,686 companies, and has been recognized for generating significant annual savings. This technology has garnered attention from legal professionals and industry leaders, as evidenced by partnerships and endorsements from notable entities like Withers LLP, Tech Nation Applied AI, Barclays Eagle Lab, and Entrepreneur First. Esteemed publications such as the Financial Times, TechCrunch, and Forbes have featured the AI Legal Assistant, acknowledging its innovative approach in empowering lawyers and its origins from research at University College London.
This assistant is unique in its utilization of advanced AI models, including GPT-4, Claude 2, and proprietary language models developed by Genie. It stands out as the world's first multimodal legal AI, capable of executing a wide array of tasks. These tasks range from highlighting risks and explaining clauses in simple terms to providing alternative clause suggestions and summarizing contractual obligations. The AI is adept at making complex legal processes more accessible and efficient.
The AI Legal Assistant provides an extensive array of features and resources:
- Extensive Template and Clause Libraries: Users have access to over 3,000 regularly updated legal templates, 500+ clauses, and 52,411 guidance notes. These resources cover a complete range of sectors, from technology to manufacturing, and are applicable in both the UK and the USA.
- Customization and Collaboration Tools: The platform allows for easy customization and review of documents with the AI assistant. It also supports real-time collaboration with team members and counterparts, all within a single platform.
- Advanced Document Editing and Management: The assistant includes a state-of-the-art legal contract editor, allowing for the upload and download of complex .docx documents. It supports project management for complex deals, offers granular user and counterparty permissions, and features a privacy-first design for document sharing.
- AI-Assisted Review and Analysis: The technology can highlight unused definitions in red, provide red flag document reviews, and facilitate commenting and replying with AI assistance. It also allows for track contract review with clause-by-clause approval.
- Accessibility and Community Input: The platform ensures regular updates by legal experts and includes community comments to enhance quality. It also offers useful tips and checks for key terms before entering a contract.
The AI Legal Assistant has processed 29,231 documents, made 3,492,154 clause edits, been involved in 21,783 projects, and identified 75,429 red flags, showcasing its extensive application and reliability in the legal field. This service is accessible with a free trial for an AI-assisted document, emphasizing its commitment to making legal assistance more accessible and efficient.
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