Legartis

The Leading AI for Contract Review and Analysis

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Description

Legartis is an AI platform designed to automate and accelerate contract review and analysis for businesses. It assists legal, sales, and procurement teams by automatically reviewing contracts, identifying risks, and extracting key data points. Leveraging a pre-trained proprietary AI combined with Large Language Models (LLMs), Legartis achieves high accuracy (over 90%) in analyzing various contract types across multiple languages, including German, English, and French.

The tool integrates seamlessly into existing workflows, offered as a Microsoft Word add-in or a web application, capable of processing both PDF and Word documents. It helps ensure compliance, improves efficiency by significantly reducing review times (e.g., DPA reviews from 45-60 minutes to under 10), and provides actionable insights through its Legal Analytics feature. With features like customizable automation via Legartis Prompts and an Open API for CLM synchronization, Legartis aims to enhance productivity and risk management in contract handling.

Key Features

AI Contract Review: Automated analysis identifying faulty, missing, or incomplete clauses with over 90% accuracy.
AI Legal Analytics: Extracts relevant data and KPIs from active contracts for actionable insights.
Multi-lingual Support: Operates in German, English, and French, with other languages trainable on demand.
Pre-trained AI + LLMs: Combines proprietary AI trained for over 7 years with Large Language Models for high precision.
Integration Options: Available as a Microsoft Word add-in and web app, processes PDF & Word docs.
Customizable Automation: Utilizes Legartis Prompts for tailored automation levels and process acceleration.
Open API: Enables seamless integration with Contract Lifecycle Management (CLM) systems.
Standard Playbooks: Access to pre-defined playbooks for common contract types (NDA, DPA, Basic commercial/general).
GDPR Compliant: All contract data processed exclusively on servers in Switzerland.

Use Cases

Accelerating contract review cycles for legal departments.
Ensuring compliance and standard adherence for sales teams during contract closure.
Increasing efficiency in procurement contract analysis.
Automating preliminary Data Processing Agreement (DPA) reviews.
Extracting key metadata and KPIs from large volumes of contracts.
Managing contract risk across the organization.
Synchronizing contract data with existing CLM systems.

Frequently Asked Questions

What does automated contract review mean?

Automated contract review means that certain contract review processes are automated using AI. This includes pointing out faulty, missing, or incomplete clauses. While AI handles parts of the review, certain steps might still be carried out manually by the reviewer.

How does Legartis’ AI work?

Legartis’ AI is pre-trained by a team of legal experts on different clause types and legal concepts. It combines this proprietary AI with LLMs, allowing it to analyze contracts effectively from day one without requiring user training.

What languages does Legartis’ AI support?

Legartis understands and performs contract analysis at a high level in German, English, and French. Other languages can potentially be trained upon request.

How accurate is Legartis' AI?

Legartis' AI consistently achieves over 90% accuracy through multi-stage quality assurance processes before release.

How does Legartis fit into the existing tech stack?

Legartis can function as a stand-alone solution or integrate with existing technologies. It offers a Microsoft Word add-in (compatible with Office 2019/365/Online) and can be combined with contract management solutions supporting Word reviews via its Open API.