AI-enabled Contract Review Platform “LegalForce” Adopted by More Than 1,000 Customers
LegalForce, Inc. is pleased to announce that more than 1,000 customers, including companies and law firms, have implemented its AI-enabled contract review platform “LegalForce” as of July 2021.
What is the AI-enabled contract review platform “LegalForce”?
“LegalForce” is an AI-driven product that simultaneously enhances both quality and efficiency of the contract review process. It provides automatic review by its proprietary AI technology, a flexible search by article, and a variety of contract templates and formats. The platform is also useful for knowledge management as it accumulates historical records of the contract review. Launched in April 2019, the product has grown to be used by over 1,000 paying customers in about two years.
In 2021 alone, “LegalForce” has implemented new functions such as “paragraph-by-paragraph comparison” and “reference checker for article” to further accelerate the contract review process.
The company is always looking to expand functions and provide new services in order to meet its customers’ potential needs.
■ About LegalForce, Inc.
LegalForce, Inc. was founded in 2017 by two corporate lawyers from one of the top law firms in Japan. It develops and provides cloud-based software that improves the quality and efficiency of corporate legal operations by proprietary AI technology with legal insights. As academic initiatives, the company jointly researches with Kyoto University on artificial intelligence and natural language processing, and sponsors various academic conferences. LegalForce, Inc. launched AI-enabled contract review platform “LegalForce” in April 2019, and AI-enabled contract management suite “LegalForce Cabinet” in January 2021.