Having used the platform for contract review, this reviewer finds it effective in reducing costs and automating tasks. The main drawback is the high subscription fees and a need for a more user-friendly interface.
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Clarity.The was they presents the module and your choice be easy
The NDA is very useful Review collected by and hosted on G2.com.
Nothing as such. Quiet good and user friendly process Review collected by and hosted on G2.com.
You need technology to do more than just help you do difficult tasks faster. Just because you can do something that used to take hours in minutes, does not mean you have to do it four times over. At some point your software should accept the hint.
LexCheck is a lawful innovation organization offering an AI-driven stage that speeds up deals by, in addition to other things, consequently auditing and reexamining pre-execution contracts. LexCheck's foundation consequently rolls out considerable improvements to contract language and is prepared to deal with both first-and outsider paper. LexCheck gives usefulness to all degrees of agreement drafting and survey, going from conventional course business agreements to complicated, high-stakes arrangements. As well as working on the exactness and consistency of agreement audit and amendment, LexCheck can incorporate with existing lawful tasks foundation to limit the data transfer capacity and time expected to support and execute authoritative records and furthermore give the measurements expected to upgrade execution. Review collected by and hosted on G2.com.
Although LexCheck provides us with the best technology, it does not help our business grow in every way. Similarly, the high price of this can be difficult for us at times. It has only minor drawbacks. Review collected by and hosted on G2.com.
Lexcheck's AI system is best in the industry, using real AI technology (developed by a team of lawyers and linguists) to review and mark-up contracts according to your organisation's unique playbook within minutes.
What we especially like about LexCheck is its ability to surgically amend clauses within contracts (as opposed to replacing existing wording with your organisation's preferred wording) all within minutes. LexCheck has since cut down the time our organisation's legal team reviewing and editing NDAs by 77% with the average turnaround time from beginning of review to sending Legal's comments back being less than 7 minutes.
What we also find impressive and the killer feature of LexCheck is LexCheck *does not* rely on *hundreds* of samples of *one* document type in order to develop their AI system *unlike* every other AI contract review competitor in the market. Instead, they simply need only *20 to 25 samples* of a contract type and only *5 samples* of each specific playbook rule to build out the AI system, regardless of the nichness or complexity of the document type or playbook rule. This makes LexCheck's AI system vastly superior to other competitors our organisation has explored who either rely either on human attorneys to actually do the review/editing (which, anecotally speaking, may result in up to a week's turnaround time and fundamentlaly does not differ from a third party legal service provider solution) or machine learning (which require hundreds of samples of one type of document and playbook rule in order to develop their "AI" system). As our organisation's contracts are highly specialised and unique to its industry, the fact that LexCheck only requires 25 document samples and 5 samples for each playbook rule is vastly more preferable for our AI contract review solution. This is especially more so when we update our playbooks to comply with new regulation/industry standards whereby LexCheck only requires 5 samples (not hundreds) of how the new playbook rule should operate to update the AI system.
Lastly, the team at LexCheck is fantastic and a dream to work with. They're professional, understanding, capable and efficient and have delivered and are delivering upon the expectations we required of them for our AI contract review solution. They've developed and implemented numerous improvements to the AI system since we've started development, and they keep us up to date on what's on the roadmap for improvements and fixes regularly. They have also provided our organisation end-to-end support with the roll-out of the AI system to the legal team with a planned rollout to the rest of the Business for self-service. Review collected by and hosted on G2.com.
The LexCheck team has mostly addressed developing points with our AI system since we've started development and roll-out. Minor points are limited to the occasional formatting errors which are on their roadmap to be resolved. Review collected by and hosted on G2.com.
centralization of contract management for both clients and suppliers Review collected by and hosted on G2.com.
implementation costs and lack of multilingual support Review collected by and hosted on G2.com.
Working completely virtual during COVID 19 and other issues is very challenging, but the company makes a solid effort to bring everyone together on daily virtual calls. Review collected by and hosted on G2.com.
`nothing especially hut updates the user interface and contact title process show messy. Review collected by and hosted on G2.com.
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