LegalForce (リーガルフォース) AI Contract Review Platform Introduction
LegalForce is an AI-powered contract review platform that combines cutting-edge technology with legal expertise to streamline and enhance the contract review process.
View MoreWhat is LegalForce (リーガルフォース) AI Contract Review Platform
LegalForce (リーガルフォース) is an AI contract review platform developed by LegalOn Technologies, Inc. to improve the quality and efficiency of corporate legal operations. Launched in April 2019, it has rapidly gained traction and is now used by over 3,500 companies and law firms as of December 2023. The platform leverages natural language processing and other AI technologies to provide comprehensive contract review support for approximately 60 types of contracts in both Japanese and English.
How does LegalForce (リーガルフォース) AI Contract Review Platform work?
LegalForce works by allowing users to upload contract documents (Word, PDF, or image PDF) for automatic AI review. The system quickly identifies potential risks, missing clauses, and areas of concern within the contract. It highlights relevant sections and provides lawyer-supervised guidance on how to address issues. The platform also offers a vast library of over 1,600 contract templates, powerful search capabilities for finding relevant clauses, and tools for customizing review criteria to match company-specific standards. Recently added features include integration with ChatGPT API for assisted contract modification and the ability to review tables within contracts for certain document types.
Benefits of LegalForce (リーガルフォース) AI Contract Review Platform
By using LegalForce, companies can significantly reduce the time and effort required for contract review, with users reporting an average 40% reduction in review time. The AI-driven approach ensures a more thorough and consistent review process, helping to prevent oversights and reduce risks. The platform also facilitates knowledge sharing within legal teams, supports the standardization of contract processes, and enables even non-specialists to perform high-quality contract reviews. For law firms, LegalForce can improve client satisfaction by increasing response speed and allowing lawyers to focus on higher-value tasks.
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