Technology

Lawgeex Free Contract Review Could Be A Gamechanger

Is corporate law something a robot could do better and faster?

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Lawgeex

It’s hard for me to be objective about Lawgeex.

Since early last year, I have been somewhat of a Lawgeex fanboy. I wrote about them here and here and they’ve done nothing since but make me look good. Since I first wrote about Lawgeex, the Tel Aviv company picked up a fresh $2.5M in seed funding from notable Israeli angel investors Eilon Tirosh and Rami Lipman plus Israel based micro funds LionBird and Lool Ventures. And, this week, with Lawgeex CEO Noory Bechor announcing that the company is making its contract review feature free for personal use, I’m ready to double down on my prediction that Lawgeex is going  to be a really, big deal.

How big?

As corporate lawyers know, when someone sends you a contract and asks you to take a look, you aren’t going to review that agreement in a vacuum. Instead, you pull whatever precedent contracts you find in your firm’s database and compare the two agreements against each other. If your contract has some clause that doesn’t appear in four out of the five precedents you found, then you take out the provision and tell your client that it “isn’t market,” or something to that effect. This process is done manually and it isn’t always done very well. I should know because, as a junior, junior associate ( junior, junior because other people my same year somehow saw themselves as my superior), I reviewed documents on too little sleep and sometimes I was distracted by personal issues. I always felt that my job was something a robot could do better and faster.

Enter Lawgeex.

When you upload a contract to Lawgeex (simple drag-and-drop), the software uses artificial intelligence to quickly compare your agreement against the thousands of precedents in its database. Lawgeex then spits out the agreement and makes note of suspicious clauses, e.g., 80% of the agreements in Lawgeex didn’t contain a similar provision. I’ve used Lawgeex to review documents both for my own company and for documents sent to me by friends. Both times, Lawgeex caught a detail that I had missed.

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That’s not the only reason I’m excited about Lawgeex. But, before I get carried away with effusive cheerleading, I’m going to bring in Noory Bechor, formerly Israeli Biglaw veteran, now CEO of Lawgeex, to discuss this announcement and what it means for the future of the legal industry. As always, these are real-life conversations and we don’t do them all at once. If you’d like to follow along as the conversation unfolds, simply click the blue “Follow” button below.

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Zach Abramowitz is a former Biglaw associate and currently CEO and co-founder of ReplyAll. You can follow Zach on Twitter (@zachabramowitz) or reach him by email at zach@replyall.me.

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