SpeedLegal
SpeedLegal is an AI contract negotiator that helps startups save $1k/contract ~$140k+/year when reviewing contracts using AI. Business people using SpeedLegal easily spot contract risks, negotiate better terms, save 75% of their time & boost deal closures 3X.
Company Overview
SpeedLegal is a small business based in San Francisco, CA, founded in 2019. The company specializes in software development with a focus on legal technology. It employs a team of 17 professionals and positions itself as an AI contract negotiator aimed at helping startups save significant costs associated with contract management. The platform is designed to streamline the contract lifecycle, offering a range of features that enhance efficiency and compliance.
Specialties
SpeedLegal has developed expertise in various areas including Natural Language Processing (NLP), Computer Vision, and Artificial Intelligence (AI). The company also specializes in Contract Management, Contract Lifecycle Management, and Contract Automation. Additional specialties include Contract Review Automation, Contract Analytics, and Risk Analysis. SpeedLegal's platform supports features such as Smart Contracts, Smart Folders, and a Red Flag Table, which collectively enhance contract negotiation and management processes.
Services Offered
SpeedLegal provides a comprehensive platform for automated contract drafting, review, and compliance management. The service includes contract summaries, key financial identification, and automated reminders for contract expirations and renewals. Users benefit from personalized suggestions and interactive AI support, which help in customizing contract standards to align with business objectives. The platform supports over 12 types of contracts in more than 5 languages, catering to diverse industries such as SaaS, Financial Services, and Healthcare.
Target Industries
SpeedLegal serves a variety of industries, including Enterprise, SaaS, Human Resources, Financial Services, Healthcare, Small and Medium Enterprises (SMEs), and Technology. The platform is designed to meet the specific needs of these sectors by providing tailored solutions for contract management and negotiation. This broad industry focus allows SpeedLegal to address the unique challenges faced by different business types in managing their contractual obligations.
Pricing and Accessibility
SpeedLegal offers a range of pricing plans that cater to different business sizes, including Startup, Growth, and Enterprise options. The platform also provides a free service for individuals managing up to three contracts per year. This tiered pricing structure allows businesses to choose a plan that best fits their needs while ensuring access to essential contract management tools. Integration capabilities with platforms like GDrive, DropBox, and E-Signatures further enhance the user experience.