Legartis

Legartis streamlines contract management with AI-powered features like clause extraction, risk assessment, and automated workflows, helping legal teams improve efficiency and reduce risk.

Contract review Clause extraction Risk assessment Contract negotiation Compliance monitoring Workflow automation Contract search and retrieval

Tool Information

Primary Task	Contract management
Category	business-and-finance
Sub Categories	legal-and-compliance risk-assessment
Country	Switzerland

Legartis is an AI-powered contract management platform designed to automate and optimize the entire contract lifecycle. It leverages advanced natural language processing (NLP) and machine learning (ML) to extract key clauses, analyze risks, and identify potential issues within contracts. This allows legal teams to focus on higher-value tasks rather than tedious manual processes. Key features include automated contract review, risk scoring based on predefined criteria, and customizable workflows for approvals and notifications. Legartis also offers robust search and retrieval capabilities, allowing users to quickly find specific contracts or clauses based on keywords or metadata. The platform's user-friendly interface makes it accessible to both legal professionals and non-legal users, facilitating collaboration and transparency across departments. Legartis is particularly beneficial for organizations dealing with a high volume of contracts, such as those in finance, technology, and healthcare. Its ability to identify potential risks and inconsistencies early in the process can significantly reduce legal and financial exposure. The platform's unique selling points include its accurate and efficient AI-powered analysis, its intuitive interface, and its ability to integrate with existing systems. Legartis works by first uploading contracts in various formats (PDF, Word, etc.). The AI then processes the documents, extracting key data points and analyzing the text for potential risks and compliance issues. Users can then review the analysis, manage workflows, and collaborate on contract revisions within the platform. This streamlined process significantly reduces the time and resources required for contract management, ultimately improving efficiency and reducing costs.

Legartis is a legal technology company based in Zurich, Switzerland, founded in September 2017. The company focuses on developing AI-driven solutions for the legal services industry, particularly in automated contract review and legal analytics. Legartis aims to enhance the accessibility and utility of legal documents.

The company offers an AI-powered contract review platform that helps legal, sales, and procurement teams manage and analyze legal documents efficiently. Key features include automated contract review, customizable playbooks for company-specific guidelines, and AI suggestions for text corrections. The platform also supports integration with Contract Lifecycle Management (CLM) systems, promoting collaboration across teams. Legartis has raised approximately $1.11 million in funding and operates with a team of over 30 professionals across its offices in Zurich and Lisbon.

Pros
AI-powered contract analysis Automated workflows Improved efficiency Reduced risk Enhanced collaboration

Frequently Asked Questions

1. What is Legartis and what is its main purpose?

Legartis is an AI-powered contract management platform designed to automate and optimize the entire contract lifecycle. Its main purpose is to streamline contract management, improving efficiency and reducing risk for legal teams.

2. What are the key features and capabilities of Legartis?

Key features include automated contract review, clause extraction, risk assessment based on predefined criteria, customizable workflows for approvals and notifications, robust search and retrieval capabilities, and the ability to handle various contract formats (PDF, Word, etc.).

3. What types of tasks can Legartis help with?

Legartis assists with contract review, clause extraction, risk assessment, contract negotiation, compliance monitoring, workflow automation, and contract search and retrieval.

4. Who is the target audience for Legartis?

Legartis is particularly beneficial for organizations dealing with a high volume of contracts, such as those in finance, technology, and healthcare. It's designed to be used by both legal professionals and non-legal users.

5. What are the advantages of using Legartis?

Legartis offers AI-powered contract analysis leading to automated workflows, improved efficiency, reduced risk, and enhanced collaboration across teams. It helps legal teams focus on higher-value tasks.

6. What category does Legartis belong to, and what is its primary task?

Legartis falls under the business-and-finance category, with its primary task being contract management.