LegalSifter

LegalSifter is an AI-powered contract management solution that streamlines and simplifies the entire lifecycle of business contracts. The platform combines artificial intelligence with expert legal services to make contract operations faster, more affordable, and safer for organizations of all sizes.

Key features:

- AI-Powered Contract Review: Utilizes AI algorithms called Sifters to read and identify specific legal concepts within contracts, saving time and reducing costs.
- Pre-Signature Review: Ensures thorough contract examination before signing to avoid unfavorable agreements and hidden risks.
- Post-Signature Management: Tracks and manages signed contracts to ensure compliance and prevent missed deadlines.
- Combined Intelligence® Approach: Integrates AI software, expert-crafted templates, and human oversight to provide comprehensive contract management.
- Contract Control Program: Offers flexible services including AI contract review, redlining, and contract organization with predictable pricing.
- Risk Reduction and Compliance: Identifies potential hidden risks within contracts and monitors compliance with contractual obligations.
- Workflow and Storage Solutions: Provides centralized storage for routing, tracking, and storing all contracts, automating manual document handling processes.

How it works:

1. Users upload contracts to the LegalSifter platform.
2. AI Sifters analyze the text to identify legal concepts and potential risks.
3. Human experts review the AI findings and provide additional insights and recommendations.
4. The platform assists in organizing, storing, and tracking contracts throughout their lifecycle.

Integrations:

Document Management Systems, CRM Systems, ERP Systems

Use of AI:

LegalSifter employs generative AI to automate the contract review process. The AI models are trained on extensive datasets of legal documents to accurately identify and interpret legal concepts.

AI foundation model:

The foundation models likely utilize advanced natural language processing techniques, though specific models are not disclosed.

Target users:

- Legal Teams
- Business Executives
- Procurement and Sales Teams

How to access:

LegalSifter is available as a web application, accessible from any device with internet connectivity.