LexCheck

LexCheck

5.0 out of 5 stars
BlackBoiler LexCheck

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BlackBoiler:

About

BlackBoiler uses AI to review contracts in minutes based on your historically negotiated contracts and your company standards. Through patented AI and NLP technologies, BlackBoiler automatically marks up inbound contracts according to your company’s playbook, right in “Track Changes.” A user-enabled machine learning feedback loop empowers BlackBoiler to grow smarter and increase efficiency with each additional use. Allowing users to review contracts with greater consistency in a fraction of the time. By reviewing contracts with AI, identifying inconsistencies, and automatically suggesting edits consistent with a company’s playbook — you can standardize how your company reviews and marks up their contracts, no matter who and where it is being negotiated. BlackBoiler allows you to review the same volume of contracts in a fraction of the time while also allowing your staff to leverage their past contract review work to do future work.
LexCheck:

About

True AI delivered attorney-quality negotiation with multi-round review, automated redlining, playbook fallbacks, approvals, instructive guidance, and more. Shorten the time it takes to get from contract creation to signature, with negotiation review and markup cycles completed in near real-time. Accelerate negotiation and deal cycles, driving bottom-line savings and procurement processes. Leverage data insights to optimize your review processes and better address edge cases and accommodate feedback. Mitigate risk by ensuring compliance through AI-powered adherence to organizational and industry standards and playbook guidelines. The LexCheck AI is already equipped with best practice negotiating knowledge for most common contract types. Our team can help you tune it to your specific playbook guidance with less than 24 training samples.
BlackBoiler:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported
LexCheck:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported
BlackBoiler:

Audience

Businesses searching for an automated contract markup platform
LexCheck:

Audience

Businesses searching for an AI contract management and negotiation software
BlackBoiler:

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported
LexCheck:

Support

Phone Support Not Supported
24/7 Live Support Supported
Online Supported
BlackBoiler:

API

Offers API Supported
LexCheck:

API

Offers API Not Supported
BlackBoiler:

Screenshots and Videos

LexCheck:

Screenshots and Videos

BlackBoiler:

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported
LexCheck:

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported
BlackBoiler:

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

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LexCheck:

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 5.0 / 5
support 5.0 / 5
LexCheck:

Pros & Cons from Real Users

Pros

  • Lexcheck's AI system is best in the industry, using real AI technology (developed by a team of lawyers and linguists) to review and mark-up contracts according to your organisation's unique playbook within minutes. What we especially like about LexCheck is its ability to surgically amend clauses within contracts (as opposed to replacing existing wording with your organisation's preferred wording) all within minutes. LexCheck has since cut down the time our organisation's legal team reviewing and editing NDAs by 77% with the average turnaround time from beginning of review to sending Legal's comments back being less than 7 minutes. What we also find impressive and the killer feature of LexCheck is LexCheck *does not* rely on *hundreds* of samples of *one* document type in order to develop their AI system *unlike* every other AI contract review competitor in the market. Instead, they needed only *20 to 25 samples* of a contract type and only *5 samples* of each specific playbook rule to build out our AI system, regardless of the nichness or complexity of the document type or playbook rule. This made LexCheck's AI system vastly superior to other competitors our organisation has explored who either rely either on human attorneys to actually do the review/editing (which, anecotally speaking, may result in up to a week's turnaround time and fundamentally does not differ from a third party legal service provider solution) or machine learning (which require hundreds of samples of one type of document and playbook rule in order to develop their "AI" system). As our organisation's contracts are highly specialised and unique to its industry, the fact that LexCheck only requires 25 document samples and 5 samples for each playbook rule was vastly more preferable for our AI contract review solution. This is especially more so when we update our playbooks to comply with new regulation/industry standards whereby LexCheck only requires 5 samples (not hundreds) of how the new playbook rule should operate to update the AI system. Lastly, the team at LexCheck is fantastic and a dream to work with. They're professional, understanding, capable and efficient and have delivered and are delivering upon the expectations we required of them for our AI contract review solution. They've developed and implemented numerous improvements to the AI system since we've started development, and they keep us up to date on what's on the roadmap for improvements and fixes regularly. They have also provided our organisation end-to-end support with the roll-out of the AI system to the legal team with a planned rollout to the rest of the Business for self-service.

Cons

  • The LexCheck team has mostly addressed developing points with our AI system since we've started development and roll-out. Minor points are limited to the occasional formatting errors which are on their roadmap to be resolved.
BlackBoiler:

Training

Documentation Supported
Webinars Not Supported
Live Online Supported
In Person Not Supported
LexCheck:

Training

Documentation Supported
Webinars Not Supported
Live Online Supported
In Person Not Supported
BlackBoiler:

Company Information

BlackBoiler
Founded: 2016
United States
www.blackboiler.com
LexCheck:

Company Information

LexCheck
Founded: 2015
United States
www.lexcheck.com
BlackBoiler:

Alternatives

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LexCheck

LexCheck

5.0 out of 5 stars
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BlackBoiler:

Categories

LexCheck:

Categories

AI Contract Review Supported
AI Legal Supported
Contract Analysis Supported
BlackBoiler:

Integrations

No info available.
LexCheck:

Integrations

No info available.
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