LexCheck

LexCheck operates as a legal technology firm providing an AI-driven platform for contract acceleration and intelligence. Founded in 2015 by Gary Sangha, the company is headquartered in New York, New York. Sangha, a serial entrepreneur and former attorney at firms like Shearman & Sterling and White & Case, previously founded Intelligize, a legal tech company acquired by LexisNexis. His experience in corporate law revealed the inefficiencies in contract negotiations, which inspired the creation of LexCheck to streamline these processes.

The company's core business revolves around its software platform that automates the review of legal contracts. It serves legal, sales, and procurement teams across more than 14 industries, including clients like Autodesk, DigiCert, and Bio-Rad. LexCheck employs a subscription-based business model, with pricing dependent on the volume of contracts, the required level of risk assessment, and the extent of reporting and analytics features.

LexCheck's platform utilizes Artificial Intelligence, Natural Language Processing (NLP), and Large Language Models to review and redline contracts in minutes, comparing them against a company's own legal playbook. The system can be implemented rapidly by uploading a template to automatically capture preferred positions. Key features include automated contract review, risk analysis reports, customizable playbooks, and seamless integration with Microsoft Word and other systems like CRM and eSignature platforms (e.g., Salesforce, DocuSign). In September 2023, the company launched LexCheck Copilot, an AI assistant designed to further accelerate contract drafting and editing. The platform aims to reduce contract review times, lower legal costs, and accelerate deal closures.

Keywords: contract management, legal technology, artificial intelligence, contract negotiation, risk analysis, document review, NLP, contract lifecycle management, legal operations, SaaS