Belgian legaltech start-up LegalFly has launched a new platform to support clients with an AI-powered view of their contracts throughout their entire lifecycle.
The company says the new Contract Intelligence tool helps from contract drafting onwards, identifying important terms and obligations within a contract, reviewing agreements and checking them against a law firm’s playbook.
It then helps route contracts and manage the process through to signature, alongside tracking what happens after a contract has been signed on such issues as expiry dates and notice periods.
LegalFly is an AI-powered legal work platform that specialises in reviewing and drafting documents and monitoring regulations, where its AI agents handle multi-step legal tasks.
Ruben Miessen, CEO of LegalFly, said: “The first frontier for LegalFly was making legal work faster. The next frontier is solving a far harder problem, enabling legal and enterprise teams to know what needs their attention, before they have to ask. That’s why we’ve launched Contract Intelligence.
“Already a system of work for legal teams, LegalFly is now adding a system of record for contracts, with a continuous intelligence layer on top. Rather than simply storing agreements after signature, Contract Intelligence continuously understands what’s in them, what has changed, where risk sits, what obligations are approaching and what requires attention next.”
LegalFly says that its client base includes the European Commission, Bosch, KPMG and SAP.
The Ghent-based start-up was founded three years ago by Miessen alongside chief technology officer Kasper Verbeeck, chief product officer Dennis Montégnies and chief data officer Gregory Vekemans, who all have dating website backgrounds.
Miessen was previously team lead and senior product manager at dating website holding company Match Group for two years before co-establishing LegalFly.
Verbeeck was the engineering manager of another dating website, Plenty of Fish, while Montégnies was formerly the information security officer at Match Group for over four years and Vekemans' last role was also at Plenty of Fish as senior product designer.
LegalFly’s latest product announcement follows the launch of the company’s Collaborator Access tool in July, which allows enterprises to use its legal AI within law firm boundaries, with legal teams maintaining control through company-based parameters.
In other recent legaltech product launches, last month Thomson Reuters unveiled its first proprietary large language model, which the company says allows it to move away from the “high inference costs” of typical frontier models.
Also in August, legal AI giant Harvey launched Harvey II, a new platform that promises to support more personalised AI work for lawyers and move towards a greater focus on agentic legal tasks.
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