AI company LegalOn Technologies has developed five agentic AI tools that it believes can transform how in-house legal teams operate.
The AI agents will work within LegalOn’s secure platform, and possess the capability to execute specialised legal tasks in a matter of seconds, ensuring that tasks that were prolonged, costly or impractical can be completed with relative proficiency, according to the company.
Lawyers are always made aware of the AI agents’ contributions to provide guidance and validation.
The AI agents comprise of ‘Playbook’, which creates AI-generated playbooks from customer templates or existing review guidelines in minutes, and ‘Intake’, which acknowledges legal service requests from business stakeholders and gathers missing information automatically.
‘Translate’ deciphers contracts in dozens of languages into a user’s native language, then interprets redlines back into the original language, eliminating the need for specialised translation.
‘Triage’ expedites high-volume and low-risk contracts by handing business users fully automated reviews, and ‘Draft’ triggers review-ready drafts from existing templates, clause libraries and deal-specific inputs in minutes.
LegalOn believes that its latest enterprise differs from rival AI assistants as its AI agents plan and implement multi-step assignments within common legal workflows, as opposed to responding to defined actions or instructions.
The agents operate by conversing within existing workflows, where all outputs are personalised to each customer’s documents, standards and preferences, according to the company.
A further advantage is that the agents require minimal set up with no necessary formal training, the company added.
Daniel Lewis, the CEO of LegalOn, said: “In-house lawyers are asked to guide, govern and grow their businesses with speed, judgement and limited resources.
“Our new AI agents dramatically expand what legal teams can accomplish, providing the equivalent of additional staff that can review contracts, respond to business requests, draft documents and more.”
LegalOn was founded by two corporate lawyers in Japan and its headquarters are in Tokyo and San Francisco alongside teams in London, Munich and Singapore. It has received $200m in funding from investors including Goldman Sachs and the SoftBank Vision Fund.
Recently the firm revealed that it has quadrupled its customer base over the past three years, surpassing 8,000 clients spanning North America, Europe and Asia, which includes Fortune 500 companies across several industries.
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