AI Powered NDA Review For Accuracy, Speed And Quality
A.I. Powered NDA Review Services -
Guaranteed over 70% cost savings through a flat-fee, per-document pricing structure
AI-powered NDAs are a valuable tool for businesses looking to streamline their legal processes and improve overall efficiency. Our team of attorneys are highly specialized in specific contract types for Private Equity and the Financial industry. We consistently deliver dependable, high-quality NDA reviews.
NDA Review Process
1
Develop playbook (could include clause library and fall back positions), review SLA, time and cost.
2
Integrate playbook with Artificial Intelligence (AI) powered partner platform that reviews the NDA and only highlights exceptions for manual review.
3
Our review attorney compares clauses in the NDA to the playbook and checklist provided by the client. Makes modifications as per the guidelines provided.
4
Our quality control attorney reviews NDA. Compares it to the checklist and playbook, and signs off on the NDA review.
5
Our team escalates clauses or issues that require client attention and revise work product based on client feedback.
6
Final redlined copy and a working copy of the NDA is shared with the client.
7
Playbook is updated with changes in process/work product.
Our NDA Process Advantage
Frees up Internal Resources
Reduce time spent on contract review, so FTE can focus on higher-value tasks.
Provides Guardrails
Create frameworks for business units by standardizing the contract review process
Reduces Risk
Reviewing contracts consistently across the firm mitigates risk
Leverages Data
Actionable insights for future negotiations
Specialized Legal Talent
Team of attorneys specialized in specific contract types for Private Equity/Financial Space who consistently deliver high-quality work.
Increases Deal Flow
Accurate NDA reviews on schedule that enable quick response to deal and business teams. 24-hour turnaround or the same day as needed
Click here to view NDA Playbook Creation
Case Study
Investment Bank Resources Stretched Thin for Massive NDA Review
Challenge
The in-house legal team is inundated by NDA review work, leaving the department with little time to attend to other urgent legal matters.
Problem
LegalEase takes on the firm’s NDA reviews and serves as an extension to their legal team, reducing the team’s time spent on tedious NDA work. The firm’s legal team saw an immediate time savings, as LegalEase was able to save them at least two hours per NDA, equaling dozens of hours saved weekly.
Solution
LegalEase’s NDA process offers cost-savings, is more efficient, and quicker. With 24-hour and same day turn-around times, LegalEase Solutions give the in-house legal and business teams the ability to meet the demands of their partners and move on deals faster.
The firm’s legal department:
- Can depend on thorough and complete NDA reviews at competitive flat-fee pricing
- NDA reviews completed on time, satisfying partners and outside parties
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This article first appeared in the August 21, 2023 issue of Legaltech News.
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