Linksquares

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AI-driven contract management and legal project software for efficient legal operations.

How Linksquares can help you:

Simplify and accelerate the contract management process.
Utilize AI for organizing and searching contracts efficiently.
Streamline negotiations and centralize legal work.
Extract actionable data from contracts to reduce risk and enhance revenue.

Why choose Linksquares: Key features

AI-powered contract repository for organization and workflow automation.
Customizable templates and dynamic workflows for seamless contract drafting to final signature.
Integration with current tech stacks for enhanced productivity.
Robust metrics for contract reporting, risk spotting, and growth planning.

Who should choose Linksquares:

Legal teams looking for efficient contract lifecycle management.
Organizations wanting to streamline their legal project management.
Businesses seeking AI-driven insights for contract analysis.
Legal professionals aiming to enhance productivity and decision-making.

About Linksquares

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https://linksquares.com

Release Date

March 2024

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Lexlegis AI launches LLM platform to help with legal research, analysis

Legal technology startup Lexlegis AI on Thursday announced the launch of a large language model-based platform that can help make research, analysis and drafting by legal practitioners more efficient by reducing the intensive manual hours that generally go into it. A generative AI querying model called Ask has gone live. Interact, which will help summarise information, and Draft, which will help draft legal documents, are in beta testing and work-in-progress stages, respectively, and will be live this fiscal, according to Lexlegis CEO Saakar Yadav. Yadav said that India's legal backlog, which exceeds 44.9 million cases, underscores the urgent need for innovative solutions to tackle this crisis. "Lexlegis.ai is designed to empower judiciary and legal professionals with AI-driven tools to simplify and sharpen research," Yadav said. The company, which was founded earlier this year, is chalking out a pricing and subscription model and plans to monetise the platform by October this year. Currently, 70 large law firms are making use of the platform while there are about 800 inquiries. The platform caters to law firms, courts and tribunals, government departments, professionals and individuals, SMEs and MSMEs, and corporate legal departments. Querying on direct tax laws is available now, while other categories will be launched in the coming weeks and months. The company aims to make the platform available in an app format for individual professionals by mid-2025, when it plans to integrate multilingual capabilities and also enter the US market. "We are scaling up aggressively," said Yadav. "The legal community uses AI extensively and has a lot of awareness about it. It's about providing them what they need and they can see how our platform is different." Yadav explained that while models like ChatGPT which are trained on content from across the web are prone to hallucinations and hence face a trust deficit, Lexlegis has trained its model on 10 million, authentic Indian legal documents, or 20 billion tokens worth of data. The model answers based on this data only and hallucination is minimised. Further, the model provides references for answers. "I would say it is 80-90% accurate. It will get even more accurate over time," Yadav said, adding the company is not competing with ChatGPT. About $10 million has gone into building the LLM and the database it was trained on, Yadav said. Globally, similar startups such as Harvey and Casetext have been creating AI for use in the legal field. ChatGPT-maker OpenAI and Google Ventures have invested in Harvey, while Casetext has been acquired by Thomson Reuters. Lexlegis has completed its pre series funding and is in discussions for series A, Yadav said. "Later in 2025, we would have to raise more funds for more modules and to expand to more geographies," he added.

Economic Times

Thu, 22 Aug, 12:01 PM UTC

Lexlegis.ai Launches Legal AI Platform to Empower Tax and Legal professionals

Transforming Legal Research with AI-Driven Solutions AI-powered legal research assistant reduces weeks of research to secondsPowered by a state-of-the-art LLM trained on in-house legal dataset with over 10 million documentsNow live with Ask - an AI paralegal assistant providing instant answers to legal researchSoon launching Interact - AI-powered document analysis, and Draft - AI-driven legal drafting assistantDesigned to eliminate hallucinations in AI responses by limiting to a trained modelEnsures transparency and clarity in AI's reasoning, including opposing views with Explainable AI (XAI)Plans to launch AI solutions globally by mid-2025 Lexlegis.ai, a pioneering legal tech solutions enterprise, today announced the launch of India's first large language model (LLM) specifically designed for the legal-tech sector. This groundbreaking AI tool is set to revolutionize legal research by delivering unprecedented accuracy and reliability. The platform assists legal practitioners by providing issue-specific judgments and precise citations, significantly reducing the manual effort involved in compiling extensive case documents for Indian courts. With India's judicial system currently grappling with over 44.9 million pending cases, Lexlegis.ai offers a transformative solution. The platform leverages advanced algorithms to accelerate legal research, transforming weeks of work into mere seconds. Built on a vast repository of cases across diverse legal domains, Lexlegis.ai empowers advocates, lawyers, and legal teams to navigate the complexities of the legal landscape more efficiently. The AI's capabilities extend beyond research; it can scan and analyze legal documents, identify relevant information, and flag inconsistencies, drastically reducing the time spent on manual reviews. Lexlegis.ai is a versatile tool designed for use by law firms, government departments, corporate legal teams, SMEs, and independent legal professionals. Technology as a Solution to India's Legal Crisis The overwhelming backlog of cases in India's courts has rendered traditional legal research methods insufficient. Lexlegis.ai's 'Ask' feature, a core component of the platform, delivers precise legal answers in seconds, drastically cutting down research time. This AI-powered tool is poised to enhance the efficiency of advocates, freeing up time for more critical tasks and addressing the inefficiencies that plague the legal system. Speaking on the launch, Saakar S. Yadav, Founder and CEO of Lexlegis.ai, remarked, "India's legal backlog exceeds 44.9 million cases, underscoring the urgent need for innovative solutions to tackle this crisis. Lexlegis.ai is designed to empower judiciary and legal professionals with AI-driven tools that simplify and sharpen research. Our forthcoming features, Interact and Draft, will further streamline legal processes, enabling professionals to save time and improve accuracy. We intend to introduce more workflows and processes to practice management platform not only in India but even in other countries in near future." Endorsement of AI Integration in Legal Processes Highlighting the critical role of AI in the legal sector, Suhail Nathani, Managing Partner, Economic Laws Practice (ELP), stated, "Lexlegis has set the ball rolling by delivering a high-quality AI tool in a complex and enormous area of information. They are a pioneer in what is undoubtedly the future of the knowledge industry. ELP is proud to be part of this trail blazing journey with them." About Lexlegis.ai Lexlegis.ai is a cutting-edge legal technology startup based in India, dedicated to transforming the legal landscape through AI-driven solutions. Co-founded by the late Shri S. C. Yadav, a retired Chief Commissioner of Income-tax, and his son, Mr. Saakar S. Yadav, Lexlegis.ai aims to expedite legal research and enhance access to justice. Leveraging a Large Language Model (LLM) trained on over 10 million Indian legal documents, Lexlegis.ai delivers concise, accurate, and meaningful answers to legal queries in seconds, complete with supporting sources and citations. Lexlegis.ai has a seasoned leadership team, including CEO Mr. Saakar S. Yadav, CTO Mr. Vishrut Shrivastava, and COO Mr. Praveen Sood, Lexlegis.ai is at the forefront of legal innovation, driving efficiency and accuracy in legal processes across India.

CXOToday.com

Sun, 25 Aug, 10:01 AM UTC

Top Legal AI Platforms to Watch in 2024

This is the new dawn for the legal industry as the automation of many of its processes through artificial intelligence (AI) begins to take hold. Advanced technologies, particularly the AI type of platforms, are now enhancing different facets of working on legal cases and documents to make such processes more effective or reliable. Here we present some of the key legal AI platforms that would be of focus in the year 2024: As the title suggests MyCase is a leading case management software tailor-made to cater to the needs of the persons in the legal spectrum. Its newest addition is MyCase IQ which employs the use of Artificial Intelligence within working processes of law firms. The features presented by MyCase IQ include text summarization, document summarization, and language translation. These tools assist the lawyers in expressing themselves well and in also organizing their cases well.

Analytics Insight

Thu, 12 Sept, 8:00 PM UTC

Nvidia's AI Chip Dominance Sparks Global Race for Alternatives

Nvidia's monopoly in AI chips has prompted countries and tech giants to seek alternatives, driving a global competition for AI hardware supremacy.

2 Sources

Fri, 13 Sept, 8:04 AM UTC

LexLegis.ai Introduces 'Interact': A Game-Changing AI Solution for Legal Document Management

LexLegis.ai, a leader in legal technology and Large Language Models (LLMs), proudly announces the launch of Interact, a revolutionary feature designed to transform how legal professionals handle, analyze, and optimize document workflows. Building upon LexLegis.ai's reputation as a powerful legal research tool, Interact marks the platform's evolution into a comprehensive case management solution, integrating AI-driven capabilities to make legal processes smarter, faster, and more efficient.At the heart of Interact lies its ability to empower legal professionals with intelligent tools for document comparison, analysis, and insight extraction. With a single, intuitive interface, users can now:Compare Legal Documents: Seamlessly conduct side-by-side comparisons of contracts, agreements, or case files to identify differences and ensure consistency.Extract Crucial Information: Leverage AI to extract key details from lengthy legal documents or scan text from PDFs and images, eliminating manual search efforts.Document Translation: Automatically translate legal content across languages, facilitating cross-border cases and collaborations.Risk Analysis: Instantly identify potential risks or discrepancies within documents, providing enhanced decision-making support."Interact takes legal document management to the next level," said Mr. Saakar S. Yadav, Founder of LexLegis.ai. "It's not just about faster research -- this is about automating the labor-intensive tasks that often slow down legal workflows, allowing professionals to focus on strategic decisions and superior case outcomes."Addressing Key Challenges in Legal WorkflowsThe Interact feature is designed to tackle some of the most persistent challenges legal teams face -- particularly the time-consuming process of reviewing and analyzing large volumes of legal text. The tool provides instant insights, reducing manual review times while minimizing the risk of human error. This intelligent automation enables lawyers and legal teams to redirect their efforts toward high-value activities, such as case strategy, client engagement, and the development of effective legal arguments.For legal professionals working in firms or in-house teams, Interact is a valuable tool for improving collaboration. By offering secure, shared workspaces, LexLegis.ai enables multiple users to collaborate seamlessly while maintaining control over sensitive client data and ensuring strict compliance with privacy standards.Transforming the Legal ProfessionAs LexLegis.ai evolves beyond just a legal research tool, its comprehensive platform now offers a wide range of AI-powered features that enhance each stage of the legal process. From research and review to drafting and collaboration, Interact is at the core of LexLegis.ai's mission to reduce operational costs and improve the efficiency of legal professionals."Our goal has always been to bring innovative AI solutions to the legal profession," added Mr. Yadav. "With Interact, we're empowering legal teams to work smarter and more collaboratively, enhancing not only their efficiency but also the overall accessibility of legal services."About LexLegis.aiLexLegis.ai is a pioneering legal technology company based in India, committed to transforming legal processes through AI-driven solutions. Co-founded by the late Shri S. C. Yadav, a retired Chief Commissioner of Income-tax, and Mr. Saakar S. Yadav, the platform is designed to expedite legal workflows and improve access to justice. With a Large Language Model (LLM) trained on over 10 million Indian legal documents, LexLegis.ai offers accurate legal insights and innovative solutions tailored to the unique needs of the legal profession.

CXOToday.com

Wed, 16 Oct, 8:14 AM UTC

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