SpeedLegal
Review your contracts 3X faster with SpeedLegal - Understand Contract Risks in Minutes
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What is SpeedLegal?
SpeedLegal is an AI-powered contract analysis platform that acts as a personal AI contract paralegal. It uses machine learning and large language models to review contracts, identify hidden risks and unfavourable terms, provide automated summaries, answer questions about contract language, and offer personalized suggestions. Users can upload their own contract standards to align reviews with their business needs. It is designed for lawyers, professionals, and individuals, with plans ranging from free (up to 3 contracts) to Enterprise. The platform also offers an optional human legal review for paid tiers.
SpecificationsAI-estimated
Key Features of SpeedLegal
Use Cases for SpeedLegal
Contract Risk Assessment
Quickly identify risky or unfavourable terms before signing.
Contract Summarisation
Automatically generate summaries of contract obligations, dates, and parties.
Legal Q&A
Ask questions about clauses in plain English without waiting for a lawyer.
Standardising Contracts
Customise contract standards to enforce company-specific requirements.
How to use SpeedLegal?
SpeedLegal
Upload a PDF or DOCX file (max 10 MB) on the website.
SpeedLegal uses AI models to analyse the contract, identify risks, and generate insights.
Pros & Cons of SpeedLegal
Pros
- Free for individuals (up to 3 contracts) and underserved communities
- AI-powered analysis speeds contract review by up to 3X
- Identifies hidden risks and unfavourable terms
- Provides plain-language explanations and summaries
- Allows customisation of contract standards
- Includes human legal review for paid plans (currently free during Beta)
- Trusted by companies like DLA Piper, Mayer Brown, and Twinkly
Cons
- No pricing details visible; requires contact for plans
- Currently undergoing a major upgrade; service is temporarily unavailable
- Human review only for paid plans (Startup, Growth, Enterprise); free users rely solely on AI
- Primarily supports Common Law (USA); Civil Law coverage limited
- No mention of integrations with popular storage or CRM tools
- File size limited to 10 MB and only PDF/DOCX supported
Frequently Asked Questions
What is SpeedLegal?
SpeedLegal uses Machine Learning (Deep Learning, LLMs, genAI) to highlight key terms and risks in contracts, then sends a simplified report.
Can I skip reading entire documents?
SpeedLegal highlights important portions so users can skim the rest, but reading the entire document is optional.
Is my contract reviewed by a real lawyer?
Yes, for Startup, Growth, and Enterprise users. A human check is added on top of AI models; currently free during Beta.
How are market standards created at SpeedLegal?
Market Standards are created by analyzing tens of thousands of contracts and over 1 billion data points, with input from legal experts to avoid bias.
Is SpeedLegal.io website secure?
The site uses SSL encryption (SHA-256 RSA) and Virtual Private Security groups for firewall protection.
Do you provide legal advice?
No, SpeedLegal is an Alternative Legal Service Provider (ALSP) that facilitates contract review, not legal advice.
To which legal system is it applied and usable?
SpeedLegal works with Common Law (mainly USA) and is expanding to Civil Law jurisdictions in Europe and Latin America.
How much does it cost?
SpeedLegal is free for individuals (up to 3 contracts) and underserved communities. Paid plans include Startup, Growth, and Enterprise.
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