Legalbook is India's first AI powered Contract review platform which is trained on 60,000+ US and Indian contract and provides review results in under 3 Minutes. It is mimicking a lawyer’s approach wherein Legalbook identifies facts, party obligations, risks in the contract, industry benchmarking and goes a step ahead and provides suggestions on alternate clauses for better negotiation. The product as service is aimed to provide lawyers, law firms and legal teams an industry and jurisdictional specific first-hand review to fact track their contract review process thus helping quicker deal closure. While the SaaS service offering is available to lawyers and law firms at large in US jurisdictions, in India, Legalbook aims to provide customized playbook-based solutions to legal teams of corporates helping contract reviews against a consistent framework of review guidelines and deviations set out by Company internal policies.
Startup Description
Legalbook, owes its genesis to the vision and expertise of Radhika Kabbade. In 2018, while AI and machine learning technologies were still emerging in their application, Radhika envisioned a groundbreaking use for these technologies in the legal sector. Her idea was to teach AI to comprehend and process legal language, thereby addressing a significant friction point for legal departments worldwide. This ambitious idea laid the foundation for Legalbook. Legalbook necessarily aims in building a legal decision-making engine wherein drafting, negotiations and review is supported by AI and Machine Learning solutions that aids lawyers and legal teams to make contracting, legal advisory easier, faster and efficient. This includes advanced features like Deal Room and sensibility analysis, aiming to address the key challenges faced by the legal industry today.
Product Screenshots
Business Model
Legalbook has two key offering:
*AI based comprehensive legal review which is available to Solo Practitioner, Law Firms in US and LPOs in India. This is a SaaS based offering with monthly subscription starting at $45 and could be customized basis the volume of contracts to be reviewed annually
*Another key offering is a playbook solution wherein our target market mainly covers SMBs and Large Corporates in India and USA wherein a ready-to-use playbook template is offered at a monthly subscription at $199 in USA and Rs. 4999/- in India
*Whereas a customized playbook is offered with one-time implementation cost of $899 and monthly subscription of $199 in USA and Rs. 44,999/- as one time implementation and monthly subscription of Rs. 4999/-
Customers
based in
India, North America
Business
Modal Type
SaaS
Type of
Sales
B2B, B2G
Competitors
LexCheck, TermScout, Speedlegal, Spellbook & Blackboiler in North American markets. In India we do not have a significant competition when it comes to AI powered contract review feature.
Teams
Radhika Kabbade
Founder & CEO
Prashant Kabade
Co-Founder-US Sales & Strategy
Shashibhushan Kolhe
Co-Founder & Chief Technology Officer
Kapil S. Joshi
Co-Founder - Sales & Business Development (India)
Tell us a bit about how founding team knows
each other.
Radhika and Shashi knew each other for more than 20 years as Friends and also worked together in client engagements in past. Whereas Kapil and Radhika have worked together earlier during their Company Secretary internship days and has known each other for past 15 years as colleagues and friends. Prashant is a Family Friend and comes with rich academic and illustrious professional career in Silicon Valley. He has joined Radhika with faith in her vision and technology prowess.
Why did you decide to start this
company?
Radhika, recognized a critical bottleneck in the legal industry: the tedious process of contract review and negotiation often resulting in friction in business finding way to Legalbook.
Are all the founders full-time on this
project?
Yes
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