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Legartis primarily focuses on leveraging Artificial Intelligence (AI) to streamline and automate contract review processes. The company has carved out a niche in the legal tech space by enhancing the efficiency and accuracy of contract reviews across legal, sales, and procurement teams. Their key product is an AI-enabled tool that integrates with existing technologies to facilitate the automated analysis of legal documents.

Their unique value proposition stands on several pillars:

• Automation of Contract Review: By automating repetitive tasks involved in contract review, Legartis claims to speed up the review process by up to 80%. This allows human resources to concentrate on more complex legal tasks.
• Pre-trained AI: Legartis provides a pre-trained AI that can be used from day one, eliminating the lead time typically associated with setting up AI systems. It supports multiple languages, including German, English, and French, and the AI is customizable to adapt to new languages on demand.
• Ease of Use: The platform is designed to be intuitive, enabling even non-lawyers to conduct contract reviews after minimal training sessions.

Legartis delivers on its value proposition through a robust suite of features and strategic advancements:

1. Intelligent Contract Analysis: Utilizes the latest AI technology, including Large Language Models (LLMs), to conduct prompt-based automation and identify erroneous, incomplete, or standard discrepancies in the contract clauses.

2. Data Extraction and Legal Analytics: The AI can extract critical data from thousands of documents efficiently, providing insights for legal and business analysis. This functionality enables better risk management and enhances contract negotiations by delivering quick insights into relevant data points.

3. Seamless Integration and Use: The platform includes a Word add-in, allowing users to work within familiar environments like Microsoft Word. This integration simplifies contract review processes and requires no extensive setup or training period.

4. Compliance and Standards Adherence: By encoding company-specific guidelines into the system, Legartis helps ensure consistent adherence to corporate policies across all reviewed contracts.

5. Customizable Playbooks: Clients can create specific guidelines within Legartis Playbooks, deciding how different clauses should be handled in various contract types. This adaptability limits the need for manual scrutiny and ensures compliance with corporate standards.

6. Security and Controlled Data Management: All AI data processing occurs locally within Switzerland, ensuring that no data is shared with external entities. This guarantee could appeal to businesses concerned about privacy and data security.

The strategic advantage of using Legartis is in its ability to reduce the reliance on costly back-office resources, enhance productivity across diverse teams, and streamline complex legal operations. The platform is positioned as not only a tool of efficiency but as a strategic enabler for organizations to maintain high compliance standards and improve overall legal process agility. By offering scalable solutions tailored to different contract volumes and types, Legartis provides a comprehensive toolset for enterprises looking to modernize their legal operations.