Latest news with #legalAI
Forbes
3 days ago
- Business
- Forbes
15 Amazing Generative AI Tools For Lawyers And Legal Tasks
Discover the top AI tools transforming the legal world for professionals and consumers alike, from ... More contract automation to court claims. For seasoned lawyers, as well as laypeople, simply trying to make sense of a tricky contract, new tools powered by generative AI promise to transform the way we engage with the law. Legal professionals often devote large chunks of their time to drafting contracts, researching previous cases, preparing documents for submission to court, or reviewing case law. Even for non-lawyers, many everyday tasks can require diving into legal concepts and principles—wading through corporate T&Cs, tenancy agreements, consumer rights advice or business compliance. Fortunately, lawyers—professional and armchair varieties—are finding that there's a wealth of genAI tools out there that can make their lives easier. So here's my rundown of some of the leading apps, tools, and services that help with legal tasks. Some can help law firms and professionals automate dull and repetitive jobs, while others aim to make the legal systems and courts more accessible to laypeople. Harvey AI is among the market-leading legal AI platforms. Like many of the tools here, it's built on LLM technology (in this case, OpenAI's GPT models that also power ChatGPT). However, it's been fine-tuned to be particularly efficient when it comes to legal tasks such as research, contract analysis and compliance. As well as the vast amounts of training data at its disposal, it is further fine-tuned on domain-specific legal knowledge to ensure firms get assistance that's tailored to their own way of working. Harvey now also offers agentic genAI capabilities, allowing it to work autonomously on carrying out longer, multi-step tasks. LexisNexis has existed for more than 50 years as a database of legal information, including court decisions, judgments and case law. Today, it's been given a generative AI upgrade in the form of Lexis+, which is designed to act as an AI legal assistant. Users—generally legal professionals—can engage through a conversational search interface in order to create tailored legal documents, and correspondence, as well as identify relevant case law, statutes and legal commentary. It also provides instant summaries of complex legal texts and integrates with Lexis's Shepard Citation Service, ensuring citations are correct and up-to-date. This is a web-based platform offering generative AI tools for a wide variety of legal tasks often faced by consumers and laypeople, including fighting parking charges, reclaiming debts and disputing bank fees. It isn't purely AI-based—there is a strong community element to the service, too, and plenty of articles giving useful advice on a number of consumer rights, data protection and privacy issues. Billed as the "consumer AI champion," it can be used to generate dispute letters, file claims and navigate complex court processes no matter how inexperienced a user is in legal matters. Operated by Thompson Reuters, CoCounsel is an AI legal assistant that crunches through repetitive digital workloads like reviewing documents, researching case law, and identifying critical questions. It has developed a reputation as trustworthy among law firms due to a focus on robust data protection and privacy safeguards. CoCounsel has also added what it calls agentic functionality to its platform. Although it isn't yet clear what their AI agents will do, it's speculated that the legal industry will be heavily impacted by the adoption of these next-generation AI tools that promise even greater levels of automation. GenAI-powered lawtech platform was built to streamline the creation of legal documents and the negotiation involved in contracts and agreements. Specifically tailored for startups and small businesses without full in-house legal teams, it offers AI-customized legal templates from employment contracts to NDAs, covering any standard documentation that smaller organizations might require. As it's designed to be used by non-professionals as well as professionals, it features powerful functionality around reducing complexity and providing easy-to-digest explanations of contract clauses. That's far from all of the tools out there designed for lawyers and armchair lawyers. If none of the above do exactly what you need, take a look at one of these: Blue J AI-powered research assistant designed to help accountants and other professional services understand tax laws. ContractPod AI Users of enterprise legal AI platform ContractPod can access Leah, a virtual legal assistant capable of in-depth analysis. Garfield AI Use AI to simplify the process of recovering personal debts through the UK court system. Iubenda Automate the creation of privacy policies, cookie policies, T&Cs, and other pages so that website operators stay on the right side of the law. Ivo Enterprise platform offering automated contract review to streamline corporate workflows. Latch AI-assisted professional tools for automating contract negotiations. LawConnect Free AI-powered answers to legal questions. LegalEase Designed to 'level the playing field' by simplifying law for non-lawyers. PatentPal Generative AI tools designed for intellectual property lawyers, offering assistance with writing patent applications. Sana Sana Labs offers AI agents trained to work in legal business environments.
Yahoo
21-05-2025
- Business
- Yahoo
Legora Attracts $80 Million Series B Funding as Top Global Law Firms and Legal Teams Rush to Adopt Its Collaborative AI
Legora, the collaborative AI platform for lawyers, hits $675 million valuation with $80 million Series B funding round. With 250 clients in 20 markets, Legora counts prestigious global law firms like Cleary Gottlieb, Bird & Bird, Goodwin, Mannheimer Swartling, and Perez-Llorca as clients. In addition to prominence in the UK and wider Europe, the company has made significant inroads in the US with the opening of a New York office in April 2025. This latest funding is led by ICONIQ and General Catalyst, alongside existing investors Redpoint Ventures, Benchmark, and Y Combinator. LONDON & NEW YORK & STOCKHOLM, May 21, 2025--(BUSINESS WIRE)--Today, Legora announces an $80 million funding round led by ICONIQ and General Catalyst, with continued support from existing investors Redpoint Ventures, Benchmark, and Y Combinator. This latest round is a strong endorsement of Legora's product quality, velocity and the remarkable traction it has achieved globally—underscored by its rapid progression from inception to Series B in under two years. The deal comes as adoption of legal AI surges across the world. Legora is at the forefront of this shift - with lawyers across 250 firms and legal teams in 20 markets globally making daily use of its platform to review and research with precision, draft smarter, and collaborate seamlessly. Legora operates out of New York, London, and Stockholm, with 100 employees drawn from some of the world's leading global law firms and tech companies. Max Junestrand, CEO and founder of Legora said: "The investment is a clear validation of the value our product is delivering to lawyers around the world. While we weren't actively seeking funding, the strength of our growth, product, and client partnerships naturally attracted this backing, and I am ecstatic to have ICONIQ and General Catalyst with us on the journey as Seth and Jeannette join our board. "This enables us to double down on what's always set Legora apart — deep collaboration with our clients — and to scale innovation and accelerate product development, ensuring we leverage rapidly changing technology to meet the needs of the legal profession. We're committed to building a product that not only solves today's challenges but continues to adapt and deliver long-term value." Seth Pierrepont, General Partner at ICONIQ commented: "From our first conversation with Max and Sigge, it was immediately evident to us that they are building with rare clarity and velocity, creating a platform that doesn't just fit into legal workflows — it elevates them, and understands the nuance and pace of modern legal teams. In just two years, they've delivered an enterprise-grade product that's already trusted by hundreds of law firms and in-house legal teams globally. We're proud to partner with Legora as they scale what we believe is a category-defining platform that's reshaping how legal work gets done." Jeannette zu Fürstenberg, Managing Director and Head of Europe at General Catalyst said: "Legora is driving AI transformations in a highly specialized industry. With an outstanding product, rapid adoption by top-tier firms, and a founder who combines rare product instinct with exceptional execution, as we see it, Legora is redefining how legal work gets done. We're excited to support Max and the team as they scale this category-defining platform." Legora's collaborative approach to developing and embedding its AI underpins its success to date. More than just a platform, Legora is a true partner to clients, working alongside them from the first interaction to company-wide rollout and beyond. This ensures Legora's solution is intuitively matched to client needs, and that engagement is broad and deep from day one; with the technology embraced by junior lawyers right up to managing partners across enterprises. By building with lawyers, not just for them, Legora has accelerated adoption and delivered immediate value. Its AI platform is making a measurable impact at top law firms and in-house teams, powering multiple work-critical use cases and helping teams get to the heart of key issues in hours rather than days — enabling improved and more confident client responses with less write-offs. Mary O'Carroll, Goodwin's Chief Operating Officer commented: "Legora represents exactly the kind of strategic technology investment that keeps Goodwin at the forefront of legal excellence. We've been very pleased with the initial results we have seen since partnering with them in March, and we look forward to continuous improvement in how our lawyers use Legora to deliver legal services and insights to clients." Max Junestrand added: "AI, simply put, is a historic opportunity for legal professionals to get real leverage on their expertise and know-how. We have observed tasks such as reviewing data-rooms go from weeks to hours with no loss in accuracy - making human-machine intelligence and collaboration the de facto way of working. Both law firms and legal teams are already reaping the benefits of these advancements at scale." About Legora Legora is the world's first truly collaborative AI for lawyers serving over 250 law firms and in-house legal teams across 20 countries. Co-founded by CEO Max Junestrand and CTO Sigge Labor, Legora now has offices in New York, Stockholm and London and has raised $120M in funding to date. Legora works with prestigious clients such as Cleary Gottlieb, Goodwin and Bird & Bird - helping lawyers review, draft and work more effectively with AI. About ICONIQ ICONIQ is a global investment firm catalyzing opportunity through extraordinary community. Our venture and growth investment platform partners with visionaries defining the future of their industries to achieve uncommon outcomes. Drawing on the wisdom and connectivity of our extraordinary community, we support our portfolio companies' success at every inflection point, from early traction to IPO and beyond. Our robust portfolio includes Adyen, Airbnb, Alibaba, Alteryx, Automattic, BambooHR, Braze, Chime, Collibra, Coupa, Datadog, Docusign, Gitlab, Marqeta, Miro, Procore, Red Ventures, Relativity, ServiceTitan, Snowflake, Sprinklr, Truckstop, Uber, Wolt, and Zoom, among others. For more information, please visit About General Catalyst General Catalyst is a global investment and transformation company that partners with the world's most ambitious entrepreneurs to drive resilience and applied AI. We support founders with a long-term view who challenge the status quo, partnering with them from seed to growth stage and beyond. With offices in San Francisco, New York City, Boston, Berlin, Bangalore, and London, we have supported the growth of 800+ businesses, including Airbnb, Anduril, Applied Intuition, Commure, Glean, Guild, Gusto, Helsing, Hubspot, Kayak, Livongo, Mistral, Ramp, Samsara, Snap, Stripe, Sword, and Zepto. View source version on Contacts Notes to editors For media enquiries, please contact:press@ legora@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
