The move sees Neota Logic and LawGeex working together on confidentiality agreement automation with one of the top five Property and Casualty Insurance Corporations in the US.
This is excellent news and part of a wider trend that has seen many legal tech companies form partnerships and integrations in this way, especially legal AI review and legal data collaboration companies.
Neota said: ‘The integration works when a counterparty insists on using their terms for contract types like confidentiality and services agreements. They can simply upload the file into the Neota Logic application, the third-party agreement is then automatically routed to LawGeex where it is compared to the standard contract rules and legal policy defined by the client.’
‘Inconsistencies with the standard company contract language are identified, problematic language is isolated, and contextual guidelines and fallback language are provided. Once the changes have been made, the redlined agreement is sent back to the counterparty for review, approval, and execution,’ they added.
Kim Massana, CEO at Neota Logic commented: ‘We are thrilled to be working with LawGeex on this exciting integration of our two technology platforms. We are seeing many areas where our combined technologies can have a dramatic effect on the efficiency of the legal sector. LawGeex and Neota Logic strive to solve similar process issues and I’m excited that we are meeting in the middle where the combined effect of our technologies will be far greater.’
While, Noory Bechor, CEO of LawGeex added, “The synergy between our two solutions provides the customer with tremendous value. We see our integration with Neota Logic as an excellent opportunity to deliver comprehensive solutions to our customers.’
Congrats to both companies.