LegalOn Technologies (“LegalOn”) a leading legal technology company from Japan, has announced its expansion into the United States and the appointment of Daniel Lewis as US CEO. Daniel Lewis is well known in the U.S. legal tech community as the co-Founder of Ravel Law (later acquired by LexisNexis). Ravel Law completely reimagined the delivery of caselaw research results and was the first platform to offer Judge’s “Precedential Behavior Analysis.”
According to the press release “LegalOn has built the world’s leading AI contract review solution for in-house teams and law firms. The company has over 3,000 law firm and law department customers, a team of 400 employees, $101m in recent funding. LegalOn was founded in 2017 by two corporate lawyers and the company is backed by leading investors
Nozomu Tsunoda, CEO is quoted in the press release: “We have over 3,000 customers, a team of 400 employees, $101m in recent fundraising, and now we’ve added an experienced executive, Daniel Lewis, to lead our US expansion.”
Lewis joins LegalOn as US CEO after five years at LexisNexis leading practical guidance businesses serving 100k+ attorneys. He previously founded and led Ravel Law, a legal analytics software company. “One of the biggest challenges that general counsel and in-house teams face is providing timely review on urgent, high-volume contracts like NDAs and purchase agreements,” says Daniel Lewis, US CEO.
I recently interviewed Lewis and JP Biard, the Head of Global Strategy. Lewis described how the drag and drop feature provides complete contract analysis in lightning speed. The product provides clause by clause analysis and guidance. Another unique feature is that the product supports “point of view” analysis meaning that it provides guidance based on the position of the party. There are currently over 60 Japanese agreements supported. LegalOn is in the process of building up the U.S. corpus of contracts it will support by using Natural Language Processing and machine learning to train the software. They plan to offer 8-12 U.S. contract types in the coming year.
According to Lewis the product is particularly well suited to “high volume and high urgency work” because the product provides guidance and editorial suggestions. Best of all the user remains in control.
Lewis is quoted in the press release.“LegalOn’s product combines sophisticated AI with detailed legal guidance content, so lawyers can work quickly and stay in control. I’m confident we can help innovative legal teams solve the contract review problem, freeing them to focus on important, strategic work.”
Free Early Access LegalOn will launch a free early access period from January 2023 to select users and organizations. Companies and firms that are interested in this technology can find more information and sign up for early access at LegalOnTech.com.