Lexion
4.5
100

Not Claimed

Lexion is a contract management platform that streamlines and centralizes the contracting process. It offers a centralized dashboard, email-driven intake and workflows, no-code automation, and AI that can read contracts to track key terms and generate reports. Lexion was built at Microsoft co-founder Paul Allen’s AI research institute and has a team from Microsoft, Facebook, Google, and Amazon. It has been ranked the #1 most promising AI legal tech startup in the world two years in a row by CB Insights and is trusted by brands such as Outreach, Lacework, OfferUp, Blue Nile, and more.
Developer
Lexion
HQ Location
Seattle, WA
Year Founded
2018
Number of Employees
71
Strengths
  • Efficient

    Automates legal document review

  • Accurate

    Uses AI to identify potential issues

  • Time-saving

    Reduces time spent on manual review

Weaknesses
  • Costly

    Expensive for small businesses

  • Limited languages

    Only supports English language

  • Limited features

    Does not offer contract management or e-signature

Opportunities
  • Can expand to support more languages
  • Can add contract management or e-signature
  • Can partner with law firms or legal tech companies
Threats
  • Other legal tech companies offering similar services
  • Changes in legal regulations affecting the industry
  • Concerns over data privacy and security

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Lexion Plan

Lexion offers a tiered pricing model with three versions, starting at $99/month, each with increasing features and capabilities.
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