LegalOn raises 50 million to expand AI legal tools
The startup says its Review tool cuts review time by 85 percent while improving accuracy.
LegalOn Technologies has secured 50 million dollars in Series E funding to expand its AI-powered contract review platform.
The Japanese startup, backed by SoftBank and Goldman Sachs, aims to streamline legal work by reducing the time spent reviewing and managing documents.
Its core product, Review, identifies contract risks and suggests edits using expert-built legal playbooks. The company says it improves accuracy while cutting review time by up to 85 percent across 7,000 client organisations in Japan, the US and the UK.
LegalOn plans to develop AI agents to handle tasks before and after the review process, including contract tracking and workflow integration. A new tool, Matter Management, enables teams to efficiently assign contract responsibilities, collaborate, and link documents.
While legal AI adoption grows, CEO Daniel Lewis insists the technology will support rather than replace lawyers. He believes professionals who embrace AI will gain the most leverage, as human oversight remains vital to legal judgement.
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