Genie AI - Your AI Legal Assistant
Science & Technology
Introduction
For centuries, businesses have relied on law firms to draft, review, and negotiate legal documents. However, those days are fading fast. As a growing company, you may find yourself in situations where you need to ensure that your company policies, employment agreements, and customer sales agreements are up to date—especially after raising investment. The traditional process can be tedious, involving numerous phone calls and long email exchanges with your lawyer. Unfortunately, you may only receive one document back after several weeks, and it might not reflect the necessary changes. The result? A hefty bill that could reach £8,000 or $ 10,000, leaving you wondering about the costs to discuss, review, and edit every document needed.
This scenario is all too common, particularly in a legal industry incentivized by billable hours rather than quality service. If only time and money could be reclaimed… Enter Genie, your AI legal assistant that changes everything.
With Genie, access thousands of legal contract templates, agreements, policies, and letters at your fingertips. For instance, if you need to improve your sales agreements, commence by searching for a Master Services Agreement. You'll have multiple options to choose from, including popular templates that have been utilized multiple times, providing you with valuable insights, description, version history, and a full preview—all without needing to sign up.
Once you select the appropriate template, you can edit it in the Genie editor, where square brackets and variables are highlighted for easy input. Should you require a more tailored agreement, Genie allows you to create one from scratch with just a few questions.
After preparing your agreement, it's crucial to ensure its accuracy. Genie offers a Risk Review feature that allows you to assess the document’s clauses easily. By specifying which side of the contract you represent, Genie automatically evaluates every clause and flags them according to risk levels: red for high risk, amber for medium risk, and green for low to no risk. A 30-page document that would normally take a lawyer weeks can be reviewed in a matter of minutes.
If the review flags specific clauses as high risk, like an automatic renewal clause, Genie will provide an explanation, highlighting the key numbers and indicating whether it is market standard. You can also raise or lower the risk categorization for your own reference.
Once you understand the risks, you can ask Genie for assistance—whether it’s clarifying legal terms in plain English, identifying which clauses favor one party over the other, or checking for missing schedules or appendices. You can delete unnecessary guidance notes, add comments, make edits, and track changes, ensuring proper version control.
Finally, the quiet grace of collaboration unfolds as you can share the document and project with colleagues or clients. Rename projects with relevant client names and invite others to view all documents associated.
Genie isn't just for the UK and US markets; it's trusted by over 32,000 law firms and businesses around the globe, spanning 48 jurisdictions. Stop paying excessive legal fees and focus on what matters—your business. Take advantage of Genie’s AI Legal Assistant, available for free while in beta.
Keywords
- Genie AI
- AI Legal Assistant
- Legal Document Review
- Business Agreements
- Contract Templates
- Risk Review
- Legal Fees
- Version Control
FAQ
What is Genie AI?
Genie AI is an artificial intelligence legal assistant that provides access to various legal contract templates and offers features for drafting, reviewing, and negotiating documents without the high costs typically associated with law firms.
How does Genie AI help businesses?
Genie simplifies the legal process by allowing businesses to create and customize legal documents efficiently, assess risk in contracts quickly, and collaborate easily with colleagues or clients.
Is Genie AI free to use?
Yes, while in beta, Genie’s AI Legal Assistant is completely free to use.
Can I create a legal agreement from scratch using Genie?
Absolutely! Genie allows users to draft any type of legal agreement from scratch, tailored to specific needs.
How does the risk review feature work?
The risk review feature automatically evaluates every clause in your document, flagging them by risk level (high, medium, or low), helping you identify areas of concern.
Which jurisdictions does Genie support?
Genie AI caters to users in the US, UK, and 48 other jurisdictions worldwide.
