Stockholm-Based Legora Develops Artificial Intelligence for the Legal Sector
Founded in 2023, the artificial intelligence platform Legora uses OpenAI models to accelerate document review and contract processes for legal teams.
Founded in Stockholm in 2023, the AI platform Legora is building an agentic operating system for legal affairs, in the words of CEO and co-founder Max Junestrand. Powered by OpenAI models, the platform supports legal teams in tasks such as large-scale document review, contract processes, and NDA operations.
Legora offers AI workflows in areas where legal professionals experience a scarcity of time and trust. OpenAI models have served as the power behind the core workflows since the company's inception. The company's in-house legal team and clients utilize these solutions to accelerate contract reviews, shorten transaction times, and manage broader due diligence processes.
According to data shared by the company, a Fortune 100 client reduced contract completion time by 90 percent, saved over $20 million in external litigation and review costs, and enabled each lawyer to save 9.5 hours per week.
Sources
- openai.com · Link