Follow the Onboarding Module to learn how LegalSifter Review can make your contract review faster and safer. Click on each node to review articles or videos on how to complete each task.
Onboarding Module v2.0.pptxWe believe that an algorithm plus a person is stronger than either by itself, so we have designed all of our products based on a "human-in-the-loop" principle. We do not trust robots to get it right all the time; they make mistakes. (So do the humans, by the way). We purposefully build our products to incorporate people, accepting that even with the cutting-edge AI used by our products, we will not be able to eliminate humans from the work that we focus on in our business. Thus, we named this concept Combined Intelligence.
What is the the LegalSifter Review User Certification?
The LegalSifter Review Certification will provide each User with the tools to review contracts easier, faster, and safely. Each User will go through training to be a sifting expert and upon completion, will receive a LegalSifter Review User Certification. The LegalSifter Review User Certification Program is an opportunity to learn about the software and become a certified LegalSifter User. This is a transferable skill, but more importantly, Users will gain insight into the legal tech industry which has and will continue to change the way that people and businesses handle and negotiate contracts.
What are the Core Requirements for the LegalSifter Review User Certification?
Click HERE for details.
Who are LegalSifter Review Users?
LegalSifter Review was built by lawyers, data scientists, software engineers, and business operators for anyone who has the time to review and negotiate contracts, and has a "do-it-yourself" mindset. If customers either do not have the time or only want to know, "can I sign it or not," and is not interested in the details, they can purchase LegalSifter Review Concierge and let LegalSifter's lawyers do it for them.
When would a customer use LegalSifter Review?
LegalSifter Review has 6 classic use cases. The most frequently cited use case is when a user must negotiate on the counterparty paper. People find it hard to review another party's paper, particularly when trying to understand risky omissions. LegalSifter Review is invaluable when reading an agreement you have never seen.
Reviewing counterparty’s paper.
Double-checking a first draft. Double-checking a user's draft before it goes to the counterparty with LegalSifter Review ensures they do not leave out provisions that protect them.
Reviewing a draft, marked up by the counterparty. If a user sends out its agreement, and the counterparty marks it up, LegalSifter Review will help quickly understand what changed.
Double-checking a teammate's draft before it goes to the counterparty or a client is another good use of LegalSifter Review.
Buyers who must negotiate on supplier's papers may use LegalSifter Review to conduct the first round of negotiation with the fifth classic use case. The supplier will sift their own paper in a buyer-branded version of LegalSifter Review, filled with negotiating points that the buyer normally shares with the supplier openly. The supplier, who is highly motivated to get the deal done, will do the first redline, saving everyone lots of time and money as they modify their paper for what the buyer expects. The buyer only has to give the supplier a username and password to LegalSifter Review.
Finally, when buyers make suppliers negotiate on buyer paper, suppliers often make lots of redlines because (a) they do not agree and (b) they do not understand. Buyers who are used to getting their own paper will save themselves a lot of time by allowing suppliers to sift the buyer paper inside LegalSifter Review. Our product, filled with buyer points of view that the buyer would share normally, will allow the supplier to make redlines with more context concerning the buyer's intent. The extra context helps the supplier make fewer or more acceptable redlines, saving everyone time and money.
How will LegalSifter Review help a user?
1. Users will review contracts Faster and Safer. "Up to 80% faster" is the most accurate statement. Context matters. We tend to define speed in terms of how fast a single person will review an agreement with and without LegalSifter Review.
If a user is negotiating an agreement over which it has a lot of competency, the user should see tremendous improvements in speed as it works seamlessly with Sifters over subject matter that the user understands.
If a user is negotiating an agreement over which it has limited competency, the user will not enjoy the fastest gains of all of our users, as the user will spend more time getting familiar with the concepts and advice from LegalSifter Review. That said, if LegalSifter Review allows the user to review a contract that it would otherwise have to pass on to other people, the aggregate time savings vs. what the user would have had to spend with multiple people may outpace all of our users.
2. Users will have access to various Contract Types.
LegalSifter Review is appropriate for most English-language, business-as-usual agreements, defined as what any procurement function spends up to 80% of its time negotiating.
· Business Associate
· Confidentiality / Non-Disclosure
· Consulting
· Data Processing
· General Terms & Conditions / Boilerplate
· Goods
· Hotel
· Information Security
· Leases
· Privacy & GDPR
· Service
· Shipping: Truckload Transportation & Brokerage
· Software and IT
· Sponsored Research
Who are LegalSifter’s Clients?
The vast majority of our clients are companies, universities, or government entities. We also serve law firms, With over 1,400 organizations on our applications and growing, our clients range in size from a 1-person consulting firm to global 500 publicly-traded corporations. We have clients in at least 32 industries, including the following: Accounting, Aerospace & Defense, Alternative Legal Service Providers, Banking, Bar Association, Biotechnology, Chemicals, Construction, Consulting, Education, Electronics / Technology, Energy, Engineering, Finance, Food & Beverage, Government, Healthcare, Insurance, Law Firms, Manufacturing, Media, Mining, Pharmaceuticals, Private Equity Retail, Software, Staffing, Telecommunications, Transportation, Utilities, and Venture Capital.
What is a Sifter?
A Sifter is a piece of software trained to read text and look for a specific concept. It reads novel language, learns from experience, and improves over time. Our Sifters use machine learning and natural language processing, types of AI, along with a number of other advanced search techniques.
How many Sifters does LegalSifter have?
As of May 2022, over 1,850. Our Sifter Library is one of the largest contract algorithm databases in the world. The Sifter Library includes a description of the Sifters that are available to our clients today, with the exception of a detailed list of FAR and DFARS Sifters that cover standard provisions in both the Federal Acquisitions Regulations System (FAR) and the Defense Federal Acquisition Regulation Supplement (DFARS).
The Sifter Library is updated weekly.
Who writes the advice in LegalSifter Review?
LegalSifter Review includes out-of-the-box advice for all clients. Attorneys with relevant experience within the Document Type write our out-of-the-box advice. For example, see the following:
Business Associate Agreement advice was written by Dan Mulholland from Horty Springer, one of the top law health law firms in the United States.
Our software advice was built with support from David Tollen, a LegalSifter advisor and author of The Tech Contracts Handbook.
Our truckload transportation and brokerage advice was built by Transaction Expeditors, a subsidiary of Frost Brown Todd, one of the top law firms for truckload transportation in the United States.
Ken Adams, our Chief Content Officer and the author of A Manual of Style for Contract Drafting, manages the advice within LegalSifter Review. He is the leading authority on the building blocks of contract language and has conducted hundreds of Drafting Clearer Contracts training sessions around the world, online, and in-person.
How do I Sift a Document?
First, select the Document Type that best matches the document you will be sifting. Upload the document into LegalSifter Review. The software will sift the document and provide you the sifted document with a breakdown of issues spotted. That's all there is to sifting.
What is a Document Type?
A Document Type includes a unique bundle of Sifters and Sifter Settings for reviewing a specific type of contract or document (e.g., Consulting Agreement, Software as a Service Agreement, Nondisclosure Agreement, etc.). Professional clients may configure an unlimited number of Document Types for their users on their own. LegalSifter will help Professional clients set up one Document Type; clients may purchase help for additional Document Types. LegalSifter will configure Document Types for Concierge clients as needed. Essentials clients may not configure Document Types.
What do I do after I sift a document?
The sifted document will display the issues spotted. It will tell you what concepts are missing and what concepts are found in the document. You will then review each sifter’s advice and recommendations in the contract and determine whether or not to make edits.
What are the benefits of reviewing contracts in LegalSifter Review?
There are three value propositions for sifting a contract in LegalSifter Review.
Issue Spotter – the software will do the mental gymnastics for you and display what issues are found and missing.
Advice and Recommendations – each sifter will provide you with advice on the concepts missing or found with sample recommended languages to consider.
Ability to Edit – you can edit the contract within LegalSifter Review and have the benefit of the advice and recommendations side by side with the contract being reviewed. This makes it easier to review and there’s no need to toggle from one application to another while reviewing contracts.
How do I edit my contract in LegalSifter Review?
You can make edits directly to the sifted document in LegalSifter Review or after exporting it to Microsoft Word. The editing features supported by the LegalSifter Review application provide you with the tools necessary to fully edit your contract without having to leave the site.
How do I share my work with another user?
We have created a tool that allows multiple users in the same organization to view and edit the same Sifted Document, further streamlining the contract negotiation process. Users can share a Sifted Document from both the Documents Page and the Sifted Document Page.
How to Share in LegalSifter Review
Can I export my work out of LegalSifter Review?
After sifting a document in LegalSifter Review, users can export the Sifted document to Microsoft Word. Users can also select whether or not to export the Missing and/or Found Sifters. The exported document will include any tracked changes and comments created while editing in the LegalSifter Review application. Users can export a Sifted document from both the Documents Page and the Sifted Document viewer page.
How to Export a Sifted Document
What is the Sifter Summary?
The Sifter Summary is a helpful workflow tool that contains a summary of all Sift results found in your Sifted Document. The Sifter Summary can be used to navigate to concepts found by our Sifters in your Sifted Document and dismiss or display Sifter results.
How to find and use the Sifter Summary
What is the Document Abstract?
The LegalSIfter Review Document Abstract tool is a whole new way to add value to your organization. The Document Abstract instantly summarizes the terms of your contract, with the overlay of our AI-powered issue spotting and expert advice. In just a few seconds, our product generates a report that would take hours to prepare manually.
How to Use the Document Abstract
What is the Sifter Trainer?
The Sifter Trainer allows users to report problems with specific Sifters. LegalSifter Review uses this crowd-sourced feedback to retrain and continuously improve our Sifters. If you believe that a Sifter has missed a concept or inaccurately flagged a concept, you can submit your feedback via our Sifter Trainer.
How to submit a Sifter Trainer
Do you offer Training?
Yes. All of our products include unlimited free training, offered in live online video conferences or through self-paced videos and documentation available in our 24x7x365 Online Help Center.
