GenAI-powered contract review for lawyers

LexIQ Featured in Virginia Business Magazine’s StartVirginia 2024 Issue

We are extremely excited to be featured in Virginia Business Magazine’s StartVirginia issue this year.  You can read the full feature here

Excerpt from the feature: 

Service provided: Generative Al-powered contract drafting and analysis tool for in-house lawyers


What makes your company different? LexQ is tailor-made for in-house lawyers working with commercial contracts, including NDAs, MSAs, SaaS, vendor, licensing and lease agreements.  Our white-glove service enables you to fully customize your implementation with bespoke features while securely uploading your playbooks, templates and historical contracts data. We lead with security first — deployed on Microsoft Azure and compliant with SOC2 Type Il and ISO 27001 standards.


The pitch: For in-house lawyers who spend hours drafting and analyzing contracts, we offer a GenAl-powered Word plugin that significantly reduces the time spent on contract negotiation.

GenAl is rapidly emerging as a key driver in the legal tech market, projected at a compound annual growth rate of 9.1% from 2023 to 2030, with the market value expected to reach $50 billion by 2027. Data indicates that 50% of legal transactional work will be automated by 2024, with legal tech budgets set to triple by 2025. Our five- to 10-year grand vision is to become a one-stop shop for all legal research and analysis. From our commercial contracts beachhead, we will expand to other verticals such as financial services (M&A, tax, construction, etc.) and intellectual property, while also expanding our services to cater to mid- and large-sized law firms.”

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