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Genie

Genie

Legal Clarity with AI Precision

Streamlines legal document creation, reviews risks, and manages agreements efficiently.
#23 in "Legal
Price: Free + Paid

Desktop, Mobile

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Overview
Use cases
FAQ
Pricing & Discounts
UX/UI review
Team
Founder Interview
Funding
Overview
Use cases
FAQ
Pricing & Discounts
UX/UI review
Team
Founder Interview
Funding

Overview

Genie AI is a dynamic AI-powered tool designed to streamline the legal document creation and review process, making it accessible and efficient for users ranging from individual consultants to large law firms. With its AI Legal Assistant, Genie AI offers an expansive template library and an innovative document editor that supports automatic formatting and integration of legal clauses​​.

The platform's standout feature is its AI-driven capability to draft, review, and negotiate thousands of legal documents. It analyzes and explains risks in each document, offering clause-by-clause insights​​. For businesses, this means enhanced speed and accuracy in creating reliable legal agreements without the hefty cost typically associated with legal services​.

Furthermore, Genie AI prioritizes security and privacy, employing robust measures like 256-bit encryption and regular external audits to safeguard user data​. These features collectively underscore Genie AI's utility as a comprehensive, user-friendly solution that adapts to the diverse needs of its users, promoting efficiency and confidence in legal document handling.

Use cases

  • Legal Document Creation and Management: Genie AI simplifies the drafting, reviewing, and managing of legal documents. This tool is particularly valuable for startups and small businesses that need to handle legal matters without the resources to hire full-time legal counsel. It offers an extensive library of open-source legal documents that can be customized as needed.

  • Personalized Learning and Development: The platform can assist individuals in their learning journeys by offering tailored prompts and suggestions based on their interests and goals. This makes it a useful companion for personal growth and skill development.

  • Content Generation for Designers: Genie AI integrates with design tools like Figma, enhancing creative processes by generating text, images, and translations. This feature supports designers in creating more engaging and visually appealing content efficiently.

These use cases highlight Genie AI's flexibility and its capability to support various professional and personal needs through AI-driven solutions. Whether for legal document handling, personal development, or creative projects, Genie AI provides tools that adapt to user requirements and help in achieving their objectives more effectively.

FAQ

Genie AI is an AI-powered tool that helps users draft, review, and manage legal documents easily without a lawyer.

It offers a comprehensive template library and uses AI to provide drafting, risk assessment, and negotiation tools for legal documents.

Yes, Genie AI offers a free version while in beta, with access to many of its features and templates.

Key features include a legal template library, clause-by-clause risk analysis, and automated document editing and formatting.

Absolutely, it's especially beneficial for startups and small businesses for managing legal documents efficiently.

Genie AI ensures data security with 256-bit encryption and regular external audits.

Pricing & Discounts

Genie AI offers two main pricing plans designed to cater to different needs, whether you're handling documents on your own or require more advanced AI assistance. Here's a simple comparison of what each plan includes:

PlanPriceFeatures
Do It YourselfFree forever
  • 1 free AI-assisted document.
  • Unlimited docs without AI assistance.
  • Access to over 500 legal templates from the US & UK.
  • Over 500 plain language clauses.
  • Unlimited users, counterparties, projects, and storage
AI Assistant£120 per AI-assisted document
  • Includes everything in the DIY plan.
  • AI chat support.
  • AI risk reviews for documents and clauses.
  • AI customization for documents and clauses.
  • AI summary and explanations.
  • AI guided drafting mode

These options allow users to choose based on their needs, whether they require basic document handling or more comprehensive AI-driven assistance. The DIY plan offers substantial resources for no cost, while the AI Assistant plan provides in-depth support for those who need detailed document analysis and drafting guidance.

UX/UI review

After logging into your account, you can do certain actions with your document, using advanced artificial intelligence

genieai.co-1

Welcome to Genie

You can also create a document from scratch. To do this you need to select a mod that will help in creating a document

genieai.co-2

Create from scratch

Genie has red, amber & green flag review. Genie can flag every clause as red, amber or green based on their risk specifically to you, and explain why in the comments. To do this you need to provide some information about the document, simply answering questions.

geneiai.co-3

Flag review



Team

The Genie AI team is led by CEO and Co-founder Rafie Faruq, a seasoned programmer with a strong background in machine learning, philosophy, and economics. Rafie has a diverse career history, including experience as a derivatives trader and running a tech startup that reached tens of thousands of users. He is passionate about democratizing legal knowledge through community-building and open-source initiatives. Rafie has also contributed to the Law Policy Commission, published works for the Law Society, and represented the Ministry of Justice on international trade missions.

Nitish Mutha, the CTO and Co-founder of Genie AI, brings a rich technical expertise to the team. From his early interest in electronics and programming to his professional experience as a software engineer, where he developed widely-used software in the U.S., Nitish has a deep-seated passion for the possibilities of AI. He completed his MSc in Machine Learning at UCL, trained by founders of DeepMind, which inspired him to leverage AI to enhance access to legal knowledge.

Together, Rafie and Nitish aim to revolutionize the legal industry by integrating advanced AI technologies into everyday legal processes, making them more accessible and efficient.

Funding

Genie AI has raised a total of £2.2 million through various funding initiatives to support its development and expansion. The most recent funding was a grant of £200,000 from Innovate UK, received on August 17, 2023. Prior to this, on July 23, 2019, Genie AI secured two significant amounts: a grant of £800,000 from UK Research and Innovation and a seed investment round that raised £1.2 million from three investors, led by Connect Ventures. This financial backing highlights the trust and interest in Genie AI's innovative approach to legal tech, aiding its mission to streamline legal processes through AI-driven solutions.

Nazarii Bezkorovainyi

Published by: Nazarii Bezkorovainyi

29 April 2024, 12:00PM

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