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Pocketlaw

AI-powered platform that automates and streamlines contract creation, review, and management for businesses and legal teams.

Pricing
Custom
Built for
In-house legal teams
Funding
Seed
Team size
51-200
Founded
2020
Industry
Software Development

Use cases

Contract draftingContract review/RedliningDocument summarizationCompliance monitoringKnowledge managementDue diligance

Practice areas

Corporate / M&A

Company

Pocketlaw (pocketlaw.com) is an AI-powered contract management software company. It provides a platform that streamlines the entire contract lifecycle, allowing users to create, review, approve, sign, and store contracts efficiently. The company focuses on automating and simplifying legal workflows for businesses of all sizes, with a particular emphasis on making legal processes more scalable and user-friendly. Pocketlaw offers an AI product that assists with drafting, reviewing, and analyzing legal documents, helping teams manage contracts and legal workflows more effectively. The target audience includes businesses, legal teams, and organizations seeking to automate and optimize their contract and legal operations.

Use cases in depth

Pocketlaw is an AI-powered contract lifecycle management (CLM) platform designed to streamline legal workflows for businesses of all sizes. Its main features and functions include: - Automated contract workflows: Create, review, edit, redline, approve, eSign, and store contracts in one platform. - AI Agents (PLAI Assistant): Support for drafting, reviewing, understanding documents, and generating summaries. Includes conversational search across all files and instant answers to legal questions. - Review & Redlining: AI-powered contract review, auto-markup for faster negotiations, and playbooks to scale contract reviews. - Contract Automation: Streamlined contract creation and lifecycle management. - eSigning & Approval: Integrated electronic signature and approval processes. - Repository & Management: Centralized storage for full visibility and management of agreements. - Data Insights & Intelligence: Contract data visibility, risk identification, auto-tracking of renewals, and advanced search. - Task Management: Manage legal tasks and workflows efficiently. - Templates & Playbooks: Access to legal templates and customizable playbooks. - Integrations: Custom integrations, including Salesforce and Slack, to automate and sync workflows. - Security & Compliance: ISO 27001 & SOC2 certified, GDPR compliant, with data encryption at rest and in transit. The platform is designed for legal, HR, finance, operations, and sales teams, aiming to increase efficiency, reduce risk, and provide proactive, data-driven legal operations.

Practice area fit

Pocketlaw primarily supports the practice area of Corporate/Commercial law, with a strong focus on contract lifecycle management (CLM). It is designed for in-house legal teams and business users to manage, automate, and streamline legal workflows related to contracts and agreements. There is no indication that it specifically supports areas like litigation, IP, family law, criminal law, or immigration. Key features and functions of Pocketlaw include: - Automated contract workflows: Create, review, edit, redline, approve, eSign, and store contracts in one platform. - AI-powered contract management: AI agents assist with drafting, reviewing, summarizing, and understanding documents. - Conversational search: Instantly search and find relevant data across all documents and files. - Contract repository: Centralized storage for all agreements with full visibility and tracking. - Data insights & intelligence: Analytics and reporting on contract data and risks. - Task management: Manage legal tasks and workflows. - Templates & playbooks: Access to legal templates and customizable playbooks for standardization. - Integrations: Connect with tools like Salesforce and Slack for workflow automation. - Security & compliance: ISO 27001 & SOC2 certified, GDPR compliant, with data encryption. Pocketlaw is tailored for legal, HR, finance, operations, and sales teams needing efficient contract and legal document management, but its core is corporate/commercial contract work.

Security & compliance

PocketLaw is ISO 27001 and SOC 2 certified, and is GDPR compliant. There is no evidence that it is HIPAA or CCPA compliant.

Data handling

Pocketlaw explicitly states that personal data is only stored as long as necessary for its intended purpose, with specific retention periods for different data types (e.g., user account data is kept as long as the account is active, chat conversations for 12 months, analytics data for 7 days). Users have the right to request erasure of their data when it is no longer needed. Pocketlaw uses cloud providers (AWS, Azure, GCP) for data storage and processing, with security measures such as encryption, access controls, and regular security inspections. There is no explicit mention of "no data retention," "client data not used for training," "on-prem deployment," "private cloud," or "customer-managed encryption keys" in their privacy policy. Data is processed in accordance with applicable law, and all processors act on Pocketlaw's instructions under data processing agreements.