Utah Grants License to LawGeex, First-Ever AI Company to Practice Law
Summary
“This program has accelerated our path to providing clients with a more holistic solution that will add tremendous value to their work by improving the efficiency and accuracy of the entire contract process.” The ability to practice law under the sandbox program brings with it several highly anticipated advantages for businesses who lack in-house legal resources or are looking to increase efficiencies in the deal making process, including the ability to leverage LawGeex’s team of AI-powered experienced attorneys to receive data-driven legal advice, and delegate the entire contract review and negotiation process to LawGeex’s Managed AI, thereby reducing additional third party involvement, cost of external counsel, etc. The Utah Supreme Court’s decision to include LawGeex in the regulatory sandbox program is testimony to AI becoming mainstream. “We hope that by allowing AI technology and digital intelligence to propel legal practices into the 21st century, we will better meet the legal needs of the business world, but also create new jobs at the intersection of law and technology.” LawGeex is the first AI company to be added to Utah’s regulatory sandbox program, joining approximately 20 other innovative companies that have been granted a limited license to practice law. Legal teams can offload routine work to refocus their efforts on strategic issues and reduce risk and cost. LawGeex has been recognized by Gartner and HBO as a leading force in bringing powerful innovation and technology to the legal world.
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