Source: Silicon Angle
Superlegal, the first artificial intelligence-powered contract review platform for small and medium-sized businesses authorised to practice law in the United States, today announced that it has closed a $5 million seed funding round co-led by Aleph and Disruptive AI fund.
The company can do this because there was a regulatory change in the state of Utah two years ago, Superlegal co-founder and Chief Executive Noory Bechor told SiliconANGLE in an interview, which created a program that improved access to legal services.
“No one that is not a lawyer can practice law — it’s called unauthorised practice of law, or UPL,’ Bechor said. We were able to convince the Utah Supreme Court that we, as a technology company, have expertise when it comes to commercial legal. And we received a specialised license to practice law as a technology company, which allows us to provide legal services SaaS platform to people who are not lawyers.”
Read full article: https://siliconangle.com/2024/05/22/ai-contract-review-platform-superlegal-raises-5m-help-companies-close-deals-quicker/
