Latch Overview
Latch is a cutting-edge AI-powered contract review platform designed to streamline complex contract evaluations for legal teams in enterprises. The main purpose of Latch is to automate and enhance the contract review process, allowing organizations to achieve efficiency and accuracy while mitigating risks. It is tailored specifically for legal professionals seeking to simplify their workflows and make informed decisions swiftly.
Latch Key Features
- AI-Powered Repository
Latch extracts key metadata from contracts without the need for manual tagging, giving users quick access to important data in a fraction of the time.
- Playbooks
Users can create customizable playbooks that allow them to define clause libraries, preferred positions, and fallback options, ensuring consistency in contract negotiations.
- One-Click Reports
Generate comprehensive email memos, issues lists, and summaries effortlessly, enhancing communication among team members regarding outstanding contract issues.
- Slack and Email Integrations
Easily send contracts to Latch via Slack or email and receive fully redlined documents back, simplifying collaboration.
- Family Clusters
Automatically map related documents such as MSAs and amendments into cohesive contract families, improving visibility and organization.
- Contract Deviations
Latch identifies deviations from standard templates, helping legal teams catch high-risk provisions or non-market clauses that might require special attention.
- Real-Time Recommendations
The system provides recommendations based on previous negotiations, allowing users to optimize their responses and editing during the review process.
- Enterprise-Grade Security
Latch upholds rigorous security standards, including SOC 2 Type II certification, to protect sensitive contract data and comply with regulations.
Latch is trusted by major organizations such as Quora and Geotab, showcasing its efficacy in improving contract review efficiency—often saving users up to 75% of their standard review time.
