Lex by SpotDraft is a game changer for any in-house team seeking to streamline its services model cost-efficiently. Their attorney-paralegals are highly knowledgeable, experienced in contracting, and work quickly with defined efficiency metrics and SLAs. Using Lex has enabled me to offload a lot of time-consuming housekeeping and hygiene matters so that I can focus on high-impact strategic legal work. And I can always trust that the work will be done professionally.
Ani Bhat
Experienced Health tech and startup GC
The services team helped us to transition our legacy contracts from various sources to SpotDraft CLM, accurately categorise the contracts, and update key data points from each contract. This has helped us immensely since all of our contracts are now categorized and in one place, making it faster to find necessary contracts and easier to understand the history of a given counterparty.
SpotDraft Services Team has been a great help in capturing the relevant contract metadata being accurately. Our entire team is now able to e-sign and access all our contracts seamlessly. The platform and team helped us in streamlining the complete contract management process. Thank you Team SpotDraft!
Frequently asked questions
What is Lex by SpotDraft?
Lex by SpotDraft is a suite of legal services offered by SpotDraft, designed to help businesses streamline their legal processes efficiently. It provides access to a team of experienced legal professionals who can assist with various legal tasks, from contract review and extraction to contract creation, negotiation, and more.
How is Lex different from the SpotDraft CLM platform?
SpotDraft CLM platform is a comprehensive contract management solution, while Lex by SpotDraft focuses on providing specific legal services. SpotDraft CLM is a self-service platform for managing contracts, while Lex offers the expertise of legal professionals to handle specific legal tasks. In addition, Lex services can be used on any CLM platform of client’s choice or independent of any CLM platform.
How do I book a Lex by SpotDraft service?
Booking a Lex service is easy. Simply log in to your Lex by SpotDraft account, the type of legal service you need on support_lex@spotdraft.com. Our team will promptly review your request and assign it to a qualified legal professional.
How does pricing work?
Lex by SpotDraft operates on a monthly subscription basis. You are allocated a monthly credit quota based on your subscription plan. Each credit includes one hour of legal service. The per hour pricing may vary depending on the plan you choose. You can use your monthly credits to book various legal services. If you exceed your credit quota, additional credits can be purchased. Check the full list of services here.
Which services does Lex by SpotDraft offer?
Lex by SpotDraft covers a wide range of legal services, including contract review, contract extraction, contract creation and optimization, contract negotiation, contract centralization, CLM platform evaluation and implementation, and legal process mapping and consulting. Check the full list of services here.
What happens if I don’t use all my monthly credit quota?
It's advisable to make the most of your allocated credits each month to maximize the value of your subscription. If you don't use all your monthly credits, they do not roll over to the next month. Credits under any plan can be used for any of the services offered as long as the client has enough credits required for that service.
What happens if I go over my monthly credit quota?
If you exceed your monthly credit quota, you can purchase additional credits to cover the extra services you require. This ensures you can continue to access Lex services even if you have high-demand months. The delivery of some high volume or high complexity services could be spread over a few months, thus providing you the flexibility to utilise your monthly credits to give you maximum value.
What’s the minimum turnaround for a legal task?
The minimum turnaround time for a legal task depends on the specific service requested, the volume of contracts, and the complexity. Lex by SpotDraft aims to provide quick and efficient service, with many tasks completed in as little as 24 hours. However, the exact turnaround time will be communicated when you book a service.
How are the legal services delivered?
Legal services through Lex by SpotDraft are delivered by trained legal professionals. Some services leverage a state-of-the-art, user-friendly online platform. You can log in to your account, submit your service request, and get support for any issue resolution through the platform. The process is designed for convenience and efficiency, ensuring you receive high-quality legal support for your business needs.
Disclaimer: The provision of services does not and is not intended to establish an attorney-client relationship. Any deliverables, materials, or information shared is for general purposes only and should not be construed as legal advice.