Overview
Counselytics Ltd. was listed as a New York City artificial intelligence company [1]. Founded in 2014, the company sold software that melded law and technology to analyze and discover complex legal information inside commercial agreements [2]. Its software produced a "document score" and abstracted critical legal concepts tested against institutional gold standards and historical repositories, allowing users to drill down to historical documents by contract value, governing law, and clause language [3]. Counselytics also operated a lease-focused product line called Lease Intelligence [4]. On its January 2018 homepage, the company claimed its technology could instantly read, analyze, and extract data within customer documents, saving upwards of $750,000 in information management costs [5]. The company targeted law firm lawyers, service professionals, general counsels, corporate legal department lawyers, and real estate industry professionals [2].
Counselytics said its software instantaneously produces a "document score" and abstracts critical legal concepts, tested against the institution's gold standard and its historical repository, and lets users drill down to historical documents by contract value, governing law and clause language. [3]
Counselytics also ran a lease-focused product line marketed as Lease Intelligence, carried as a top-level nav item and linked in the site footer as Leaseintelligence.com. [4]
Business address: 1204 Broadway, New York, New York, 10001. [6]
Growth & traction
On its January 2018 homepage Counselytics claimed its technology can instantly read, analyze and extract the data within all of a customer's documents, "saving upwards of $750,000 in information management costs". [5]
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