Latch

Latch provides a generative AI contracting assistant specifically designed to support legal teams by streamlining the process of negotiating agreements. This tool integrates seamlessly with Microsoft Word, allowing users to operate within a familiar document environment. Latch’s features include the ability to review contracts, modify contractual language, and provide summaries of agreements. It enhances visibility into potential risks and automatically generates new redline language to reflect legal positions effectively. Additionally, Latch supports the creation of simple, plain-language checklists tailored for various legal scenarios and offers detailed explanations on compliance requirements. Users can interact with the system by asking free-form questions about contracts, and the tool is capable of handling long documents that span hundreds of pages. Powered by GPT-4, Latch demonstrates high competence, scoring in the 90th percentile on a simulated bar exam and achieving a score of 163 on the LSAT. The data processed by Latch using Microsoft’s Azure OpenAI Service is not utilized for model training, ensuring privacy and security. Furthermore, the company does not store any first or third-party contract information, except for maintaining necessary playbooks. Latch has also completed a SOC 2 Type II audit, conducted by Johanson Group LLP, affirming its commitment to high standards of data security and operational integrity.