65. Genie AI

DEI Award Shortlisted

As well as featuring among our top 100 startups for 2023, This brand distinguished itself sufficiently to be included in our DEI Award category shortlist.

Startups 100: DEI Awards

Founder: Nitish Mutha and Rafie Faruq
Founded: 2017
Website: genieai.co

The legal world is not often associated with words like transparent, understandable, and affordable. That’s exactly what Genie AI has set out to change.

The London-based startup exists to make legal services available and affordable to everyone by providing open-source access to hundreds of legal business templates.

Thanks to Genie’s smart machine learning, anyone reviewing documents on the platform can review clauses against thousands of past deals. Each clause is easy to understand, explaining the underlying issue and providing alternative solutions or guidance on how to proceed.

The London-based startup exists to make legal services available and affordable to everyone.

That’s not to say that its templates are just copied and pasted. Unlike many law firms which charge thousands to draft the same clauses and contracts over and over again, Genie’s smart technology enables firms to customise their documents based on relevant context, such as the sector, business size, jurisdiction, and contract type.

Currently, Genie works mostly with startups and in-house legal teams, helping entrepreneurs to get their heads around the many confusing and intimidating legal processes of running a business.

Genie’s smart technology enables firms to customise their documents based on relevant context.

And forget about fiddling around with billable hours admin (finance teams, rejoice), Genie’s instant-access platform is re-defining the business model of law and turning it into an on-hand, convenient SaaS subscription.

Backed by the same investors as OpenAI and world leading professors at UCL, Oxford, and Imperial College, Genie has parked itself into a majorly influential position. This exciting new company has major plans to revolutionise the legal industry, standardising contract drafting globally, and open sourcing the law.

Beyond reasonable doubt, we’re willing to testify that Genie AI will achieve great things in 2023.