When it comes to legal documents, you can never be too careful — any small mistake or oversight could result in hefty costs. And at the moment, numerous legal documents involving hundreds of billions of dollars are created each year and subjected to only human review.
jEugene is a startup that launched this month out of our Summer 2015 class that automatically scans legal documents and detects difficult-to-spot errors. Notably, jEugene detects definitional errors, which are among the most common yet hardest to catch drafting mistakes lawyers make.
TechCrunch’s Mike Butcher wrote about jEugene in a story published earlier this month:
“For years, software engineers have enjoyed the assistance of quality
assurance software when writing computer code. Lawyers, however, are
generally stuck with Microsoft Word. Yikes! So automated, intelligent
reviewing of legal contracts by software should be the future. That’s
where jEugene, a new YC startup as part of this summer’s batch, comes in.
This startup helps the drafters of legal documents catch mistakes
that could be fatal to such documents’ validity or enforceability.
The original idea of Harry Zhou, who, as a first-year lawyer, was
tasked with proofing a 250-page contract and wanted more than his
supervising lawyer’s assurance that ‘you did great,’ jEugene scans
through a legal document and highlights in text potential drafting
mistakes in the document.”
Read the full story on TechCrunch here.