40% of the time that lawyers spend on reviewing and drafting contracts does not translate to direct economic value. This is because many tasks are repetitive and require high attention to detail. Amikus' AI-powered platform allows lawyers to review and draft contracts more efficiently by up to 50%. The model has been trained on hundreds of thousands of contracts to create a strong moat. Amikus AI has received feedback from 15+ law firms and companies on its minimum viable products and the company is working on building pilot pipelines with 5 customers.
