Loio, originally developed by Phase One Karma and now part of the Lawrina ecosystem, is an AI-powered legal tech tool that streamlines the contract drafting and review process. Its primary audience is legal professionals, but its intuitive interface and functionality make it useful for business professionals and contract managers as well.
Loio uses machine learning and natural language processing to enhance the document drafting and review process. It highlights key data points in contracts, such as parties, dates, and definitions, and suggests improvements in document formatting, grammar, and legal terminology.
A standout feature of Loio is its integration with Microsoft Word as an add-on, making it easily accessible without disrupting existing workflows. The tool is also praised for its simplicity and user-friendly design, which allow users with varying degrees of legal knowledge to navigate and utilize the platform effectively.