Lexion vs Ironclad
The Lexion Alternative With 90%+ AI-Assisted Accuracy
Lexion users need time to fix mistakes made by their AI. Ironclad speeds up contracts with extreme accuracy.
Automate uploading, tagging, indexing, and redlining with the leader in contract AI.
Millions of users worldwide trust Ironclad
Ironclad is the only platform built from the ground up to handle all contract types – legal, sales, finance, HR, marketing, procurement, and more. That’s why respected brands everywhere trust us to help them make and manage their digital business contracts.
Users waste time fixing Lexion AI’s inaccuracies
Lexion has a hard time recognizing data in tables, identifying unique agreements, or connecting related documents.
Even after training the AI extensively, users still:
- Spend time correcting AI mistakes
- Manually tag items its AI didn’t catch
- Miss out on other efficiencies because of AI faults
Lexion vs Ironclad feature comparison
Ironclad’s speed of AI innovation is unmatched
AI accuracy
Limited
Even after hours of training
90%+
Global leader in Contract AI
Identifies risk areas
Currently in closed beta
AI Playbooks
Suggests redlines
Currently in closed beta
AI Assist™
Provides negotiation guides
Only a summary
AI Playbooks
Detects contract properties
120+
194+
AI Smart Import
Custom AI training
Detect non-standard or custom clauses to fit your language
Forrester CLM Wave
Not recognized
Named Leader in 2023
Gartner Magic Quadrant
Not recognized
Named Leader in 2023
IDC MarketScape
Not recognized
Named Leader in 2023
Lexion vs Ironclad
Ironclad AI speeds up the entire
contract lifecycle
Index and tag legacy contracts 50% faster with Smart Import
Import legacy contracts and third-party paper in minutes. AI scans your documents and tags properties with 90%+ accuracy, making information immediately searchable in your repository.
"With Ironclad’s Smart Import, uploading legacy contracts is 40-50% faster and we get 2-3 times more contract data than before."
Daniela Lagoteta
Legal and Compliance Analyst
Rippling
Create and update legal workflows on your own
Launch contract generation and approval processes without long implementation times or the need for technical support. Add conditional clauses and approvers as needed in minutes, using a drag-and-drop builder.
"It’s actually very intuitive once you start using it… I feel more than capable of starting new workflows and adapting existing ones to our needs without going to a support team."
Ezinne Okpo
VP of Legal
Reonomy
Accurately identify unapproved clauses with AI
AI Playbooks detect and highlight 198+ clauses and properties in real-time, showing potential risks. AI Assist suggests appropriate fallback language based on contract details and your clause library.
"Like many lawyers, I was skeptical of AI. But I wanted to try it, so I used Ironclad AI Assist to help draft a few clauses - and it was fast. I sent them to the counterparty and didn’t get a *single* redline back."
Katelyn Canning
Head of Legal Operations
Ocrolus
Collaborate in real-time without missing a single comma
Convert any contract into a collaborative doc. When negotiations happen, Smart Detect combines edits from different stakeholders into a single output and adds new approvers based on redlines made.
"Legal, deal desk, and sales collaborate on redlines right in Ironclad. It’s foolproof to know which documents have been approved and what needs to happen next."
Ashley Hanks
VP, Head of Commercial Operations
Anaplan
Identify areas of improvement with up-to-date contract data
Analyze and share AI-tagged contract data with Ironclad Insights. Help teams across the organization understand where they could be making better operational, structural, and financial decisions.
"Ironclad Insights gives us the data we need to make these informed, impactful decisions based on contract data that was previously impossible to define."
Daniel Michalek
Manager, Legal Operations
Branch
Ironclad Community
Join the world’s leading digital contracting community
Get the answers and ideas you need to advance your role. Connect with peers, attend events, and voice your ideas with the Ironclad Community and Ironclad product team.
"My experience with the Ironclad community has been nothing short of warm and inviting. It is an amazing group that has found a way to connect a diverse legal industry through practical conversation and enjoyable dinners."
Lacy J. Lodes
Associate General Counsel
Mercari US
Charlene Barone
Director of Legal Operations & Strategy
Orangetheory
What AI is doing is redlining certain provisions for us. We have a set of specific terms that need to be in all of our membership agreements. Instead of manually redlining line item by line item, we identify the sections we want to update and then prompt AI Assist to do so.
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Frequently Asked Questions
Yes! It’s easy to get started, and there’s no commitment. Start your 14-day free trial here.
Contract AI refers to the use of artificial intelligence (AI) technologies in handling and analyzing contracts. It involves the application of AI to automate various aspects of contract management and review processes. Contract AI can assist in tasks such as contract drafting, contract indexing and tagging, contract review, and contract analytics.
Contract review usually involves a large team of legal experts manually comparing negotiated contracts against their reference materials. This process is time-consuming. With the advent of AI contract review, the process has become significantly faster and more efficient. By leveraging AI technology, software like Ironclad can swiftly scan through extensive contract documents, identifying unauthorized and potentially risky clauses that require approval from the legal team. This way, instead of having to read the entire contract, the legal team can now focus their attention on specific issues that require their attention.
Ironclad AI provides a 90%+ accuracy rate for most contracts. Ironclad has processed over 1 billion contracts and trained its AI models over large data sets of public and proprietary contract data. Even though we work to make AI increasingly accurate every day, human review and expertise is suggested.
Ironclad has different competitors in the CLM and contract management industries. For a comprehensive list of competitors, read our guide on How to Choose the Best Contract Management Software.