5 AI Tools for Contract Summarization

Small and medium businesses (SMBs) often face challenges reviewing dense contracts, which can be time-consuming and costly. AI tools now simplify the process by summarizing contracts, identifying key terms, and automating reviews. Here are five tools to consider:

1. LEGALFLY: Integrates with Microsoft Word, automates redlining, tracks obligations, and offers affordable plans for SMBs.
2. Legartis: Focuses on compliance and clause analysis, with strong API integrations for larger businesses.
3. Summize: Embeds AI into Microsoft Word for instant summaries and integrates with tools like Slack and Outlook.
4. Juro: Combines contract summarization with lifecycle management and collaboration tools.
5. MyCase IQ: An emerging platform offering contract summarization alongside broader legal management features.

Quick Comparison

Tool	Key Features	Best For	Pricing
LEGALFLY	Microsoft integration, redlining, obligation tracking	SMBs with standard contracts	Affordable
Legartis	Compliance tools, advanced clause analysis	Mid-sized businesses with complex needs	Higher cost
Summize	AI summaries, seamless Microsoft integration	Microsoft-centric businesses	Custom pricing
Juro	Full contract lifecycle management	Growing businesses	Tiered plans
MyCase IQ	Legal and contract management	Small legal practices	Competitive

These tools save time, improve accuracy, and reduce legal risks, making them essential for SMBs managing contracts. Choose based on your business size, complexity, and budget.

1. LEGALFLY

LEGALFLY brings AI-powered contract analysis directly into Microsoft applications, making it a great fit for small and medium-sized businesses (SMBs) already using Microsoft's tools. By seamlessly integrating with familiar software, it simplifies legal reviews and enhances efficiency.

Core Features

LEGALFLY automates contract redlining by identifying issues, offering suggestions for improvements, and providing risk assessments for each section. Users can set up custom playbooks to streamline contract checks and create detailed summaries that break down complex legal jargon into actionable insights. One standout feature is its ability to extract obligations across multiple contracts, helping SMBs track deadlines, deliverables, and compliance requirements without tedious manual reviews.

Integration Options

LEGALFLY is designed to work seamlessly within the Microsoft ecosystem, ensuring an effortless experience for users. As of August 2025, it integrates with Microsoft Word, SharePoint, and Microsoft Copilot, with additional support for Outlook and Microsoft Teams via Copilot.

• Microsoft Word Add-in: Users can draft, redline, and review contracts directly in Word, with all changes automatically tracked for smooth collaboration.
• SharePoint Integration: LEGALFLY taps into your organization's contract history, aligning the AI with your specific legal style and enabling bulk contract analysis while eliminating data silos.
• Microsoft Copilot: This integration allows contract reviews to happen within everyday workflows, such as analyzing attachments in Outlook or providing legal insights during Teams conversations.
• API Key: Developers can use LEGALFLY's legal intelligence to build custom applications tailored to specific needs.

Pricing (USD)

LEGALFLY offers flexible subscription plans designed for SMBs. Enterprise customers can even use Azure credits as part of their payment structure. The pricing scales with usage, making it an affordable solution for businesses that are managing a growing number of contracts.

Ideal SMB Use Cases

LEGALFLY is particularly well-suited for SMBs in industries like healthcare, financial services, and real estate, where compliance is non-negotiable. It's also a valuable tool for service businesses juggling multiple client contracts, thanks to its ability to process contracts in bulk and track obligations. For companies with distributed teams, LEGALFLY ensures consistent contract review standards. It works best for SMBs managing standard contracts with occasional custom terms, automating routine checks while flagging any unusual clauses for attention.

2. Legartis

Legartis is a tool designed for automated contract analysis, supporting both PDF and Word formats. It can be accessed as a web application or directly within Microsoft Word.

Integration Options

Legartis stands out with its ability to integrate smoothly into existing workflows. For users of Microsoft Office, it offers a Word add-in compatible with Office 2019 and Office 365, allowing contracts to be reviewed directly within Word. According to Legartis:

For those managing contracts on a larger scale, Legartis extends its functionality through an Open API. This API enables integration with Contract Lifecycle Management (CLM) systems, ensuring streamlined contract management:

3. Summize

Summize takes contract reviews to another level by embedding AI directly into Microsoft Word. This integration eliminates the hassle of switching between tools, streamlining the review process. As one of the top five AI tools for contract summarization, Summize leverages its Summize Intelligent Agents (SIA) to provide instant summaries of key contract details, no matter how complex the document.

Core Features

Summize simplifies the review process by creating AI-generated summaries that highlight critical contract details. This allows users to quickly spot risks and uncover cost-saving opportunities without having to comb through entire documents.

Another standout feature is Ask SIA, an AI-powered chatbot that provides on-demand clarifications. Whether you need a summary of specific terms or details about a particular clause, this tool delivers immediate answers, enhancing efficiency and accuracy.

Integration Options

Summize seamlessly integrates with Microsoft Word via an Add-In, enabling users to access all its AI capabilities - like summarization - without leaving the application. This embedded functionality keeps workflows smooth and uninterrupted.

In addition to Word, Summize connects with tools like Slack, email platforms such as Outlook and Gmail, and CRM systems used by sales teams. These integrations ensure flexibility and adaptability across various business needs.

Pricing (USD)

Summize operates on a custom pricing model, tailoring costs to each business's specific requirements. Companies can request a personalized quote instead of choosing from predefined pricing tiers.

Ideal SMB Use Cases

Summize is a game-changer for businesses that manage a high volume of contracts and need to speed up their review processes. Users have reported completing reviews up to 85% faster with the platform. For example, Elior, a Summize customer, reviewed over 400 contracts in just 5 days using the Summize Add-In, cutting review time by 85% and reducing costs by two-thirds.

Summize is particularly valuable for legal teams, procurement departments, and sales organizations that rely heavily on Microsoft Word for managing documents. Its ability to generate shareable summaries instantly makes it ideal for environments where quick communication with stakeholders is essential.

4. Juro

Juro is a comprehensive contract automation platform that brings together AI-driven summarization, collaborative editing, automated workflows, and analytics - all in one place.

Core Features

Juro’s AI engine is designed to simplify contract management by extracting and summarizing key details like renewal dates, payment terms, liability clauses, and termination conditions. Instead of manually combing through lengthy agreements, users receive structured summaries that highlight the most critical information.

The platform’s collaborative editor allows multiple users to work on contracts simultaneously, with tools like real-time commenting, version control, and automated workflows that ensure contracts are routed to the right people. Additionally, Juro’s built-in analytics dashboard provides insights into contract performance and identifies bottlenecks, helping businesses refine their processes and boost efficiency.

Integration Options

Juro integrates seamlessly with a variety of essential business tools. It connects with platforms like Salesforce, HubSpot, Slack, Microsoft Teams, and Google Workspace. For electronic signatures, it works with DocuSign and supports further customization through Zapier.

Legal teams benefit from integrations with legal document management systems like NetDocuments, while its flexible API offers businesses the ability to create custom connections with their existing systems. These integrations ensure smooth data flow across departments and streamline contract-related workflows.

Pricing

Juro offers tiered pricing plans to accommodate different business needs. All plans include features like unlimited contract storage, AI summarization, and standard integrations. Higher-tier plans unlock additional benefits, such as advanced analytics, custom workflows, and priority customer support.

Ideal SMB Use Cases

Juro is a great fit for growing SMBs that handle a high volume of contracts. It’s especially useful for industries like SaaS, professional services, and e-commerce, where manual contract management can quickly become overwhelming.

Sales teams can save time by using Juro’s AI to generate quick, concise contract summaries that focus on key terms, while legal departments maintain full oversight of agreements. By combining contract summarization with lifecycle management, Juro offers a practical solution for SMBs looking to streamline their contract processes and scale efficiently.

5. MyCase IQ

Wrapping up our overview, MyCase IQ introduces a new way to handle AI-driven contract summarization. This up-and-coming legal practice management platform combines AI-powered tools for summarizing contracts with full-scale case management features. Early feedback hints that it simplifies important legal workflows by pulling out key contract terms and compliance details, saving time and effort for legal professionals. Designed with small and mid-sized businesses in mind, MyCase IQ offers tools for both contract summarization and broader legal management. As the platform develops, more information about its features, integrations, and pricing will become available.

Tool Comparison: Benefits and Drawbacks

After diving into the detailed reviews, let’s break down the key strengths and limitations of each tool. Every option brings something different to the table, and understanding these nuances can help small and medium businesses (SMBs) pick the tool that aligns best with their needs and budget.

Tool	Key Benefits	Main Drawbacks	Best For
LEGALFLY	Fast processing, easy-to-use interface, affordable for SMBs	Limited advanced customization, newer platform with fewer features	Small businesses needing quick, simple contract summaries
Legartis	High accuracy with legal terms, strong compliance tools, European data standards	Higher cost, steeper learning curve, overkill for basic contracts	Mid-sized businesses with complex compliance needs
Summize	Seamless Microsoft Office integration, intuitive workflows, strong support	Limited as a standalone tool, dependent on Microsoft ecosystem	Businesses heavily using Microsoft Office tools
Juro	Full contract lifecycle management, advanced collaboration, scalable pricing	Expensive for basic needs, complex setup process	Growing businesses needing complete contract management
MyCase IQ	Combines legal practice and contract management, tailored for SMBs, competitive pricing	Limited experience in the market, fewer integration options	Small legal practices wanting an all-in-one solution

This table outlines the tools’ primary features, but there’s more to consider when choosing the right fit. Let’s explore the critical factors that can make or break your decision.

Cost Considerations

Pricing varies significantly across these tools. LEGALFLY and MyCase IQ are budget-friendly, making them attractive for smaller businesses. On the other hand, Legartis and Juro cater to premium markets with advanced features, while Summize sits in the middle but adds extra costs for Microsoft licensing.

Integration Capabilities

How well a tool integrates with your existing software can be a game-changer. Summize thrives in Microsoft environments, making it ideal for businesses already using Office. Meanwhile, Juro offers extensive API integrations, supporting a wide range of business tools. LEGALFLY sticks to basic integrations, which work well for SMBs without overwhelming complexity.

Usability and Learning Curve

Ease of use is another major factor. LEGALFLY and MyCase IQ are designed for immediate use, requiring minimal training. By contrast, Legartis and Juro demand more time to master but reward users with advanced features once the learning curve is overcome.

Accuracy in Summarization

Accuracy can vary depending on the complexity of contracts. Legartis excels with intricate legal language and international agreements. LEGALFLY, while effective for standard business contracts, may falter with highly technical terms. Summize, powered by Microsoft’s AI, delivers consistent results across different contract types.

Compliance Features for Regulated Industries

For businesses in regulated sectors, compliance tools are a must-have. Legartis leads here with built-in regulatory tracking and audit trails. Juro also offers strong compliance tools as part of its broader platform, while the other tools provide basic security measures suitable for general business use.

Scalability for Growing Businesses

If your business is expanding, scalability becomes crucial. Juro and Legartis can handle increased contract volumes and users without missing a beat. LEGALFLY and MyCase IQ, while great for current SMB needs, may require a switch to more robust platforms as your company grows.

Customer Support Quality

Support can make a big difference in your experience with a tool. Summize benefits from Microsoft’s extensive support network. Juro offers dedicated customer success teams to guide users. LEGALFLY and MyCase IQ provide responsive support tailored to their SMB audiences, though their resources are more limited compared to enterprise-focused tools.

This comparative breakdown ties together the features and insights discussed earlier, helping SMBs weigh their options and choose the tool that fits their unique requirements.

Conclusion

AI-powered contract summarization is reshaping how SMBs manage legal documents, offering a range of benefits - from the user-friendly design of LEGALFLY to the compliance-focused features of Legartis.

The right tool depends on your business's size and complexity. For smaller businesses, straightforward options like LEGALFLY and MyCase IQ are perfect for handling standard contracts with minimal effort. On the other hand, mid-sized companies with more intricate needs can benefit from Summize's seamless Microsoft integration or Juro's scalable contract lifecycle management. For businesses in heavily regulated industries, Legartis stands out with its built-in compliance tracking.

These tools can save significant time, cutting contract review from hours to just minutes. That means more resources for your core operations and less risk in your legal processes.

Pick a tool that matches your current needs - whether it's a simple, efficient solution or a robust platform with advanced features. And as your contract workload grows, you can always scale up to meet new demands. With AI contract summarization constantly advancing, staying aligned with both your present requirements and future goals is key.

FAQs

How can AI tools for contract summarization help SMBs manage legal risks more effectively?

AI Tools for Contract Summarization

AI-powered tools for contract summarization are a game-changer for small and medium-sized businesses (SMBs) looking to navigate legal risks more efficiently. These tools automatically pinpoint key clauses, highlight potential issues, and flag compliance concerns within contracts. This automation not only minimizes the chance of human error but also ensures that no critical details slip through the cracks.

By enhancing the accuracy and consistency of contract reviews, these tools help businesses steer clear of disputes and avoid expensive legal missteps. Plus, they simplify the review process, allowing SMBs to save time, reduce risks, and concentrate on their core operations with greater confidence.

What should businesses look for when selecting an AI tool for contract summarization?

When choosing an AI tool for contract summarization, businesses should focus on two critical aspects: accuracy and industry-specific expertise. The tool should be capable of understanding specialized terms and subtle nuances relevant to your field, ensuring precise and reliable summaries. Another key consideration is how effectively the tool identifies essential clauses, terms, and conditions, which can significantly simplify the contract review process.

You’ll also want to look at practical factors like how easily the tool integrates with your existing systems, whether the interface is intuitive for users, and how well it handles large or complex contracts. Finally, take a close look at the cost to ensure it aligns with your budget while still offering the features necessary to boost efficiency and save valuable time.

How does integrating with platforms like Microsoft Office improve the performance of AI tools for contract summarization?

The Power of Microsoft Office Integration for AI Contract Summarization

Integrating AI contract summarization tools with platforms like Microsoft Office takes efficiency to the next level by simplifying workflows. These tools can directly access, analyze, and summarize contracts within the familiar Office environment, eliminating the hassle of manual uploads or toggling between different systems.

This direct connection doesn’t just save time - it also enhances accuracy and accelerates decision-making. For small and medium-sized businesses (SMBs), this means managing contracts more effectively while fostering smoother team collaboration. The result? A more organized approach that keeps everyone aligned and focused on achieving business objectives.