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Lexion Reviews & Product Details - Page 2

Lexion Overview

What is Lexion?

Lexion is a powerfully simple contract management platform that helps every team do more business, faster, by streamlining and centralizing the contracting process in a system that works the way you do. Manage all your end-to-end dealmaking operations from one centralized dashboard, with simple email-driven intake and workflows any team can use instantly, intuitive no-code automation to streamline processes and workflows, and industry-leading, practical AI that can read contracts to automatically track key terms, generate reports, and more. We built Lexion at Microsoft co-founder Paul Allen’s artificial intelligence research institute (AI2). With a top-notch and experienced team from Microsoft, Facebook, Google, and Amazon, we built a company that CB Insights ranked the #1 most promising AI legal tech startup in the world two years in a row, and which top AI investors (including A16Z, Sequoia, and Goldman Sachs) voted one of the top 40 Intelligent Applications to watch in 2022. Most importantly, fantastic brands trust Lexion to manage their contracts: Outreach, Lacework, OfferUp, and many more.

Lexion Details
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Product Description

Lexion is an AI powered contract management system used by in-house counsel, finance, procurement, sales, and business operation teams to manage, analyze, and report on what's in their contracts and setup alerts for key events or milestones. Lexion's customers include Brooks Running, Apptio, Outreach, Blue Nile, Trupanion, Abstract, Hippo Insurance, and many more.

How do you position yourself against your competitors?

Unlike other CLMs, Lexion is easy for your legal team to use and it's also easy to get the whole company on board with email-driven workflows and key integrations like Slack, Teams, and Salesforce. Lexion even adds all your legacy contracts so you truly have one organized central repository.

Get organized and have more time for the strategic work that really matters, like accelerating sales.


Seller Details
Seller
Docusign
Year Founded
2003
HQ Location
San Francisco, CA
Twitter
@Docusign
152,932 Twitter followers
LinkedIn® Page
www.linkedin.com
7,816 employees on LinkedIn®
Ownership
NASDAQ: DOCU
Phone
1‑877‑720‑2040
Description

Docusign pioneered the development of e-signature technology, and today offers one of the top global e-signature solutions. It’s just part of their broader cloud-based System of Agreement Platform, which allows companies of all sizes and across all industries to quickly modernize and digitize the entire agreement process—all the way from preparing agreements to signing, enacting and managing them—from almost anywhere in the world, on practically any device.


Paxton W.
PW
Overview Provided by:

Recent Lexion Reviews

DIVYA J.
DJ
DIVYA J.Mid-Market (51-1000 emp.)
4.5 out of 5
"Simplifying complex work flows"
user interface is good , even people having minimum technical knowledge can use it
Verified User
A
Verified UserMid-Market (51-1000 emp.)
4.0 out of 5
"Lexion - dynamic AI contract management"
The AI pull of data is great - saves a lot of headaches surrounding data entry. Also the ability to adjust repository data on the fly or add fields...
AS
Amanda S.Mid-Market (51-1000 emp.)
5.0 out of 5
"Easy to use, new features and regular updates, strong AI, and great customer service!"
I went from using a 100% manual CMS to using Lexion and it was a night and day difference. Its AI is intuitive. One thing I especially love is how ...
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Lexion Media

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131 Lexion Reviews

4.6 out of 5
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131 Lexion Reviews
4.6 out of 5
131 Lexion Reviews
4.6 out of 5

Lexion Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for LexionQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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JM
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Lexion?

The platform is incredibly simple to figure out, and the integration was a breeze. Review collected by and hosted on G2.com.

What do you dislike about Lexion?

So far, I have not found any downsides to using the Lexion platform. Review collected by and hosted on G2.com.

What problems is Lexion solving and how is that benefiting you?

Lexion p;rovides an easy to use AI-powered repository that has the capability to allow a multitude of reports to be prepared with very little effort. It allows me to provide objective evidence of the work that's being performed by the Legal function at our company, and it provides a single dashboard for identifying the current status of all pending legal matters. Review collected by and hosted on G2.com.

Stacey R.
SR
Legal Counsel
Mid-Market(51-1000 emp.)
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Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Lexion?

Minimal change management required for all employees not just the legal team in using the software. Choice of online dashboard or use through email solely. Review collected by and hosted on G2.com.

What do you dislike about Lexion?

There are some features which are still in development compared to other platforms, but these look to be being rolled out soon. Review collected by and hosted on G2.com.

What problems is Lexion solving and how is that benefiting you?

Lexion provided a platform that was geared at in-house teams. It solved our problems for issue submission, matter management and in addition, a fulsome contract lifecycle management platform in one. While it is smaller in scale than some of the larger enterprise based solutions that are on the market it is much more suited for our small team and we the customer success managers are very fast to respond to suggestions and any help needed. Review collected by and hosted on G2.com.

Verified User in Biotechnology
AB
Mid-Market(51-1000 emp.)
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Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Lexion?

It's fairly straightforward to set up automations relating to agreements and to udpate settings relating to templates, automations, users, and other organizational settings. The integration with email is very helpful for keeping all information in one place. Review collected by and hosted on G2.com.

What do you dislike about Lexion?

Some features could use a bit of refinement still, particularly those relating to filing completed agreements. There are a few things that I would like to have more automation available for. Review collected by and hosted on G2.com.

What problems is Lexion solving and how is that benefiting you?

It allows our company to use one system for tracking and executing all agreements regardless of whether they start with our company's template or another company's paper. It also allows for automation of the internal agreement approval process. Review collected by and hosted on G2.com.

Rory D.
RD
Senior Legal Counsel
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Lexion?

The platform is very business user friendly--it's easy to customize and configure without a high level of technical expertise. Review collected by and hosted on G2.com.

What do you dislike about Lexion?

There isn't anything that "dislike"; however, Lexion doesn't have a ton of "bells and whistles". It gets the job done but doesn't have any specific features that blow me away. Review collected by and hosted on G2.com.

What problems is Lexion solving and how is that benefiting you?

Internally within our legal team, it is a useful collaboration tool because we utilize it to triage incoming requests. We can automatically route certain requests types to specific resources, and it provides visibility for the entire team.

Externally with our business clients (i.e. sales, marketing, other depts), it provides a high level of transparency and an easy centralized process for submitting requests. Review collected by and hosted on G2.com.

Verified User in E-Learning
AE
Mid-Market(51-1000 emp.)
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Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Lexion?

Lexion is easy to set up, learn, and use, and has many integrations with other tools that our business uses. It has become our legal team's primary task management solution. Our support representative is helpful and quick to respond. Review collected by and hosted on G2.com.

What do you dislike about Lexion?

There are several tools, including Google Docs, that do not have full integrations. There are some "smart"/automated aspects that would benefit from allowing customization. Review collected by and hosted on G2.com.

What problems is Lexion solving and how is that benefiting you?

Lexion is providing us with a central contract repository that is easy to search and form which we can easily pull insights. We also are using the task intake tool to manage the flow of legal requests within our business. Review collected by and hosted on G2.com.

Verified User in Veterinary
AV
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Lexion?

Lexion is extremely user friendly and the support staff is always there to try and make your life easier. They are constantly looking for ways to improve their product and stay ahead! Alo, the tool iteself is useful for all areas of the business and allows the legal department to do more with less. Review collected by and hosted on G2.com.

What do you dislike about Lexion?

There isn't much that I "dislike" about the program. I suppose it would be nice to have a more robust task management function. However, Lexion is already on it! Like I said before-- they are always trying to improve their product! Review collected by and hosted on G2.com.

What problems is Lexion solving and how is that benefiting you?

(1) Organizing contracts-- legal knows where EVERY contract is at all times, it's amazing.

(2) Contract Analytics -- the business team is always asking for data from contracts. Lexion allows us to easily pull the data request with limited manpower.

(3) Organizing taks -- Lexion allows the legal department to stay organized and manage workflows with their task function. This greatly improves the deparmtents turnaround time. Review collected by and hosted on G2.com.

Jill Y.
JY
Senior Corporate Counsel
Mid-Market(51-1000 emp.)
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Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Lexion?

Once you learn how to use it, it makes everything ten times more efficient and easier. Things are organized in a logical way so it's easy to find things and use the features to help you with your workflow. Review collected by and hosted on G2.com.

What do you dislike about Lexion?

The amount of cleanup that is needed after the contracts are copied over can be overwhelming. It's a very manual process but I also think that it would have happened no matter which of the CLMs we implemented. Review collected by and hosted on G2.com.

What problems is Lexion solving and how is that benefiting you?

The legal department is often asked for metrics (how fast contracts are processed, how many we've processed, etc.) or to look for how many contracts contain a specific clause, such as a price cap or aggregate data rights. Before Lexion, this required a very manual process of opening each file and reviewing the contents but with Lexion, I can just run a report and have the requested information much quicker than before. Review collected by and hosted on G2.com.

Verified User in Legal Services
AL
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Lexion?

I love the user interface. Lexion makes it easy to update the status of a task and also see where its at between different teams (such as Legal, business etc). One can change the status to reflect responsibility. Review collected by and hosted on G2.com.

What do you dislike about Lexion?

I find that it is difficult initially to understand how to upload documents. Also sometimes people cannot view tasks if they don't have permissions. I think the document upload process can be sorted and a way should be there for people to see the task but perhaps not make changes, etc. Review collected by and hosted on G2.com.

What problems is Lexion solving and how is that benefiting you?

It helps manage and track contract renewals, and comments from the legal and business teams. Lexion is also a store for all contract drafts so one can see the drafts as well as the internal chat where people raise questions and provide comments. All these are helpful resources for the company to see recurring contracts. Review collected by and hosted on G2.com.

Verified User in Medical Devices
EM
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Lexion?

I've found Lexion to be extremely intuitive, easy to set up, and easy to get my business partners using. Implementation was quick and smooth -- all of our contracts were uploaded within a few weeks and our metadata was analyzed. We have been working diligently to set up workflows, which enable us to auto-generate contracts based on our business teams' responses to certain questions, route documents quickly for approval, and manage the lifecycle of our contractsd.

As a team of 1, Lexion has made my job so much easier. First, creating workflows that can allow our business team to generate our most common forms has saved me from ankle-biting work. Second, the e-signing process is easy and quick. Third, the AI that's used to extract metadata makes tracking and monitoring our contracts so much easier.

I'd highly recommend Lexion to a legal team of any size! Review collected by and hosted on G2.com.

What do you dislike about Lexion?

There's not much to offer for an area of improvement for Lexion. Lexion is open to suggestions and appears to be building out new functionality that makes their customers' jobs easier. That is great! Review collected by and hosted on G2.com.

What problems is Lexion solving and how is that benefiting you?

Lexion is solving our end-to-end contract management process. It stores our most up-to-date templates, it allows you to set up workflows to generate contracts and route for approvals, it tracks your work and "to do" list, and makes you much more efficient so you can be freed up for other work. Review collected by and hosted on G2.com.

Jeremy S.
JS
General Counsel
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Lexion?

Integration with email made getting others to use the system very easy, and it continues to be one of my favorite things about Lexion. Stakeholders don’t have to log into Lexion to submit requests. With any new system, adoption is always a concern, but we haven’t had any issues with Lexion. Implementation was quick and easy, and setting up the system to work with our business processes has been intuitive.

Improvements are rolled out on a regular basis and account managers are extremely responsive. Review collected by and hosted on G2.com.

What do you dislike about Lexion?

Would like to be able to have different levels of document access for "legal" users. Review collected by and hosted on G2.com.

What problems is Lexion solving and how is that benefiting you?

Lexion makes order out of contract chaos. Managing our contract tasks across the company in one place helps us make sure that nothing gets dropped and everybody has visibility into task status and other information. The rest of the company loves how easy it is to find contract information and get answers to their questions quickly. We love Lexion. Review collected by and hosted on G2.com.