Scissero

Scissero is a legal tech startup that offers alternative legal services to businesses. According to the vendor, their main goal is to provide high-quality legal advice and support at a lower cost compared to traditional law firms. Scissero is said to be suitable for businesses of all sizes, from small startups to large corporations. The product is targeted towards legal professionals, business owners and executives, startups and entrepreneurs, finance and investment professionals, as well as real estate professionals.

Key Features

Virtual Paralegal: Scissero offers a virtual paralegal called MIKE (My Interactive Knowledgeable E-Paralegal) that is claimed to handle a range of tasks typically assigned to a junior associate. MIKE combines experienced legal professionals with near-shore support staff and state-of-the-art technology, utilizing natural language processing and machine learning to provide efficient and accurate assistance.

Streamlined Operations: Scissero understands the time-sensitive nature of legal work and claims to offer a technology-enabled, customer-centric organization to support businesses in high-volume transactional legal work. They provide Scissero GPT, a machine-learning enabled chatbot that is said to automate legal tasks, conduct legal research, and extract information from documents to generate reports, resulting in measurable time savings on routine, low-value legal tasks.

Data Insights: According to the vendor, Scissero's virtual paralegal, MIKE, combines natural language processing with proprietary legal tech applications to help review memoranda, conduct legal research, draft contracts, and manage documents. MIKE is claimed to generate reports and provide insights into the data generated by corporate transactions, offering valuable information from stakeholder communications and high volumes of documents.

Technology and Data: Scissero's proprietary legal chatbot, MIKE, is described as a state-of-the-art tool that can handle various tasks typically assigned to a junior associate. Users can interact with AI-enabled task automation and data analysis tools through MIKE, which is designed to be user-friendly and responsive in real-time.

Automated Document Drafting: MIKE is claimed to be able to automate legal documentation, draft new legal documents, reformat existing legal documents, mark up disclosing party NDAs, and extract key information from documents. This feature is said to allow for efficient and accurate document creation and management.

Efficient Legal Research: According to the vendor, Scissero GPT, the machine-learning enabled chatbot, can conduct legal research and extract information from documents to generate reports. This feature is claimed to save time and provide valuable insights for legal professionals.

User-Friendly Interface: MIKE, the virtual paralegal, is designed to be user-friendly, allowing users to type instructions or speak to it like they would speak to another human. The vendor states that this intuitive interface enhances the user experience and makes the product accessible to all users.

Subscription and Per-Document Pricing: Scissero offers a pricing model that aims to provide sustained cost savings to businesses while maintaining the expertise and service level expected from a legal services provider. They offer subscription and per-document fees, eliminating the traditional billing by the hour.