QuickLegal, a trailblazer in the legal tech industry, is making waves with its innovative approach to automating debt collection and providing access to legal assistance. The company’s AI-powered debt collection tool streamlines the recovery of unpaid invoices, while the AI legal chatbot delivers comprehensive legal information and connects users to qualified lawyers for complex cases, all in one platform.
As an emerging leader in legal tech innovation, QuickLegal has successfully completed its next stage of product development. In collaboration with the renowned Italian technology company Santer Reply, QuickLegal has achieved significant advancements in automating debt collection services, empowering companies and individuals to overcome procedural hurdles efficiently and affordably with the help of cutting-edge technology. The collaboration with Santer Reply was instrumental in achieving these results. As an experienced player in digital transformation, Santer Reply brought essential technological expertise to integrate AI-driven solutions into QuickLegal’s existing platform. Together, the teams delivered a user-focused, impactful product that enhances access to justice while driving efficiency and affordability.
QuickLegal offers two groundbreaking products that promise to redefine the intersection of legal services and artificial intelligence. These innovations aim to streamline collection processes of late payments, enhance accessibility to key legal information and legal expertise. At the heart of this innovation lies a robust debt recovery tool powered by advanced technologies such as Azure’s Document Intelligence that automates the collection process from invoice tracking to escalation of overdue payments. Businesses can now upload unstructured data such as contracts, orders or invoices, and rely on AI to automatically read, identify and extract relevant data, pre-fill templates, and eliminate manual errors. This significantly reduces administrative effort, accelerates the debt recovery process, and allows businesses to focus on their core operations without the burden of repetitive tasks.
The product also contains an Analytics board, so that business owners can review their numbers, make informed decisions and target their collection efforts in the right direction to maximise results. Complementing this is QuickLegal’s AI legal chatbot, which empowers businesses and individuals with instant access to reliable legal information via instant answers to legal questions in the most diverse fields of law such as EU law. Whether businesses need guidance on legal fees, contracts, or processes, the chatbot provides immediate answers. For cases requiring personalized attention or the assistance of legal professionals, users can seamlessly connect with specialized lawyers through QuickLegal’s integrated matchmaking tool as the chatbot provides support for basic queries but matches users with experienced lawyers for more complex cases.
Throughout the project, QuickLegal conducted in-depth market research to identify the most pressing business challenges faced by companies and assess competition at the European level. These insights shaped the platform’s business model, ensuring its scalability and adaptability to diverse markets. QuickLegal’s tools are fueled by positive feedback from its users and promise to be widely adopted by various companies. Across diverse industries, users commend the platform’s ability to address real-world challenges while adapting to unique operational needs.
Within a remarkably short timeframe, QuickLegal has achieved exceptional growth, boasting over 800 users from diverse sectors such as transport, B2B services, construction, legal services, accounting, and retail. Users report high satisfaction with the platform’s efficiency, citing significant improvements in operational workflows and financial outcomes. Users have reported a 40-60% increase in their collection rates and a significant reduction in time spent on manual follow-ups, as they’ve successfully collected payments within 5-10 days from when they started using QuickLegal tool.
QuickLegal’s rapid ascent has been boosted by key partnerships with commercial banks, fintech innovators, legal tech leaders, and renowned accounting firms. These strategic alliances show the company’s capability to address diverse industry needs and cement its position in the legal tech ecosystem.
Being part of Station F, the world’s largest startup campus based in Paris, has significantly accelerated QuickLegal’s scaling plans to France. This prestigious ecosystem has facilitated the establishment of critical collaborations and laid the groundwork for the upcoming opening of QuickLegal’s Paris office.
Now, as the year 2024 turns to an end, QuickLegal is preparing for its next phase of growth, with EIT Digital soon joining as a shareholder. QuickLegal is gearing up to scale internationally, tailoring its offerings to meet the local market needs. The company’s commitment to innovation ensures that it remains at the forefront of legal tech solutions. With the support of EIT Digital, as part of Open Innovation Factory 2024 program, QuickLegal is advancing its mission to democratize legal services by equipping companies with the right tools they need for success.
Through AI technology and automations, QuickLegal is empowering businesses to optimize their cash flow and enables them, as well as individuals to get legal support with ease. But this mission will soon go further than that and therefore, the company invites investors, businesses, and supporters to join its mission of revolutionizing and democratizing legal services.
To learn more about QuickLegal’s solutions and stay updated on its upcoming fundraising campaign, visit QuickLegal’s website.
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