Latch
Latch is an AI-native contract intelligence platform that helps in-house legal teams review, redline, and extract insights from contracts in minutes. Built for Fortune 500 legal teams.
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What is Latch?
Latch is an enterprise contract intelligence platform built for legal teams that need to review, redline, search, and analyze contracts faster. The website positions it as a tool that goes beyond traditional CLM software by combining contract review, repository intelligence, and an AI assistant in one workflow.
Latch Review helps users redline agreements directly in Microsoft Word against playbooks, previously negotiated contracts, and market benchmarks. It also supports prompt-based review, drafting comments, and generating changes that preserve the counterparty's language while aligning with your legal positions.
Latch Intelligence is the repository side of the product. It automatically extracts contract data without manual tagging, clusters related agreements and amendments into contract families, detects relationships like parent agreements and superseding documents, and surfaces deviations, outliers, renewals, obligations, and revenue-related insights.
Latch Assistant ties the workflow together by answering complex questions across the contract library, explaining clauses, handling follow-up questions, and supporting legal research with trusted sources. The site says it is designed for enterprise legal teams, works with existing cloud or on-prem systems, and emphasizes security, traceability, and context-aware answers.
Latch pricing
Pricing model: Free
The website does not publish standard pricing. Ivo appears to be sold as an enterprise product that requires scheduling a demo or contacting the company before use. The Microsoft Marketplace listing says it is intended to be acquired by enterprises, not individual users. No free tier, self-serve plan, or public pricing tiers are listed on the site; the materials instead focus on a demo-based sales process and enterprise deployment.
Latch pros
- AI-native contract repository
- No manual meta-tagging required
- No predefined fields needed
- Automatic contract clustering
- Detects amendments and related agreements
- Creates composite agreement views
- Shows contract evolution over time
- Flags deviations and outliers
- Side-by-side clause comparison
- AI-powered columns from plain English prompts
- Saved views for renewals and risk analysis
- Redlines directly in Microsoft Word
- Benchmarks against market positions
- Prompt-based review and drafting
- Conversational follow-up questions
- Traceable reasoning to exact clauses
- Legal research with verified sources
- Works with cloud, file systems, and on-prem setups
- Zero-retention enterprise architecture
- No AI training on customer data
Latch cons
- Enterprise-only acquisition model
- Requires demo before purchase
- Not aimed at individual users
- Microsoft Word-centric workflow
- Best fit for legal teams, not general users
- Pricing is not publicly listed
- Full setup may depend on enterprise onboarding
- Relies on existing contract data quality
Frequently asked questions about Latch
What is Ivo?
Ivo is an AI contract intelligence platform for enterprise legal teams. It combines contract review, a contract repository, and an assistant that can redline, explain, search, and analyze agreements from within a single workflow.
How does Ivo help with contract review?
Ivo Review lets users redline agreements in Microsoft Word against playbooks, previously negotiated contracts, and external benchmarks. It can also generate comments, modify language, and use prompt-based AI to review and draft contract changes.
What does Ivo Intelligence do?
Ivo Intelligence automatically extracts contract data, clusters related agreements, and links amendments, restatements, superseding agreements, and other related documents. It is designed to surface patterns, relationships, and business insights across a full contract library without manual tagging.
Does Ivo require manual tagging or predefined fields?
No. The website says Ivo’s repository analyzes contracts without manual meta-tagging or predefined fields, and it automatically extracts and organizes contract data for the user.
Can Ivo combine base agreements with amendments?
Yes. Ivo can automatically unify base agreements and amendments into a composite contract view so users can see the true governing version and the timeline of how terms changed.
What can Ivo Assistant answer?
Ivo Assistant can answer complex questions across contract portfolios, explain clauses, identify deviations from standards, and support legal research. It is designed to go beyond simple keyword search or yes/no answers and provide traceable, context-aware responses.
Does Ivo work in Microsoft Word?
Yes. The site and marketplace listing describe Ivo as a Microsoft Word add-in, and much of the review and redlining workflow happens directly inside Word.
What systems can Ivo connect to?
The repository is described as system agnostic and able to work with existing file systems, cloud storage, and on-prem environments. The site also mentions ingesting contracts from places such as Google Drive, SharePoint, and Salesforce.
How does Ivo handle security and privacy?
Ivo says it uses enterprise security controls including SOC 2, ISO 27001, GDPR and CCPA compliance, zero-retention architecture, and audit logging. The site also says it does not train AI models on customer data.
Who is Ivo for?
Ivo is positioned for enterprise legal teams, especially in-house teams that manage large contract portfolios and want faster review, better contract visibility, and higher-quality negotiation workflows. The marketplace listing explicitly says it is intended for enterprise acquisition rather than individual users.