Falcon AI

Falcon pairs an AI contract-review platform with a regulated law firm. Its legal practice trades as Falcon Law BV and the technology side as Falcon AI BV. Customers send commercial contracts and receive them back reviewed within 24 hours.

The process has two stages. The software makes a first review against the client's own legal standards, and a bar-admitted lawyer then goes through the document line by line and signs it off. Because the work is done by a law firm, the company says it carries attorney-client privilege and professional indemnity insurance, which it contrasts with software-only legal tools.

Documents it handles include master services agreements, sales and purchasing agreements, non-disclosure agreements, terms and conditions and data processing agreements. Billing is a single flat monthly fee rather than hourly rates; figures sit on a separate pricing page that was not read here.

Falcon targets fast-growing technology companies and founders across Europe. Its site lists Loop Earplugs, Aikido, Chift, TwinSkin and Warren as customers. Co-founder Wim Dejonghe is a former senior partner at the law firm A&O. The firm says it raised 1.5 million euros in pre-seed funding. Its headquarters is on Cantersteen in Brussels, and it also lists offices in London, Paris and Amsterdam.

Key facts

• Based in: Ghent and Brussels, Belgium
• Offices: London, Paris, Amsterdam
• Service: lawyer-reviewed commercial contracts within 24 hours
• Pricing model: flat monthly fee
• Named clients: Loop Earplugs, Aikido, Chift, TwinSkin, Warren
• Funding: 1.5 million euros pre-seed