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LinkSquares vs Ironclad

What is Ƶ?

Ƶ is a secure intelligent platform that streamlines contract drafting, reviewing, and editing with cutting-edge, AI-powered tools.

What is

LinkSquares

?

Founded by Vishal Sunak and Chris Combs after experiencing contract management challenges in previous roles. Has raised over $100 million in funding, including a $100 million Series C in 2022 led by G Squared.

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What is

Ironclad

?

Founded by ex-Pixar engineer Jason Boehmig and ex-Google product designer Cai GoGwilt. Has raised over $333M in funding with a $3B+ valuation. Backed by investors like Accel, Sequoia, Y Combinator, and others.

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CORE CAPABILITIES
Ƶ
LinkSquares
Ironclad
AI and Machine Learning Capabilities

✅ Lawyer-supported AI and ML at the core of the platform

✅ Purpose-built AI for contract analysis, extraction, and risk assessment; utilizes both pre-trained models and custom machine learning

✅ Ironclad AI for contract analysis, risk identification, and metadata extraction; recently enhanced with generative AI capabilities

Contract Drafting

✅ AI-assisted contract drafting capabilities

❌ Draft module offers template-based contract creation with clause library, but drafting capabilities not as sophisticated as AI-native platforms

❌ AI-assisted drafting capabilities through Ironclad Editor, but primarily focused on template-based drafting rather than AI-first generation

Contract Review

✅ AI-powered contract analysis with clause-specific risk assessments

✅ Strong AI-powered contract analysis and review with automated extraction of key terms and obligations

✅ Strong AI-powered contract review capabilities that flag risks and extract key terms

Document Assembly

✅ AI-powered document assembly

❌ Basic document assembly capabilities through templates and clause libraries

✅ Template-based document assembly with workflow automation

AI Document Editing

✅ AI-powered document editing: Ask Genie to edit your styling, suggest new clause text, or analyze key clauses. Shows tracked changes, and is private per party. Genie assists with and automates entire workflows, not just producing text responses.

❌ Limited AI-powered document editing compared to AI-native solutions

✅ Ironclad Editor offers AI-assisted editing features and collaboration tools

Legal Research Integration

❌ AI-powered legal research assistance available within the document editor, requiring specific prompts.

❌ No integrated legal research capabilities

❌ No built-in legal research capabilities

Negotiation Support

✅ Tools to support negotiation, including clause-by-clause editing and collaboration features.

✅ Finalize module provides negotiation and approval workflows with version control

✅ Redlining, version control, and approval workflow support for negotiations

Data Extraction and OCR

✅Ƶ offers OCR capabilities. ✅Ƶ offers data extraction through their API and integrations.

✅ Advanced data extraction from contracts with OCR capabilities for scanned documents

✅ Advanced OCR and data extraction for legacy contracts and third-party paper

COLLABORATION & WORKFLOW
Ƶ
LinkSquares
Ironclad
Collaboration Tools

✅ Built-in real-time collaboration features just like Office365 or Google Docs (No need to download your red-lined version, and make it editable, then send it on - it's all doable within Genie)

✅ Collaborative workflows for contract creation, review, and approval

✅ Real-time collaboration with commenting, redlining, and approval workflows

Workflow and Approval Management

✅ Workflow automation

✅ Comprehensive workflow automation across the contract lifecycle with customizable approval chains

✅ Industry-leading workflow automation with customizable approval flows and routing

Contract Management

✅ Manage your projects and organize your own template and clause library

✅ Advanced contract repository with extensive metadata tracking, alerts, and renewals management

✅ Comprehensive contract lifecycle management from creation to renewal

Reporting and Analytics

✅ Company and user level reporting and analytics

✅ Robust analytics and reporting on contract data, obligations, and business intelligence

✅ Robust analytics dashboard with customizable reports and insights

LIBRARIES & TEMPLATES
Ƶ
LinkSquares
Ironclad
Private Clause Library

✅ Private clause library (usable only by your legal team)

✅ Comprehensive private clause library capabilities for organization-specific language

✅ Ability to create and maintain organization-specific clause libraries

Community Template Library

✅ Community template library available to create modular contracts

❌ No community template library

❌ No community template library

Private Template Library

✅ Bring your own library of private templates usable only by your legal team, within Genie

✅ Extensive private template library capabilities with permission controls

✅ Comprehensive template management for creating and maintaining organization-specific templates

TECHNICAL ASPECTS
Ƶ
LinkSquares
Ironclad
Platform Type (Native vs Plugin)

✅ Cloud-based (SaaS)

✅ Cloud-based SaaS solution

✅ Cloud-based solution hosted on AWS

Microsoft Word Compatibility

✅ Import and export Word documents (.docx) with reasonable formatting fidelity. Some styling and complex formatting may not be perfectly preserved.

✅ Microsoft Word integration for contract drafting and editing

✅ Microsoft Word plugin and .docx import/export capabilities

Integration with Storage (Google Drive, Dropbox)

❌Coming soon (request this feature)

✅ Integrations with cloud storage platforms and document management systems

✅ Integrates with cloud storage solutions including Google Drive, Dropbox, Box, and OneDrive

Integration with Other Tools

❌ Integrates with Microsoft Word, allowing direct editing and collaboration within the platform.

✅ Extensive integrations with CRM, ERP, e-signature, and other business systems including Salesforce, DocuSign, and Microsoft

✅ 200+ integrations including Salesforce, DocuSign, SAP, Workday, and other business systems

Complex Legal Styling and Formatting

✅ Full numbering support + AI auto-styling and formatting

❌ Adequate but not specialized for complex legal formatting

❌ Handles basic to intermediate formatting, but complex styling may require Word plugin

Security & compliance
Ƶ
LinkSquares
Ironclad
End-to-end Encryption

❌ End-to-end encryption and encryption at rest

✅ Enterprise-grade security with end-to-end encryption

✅ Enterprise-grade security with encryption at rest and in transit

Security Certifications

✅ Compliant with ISO27001 and SOC2 Type 2

✅ SOC 2 Type II, ISO 27001, GDPR compliant

✅ SOC 2 Type II, ISO 27001, and GDPR compliant

Data Sovereignty & Privacy

✅ Ƶ prioritizes data sovereignty by not training its models on user data. However, data may be processed by third-party LLMs subject to their respective data handling policies.

✅ Strong data privacy controls with data processing agreements available

✅ Strong data privacy controls with options for regional data storage

Authentication Methods

❌Multiple authentication options (coming soon) (request this feature)

✅ Multiple authentication options including SSO and SAML

✅ SSO, MFA, and other enterprise authentication methods

Permissions & Access Control

✅ Granular access control features

✅ Granular role-based access controls and permissions

✅ Granular role-based permissions and access controls

Compliance Standards

✅ Compliant with GDPR and UK GDPR standards

✅ Compliant with major regulations including GDPR, CCPA, and HIPAA

✅ Compliant with GDPR, CCPA, and other major privacy regulations

Customer Support Options

✅ Multiple support channels available (e.g., email, in-app messaging)

✅ Multiple support channels including email, phone, and chat

✅ Email, chat, and phone support with dedicated customer success managers for enterprise clients

Onboarding Process

✅ For our custom plans, get setup within 3 days with a guided onboarding plan

❌ Comprehensive but requires significant implementation time (typically weeks)

❌ Structured implementation process that typically takes 4-8 weeks for enterprise deployments

Training & Resources

✅ 1-2 weeks from agreement to full implementation

Pilot: ❌ Formal pilot process requiring contract upload and configurationImplementation Timeline: ❌ Average 4-8 weeks for full implementation and onboarding

Pilot: ❌ Formal pilot process requiring significant planning and implementation timeImplementation Timeline: ❌ 4-8 weeks for standard implementation, longer for complex enterprise deployments

PRICING & ROI
Ƶ
LinkSquares
Ironclad
Pricing Model

✅ Ƶ offers a range of subscription plans based on usage.

❌ Subscription-based with tiered pricing starting at approximately $30,000-$50,000 annually for basic package, with additional costs for advanced modules

❌ Subscription-based pricing with different tiers (Basic, Growth, Enterprise). Starting around $15,000 annually for smaller implementations, with enterprise deals ranging from $50,000 to $500,000+ annually

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