Lawgeex, an AI contract review startup, is laying off approximately 30 employees, representing about one-third of its total workforce. This decision follows a strategic pivot and business model shift. The company, which originally focused on selling automation technology to large corporate legal departments, recently obtained a license to provide legal consultation. This allowed it to market a new product, superlegal.ai, to smaller businesses without legal teams. To streamline operations and aim for profitability for its core enterprise product, Lawgeex is restructuring, splitting into two product lines, which necessitates workforce adjustments across its Israeli and U.S. offices. The layoffs were announced in early September 2022.
