Leeway: Contract Workflow for Legal Teams

Introducing Leeway: Streamlining Contract Management

Leeway is a French startup focused on delivering a comprehensive, software-as-a-service (SaaS) solution designed to manage contracts effectively. The platform enables businesses to consolidate all contractual agreements into a centralized repository.

This centralization facilitates multiple negotiation phases and seamlessly integrates with DocuSign to initiate the signature process.

Seed Funding and Investors

The company recently secured $4.2 million in seed funding. Investors included HenQ, Kima Ventures, and a group of prominent business angels.

These angels are the founders of well-known companies like Algolia, Eventbrite, Spendesk, MeilleursAgents, Livestorm, and Luko.

The Problem Leeway Solves

Legal departments often rely on a fragmented collection of tools. Typically, Microsoft Word is used for drafting, cloud services for storage and sharing, and separate e-signature and archival solutions.

Leeway aims to optimize this entire workflow, providing a unified system for all contract-related activities.

Key Features and Functionality

Firstly, Leeway serves as a secure central storage location for all contracts. This simplifies contract retrieval and enables automated reminders for upcoming renewal dates.

Secondly, contracts can be directly edited within the Leeway interface. Managers can review and suggest changes, while employees can initiate revisions and save new versions.

Administrators can establish approval workflows, requiring multiple stakeholders to authorize a contract before signature. This ensures proper oversight and compliance.

The platform provides a clear overview of all contracts currently progressing through the pipeline.

Future Development

Leeway is currently exploring the integration of conditional clauses. This feature would allow users to easily switch between different versions of clauses during negotiations.

For example, a user could transition a clause from a “very favorable” to a “favorable” setting for a specific client.

Current User Base and Target Market

Approximately 30 companies are presently utilizing Leeway for their contract management needs. Notable clients include Voodoo, Evaneos, Ifop, and Fitness Park.

According to co-founder and CEO Antoine Fabre, Leeway’s primary customer base consists of companies with 100 to 500 employees and dedicated legal departments.

While Leeway is well-suited for this segment, the platform is scalable and can benefit organizations of varying sizes.

Companies with fewer than 100 employees may not have a dedicated legal department, with legal responsibilities often falling to sales or finance teams.

However, Leeway possesses significant potential for expansion and growth within the broader market.