Contracts are the driving force behind every business process. Whether they’re related to transactions, purchases, data or rent, a huge 60-80% of all business-to-business transactions are governed by drafting written agreements.
If you’re trying to write these contracts manually — and without the help of automation — you’re missing out on efficiency gains. Our research, based on the findings from a major telecoms company, found that manually drafting 100 NDAs takes up to 50 hours, with a potential cost of 1,250€. Automating that same process cut the time to just 50 minutes and the price to 20€ for the same workload.
Investing in the best legal drafting software is a must for businesses in the 21st century. The sooner you can start standardizing, automating and generating your legal documents, the faster you’ll start saving time, increasing revenue and creating new opportunities.
The 20 best legal drafting software options — a rundown
Avokaado’s contract lifecycle management software lets businesses manage contracts and related workflows in one place to transform operational efficiencies and eliminate risk. A strong part of Avokaado’s CLM is its contract creation tool that enables automated document generation based on pre-approved and customizable templates.
Pricing
Starting from the $0 Freemium plan, going up to a Premium (€60/month/user) and Custom plan (quote specific) for large teams and API users.
Why choose Avokaado?
Avokaado’s global pre-lawyered template ecosystem makes it the ideal legal document generation software as your templates are always up-to-date and of the highest quality. Plus, the clause-based contract builder lets you create documents with ease by simply dragging different clauses together. Colleagues can also collaborate and execute all forms of legal document management on one central platform.
Drafting documents is quick and easy because it’s based on a Q&A that users can automate in advance. Plus with its cloud functionality, you can access documents anytime, anywhere.
On a small laptop screen, the text box on the left-hand side can be hard to read. The majority of customers, however, couldn’t find anything they disliked.
Agiloft provides agile contract lifecycle management software with automated contract drafting functionality based on pre-built and custom modules.
Pricing
Four pricing plans starting at $65 per user/month.
Why choose Agiloft?
Agiloft’s contract generation software features an in-built clause library which lets users easily create contracts using different clauses as building blocks.
This legal contract drafting software helps you build documents with confidence with precedent language from 850+ attorney authors and trusted legal proofreading tools.
Pricing
No pre-defined pricing packages are available. You’ll need to contact a sales representative for a quote.
Why choose Lexis® for Microsoft® Office?
The platform’s advanced legal analytics, AI and visualization technology enhance your search and give you valuable insights. With Smart Forms, you can build documents based on answers you supply in an interactive questionnaire.
Lexis® for Microsoft® Office increases productivity in the research and writing of documents because it lets you integrate your legal research needs right into draft documents.
ClauseBase treats clauses as building blocks that can be easily stacked together, exchanged, moved around, configured and deleted with the click of a button so that you can draft contracts quickly.
Pricing
Prices start at €300/month (for the Solo account) and go up to €1500/month for the Office plan.
Why choose ClauseBase?
This contract creation tool lets you build a new document or adapt any existing template with complete freedom using intelligent clauses.
CobbleStone Contract Insight Contract Management Software is an enterprise contract lifecycle management system backed by AI that automates and streamlines the contract drafting and the further lifecycle.
Pricing
Starts at $59.00/user/month and features a 30–day free trial.
Why choose CobbleStone?
Quickly create accurate, timely, and compliant documents, letters, and contracts that merge your approved clauses. Existing document templates can be leveraged by Contract Insight™ for automated contract drafting.
The online document generation software is easy to use and intuitive thanks to its user-friendly layout. Drafting doesn’t require substantial training, which makes it easy to implement across the firm.
DealHub makes it easy for sales reps and channel partners to generate personalized documents based on pre-built templates, dynamic content and CRM integrated data.
Pricing
DealHub offers ‘DealRoom’, ‘DealHub CPQ’. and ‘Revenue Platform’ plans, but you’ll need to contact their sales department for a specific quote.
Why choose DealHub?
The DealRoom sales proposal software technology enables sales teams to quickly compile and generate customized business proposals.
Ironclad’s contract management software tackles the complexity of clause-level collaboration and lets companies deploy contracts at speed.
Pricing
Prices start at $500 per month with a free trial available, but you’ll need to contact Ironclad for a quote.
Why choose Ironclad?
The Workflow Designer is a self-serve contract creation tool that works right out of the box, without long implementation times or the need for technical expertise.
With Nintex Forms, you can create dynamic online smart legal forms to capture and submit accurate and current data from wherever you are.
Pricing
The Nintex Workflow package starts at $910/month with unlimited users for 10 workflows.
Why choose Nintex?
The user-friendly design canvas, drag-and-drop controls, and advanced business logic make it easy to customize your legal forms for every business need.
With Concord, you have several thousand contracts at your fingertips, all easily accessible with a few clicks, which makes drafting more efficient and more productive.
The CLM is built on Onit’s robust Apptitude platform, an innovative workflow process automation engine that makes it easy to create, modify, and deploy new solutions.
You can generate agreements based on customized templates at speed using the Document Automation Wizard. This frees up valuable time to dedicate to more complex agreements.
HotDocs is a document automation solution that enables users to convert frequently used documents and forms into ready-to-use templates to automate customer documentation.
Pricing
HotDocs pricing starts at $25.00 per feature, per month, with a free trial available.
Why choose Hotdocs?
Convert any document into a dynamic template that users can enter data into using the intelligent HotDocs interview process. Then the HotDocs document assembly creates a finished, perfectly formatted document in seconds.
An extremely flexible legal contract drafting software that lets you address all areas of legal practice in the same program, whether it’s estate planning documents or business transaction documents.
Contractbook is an end-to-end contract management platform for managing contracts throughout the entire lifecycle in a single streamlined flow.
Pricing
A free version is available for 1 user, and the next level up is the Core package which starts at $160/month for 3 users.
Why choose Contractbook?
The Contractbook template library lets you create contracts directly in its machine-friendly format across a range of formats and for different business functions.
There are contract templates available for all business scenarios which can also be edited for one-off cases. This makes drafting easy and ensures the same standard for every contract sent out.
Draftable is another enterprise-grade document comparison software. Its side-by-side view will let you track changes and single page view will allow you to see all changes in a redline view (loved by lawyers). Plus, you can easily export comparisons to PDF format and get a seamless experience using it.
Pricing
For Draftable desktop windows (full version), pricing is $129 per year. You can try it for free with a fully-featured 5-day trial.
Why choose Draftable?
This tool allows you to compare documents effortlessly, so you can focus on other important things. Plus, its products are designed with data security and privacy at front of mind. So, you can experience the best state-of the-art technology and great user interface.
This contract lifecycle management software lets you create preconfigured templates that auto-populate contracts with data from other systems and approved language.
Pricing
No standard pricing plans, so you’ll need to contact Sales for a quote.
Why choose DocuSign CLM?
Seamless integration with DocuSign eSignature, and as part of the DocuSign Agreement Cloud, CLM enables you to fast-track your contracts and increase efficiencies at scale.
Lack of ability to customize design, fonts and colors in client-facing documents.
The bottom line on legal drafting software — automation is key
If you deal with contracts daily (and let’s face it, what businesses don’t?) then you need the best legal drafting software to stay competitive.
As we’ve seen in this rundown of leading contract generation software, automation lets you eliminate manual, slow and resource-heavy tasks. This not only helps you avoid risks (lost contracts, mistakes and reputational damage), but it opens up new windows of revenue opportunity to help your business grow.
Don’t get left behind the curve — automate your legal drafting today and see the results for yourself!
Avokaado is your go-to tool if you want to draft error-free contracts at speed. Our customizable templates and clause library let you automate the contract drafting process so that you can save time, money and resources!
The Intelligent Way to Manage Documents for Every Team
Discover how people, revenue, and legal operations benefit from Avokaado's Operational Intelligence
Manage all your legal operations with a single, secure, and highly customizable Operational Intelligence Platform (OIP). For in-house legal teams, the Avokaado Platform offers an advanced Contract Lifecycle Management solution, providing an excellent toolkit to automate most daily tasks, including drafting, reviewing, negotiating, and executing agreements.
Speed up deal closures with a fully automated contracting and negotiation process. Generate quotes and proposals. Negotiate and sign. Store and analyze. Everything is handled in a single, secure, CRM-integrated Avokaado Operational Intelligence Platform accessible in your browser.
Streamline your procurement process with the Avokaado Platform for all procurement operations. Whether you are a procurement professional, purchasing agent, or vendor manager, the Avokaado Operational Intelligence Platform (OIP) will help you manage the procurement flow, from sourcing and contract negotiation to contract execution and monitoring.
Automate up to 90% of manual work when preparing, negotiating, and executing HR-related documents. Create and manage proposals, employee data forms, employment agreements, amendments, terminations, and even mass amendments. All in one private, secure, and GDPR-compliant workspace powered by Avokaado OIP.
Avokaado combines documents, data, and automated workflows under one streamlined Operational Intelligence Platform to drive revenue growth and achieve compliance on autopilot. Want to replace your manual processes and legacy systems with AI-driven, smart document flows?
