Does LinkSquares work for legal?
LinkSquares is a contract tool that reads, analyzes and extracts data from contracts, building custom reports to provide contract insights to legal teams. But does it add value before contracts are signed?
Founded in 2015, the software is promoted as a ‘contract lifecycle management platform’. However, many of the software’s most valuable features are available for post-signature contract management, with only basic features to benefit users pre-signature.
But is it still worth it?
This page explores the features, limitations and pricing of LinkSquares, comparing it to Juro's all-in-one contract automation platform.
In many ways, LinkSquares’ CLM software is not as sophisticated as many other contract automation and management tools on the market. In particular, it offers extremely basic functionality for the contract authoring, review and negotiation stages of the contract lifecycle.
Although users can use LinkSquares’ ‘Finalize’ tool to create contracts from templates using a Q&A flow, the functionality beyond this is limited. The software lacks a flexible rich-text editor that enables users to quickly and easily write, edit and amend contracts with the same flexibility that Juro users can. This is also true when it comes to contract negotiation.
Interestingly, even LinkSquares’ most renowned functionality has been subject to criticism, with user reviews noting that the AI data extraction can be inaccurate, which can create more manual work and risk.
Some LinkSquares users have found the ‘smart values’ feature used to pull data from contracts unreliable, meaning some legal and business teams lack confidence in the reports produced.
Key limitations of LinkSquares include:
- Challenging to set up and adopt: numerous LinkSquares reviews mention that the software can be cumbersome to set up and that the implementation period can be longer than advertised and discussed
- Limited functionality pre-signature: LinkSquares does not have a rich-text editor, making it challenging and restrictive when creating and negotiating contracts
- Inaccuracies with the AI: according to verified reviews, LinkSquares’ AI can often be inaccurate. This can introduce more contractual risk and jeopardise deals
- Lacks popular integrations: LinkSquares doesn’t integrate with many of the most popular business platforms, like Zapier, Greenhouse, Workday and Slack. This can make business-wide adoption in fast-growth tech companies that rely on these tools particularly challenging
In-house legal and business teams need a contract tool they can rely on to deliver accurate insights into contracts and create them at scale. LinkSquares is restricted in what it can offer users at the earlier stages of the contract lifecycle, and it relies heavily on additional tools to produce a comprehensive contract management experience.
Juro, by comparison, provides functionality required for end-to-end contract management. More than 6,000 companies power their contracts with Juro, benefitting from sophisticated features that enable them to create, edit, review, approve, sign and manage contracts at scale.
Let’s explore the various benefits of using Juro for your contracts, and how it can enable you to work from one unified workspace to create, negotiate, review, approve and sign contracts electronically.
✍️ Flexible rich-text contract editor
Unlike LinkSquares which only offers rigid contract creation features, Juro’s unique rich-text editor enables legal and business teams to create beautifully designed contracts in seconds.
Not only that, but Juro’s flexible editor means that legal and business teams can add custom branding to their contracts, as well as rich media like images, tables and even GIFs.
🌐 Collaborate on contracts in real-time
Juro’s rich-text editor also makes contract negotiation and collaboration seamless. In Juro, users can leave internal and external comments, set up approval workflows and control which edits are made visible to counterparties during negotiations.
Contracts were traditionally written and redlined in Word and emailed back and forth, creating friction and problems with version control. In Juro, contracts can be negotiated in-browser in real time, with a secure audit trail to help teams identify which edits were made and when.
Juro’s contract collaboration features remove the friction from contract collaboration, helping your legal and business teams get contracts over the line faster.
⭐ The top-rated solution for ease of setup
One of the biggest criticisms of LinkSquares is that it can be burdensome and time-consuming to adopt and set up.
Juro, on the other hand, is the top-rated solution for ease of setup, according to independent reviews from G2. As a legal team in a fast-growth business, you can’t afford to wait around for a solution that takes months or even years to adopt.
Juro helps customers get to value within a few weeks, meaning you can quickly and easily roll out our contract automation software across your entire business.
There is no information available online about LinkSquares’ pricing or plans. This means that you will have to request this information from their sales team, and pricing will likely vary based on the features you need and the size of your business.
This lack of transparency makes it challenging for scaling businesses to understand whether the solution is affordable for them or not.
Juro offers a range of flexible plans designed specifically for small businesses, startups, scaleups and larger companies. To find the perfect plan for your business, check out our pricing page.
Read independent LinkSquares reviews
LinkSquares is rated 4.3 out of 5 on Capterra, which is significantly lower than Juro’s score of 4.8 out of 5.
Of these reviews, most rated the software either 3 or 4 stars, making it one of the lowest-rated solutions on the market. LinkSquares’ contract analytics platform was also rated poorly for features and value for money, with ratings of 4.1 out of 5 for both.
Here are some LinkSquares reviews taken directly from independent sites:
“It is important to review contract content after a contract has been uploaded because the AI doesn't always extract details perfectly”
“The initial setup was a little bit more cumbersome than I would have liked”
“LinkSquares could use a UI redesign”
“Our implementation was a bit hairy and not completed within the 30 days promised. Also there are some enhancements that could be made to make the user experience a little smoother”
“Could serve a better purpose than just storage. Our business would benefit from more assistance in drafting or negotiating”
Read independent Juro reviews
Juro is rated considerably higher than LinkSquares on independent review sites, with ratings of 4.8 on Capterra and 4.8 on G2. Unlike LinkSquares, Juro also has no reviews rating our software below four stars.
Here are some verified reviews from our legal and business customers:
“Juro’s platform has significantly improved the efficiency of our legal function and has enabled our legal team to spend more time focusing on high-value work”
“It has really helped us streamline our processes and save time. We have to produce a lot of contracts and we have a small team so really helps us when time is so precious”
“Easy to learn, intuitive GUI, anyone can use it without training”
“The whole platform is great, from creating templates to tracking the lifecycle of a contract agreement until it is signed”