Factor
Factor is a privately held Alternative Legal Services Provider combining practiced lawyers with proprietary GenAI accelerators (Mosaic, Negotiator) and embedded AI tools to deliver high-volume contract review, AI enablement, and training for in-house corporate legal departments and law firms globally.
- Company typePrivate
- Founded2015
- HeadquartersNew York, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Factor does
Factor (legal entity Factor Law Inc.) is a privately held, U.S.-headquartered Alternative Legal Services Provider founded in 2015 and backed by Carrick Capital Partners. It employs 350+ lawyers, contract experts, technologists, and process consultants and operates from New York, Belfast, Wrocław, and a distributed team across five continents (including Bangalore, Cartagena, Zurich, and Rome). The company targets in-house corporate legal departments and law firms with high-volume contracting work and GenAI enablement needs.
Its core service is an "Integrated Law" delivery model that embeds practiced lawyers alongside proprietary GenAI tooling. Product lines include AI-Integrated Contracting (managed high-volume contract review for M&A, compliance, and ongoing work), SenseDesk (embedded AI support within existing legal workflows), and specialized verticals for clinical trial agreements, commercial contracts, asset management, capital markets, and regulatory repapering. Underlying technology comprises two named AI accelerators — Mosaic, a reasoning engine reporting 90–97% accuracy with precedent-grounded rationales and hallucination-mitigation orchestration, and Negotiator, a Microsoft Word-integrated contract review tool with citation-backed redlines and confidence ratings.
Revenue derives from three streams: managed contracting services, AI enablement and consulting (including the award-winning Sensemaker Academy training program and The Sense Collective GC community), and subscription/recurring SenseDesk and AI tool deployments. Pricing is enterprise-custom and quote-based under multi-year contracts; revenue is not publicly disclosed. The company holds GDPR, CCPA/CPRA, and EU-US Data Privacy Framework compliance, and reports marquee customers including BT, CrowdStrike, Ferring Pharmaceuticals, Microsoft, Intel, Adobe, Ford, Anglo American, DXC, Workday, Nasdaq, and Atlassian, with stated metrics of 1M+ contracts handled and 100s of engagements.
Factor firmographics
Firmographics- Name
- Factor
- Legal name
- Factor Law Inc.
- Website
- https://factor.law
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Factor is a privately held Alternative Legal Services Provider combining practiced lawyers with proprietary GenAI accelerators (Mosaic, Negotiator) and embedded AI tools to deliver high-volume contract review, AI enablement, and training for in-house corporate legal departments and law firms globally.
- Ownership category
- akta.pro rank
Factor industry classification
Industry- Product category
- Alternative Legal Services
- NAICS
- Legal Services (5411)
- SIC
- Services-Legal Services (8111)
- akta.pro primary industry
- Responsible AI, AI Governance & Compliance Services (BPAEAHAJ)
- akta.pro secondary industry
- Human Oversight, Review & Content Moderation Tooling (HDAAAMAH)
Keywords
Where Factor is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Factor business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Managed Contracting / AI-Enabled Contracting: Executing legal work within Factor's areas of specialization including high-volume contract review, clinical trial agreements, commercial contracts, asset management, and capital markets. Operates in integrated fashion with in-house teams.
- AI Enablement Services: Advancing AI strategy and organizational readiness, enabling in-house legal teams to harness AI through Sensemaker Academy training, consulting, and Applied Innovation programs.
- SenseDesk / AI Tools: FactorAI tools providing embedded AI support within existing workflows for one-time analysis or ongoing projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise custom pricing |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels7 records
Factor product offering
Product offeringCore offering
Factor delivers AI-integrated managed legal services by combining 350+ lawyers, contract experts, technologists, and process consultants with proprietary GenAI accelerators (Mosaic, Negotiator, SenseDesk) to execute high-volume contract review, embed AI into client workflows, and train in-house legal teams on AI adoption. The company specializes in clinical trial agreements, commercial contracts, asset management, capital markets, and repapering/regulatory response work, complemented by the Sensemaker Academy training program and The Sense Collective peer community for ongoing legal AI enablement.
Product overview
Factor is an alternative legal services provider offering an Integrated Law model that combines practiced lawyers with GenAI technology to deliver complex legal work at scale. The portfolio includes two core service lines: AI-Integrated Contracting (high-volume contract review combining lawyers with AI accelerators) and SenseDesk (embedded AI support within existing workflows), plus specialized service verticals for Clinical Trial Agreements, Commercial Contracts, Asset Management, Capital Markets, and Repapering & Regulatory Response. The AI Enablement suite encompasses Sensemaker Academy (award-winning AI training with five workshops and AI coaching), The Sense Collective (peer collaboration community with Applied Innovation co-development sprints), and AI accelerators Mosaic (reasoning engine with 90-97% accuracy) and Negotiator (contract review automation integrated into Microsoft Word). Factor also offers Legal Operations Consulting and operates Factor Connect as a technology partnership program.
Differentiator
Problem solved
Functional benefit
Brands
- SenseDesk: AI-powered contract management tool providing embedded AI support within existing workflows
- Sensemaker Academy
- The Sense Collective
- Mosaic
- Negotiator
- Integrated Law
- FactorAI
Products and services
- AI-Integrated Contracting High-volume contract review and analysis service that combines practiced lawyers with GenAI technology to deliver contract outcomes faster and at lower cost without messy data readiness and cleanup cycles. Covers M&A transactions, crisis events, compliance reviews, and ongoing contracting projects for enterprise in-house legal teams.
- SenseDesk Embedded AI support solution providing AI assistance within existing legal workflows without long deployments. Offers faster, lower-overhead contracting with AI integrated directly into user workflows for high-volume contract review in M&A, crisis events, compliance, and ongoing projects.
- Clinical Trial Agreements Specialized contracting service for clinical trial agreements, helping life sciences companies accelerate site start-up and manage contract-related risks in research environments. Targeted at pharmaceutical, biotech, and healthcare enterprises.
- Commercial Contracts Contract management and review services for commercial agreements, enabling business users to manage contracts independently while maintaining necessary legal oversight. Used for high-volume procurement and sales contracting.
- Asset Management Contract and legal support services tailored for asset management firms, addressing the specialized contracting needs of the financial services sector.
- Capital Markets Legal services for capital markets transactions, including derivatives compliance and regulatory response, delivered through partnerships like CAN Comply with Mayer Brown and Acadia.
- Repapering & Reg Response Contract repapering and regulatory response services to help organizations adapt quickly to changing regulatory requirements.
- AI Enablement Organizational AI strategy and readiness services advancing AI capability building, enabling in-house legal teams to harness AI for an evolving legal remit. Includes Sensemaker Academy and Sense Collective programs.
- Mosaic Versatile AI reasoning engine delivering expert legal analysis with 90-97% accuracy. Provides rationales and past precedent references for decision-making, streamlines complex legal tasks through advanced document processing with sophisticated orchestration to minimize hallucinations.
- Negotiator Contract review automation tool that intelligently compares agreements against in-house guidelines and playbooks, providing smart redline recommendations with color-coded confidence ratings and seamless Microsoft Word integration. Validates all suggestions with source citations.
- Sensemaker Academy Award-winning AI training program for legal professionals with five-workshop virtual instructor-led structure, interactive sandbox, and AI coaching that provides real-time individualized feedback. Builds practical AI capability through hands-on legal scenarios and the RACER prompting framework.
- Sense Collective Peer-to-peer GenAI collaboration community where legal innovators share learnings, participate in co-development sprints, and accelerate AI initiatives together. Founding members include GCs from Microsoft, Intel, Adobe, Ford, and CrowdStrike.
- Legal Operations Consulting Advisory services for legal operations modernization, helping in-house teams redesign workflows, implement AI strategies, and measure ROI from technology investments.
Quantifiable outcome
- 27% reduction in contract turnaround time
- +4 more outcomes
Companies that use Factor
Customer profileNamed customers15 records
Segments4 records
Ideal customer profiles4 records
Factor technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability5 records
Feature5 records
Factor partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core, partner and major.
- Theory and PrinciplecoreAcquired legal tech design and development agency to accelerate AI capabilities and scale generative AI applications in legal work.
- MicrosoftcoreFounding member of The Sense Collective collaboration community aimed at accelerating GenAI adoption in corporate legal realm. Microsoft GC participates in peer learning and co-development sprints.
- IntelcoreFounding member of The Sense Collective. Intel CLO participated in panel discussions on AI capability building and training.
- AdobecoreFounding member of The Sense Collective community for GenAI adoption in legal.
- FordcoreFounding member of The Sense Collective. Ford Legal Ops+ managing director participated in webinar discussions.
- CrowdStrikecoreFounding member of The Sense Collective. VP of Legal at CrowdStrike participated in co-development sprints and community discussions.
- Anglo AmericancoreFounding member of The Sense Collective for GenAI adoption.
- DXCcoreFounding member of The Sense Collective.
- LegalSifterpartnerAdded LegalSifter Review Tool to Integrated Contracting Platform. Strategic investment from Factor and Carrick Capital Partners.
- Global Counsel LeaderspartnerExclusive partnership with Global Counsel Leaders forum for in-house legal executives to thrive and address complex business issues.
- BTcoreMulti-year expanded partnership for commercial contracting across procurement and sales. Factor provides multi-lingual lawyers, technology for efficiency, and created a nine-person virtual bench team.
- Mayer BrownmajorJoint launch of CAN Comply - flat fee service for EMIR derivatives compliance review and certification with Acadia.
- AcadiamajorJoint launch of CAN Comply with Mayer Brown and Factor for EMIR derivatives compliance.
- AgiloftpartnerFirst cohort of Factor Connect partnership program for CLM integration.
- Kira SystemspartnerFirst cohort of Factor Connect partnership program for contract analysis integration.
- BlackBoilerpartnerFirst cohort of Factor Connect partnership program for doc review integration.
- Priori LegalpartnerLegal tech and legal services network partnership for marketplace connections.
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
Factor competitors and assessment
Company assessmentDirect peers
- Elevate: Elevate is an ALSP providing flexible legal services, technology-enabled contracting, and legal consulting to corporate legal departments. It overlaps directly with Factor's AI-Integrated Contracting and managed contracting service lines, including similar offerings in CLM transformation and outsourced contract review.
- Consilio: Consilio is an integrated eDiscovery, legal consulting, and managed services firm serving corporate legal departments and law firms. It overlaps with Factor in complex legal project work, contract lifecycle management, and AI-enabled review, serving a similar enterprise legal buyer.
- Epiq: Epiq is a global legal services company offering managed services, eDiscovery, document review, and legal consulting to corporate clients and law firms. It competes with Factor in high-volume contract review and legal operations transformation work, though with broader document-review focus and less AI-specific tooling.
- Integreon: Integreon provides legal, document, and business process outsourcing with technology-enabled workflows to corporate legal teams and law firms. Its contract management and compliance services directly overlap with Factor's managed contracting offerings in M&A, compliance reviews, and ongoing contract work.
- QuisLex: QuisLex is a tech-enabled alternative legal services provider specializing in contract review, document review, and compliance services. It is a close comparable to Factor's managed contracting work, particularly for M&A transactions and regulatory review, with similarly technology-augmented staffing models.
- Axiom: Axiom is a leading Alternative Legal Services Provider offering on-demand lawyers and integrated technology solutions to enterprise in-house legal teams. Like Factor, Axiom delivers managed legal services at scale with technology enablement and targets the same buyer (GMs of legal operations at Fortune 1000 companies).
Emerging players
- Harvey: Harvey is an emerging legal AI assistant built on frontier LLMs that helps lawyers with research, drafting, and analysis. While not a managed services firm, it represents the pure-play AI tool alternative that corporate legal teams may adopt alongside or instead of Factor's integrated model.
- Ironclad: Ironclad is a contract lifecycle management platform used by enterprise legal teams to author, negotiate, and analyze contracts digitally. It competes with Factor's SenseDesk and AI-Integrated Contracting from a software-only angle, particularly for in-house teams that prefer platform-led workflows over outsourced legal services.
Broad incumbents
- LexisNexis Legal & Professional: LexisNexis is a large legal information and analytics provider that has expanded into AI-powered legal tools, contract review, and predictive analytics through Lexis+ AI and Protégé. It operates more broadly than Factor but increasingly competes in AI-augmented contract analysis and legal workflow tools for enterprise customers.
- Wolters Kluwer Legal & Regulatory: Wolters Kluwer is a large incumbent provider of legal information, compliance, and legal technology solutions through brands like ELM Solutions (CLM), Kluwer, and One SumX. Its legal software and compliance portfolio competes broadly with Factor's enterprise legal tooling across CLM, compliance, and contract analytics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Factor social profiles
Digital presenceFactor compliance and trust
Trust signalCompliance3 records
Factor financial estimates
Financial estimateRevenue estimate
Valuation estimate
Factor leadership team
Management profileNumber of profiles
Profiles15 records
Factor subsidiaries and ownership
Company hierarchySubsidiaries1 record
Factor funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Factor M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Factor
What does Factor do?
Factor delivers AI-integrated managed legal services by combining 350+ lawyers, contract experts, technologists, and process consultants with proprietary GenAI accelerators (Mosaic, Negotiator, SenseDesk) to execute high-volume contract review, embed AI into client workflows, and train in-house legal teams on AI adoption. The company specializes in clinical trial agreements, commercial contracts, asset management, capital markets, and repapering/regulatory response work, complemented by the Sensemaker Academy training program and The Sense Collective peer community for ongoing legal AI enablement.
Is Factor a public or private company?
Factor is a private company. It is classified as private equity controlled and is currently operating.
When was Factor founded?
Factor was founded in 2015. It employs 501 to 1,000 people.
Where is Factor based?
Factor is headquartered in New York, United States, in the North America region.
How does Factor make money?
Three revenue lines are on record. Managed Contracting / AI-Enabled Contracting is the primary driver. The others are AI Enablement Services and senseDesk / AI Tools.
Who are Factor's main competitors?
Direct peers on record are Elevate, Consilio, Epiq, Integreon, QuisLex and Axiom. Emerging players are Harvey and Ironclad. Broad incumbents are LexisNexis Legal & Professional and Wolters Kluwer Legal & Regulatory.
Does Factor have an API?
No public API is recorded for Factor.
What industry is Factor in?
Factor's product category is Alternative Legal Services. Its primary akta.pro industry code is BPAEAHAJ, Responsible AI, AI Governance & Compliance Services, with a secondary code of HDAAAMAH, Human Oversight, Review & Content Moderation Tooling. Its NAICS code is 5411 and its SIC code is 8111.