Question 1

Who is Lexcel built for?

Accepted Answer

Lexcel is purpose-built for two primary users: private equity professionals and law firms handling M&A transactions. For PE professionals, Lexcel increases speed and reduces risk across any transaction — buy-side or sell-side. Deal teams surface findings earlier, move with more confidence, and spend less time on mechanical review. For law firms, it eliminates the contract review work that consumes associate time, allowing attorneys to focus on judgment and client advice. The platform is enterprise and invitation-only.

Question 2

How does Lexcel differ from general-purpose AI tools?

Accepted Answer

General-purpose legal AI tools are built for breadth — they assist with many tasks across many practice areas, but fragment context across disconnected tools and lack the depth that M&A diligence demands. Lexcel is a vertical specialist. Every feature was designed by M&A attorneys around how diligence actually gets done. The agent maintains unified context across your entire data room. Lexcel can find what's missing from a data room, identify risks across hundreds of agreements, draft diligence requests, draft responses to diligence requests, and generate full diligence reports — all from a single platform with complete deal context.

Question 3

What does the benchmark study show?

Accepted Answer

Lexcel ran the same M&A transaction through Lexcel and a four-attorney BigLaw team to compare outputs directly. Lexcel: 1 attorney, 1.6 hours. The BigLaw team: 4 attorneys, 100+ hours. Lexcel's unreviewed first draft identified more material findings than the polished BigLaw final product — at a fraction of a percent of the cost. A standard diligence engagement at BigLaw typically costs $50K to $150K+ in legal fees. Lexcel compresses that timeline and reduces that cost substantially, while improving coverage.

Question 4

Which data room providers does Lexcel integrate with?

Accepted Answer

Lexcel integrates with Google Drive, SharePoint, and Box, allowing teams to connect their existing VDR infrastructure without manual uploads. Additional VDR providers are actively being added.

Question 5

How does Lexcel pricing work?

Accepted Answer

Lexcel uses transaction-based pricing tied to deal size and complexity, with different tiers for mid-market and large-cap transactions. This aligns cost with value delivered. Contact the sales team for specific pricing based on your deal requirements and firm structure.

Question 6

Where are files stored?

Accepted Answer

All files uploaded to Lexcel are stored securely in AWS S3 buckets. Each organization has its own dedicated S3 bucket, ensuring complete data isolation. This segregated storage architecture ensures your organization's deal documents remain entirely separate from other organizations' data.

Question 7

Is Lexcel SOC 2 certified?

Accepted Answer

Yes. Lexcel is SOC 2 Type I certified, with SOC 2 Type II currently in progress. All data is encrypted in transit and at rest. Lexcel does not train on user data. Your deal documents are never used to improve underlying models.

Question 8

What AI models power Lexcel's diligence capabilities?

Accepted Answer

Lexcel primarily uses Claude models, with built-in support for interchangeable use of OpenAI models and others. The underlying models are paired with a specialized prompting architecture and purpose-built tooling developed specifically for M&A diligence — the model alone is not what produces the quality of output.

FAQs

Who is Lexcel built for?

How does Lexcel differ from general-purpose AI tools?

What does the benchmark study show?

Which data room providers does Lexcel integrate with?

How does Lexcel pricing work?