Pittsburgh, PA – August 26, 2025 – LegalSifter, a leader in AI-powered contract operations, has been rated by MGI 360’s 2025 Contract Lifecycle Management (CLM) Top 35 Buyer’s Guide among the best five CLM vendors in the mid-market and top fifteen overall. The report ranks thirty-five elite vendors in a field of more than 100.
“We are very pleased to see LegalSifter included among the top fifteen providers in this very crowded and competitive CLM market. Our position reflects the positive impact of our strategic acquisition of Contract Logix and our innovation in AI contract data extraction and AI contract redlining,” stated CEO Eric Hall. “The MGI report affirms our instincts and momentum shaking up the contract operations market with smarter, more scalable AI,” he continued.
The MGI report highlights both opportunity and risk in the CLM space, noting “the pressure to leverage Gen AI technologies in CLM will prove to be a seminal point in CLM market evolution.” However, it also cautions that “Gen AI has the potential to amplify data errors and generate misguided conclusions…” and that “Many implementations today are complex, costly, and fail to reach their business objectives. Forty percent of organizations end up replacing their first CLM solution within 36 months of purchase.”
Bridging the Gap with Contract Operations as a Service (COaaS)
LegalSifter directly addresses these implementation failures through its Contract Operations as a Service (COaaS) offering—a comprehensive support model that combines technology, playbook-driven workflows, AI-powered contract review, and dedicated experts. COaaS accelerates time to value, reduces administrative burden, and ensures adoption by handling the contract work that overwhelms lean legal, procurement, and operations teams.
“Most organizations don’t fail at CLM because they bought the wrong software. They fail because they don’t have the resources, expertise, or bandwidth to operate it effectively,” explained Hall. “That’s where LegalSifter stands apart. With COaaS, we act as an extension of your team, giving companies the business results they expect from their CLM.”
LegalSifter’s COaaS model supports contract meta-data extraction, workflow development, template optimization, and end-user training, helping clients avoid the expensive stalls and restarts that MGI flags in its report.
“We’re confident that LegalSifter will climb even higher in future MGI reports as our contract operations platform continues to outperform the CLM status quo.”
Methodology
MGI 360 is a comprehensive company evaluation and rating methodology that scores companies on a scale of 1 to 100 (100=Best) in a specific market. Additionally, analysts assign one of the following outlooks for each company. For a complete explanation of the methodology, please visit https://mgiresearch.com/methodology/.
● Positive – we expect company prospects to improve
● Negative – we expect company prospects to decline
● Neutral – we expect company prospects to remain unchanged
● Under Review – no opinion is formed as of yet
About MGI Research
MGI Research is an independent research and strategic advisory firm serving business, finance, and IT executives as well as technology leaders and institutional investors. MGI helps clients make difficult technology and business strategy decisions that withstand the test of time against a rapidly changing business and technology landscape.
About the MGI 360 Contract Lifecycle Management Top 35 Buyer’s Guide
The Buyer’s Guide to the Contract Lifecycle Management market is an essential resource for buyers, CLM vendors, and institutional investors. It provides a comprehensive analysis of the dynamics shaping the CLM market, including realistic assessment of how companies are using AI today, and the likelihood of an industry consolidation.
About LegalSifter, Inc.
LegalSifter combines contract-specific AI with extensive contract expertise and managed services to simplify and streamline the way clients review, organize, and manage contracts. By delivering faster reviews, clean and structured metadata, and fully managed contract operations, LegalSifter helps businesses improve efficiency, reduce costs, and achieve better outcomes every time. Headquartered in Pittsburgh, Pennsylvania, LegalSifter has been serving clients and partners globally since 2013. For more information, visit www.legalsifter.com.
