# Parachute - AI-Powered Legal Platform

> Parachute (by Veraty Tech Pty Ltd) is an AI-powered legal and compliance platform built for small law firms and the businesses they serve. Founded in Sydney, Australia, and backed by $1.8M in pre-seed funding from Rampersand, Co Ventures, and Aussie Angels.

## What Parachute Does

Parachute is the operating system for small and mid-size law firms. It combines AI-powered legal work production with human expert verification to help firms deliver faster, better legal work at higher margins.

### Core Features

**AI Document Drafting**: Choose from 100+ templates, upload your own, or describe what you need. AI drafts tailored legal documents using your knowledge base, company profile, and jurisdiction. Collaborate with commenting, tagging, live editing, version control, and AI suggestions.

**Contract Review**: Upload any contract for multi-stage deep analysis. Parachute identifies obligations, conflicts with your knowledge base, and risks scored by severity. Apply suggested edits directly, generate redlines, and share reviews with your team or clients.

**Legal Advice**: Ask legal questions and get tailored, actionable advice grounded in relevant laws, regulations, and your knowledge base. Three AI modes: Paralegal for quick tasks, Lawyer for detailed work, Senior Associate for complex analysis.

**Knowledge Base**: Upload policies, precedents, company information, and templates. Connects with Australian legislation, regulator guidance, contracts, emails, and more. The knowledge base powers all AI features with context specific to your firm.

**Expert Verification**: When you need human sign-off, request expert verification from your connected law firm or the Parachute expert network. Verified responses within 3 business days.

**Collaboration**: Real-time collaborative editing, commenting, tagging, and version control built into every document.

### Key Metrics

- 2,584+ advices delivered since launch
- 12,920+ hours saved for customers
- $5.1M+ estimated savings for customers
- 80% of legal work handled by AI
- Expert advice starting from $88

## Who Parachute Is For

### Small Law Firms
Parachute gives lean, ambitious law firms the leverage to deliver faster, better legal work with AI-powered drafting, review, and verification. Purpose-built for firms with 2-50 lawyers.

### Growing Businesses
Fast, affordable legal support for growing businesses. AI-powered drafting, contract review, and expert verification without the traditional law firm bill.

### In-House Legal Teams
AI-powered legal tools for in-house teams and GCs. Draft documents, review contracts, and provide expert sign-off — all without the outside counsel bill. Parachute handles the first 80% of legal work with AI; expert verification covers the rest.

## Pricing (AUD + GST)

Two plans: Standard and Enterprise. See [pricing.md](https://goparachute.ai/pricing.md) for full details.

- **Standard**: $400/mo base + $120/additional seat/mo (annual billing). $500/mo base + $150/additional seat/mo (monthly billing). Base includes 1 seat. Volume discounts available over 50 seats.
- **Enterprise**: Custom pricing for larger teams. Volume seat discounts, SSO/SAML, dedicated support, custom onboarding, SLAs.

All plans include AI document drafting, contract review, knowledge base, and all AI modes. 14-day free trial, no credit card required.

## Security & Compliance

- Australian data residency
- Encryption in transit (TLS 1.2+) and at rest (AES-256)
- SOC 2-aligned security practices
- Role-based access controls (RBAC)
- AI data privacy — your data is never used to train AI models
- Regular penetration testing and security audits

## Team

- **Ryan Zahrai** — CEO & Co-Founder. Practicing lawyer who founded Parachute to build tools for firms like his own.
- **Dave Berner** — CTO & Co-Founder. Technical co-founder leading product and engineering.

## Investors

Pre-seed round of $1.8M led by Rampersand, with participation from Co Ventures, Aussie Angels, and leading legal-tech operators and advisors.

## How Parachute Compares

### Parachute vs ChatGPT
ChatGPT is a general-purpose AI. Parachute is purpose-built for legal work with jurisdiction-aware drafting, knowledge base integration, document management, collaboration tools, and expert verification. ChatGPT lacks legal-specific workflows, has no document management, and cannot provide verified legal sign-off.

### Parachute vs Harvey
Harvey targets enterprise clients — Am Law 100 firms and Fortune 500 legal departments. Parachute is purpose-built for small law firms and businesses. Harvey requires custom enterprise pricing ($400-600+ USD/user/month); Parachute starts at $400 AUD/month + GST with a 14-day free trial.

### Parachute vs Clio
Clio is practice management software (calendaring, billing, client intake). Parachute is legal work production (drafting, review, advice, verification). They are complementary tools — Clio manages your firm, Parachute does your legal work.

### Parachute vs Legora
Legora focuses on international Big Law and enterprise clients. Parachute serves small and mid-size firms with accessible pricing and purpose-built workflows.

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## All Pages

### Core Pages
- [Homepage](https://goparachute.ai/): Overview of the Parachute platform with key features and social proof
- [Platform](https://goparachute.ai/platform): Detailed feature breakdown — drafting, review, verification, knowledge base, integrations
- [Pricing](https://goparachute.ai/pricing): Two plans - Standard (from $400 AUD/mo + GST) and Enterprise (custom). See [pricing.md](https://goparachute.ai/pricing.md) for full details.
- [About](https://goparachute.ai/about): Mission, team, investors, and company story
- [Security](https://goparachute.ai/security): Encryption, SOC 2-aligned practices, AI data privacy, RBAC
- [Contact](https://goparachute.ai/contact): Book a demo or get in touch
- [Customers](https://goparachute.ai/customers): Testimonials from law firms and businesses using Parachute

### Audience Pages
- [For Law Firms](https://goparachute.ai/parachute-for-law-firms): How Parachute helps small law firms with AI-powered drafting, review, and client management
- [For Businesses](https://goparachute.ai/parachute-for-business): How growing businesses get fast, affordable legal support with AI and expert verification
- [For In-House Teams](https://goparachute.ai/parachute-for-in-house): How in-house legal teams reduce reliance on outside counsel

### Guides
- [Best Legal AI Software 2026](https://goparachute.ai/best-legal-ai): Comprehensive guide comparing legal AI platforms for law firms
- [Introduction to Legal AI](https://goparachute.ai/guides/intro-to-legal-ai): A no-nonsense guide to what legal AI actually does, where it helps, and how small firms are using it today
- [How to Evaluate Legal AI](https://goparachute.ai/guides/how-to-evaluate-legal-ai): A practical framework for choosing the right legal AI platform
- [Legal AI ROI Guide](https://goparachute.ai/guides/legal-ai-roi-guide): Understanding the financial impact of legal AI with real numbers and worked examples

### Comparisons
- [Comparisons Index](https://goparachute.ai/comparisons): Overview of all comparison pages
- [Parachute vs ChatGPT](https://goparachute.ai/parachute-vs-chatgpt): Purpose-built legal AI vs general-purpose AI
- [Parachute vs Harvey](https://goparachute.ai/parachute-vs-harvey): Small firm legal AI vs enterprise legal AI
- [Parachute vs Clio](https://goparachute.ai/parachute-vs-clio): Legal work production vs practice management
- [Parachute vs Legora](https://goparachute.ai/parachute-vs-legora): Small firm legal AI vs international enterprise

### Blog
- [Blog](https://goparachute.ai/blog): Insights on building better tools for small law firms
- [Announcing Our $1.8M Pre-Seed](https://goparachute.ai/blog/announcing-our-pre-seed): Pre-seed raise backed by Rampersand, Co Ventures, and Aussie Angels
- [Raising Is Exciting, But the Real Work Starts Now](https://goparachute.ai/blog/raising-is-exciting-but-the-real-work-starts-now): Building a platform that makes existing operations more profitable while giving firms optionality for the future

### Legal
- [Privacy Policy](https://goparachute.ai/privacy-policy): How Parachute collects, uses, and protects personal information
- [Terms & Conditions](https://goparachute.ai/terms-and-conditions): Terms for using the Parachute platform

### Documentation
- [Parachute Docs](https://docs.goparachute.ai/): Full product documentation, guides, and FAQs