GoCircl is a web application which automates the circle-up process for lawyers in capital market transactions. Usually, financial figures are analysed and circled by hand, with multiple potential revisions in negotiated documents. GoCircl automatically identifies and circles these figures, saving hours of billable time in an error-prone workflow.
The founder initially approached us with a proof of concept application which used ChatGPT for performing annotations. During our work together, Persephia:
- Extracted the core annotations library from the application, improving it and providing tests.
- Benchmarked the use of ChatGPT vs non-LLM approaches for the annotations flow, with respect to processing time and cost. We decided that non-LLM approaches were faster, cheaper, and more secure for this purpose.
- Built this analysis pipeline with bespoke logic for parsing and annotating tables in PDFs.
- Created and deployed a separate web application for the frontend, with stripe integrations.
As a result, not only did we create a secure platform for GoCircl, but ended up improving the efficiency of the annotations flow by a factor of 300. Now, multi-hundred page legal documents can take under a minute to annotate and revert.