Draft shareholders agreements
Generate tailored shareholders agreements covering board composition, drag-along, tag-along, and pre-emption rights.
For corporate lawyers
Built for corporate lawyers
Draft shareholders agreements, share sale agreements, and due diligence reports with AI that understands the Corporations Act. Parachute handles the first 80% so your team can focus on the commercial judgment that matters.
What corporate law lawyers do with Parachute.
Prepare share sale agreements
Produce SPAs with warranties, indemnities, and completion mechanics that reflect the deal terms.
Summarise due diligence
Read data room documents and produce structured DD reports highlighting material risks and deal-breakers.
Draft board resolutions and circulars
Generate circulating resolutions, notices of meetings, and minutes that reference current Corporations Act provisions.
Prepare capital-raise term sheets
Draft convertible note, SAFE, and priced round term sheets tailored to your client's preferences.
Review employee share schemes
Generate ESS and ESOP documents, including startup concession-compliant plans.
“With Parachute, I turned 2.5 hours of work into 20 minutes. It did all the context collection, research and drafting.”
A complete legal workspace.
Everything you need to run a modern practice, in one calm space.
Organised by matter
Group threads, files, and conversations under a single matter. Keep work organised by client or project so nothing falls through the cracks.
Draft in minutes, not hours
AI generates context-aware legal documents using your knowledge base, precedents, and jurisdictions.
Three AI modes
Paralegal for quick tasks, Lawyer for detailed work, Senior Associate for complex analysis.
Multi-stage document review
Deep analysis identifies obligations, knowledge base conflicts, and risks. Fix issues before they reach clients.
Firm-specific knowledge base
Upload precedents, templates, and practice area guides. AI responses use your terminology and align with your standards.
Documents that look like yours
Export to Word with your firm's letterhead applied automatically. Track changes and comments come through intact.
Meeting notetaker
Parachute joins your Zoom, Teams, or Google Meet calls and delivers structured notes with summaries, decisions, and action items.
Word add-in and integrations
Connect NetDocuments, Smokeball, Clio, Microsoft Word, Slack, Google Drive, and more to keep your firm's tools in sync.
Deepen client relationships
Invite clients onto Parachute. They get discounted access to the platform, and you stay connected as their legal partner.
How it works.
01
Set up your firm
Create your firm, add your team, configure practice areas and jurisdictions. Build your knowledge base with precedents and templates.
02
Draft, review, and advise
Use AI to draft documents, review contracts, and answer legal questions. Choose Paralegal, Lawyer, or Senior Associate mode depending on the complexity.
03
Invite your clients
Bring clients onto Parachute with discounted access. Stay connected as their legal partner while they use the platform for everyday legal needs.
Frequently asked questions.
What jurisdictions does Parachute support?
Parachute is built for Australian jurisdictions. The platform uses jurisdiction-specific legislation, regulations, and guidance to produce accurate, locally relevant documents and advice.
What AI modes are available?
Parachute offers three AI modes: Paralegal for quick tasks and simple drafting, Lawyer for detailed review and thorough drafting, and Senior Associate for complex analysis and high-stakes work. All modes are included on every plan.
How does Parachute handle confidential deal documents?
Parachute is in the ISO 27001 certification process (Stage 1 audit complete, Stage 2 scheduled) and aligned with SOC 2 controls. Data is hosted in Australia. Deal documents are encrypted at rest and in transit. We do not train models on your data, so nothing from one deal leaks into another.
Can Parachute draft shareholders agreements and SPAs?
Yes. Both are supported with customisable warranty packages, indemnity schedules, and completion mechanics. Output is Word-compatible with track changes intact.
Does it know current Corporations Act provisions?
Yes. Parachute's knowledge base includes the Corporations Act 2001, ASX Listing Rules, and ASIC regulatory guides. Citations are included in generated content so you can verify.
How does it handle due diligence at scale?
Upload a data room and Parachute reads contracts, financials, and compliance documents to produce a structured DD report with red flags and follow-up questions.
Explore Parachute for other practice areas.
Ready to give your corporate practice AI leverage?
Start free and see what an AI associate built for Australian corporate law can do.