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Legal firms spent approximately $12 billion on AI in 2017, and experts expect that figure to reach $85 billion by 2027. Contract disputes, for instance, require hours of due diligence that AI can automate, saving you hours of monotonous work. As these technologies continue to improve, AI in law will only grow. Corporate Law.
The agency extended the test from February 12, 2024, through February 23, 2027, clarified the purpose and scope of the test, and expanded the test to include more entry types and countries of origin. First, the test period has been extended from February 14, 2024 through February 23, 2027.
The global legal process outsourcing (LPO) market, which is predicted to reach US$30 billion by 2027 , has surged as a result of this influence. Contracts : With an exhaustive Contract Lifecycle Management (CLM) to be dealt with diligently, from creation, negotiation to approval, outsourcing is the way to go.
BIS released a new rule strengthening restrictions on advanced computing semiconductors to enhance foundry due diligence and prevent diversion to China. BIS announced a final rule prohibiting certain transactions involving the sale or import of connected vehicles with a sufficient nexus to China or Russia. Comments are due May 16, 2025.
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