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Contract lifecycle management (CLM) has not been a straightforward exercise and here’s why it requires expert legal understanding and understanding of information that contains legal language. Finally, legal teams are seeing the value in having an effective contract management process. Creating a central repository of legacy contracts.
“It creates a momentous opportunity for attorneys to delegate tasks like legal research, document review, and contract analysis to an AI, freeing them to focus on the most impactful aspects of their practice.” Review documents. Contract policy compliance. Extract data from contracts. out of contracts.
2014 Two Sites Offer Platforms for Crowdsourced Legal Research. Casetext Launches LegalPad, A Writing and Publishing Tool for Lawyers. Turns Out Legal Research Services Vary Widely in Results. Seeking To Expand Among Smaller Firms, Legal Research Service Casetext Adds Features, Lowers Price. Top Law Firm Invests $8.2M
Contract lifecycle management (CLM) has not been a straightforward exercise and here’s why it requires expert legal understanding and understanding of information that contains legal language. Finally, legal teams are seeing the value in having an effective contract management process. Creating a central repository of legacy contracts.
Casetext Launches Co-Counsel, Its OpenAI-Based ‘Legal Assistant’ To Help Lawyers Search Data, Review Documents, Draft Memos, Analyze Contracts and More (March 1, 2023). Ironclad’s AI Contract Redlining Tool ‘AI Assist’ Comes Out Of Beta, New Using GPT-4 (April 11, 2023).
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