article thumbnail

AI Contract Drafting Startup Henchman Unveils Microsoft Copilot Integration, Calling It First of Its Kind

LawSites

“Leveraging advanced algorithms and metadata, this synergy facilitates more accurate answers and boosts drafting efficiency, all while tapping into a legal team’s wealth of collective knowledge,” the company says.

article thumbnail

Despite All the Hype Over CLM Software, Most Companies Don’t Use It to Manage their Contracts, Survey Finds

LawSites

One of the most talked-about legal technologies of the last few years is contract lifecycle management software. But a survey released today finds that the majority of companies do not use CLM software at all, and of those that do have a dedicated CLM system, most use it only on a limited basis. CLM adoption lags.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How Smart Contracts are Changing Legal Contracts

LawTechnologyToday

While a world free of lawyers will most likely never come to fruition (to many parties’ chagrin), new technology in the form of smart contracts is changing how legal matters are drafted. This data then informs the automated terms of a contract by posting results and accompanying proof to the blocks.

Contract 121
article thumbnail

Five benefits of contract management software (that you might be missing out on)

LawVu

Contracts are not just central to the in-house legal function – they are the backbone of your business. Finally, we’ll explore the merits of an alternative approach to contract management – the legal workspace.

article thumbnail

How Law Firms Are Using AI: Quick Case Summaries and More

CARET Legal

Artificial Intelligence (AI) is revolutionizing the legal world, transforming key practices including case reviews, legal research, contract analysis, and predictive analytics. Contract Analysis Simplified In the realm of legal practices, contract analysis and drafting stand as pivotal yet time-intensive tasks.

article thumbnail

As It Continues to Expand Beyond Legal Research, Bloomberg Law Acquires Legal Project Management Platform Dashboard Legal

LawSites

Furthering its expansion beyond legal research and into other products aligned with legal professionals’ day-to-day workflows, Bloomberg Law has acquired Dashboard Legal , a project management and collaboration platform specifically designed for the legal market. ”

article thumbnail

Tackling Inefficient Time Management At Your Law Firm

CARET Legal

Let’s take a look at key areas where time is often wasted: Task Management Across a wide spectrum of legal practices, tasks are often assigned informally, through email or verbal communication. Calendar Management Scheduling is often handled individually, with each lawyer managing their own calendar.