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Breaking News: LexisNexis To Acquire Contract Drafting Company Henchman

LawSites

LexisNexis Legal & Professional said today that it has entered into an agreement to acquire Henchman, a Belgium-based contract drafting legal technology company. LexisNexis said it is acquiring the company for its document management system that enable faster document drafting.

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Legal Contract Management Software Is a Huge Time-Saver

CARET Legal

Effective law firm contract management can simplify workflows, enhance compliance, and improve client service. Managing contracts manually is a time-consuming task for many law firms. The high volume of contracts, combined with the need to maintain accuracy and ensure compliance, creates a significant challenge.

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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.

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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.

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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.

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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.

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How An LPMS Can Double As An In-House Legal Software

CARET Legal

Legal practice management software (LPMS) offers a comprehensive platform that can streamline a wide range of in-house legal functions, from contract management to compliance oversight. This not only reduces errors but also speeds up the entire contract lifecycle, from drafting to execution.

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