LawSites

JUNE 3, 2024

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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LawSites

MAY 10, 2023

Two months after raising $26 million in Series A funding, SpotDraft , a cloud-based contract lifecycle management platform for in-house legal teams, is today launching a deep integration with Microsoft Word that it says will simplify the contract drafting and review process for businesses of all sizes.

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Drafting Contract Legal Documents Legal 105

Above The Law

JUNE 4, 2024

The post LexisNexis Purchases Contract Drafting Tool, Brazilian Butt Lift appeared first on Above the Law. LexisNexis bought Henchman for the technology. the sense of humor came free.

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Drafting Contract Technology Laws 77

ABA Journal

NOVEMBER 9, 2023

Two energy companies allege that Winston & Strawn bungled two intertwined contracts involving the purchase of Southern California oil and gas wells, leading the two…

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Contract Drafting 123

ABA Journal

MAY 17, 2023

A Massachusetts judge has refused to toss a $636 million malpractice lawsuit contending that a botched contract drafted by Proskauer Rose caused its client’s loss…

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LawSites

MARCH 21, 2024

Ai.law , a legal technology startup that uses artificial intelligence to generate litigation documents, has added a new module that will draft the complaint to initiate a lawsuit. The draft complaints include jurisdictional allegations, general allegations, claims with elements that are supported by facts, and a demand section.

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Above The Law

AUGUST 29, 2023

The post Less Sexy Than Generative AI Drafting Contracts, But Bringing AI Into Cybersecurity Is Pretty Important appeared first on Above the Law. An interesting law firm use case for AI.

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LawSites

SEPTEMBER 21, 2023

LegalOn , a company that was already one of Japan’s largest providers of AI contract review technology when it launched into the U.S. Even for companies that already have their own collections of contract templates, LegalOn’s templates address nuances that their own may not, Lewis said. ”

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Drafting Contract Lawyer Lawyers 72

JURIST

OCTOBER 20, 2024

They raised serious concerns about McKinsey’s ties to the Chinese government and state-owned enterprises and questioned whether the firm should continue to be eligible for Department of Defense contracts. Lawmakers expressed concern that these contracts gave McKinsey access to classified or sensitive national security information.

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LawSites

JUNE 11, 2024

LexIQ, an early-stage startup focused on using artificial intelligence to draft and review contracts in Microsoft Word, is today launching its waitlist for corporate legal departments and law firms interested in joining is beta program.

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Contract Drafting Law Firm Law Firms 114

CARET Legal

OCTOBER 21, 2024

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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Contract Legal Legal Law Firms 110

LegalReader

JANUARY 6, 2023

Evisort AI Labs is pioneering new ways to draft and negotiate contracts with generative AI.

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Contract Drafting 105

Above The Law

JULY 22, 2024

Drafting contracts has been simplified in CobbleStone through the power of several native AI tools. CobbleStone Contract Insight leverages VISDOM, its powerful AI engine backed by machine learning (ML) that streamlines data insertion, extraction, evaluation, and risk identification.

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Contract Drafting Laws Technology 85

OneLegal

OCTOBER 23, 2023

When it comes to writing contracts, clarity and conciseness rule the day. If you’re new to drafting contracts, here are some tips that will help you avoid some costly mistakes. The post Top attorney tips for how to write contracts and agreements appeared first on One Legal.

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LawSites

JANUARY 31, 2024

TermScout , an AI contract review company, has launched a first-of-its-kind AI marketplace where lawyers and other contracting experts can build and sell their own contract review AIs, developed based on their unique expertise. In effect, users can get an expert review of a contract with just a few clicks.

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LawSites

OCTOBER 20, 2023

The contract lifecycle management company SpotDraft today launched a generative AI add-in for Microsoft Word that is designed to help lawyers streamline the process of reviewing contracts — and it is available for anyone to try for free through the end of December. The user can adopt these comments as generated by VerifAI or edit them.

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Contract Drafting Lawyers Lawyer 119

LawSites

MARCH 1, 2023

After all, this is the company that had already launched the powerful neural net search technology AllSearch and that had pioneered products such as Compose , to help lawyers draft litigation briefs, and, in 2016 , CARA, the first product to use AI to analyze briefs. Contract policy compliance. Extract data from contracts.

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LawSites

MARCH 6, 2024

“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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Drafting Contract Metadata Document Management 84

Attorney at Work

SEPTEMBER 7, 2022

Attorneys spend a lot of valuable time redlining and negotiating contracts. According to a recent poll , 91% of contract negotiators (myself included) use MS Word Track Changes to redline contracts. Because we didn’t receive formal training on how to use Word for redlining contracts. Probably not very many.

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LawSites

FEBRUARY 20, 2024

The Belgium document automation company ClauseBase has launched a major expansion of its product to add new capabilities for clause extraction, AI-powered document review, and automated proofreading, all with the goal of providing an all-in-one platform, within Microsoft Word, for contract drafting, reviewing and negotiating.

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Drafting Document Review Legal Legal 90

OneLegal

NOVEMBER 20, 2024

Master the essentials of contract drafting with this guide, covering clarity, enforceability, and customization for client needs. The post A guide to quality contract drafting for legal professionals appeared first on One Legal.

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Drafting Contract Legal Legal 52

Hoban Law Group

MAY 18, 2021

Nevertheless, businesses seeking to buy, sell, or merge with, another business will face common contract provisions and structures. Businesses undertaking a merger or acquisition should work with competent corporate attorneys or M&A attorneys to be sure their contract is comprehensive and protects their interests. Definitions.

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Contract Real Estate Depositions Attorney 105

Attorney at Work

OCTOBER 26, 2022

Contract management software and recent technology like artificial intelligence and natural language processing are helping law firms and legal departments confront the many challenges of contracts. Contracts are hard. Advances in Contract Automation and Management. Legal Contract Management and Unmanageable Numbers.

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Contract Legal Legal Legal Documents 99

Above The Law

JUNE 14, 2023

The post Artificial Intelligence Already Being Used In Transactional Drafting: An Interview With The CEO Of Spellbook appeared first on Above the Law. Spellbook recently announced $10.9 million in new funding from several major venture capital firms.

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LawSites

MARCH 1, 2023

Building on its acquisition last year of the contract lifecycle management (CLM) platform Parley Pro , LexisNexis is today announcing the integration of Parley Pro’s CLM capabilities to its cloud-based CounselLink enterprise legal management solution for corporate legal departments. Marking up a contract draft from within CounselLink.

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LawSites

FEBRUARY 24, 2022

Is there a better way to train lawyers to draft and negotiate contracts? This former Tesla and BigLaw commercial contracts attorney is the founder of How to Contract , a learning platform that trains lawyers and professionals how to draft and negotiate contracts in the real world.

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Contract Lawyer Lawyers Drafting 86

ABA Journal

JUNE 22, 2023

The ABA Journal is read by half of the nation's 1 million lawyers every month. It covers the trends, people and finances of the legal profession from Wall Street to Main Street to Pennsylvania Avenue.

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Drafting Contract Finance Lawyer 101

JURIST

JULY 6, 2022

Russia’s State Duma Wednesday adopted two bills that would allow the government to introduce “special measures in the economic sphere” to support Russia’s ongoing invasion of Ukraine, including mandating businesses to carry out assigned government contracts. ” .

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Contract Government Drafting Laws 182

LawSites

MAY 15, 2023

A new company coming out of stealth today, The Contract Network , aims to “radically accelerate the time for contract negotiations” by providing an AI-powered collaboration platform that can be used by all parties to a transaction to more quickly “get to the point” in their negotiations. ” The redline rut.

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Contract Legal Legal Drafting 81

LawSites

JANUARY 24, 2024

The second tool announced today, Practical Law Clause Finder, is embedded in Microsoft Word and uses supervised learning AI, trained by PL editors, to classify contract language and extract the most commonly negotiated clauses in transactional agreements. Start by selecting the type of clause you need.

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Contract Legal Legal Laws 111

Cenza

SEPTEMBER 9, 2021

Contract Management often considered a back-end legal operation that has nothing to do with critical business impact, can be the most significant engine of an organization. If operational efficiencies need to be unlocked through contract intelligence, you need to follow a systematic approach to CLM implementation.

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Contract Drafting Legal Legal 92

Cenza

AUGUST 11, 2021

With a phenomenal upward trend over the last decade, the contract management industry has evolved into a critical business-shaping legal function. Global enterprises needed to craft new contract structures to match the rapid and dynamic nature of the businesses. By 2025, the contract management market is estimated to grow at a 12.3%

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LawSites

JANUARY 9, 2024

Redlining is the bane of contract negotiations. All you are doing then is replacing the counterparty’s preferred language with your preferred language and bouncing it back to them, like a game of contracts Pong. Aligning Misalignments The new capability works within Agiloft’s Contract Assistant for Microsoft Word add-in.

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Contract Drafting Technology Legal 81

Above The Law

FEBRUARY 9, 2023

Well, they already had it drafted. The post OAN Loses Breach Of Contract Case Against AT&T In CA, Refiles It In DC As Tort Suit appeared first on Above the Law. Don't want to waste a pleading.

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Tort Contract Drafting Laws 89

LawSites

APRIL 4, 2022

Major financing news today, as LinkSquares , the Boston-based company that provides an AI-powered contract management and analysis platform, said it has raised $100 million in Series C financing, less than a year after raising a $40 million Series B round, and bringing its total raise to $161.5 million at a current valuation of $800 million.

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LawSites

MAY 5, 2022

Last year, I wrote about the launch of TermScout , a unique legal technology startup devoted to reviewing, rating and comparing contracts. The company cites a 2018 World Commerce and Contracting study that found that businesses spend an average of $6,900 reviewing even simple contracts. Benchmark Contracts.

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Contract Legal Legal Finance 94

InHouseBlog

JANUARY 18, 2023

Landed an in-house counsel job that requires reviewing incoming contracts? A significant number of in-house counsel jobs involve contracting skills , and in many cases you are reviewing contracts developed by your counterparty rather than your own organization’s library of templates.

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