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Legal technology platform Law Insider announced today the launch of its AI-powered contract drafting, review and redlining tools for its global community of 1.2 million registered legal users.
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. Into the Thick of It.
According to the 2025 In-House Legal Budgeting Report from Axiom and Wakefield Research, 96% of general councils said they expect “AI will meaningfully reduce costs within their legal department.” For law firms looking to stay ahead of the curve, embracing simplified legal tech solutions is no longer optional—it’s essential.
Its especially crucial for corporate legal departments to maximize efficiency when there arent enough people to go around. Then associates or paralegals spend hours reading 30, 40, 50 pages to review new contracts according to the most basic criteria. As every lawyer knows, time is money.
Its the stuff of nightmares for lawyers: missing a contract-related deadline. In this episode of Adventures in Tech, host Jared Correia is joined by Kristen Riviello of CobbleStone Software, who explores how contract automation software can keep lawyers safe. The post Living In Fear Of Contract Deadlines? Listen here.
Contract attorneys have made it possible for legal organizations to level up their teams’ expertise without increasing headcount. . In many cases, this meant that they, like their law firm counterparts, hired contract attorneys to fill in gaps, provide niche expertise and keep costs in check.
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.
The post 5 Strategies to Strengthen Your Contract Negotiations appeared first on Attorney at Work. Colby Mangonon | Five strategies for using modern technology to strengthen your bargaining power.
The emergence of generative AI is reshaping the landscape of contract management, enabling businesses to generate and negotiate legal agreements with greater ease and speed.
Tower Legal CEO Leslie Firtell says contract staffing will grow in importance this year. The post Contract Staffing: 3 Ways ALSPs Can Support Your Law Firm in Uncertain Times appeared first on Attorney at Work.
Knowable, a legal technology company specializing in helping organizations bring order and organization to their executed agreements, has announced Ask Knowable, a suite of generative AI-powered tools aimed at transforming how legal teams interact with and understand what is in their contracts.
Learn how big tech has changed the legal industry Free Guide The Small Firm’s Guide to Big Tech While any change in how you operate your law office can feel overwhelming, there’s never been a better time to start migrating your office structures online. In a competitive legal world, AI is a winner. That's the only way to succeed today!
Learn about a world of effective contract management and seamless teamwork across departments in this upcoming webinar from Cobblestone Software. Join us as we show how you can supercharge contract processes, improve team communication, and take your contributions to the next level.
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.
Legal teams are being pressed to control costs and better respond to changing regulatory and risk management obligations. In fact, legal technology is far more accessible and affordable than even two years ago. Increasing complexities in a number of industries are creating the need for high-value legal expertise.
To understand the challenges legal teams face, our friends at LegalOn surveyed 286 GCs, in-house counsels, contract managers, and legal operations professionals to understand the challenges legal teams face. Legal teams spent an average of 188 working days on contract review last year. The results?
It happens from time to time, when a third party pays for the legal services of another. Ideally, two things: First, you want to clearly explain to both the payor and the client that the payor is not the client, the client is which sounds like an obvious thing for lawyers, but wont be for your clients and the person paying the legal fees.
Outdated compliance practices expose businesses to legal landmines that damage reputations and cost millions of dollars. Contract intelligence can help. Download this whitepaper to learn: Which new and emerging data privacy regulations might have the biggest impact on your contracts.
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.
Armed with a team of six associates, Stephen Fackler , a Gibson Dunn partner based in Palo Alto and New York, volunteered to take the lead, advising on media distribution contracts, tax strategy, and charity solicitation regulations. “I was reviewing contracts as late as hours before the concert started.
The meta-discourse on how to read the law — one of the most interesting things about lawyering — is so important that if you invite experts to discuss legal interpretation at your school, you better make sure you get someone who knows what they’re talking about. Moderated by Andrew T.
My head bobbed up and down as I watched our new legal assistant bounce like a Jack Russell Terrier at my door holding a post-it-note above her head. In my own defense, the last 25 years of my career has been dedicated to one attorney as a contracted tort litigation paralegal. The same can hold true with new legal assistants.
CLM tools have always strived to push contract management into the digital age for almost 30 years. But the complexities of digitising a legal document are numerous. The current scenarios in business development have shown that having a fully automated CLM has become a mandate for every law firm and in-house legal department.
The Legal Profession Can Be a Journey to Bigger and Better Opportunities By Chere B. Now, youve started circling Indeed and LinkedIn, reached out to legal recruiters and are quietly scanning job listings. Now, youve started circling Indeed and LinkedIn, reached out to legal recruiters and are quietly scanning job listings.
HRW also recommends migrants’ home countries legally workers engage in more frequent dialogue with Saudi Arabia to ensure their nationals are subject to appropriate labor standards and freedom of movement.
When it comes to contract negotiations, lawyers often find themselves spending countless hours haggling over standard agreements such as NDAs and SaaS contracts, with both sides often saying more or less the same thing, but in different words. Todays guests believe there is.Electra Japonas, chief legal officer atLaw […]
LexCheck, a legal technology company specializing in contract review, is launching a new AI-powered contract analysis tool that aims to solve two persistent challenges in contract technology: the ability to handle complex agreements beyond routine contracts such as NDAs, and the creation and maintenance of contract playbooks.
Legal operations are no exception to this need for expediency. Managing contracts efficiently is critical for organizations to maintain compliance, minimize risk, and optimize their contract lifecycle operations.
By embracing legal tech, firms are stepping into the future and preserving the integrity and success of their practices. forcing at-home work to extend even further, the legal industry continues to feel the disruption. The good news is that legal tech programs can prove valuable in helping you manage and protect your law practice.
Zuva, the company that spun off from AI contract review pioneer Kira when it was acquired by Litera in 2021, today released its own AI contract review tool, Zuva Analyze, which it says will enable in-house legal teams to review contracts 2-3 times faster than reviewing them manually.
Technology can be a powerful ally for legal professionals. The post Translating Between Contracts And Code: Bridging The Gap Between Legal And Tech appeared first on Above the Law.
Almost exactly one year ago, a new legal tech startup, The Contract Network, came out of stealth, with a mission to “radically accelerate the time for contract negotiations” through an AI-powered contract collaboration platform where all parties to a deal engage in a secure and neutral environment.
Amongst other things, the CISG application does not apply to contracts formed by, inter-alia, auctions under Art. The Swiss Federal Supreme Court had to determine if the bidding process in a tender contract was the same as an auction. However, unlike an auction, in a tender contract, it is the sellers that bid, not the buyers.
Litera CEO Avaneesh Marwaha Generating first drafts of legal documents. Managing contract redlines and coordinating revisions. In the age of generative AI, the biggest legal technology use cases often focus on streamlining the tasks routinely performed by junior associates. Surfacing hard-to-find data.
The legal profession is experiencing a technological transformation unlike any in its history, with artificial intelligence (AI) now capable of drafting documents, analyzing case law, reviewing contracts, and even predicting litigation outcomes.
In Conflicts, Contracts & Costs: Tuning Up Your Office Systems, Client Relationships & Operating Documents, well dive into the strategic implications of adapting ethical practices to a distributed environment. Sign up to join us on March 26th at 1 p.m. This program is presented by Affinipay.
However, I suspect most of us did not sign up to be on call to provide legal services 24-7. ” During the weekend following this announcement, one of my clients called and asked me to draw up a simple contract on a Saturday for a pressing matter, and she voluntarily offered to pay the “urgent rate” for this weekend work.
Legal Publishing and Legal Apps With Greg Siskind. Then as the apps started to take shape, he decided to join the ranks of legal app providers, monetizing the operation and creating a new stream of income for the 50-person firm known as Visalaw.ai. Three Paths to Writing as a Side Hustle. Creative Writing With J.W.
A recent study, Better Call GPT: Comparing Large Language Models Against Lawyers , has made waves in the legal and AI communities, revealing that advanced Large Language Models (LLMs) may be on the verge of disrupting traditional legalcontract review.
In today’s fast-paced legal world, your writing skills can help you achieve that raise or promotion you have in sight or help you stand out during your next interview. Keep Your Legal Writing brief. Accidentally leaving the wrong name or term in a contract can be detrimental. Scrub your documents carefully. Stay Organized.
LegalOn Technologies today released My Playbooks, a new feature that enables legal teams to customize the platform’s AI contract review system according to their internal standards and preferred language.
Our friends at LegalOn Technologies share real world use cases on how legal professionals are transforming their contract review process. The post Is AI The Key To Efficient Contract Reviews? appeared first on Above the Law.
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