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What Is the Biggest Challenge Facing Law Firms Today?

CARET Legal

The sheer volume of due diligence required can mean weeks or even months of late nights and weekends spent poring over contracts and legal documents. Stressful Mergers and Acquisitions Or take the example of a corporate lawyer working on a major merger or acquisition.

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Your Votes Are In: Here Are The 15 Finalists You Chose To Be In The 2023 Startup Alley At ABA TECHSHOW

LawSites

Docgility AI-powered Contract Acceleration Platform – 80% faster contract execution with improved compliance – supports review, redlining, collaboration, and negotiation of contracts (including third party/counter party contracts). Read this startup’s detailed application. Read this startup’s detailed application.

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Top Technology Trends for Transactional Lawyers

LawTechnologyToday

Applications used to manage voluminous and complex litigation document reviews can be used for reviewing contracts in transactional matters. These tools can turn contract clauses into data points, which can then be analyzed, filtered, compared, etc.,

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Will AI Replace Lawyers? 4 Expert Opinions

MyCase

Here’s how they’re using it: Legal research Document review Due diligence E-discovery While some lawyers enthusiastically embrace AI for its potential to enhance efficiency and accuracy, others remain cautious. This includes activities like contract analysis, document review, and legal research.

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TECHSHOW 2023 LIVE: Start-Up Pitch Competition

LawTechnologyToday

Docgility AI-powered Contract Acceleration Platform – 80% faster contract execution with improved compliance – supports review, redlining, collaboration, and negotiation of contracts (including third party/counter party contracts). Read this startup’s detailed application. Read this startup’s detailed application.

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Launching Today: Traact Is An All-in-One, ‘Tech First’ Platform for Managing Corporate Legal Functions

LawSites

Intended for customers in both corporate legal and law firms, Traact offers modules for entity management, permits and licensing, board management, matter management, contract management, disputes and litigation, finance and taxes (including spend management), and document management.

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The Impact of AI for Lawyers: Benefits and Challenges

MyCase

Natural Language Processing (NLP): A computer system with the ability to interpret written and spoken language, which can be used to analyze contracts and flag problematic sections. Save Time and Enhance Efficiency AI-powered tools can automate various tasks, such as legal research, contract drafting, and document review.