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

LawSites

Henchman , a legal tech startup that provides legal teams with quick access to their previously written contract clauses and definitions directly within Microsoft Word, today released what it says is a first-of-its-kind integration with Microsoft Copilot through which Copilot users will be able to surface clauses and precedents from their document (..)

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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. In theory, the process sounds great.

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How Contract Management Systems Control The Chaos

Above The Law

Drowning in documents? The post How Contract Management Systems Control The Chaos appeared first on Above the Law.

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Evisort Announces Automation HubTM, Supercharging Contract Intelligence Capabilities

LegalReader

AI-powered CLM platform extends its industry-leading AI capabilities, offers more powerful search and improved document management experience.

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Zuva and Litera Jointly Develop Classification Taxonomy for Legal Documents and Make It Open Source through the SALI Alliance

LawSites

In addition, the document classifier they developed, which includes 225 document classifications, is available immediately through Zuva’s API offering. Zuva is the company that was spun out from the pioneering AI contract analysis company Kira when Litera, a global legal technology company, acquired Kira in 2021.

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On LawNext: Lexion CEO Gaurav Oberoi on His $20M Raise and Getting Deals Done Faster with AI

LawSites

The company, says its cofounder and CEO Gaurav Oberoi , is on a mission to use AI to help corporate operations teams and legal departments close deals faster by accelerating business contracting across sales, procurement, legal, HR, security, and more.