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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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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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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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How Law Firms Are Using AI: Quick Case Summaries and More

CARET Legal

Artificial Intelligence (AI) is revolutionizing the legal world, transforming key practices including case reviews, legal research, contract analysis, and predictive analytics. Contract Analysis Simplified In the realm of legal practices, contract analysis and drafting stand as pivotal yet time-intensive tasks.

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Tackling Inefficient Time Management At Your Law Firm

CARET Legal

Let’s take a look at key areas where time is often wasted: Task Management Across a wide spectrum of legal practices, tasks are often assigned informally, through email or verbal communication. Calendar Management Scheduling is often handled individually, with each lawyer managing their own calendar.

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What Is the Biggest Challenge Facing Law Firms Today?

CARET Legal

They might have to spend countless hours reviewing documents, researching case laws, drafting pleadings, and preparing for depositions. 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.

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NetDocuments Says Its PatternBuilder MAX AI Is Its ‘Most Successful Product Launch By A Factor of 10’

LawSites

In news that is perhaps an indicator of the legal industry’s interest in generative AI, the document management company NetDocuments said today that its launch of PatternBuilder MAX AI was its “most successful product launch by a factor of 10.” Canada, Europe, the Middle East, Africa, and the Asia-Pacific region.