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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LawSites

MARCH 1, 2023

With the legal industry consumed with interest in generative AI and legal tech companies scrambling to incorporate the technology into their products, it was a sure bet that, sooner rather than later, Casetext would come out with a product of its own. Contract policy compliance. Extract data from contracts.

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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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LegalReader

APRIL 20, 2022

To ensure that a written contract is sound, it needs to be reviewed by legal counsel, and a written contract is a lot easier to enforce than a verbal contract.

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LawSites

FEBRUARY 28, 2024

The contract review company LegalOn Technologies today released LegalOn Assistant , a generative AI chat interface that can answer questions about your contracts, draft clauses, summarize contract terms, and more. The company says that LegalOn Assistant is specially trained and tested for commercial contracting.

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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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LawSites

MAY 25, 2023

Spellbook , a company formerly known as Rally Legal , and whose product uses GPT-4 and other generative AI models to speed contract drafting and review directly within Microsoft Word, has raised $10.9 Along with the financing news, the company announced its rebranding from Rally Legal to Spellbook.

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LawVu

DECEMBER 5, 2023

There’s an untapped goldmine of legal data, metrics and insights sitting just below the surface of your daily legal work – contract lifecycle data. Contract lifecycle management is a central component of the in-house legal function, and a key point of convergence between legal and the wider business.

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ABA Journal

JUNE 22, 2023

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

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MyCase

APRIL 24, 2024

AI tools like ChatGPT are creating a buzz in the legal field. According to the Legal Industry Report 2024 , nearly one-quarter (24%) of law firms have adopted legal-specific generative artificial intelligence (GAI) tools. GAI can free lawyers from repetitive tasks so they can focus on higher-level legal strategy.

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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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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.

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Paralegal Bootcamp

FEBRUARY 25, 2022

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.

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ClimateChange-ClimateLaw

SEPTEMBER 27, 2023

Today, the Sabin Center has published a best practices guide for negotiating and drafting Community Benefits Agreements (CBAs), as well as a database of 50 example CBAs from climate-related projects and other types of infrastructure.

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CARET Legal

MAY 1, 2024

By streamlining complex processes and enhancing accuracy, AI is not only optimizing how legal professionals work but also redefining outcomes. Artificial Intelligence (AI) is revolutionizing the legal world, transforming key practices including case reviews, legal research, contract analysis, and predictive analytics.

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Conflict of Laws

NOVEMBER 18, 2023

The recently published study titled ‘European Commercial Contract Law’, authored by Andrea Bertolini, addresses the theme of regulatory competition. It offers new policy recommendations to improve EU legal systems’ chances of being chosen as the law governing commercial contracts.

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LawSites

FEBRUARY 22, 2023

The law firm Akin Gump Strauss Hauer & Feld has lost its bid to dismiss four of five counterclaims filed by the legal technology company Xcential Legislative Technologies in a lawsuit over ownership rights to legislation-drafting software that each side says was its idea. In a ruling issued Feb.

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Conflict of Laws

FEBRUARY 18, 2024

These cross-border transactions present complex legal questions, such as the place where potential disputes will be adjudicated. This type of ‘unwritten’ jurisdiction agreement remains largely unexplored in the legal scholarship. In our latest article , published in the 2023 edition of the Journal of Private International Law , vol.

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LawSites

OCTOBER 24, 2023

At the time, I wrote about how one immigration lawyer had used it to dramatically shortcut the time-consuming process of drafting O-1 visa petitions. Drafting: Automatically drafts a new document, allowing users to select a prior precedent document as an example or draft a document from scratch based on custom instructions.

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Blumberg

DECEMBER 21, 2021

Drafting a legal business contract is important to minimize risks and provide legal protection for both you and your company. Even so, these business contracts can be breached, causing stress and panic. A breach of contract can take on a variety of different forms in the business setting.

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Conflict of Laws

NOVEMBER 20, 2023

Posted by Marlene Wethmar-Lemmer This booklet contains the first draft of the envisaged African Principles on the Law Applicable to International Commercial Contracts. The regulation of private international law of contract is essential to the further development of the African Continental Free Trade Area.

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LawSites

AUGUST 18, 2023

Last May, I reported here on the emergence out of its stealth development phase of The Contract Network , whose goal is 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.

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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 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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LawSites

MARCH 5, 2024

One of the most talked-about legal technologies of the last few years is contract lifecycle management software. Instead of CLM systems, most companies are using document management systems to store and manage their contracts — systems such as SharePoint, Google Drive, local drives, or commercial DMS products.

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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. CAGR, reaching USD 6.5

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LawSites

FEBRUARY 20, 2024

Still less than a year since it launched, CoCounsel, the generative AI legal assistant originally developed by Casetext, has had quite a year. Now, as it expands into new markets, we get details on its adoption to date.

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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 seed funding announced today was co-led by NFX and Ground Up Ventures , with participation from The Legal Tech Fund , Killer Whale Strategies , Underdog Labs , Bridge Investments , and others.

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Contract Legal Legal Finance 84

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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LawSites

JANUARY 25, 2023

to serve as a lawyer’s virtual legal assistant, able to help with researching legal issues, drafting emails and letters, summarizing documents, brainstorming blog ideas, and even just conversational chatting. Currently, it is able to perform eight types of functions: Research a legal issue. Draft an email.

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LawSites

MARCH 30, 2023

BlackBoiler , a company whose AI-driven contract review software automatically reviews and redlines contract drafts using Microsoft Word’s Track Changes, is today releasing a new feature, ContextAI, that enhances the markup by showing the user the reason for every redline. The way it works is simple.

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Cenza

SEPTEMBER 1, 2020

Every formal business and legal dealing starts with a contract. Contracts are a source of valuable information in the event of disputes, renewals, or certain strategic decisions. Despite their importance, it is no secret that contract lifecycle management (CLM) is something that most companies don’t do very effectively.

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LawTechnologyToday

APRIL 16, 2021

While legal professionals have been slower to embrace this technology, AI for lawyers is a growing field. Legal firms spent approximately $12 billion on AI in 2017, and experts expect that figure to reach $85 billion by 2027. Here are five legal fields where AI can bring considerable benefits to lawyers and their clients.

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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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Cenza

NOVEMBER 25, 2020

We’ve compiled a list of some of the best companies in the world that operate in the contracts space and leverage the power of artificial intelligence (AI) and machine learning (ML). AI and ML help increase the speed and accuracy of the various processes within contract management, but at just a fraction of the manual cost.

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LawSites

APRIL 24, 2023

Last December, LegalOn , one of Japan’s largest providers of AI contract review technology to corporations and law firms, announced its expansion into the U.S. and as it does, it is releasing a new feature, AI Revise, which it says is the “first AI contract editing tool enhanced by expert legal knowledge.”

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Contract Legal Technology Solution Legal Legal 61

LexForti

APRIL 8, 2022

In this article, we get to understand, the three considerations that one should give a thought to while entering into a contract with a Social Media Influencer. Here are our three things to consider: Draft Approval Procedure : The first clause to check when signing a contract with an Influencer is the draft approval procedure.

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