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How to Improve ROI of Contract Lifecycle Management Platforms

LawTechnologyToday

While contract lifecycle management platforms continue to increase in sophistication and popularity, they are still plagued by end-user dissatisfaction and low adoption rates that rob the investment of value. Contract management systems are sophisticated technologies that are intended to support a complex and dynamic process.

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Why is human-machine collaboration critical for contract analysis AI tools ?

Cenza

Artificial Intelligence (AI) plays a crucial role in enhancing the efficiency of Contract Lifecycle Management (CLM) systems by adding the ability to seamlessly track key terms and clauses in a digital contract repository. What does it take for flawless AI annotation for contract analysis? .

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Four Month After Launching, Traact Forms Strategic Partnership with Belgium-Based Klea to Serve Corporate and Law Firm Clients Globally

LawSites

As I reported in November when it launched, Traact’s all-in-one platform 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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6 Ways to Expand Your Paralegal Education

Paralegal Bootcamp

For instance, commercial litigation paralegals can benefit from CLEs explaining the methods of determining the appropriate type of business organization or drafting contracts. Community colleges offer non-credit courses in such areas as business formation, project management, finance, real estate licensure, and estate planning.

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With Expansion, Lawyer Marketplace Priori Is Now Also A Legal Tech Marketplace

LawSites

While Priori plans to gradually expand the providers it offers through its marketplace, it is launching today with three: LawGeex , which offers an AI-powered contract review automation solution. million in a Series A financing. The way Priori works is that an inhouse legal team comes to the site and submits an RFP.

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KLDiscovery Inc. Completes Acquisition of Cenza Technologies Private Limited

Cenza

The acquisition establishes a Global Delivery Center in India to strengthen KLDiscovery’s Managed Document Review and enhance the Company’s contract lifecycle management offering. EDEN PRAIRIE, MN—November 20, 2023— KLDiscovery Inc. (“KLD”),

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How to Prepare for Using New Software in Your Legal Practice

Rocket Matter

Consider the following data: A 2020 ABA survey states that just 58% of firms store their data in the cloud, and only 7% of survey respondents used tools that deploy artificial intelligence (AI), despite AI’s popularity in other industries such as finance. . Document and contract creation automation . Workflow management .

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