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As Companies Rein In Legal Spend, They Are Bullish on Leveraging Legal Tech, Survey Says

LawSites

Not surprisingly given the economy, a survey of inhouse legal professionals finds that companies are slowing down or freezing hiring, reducing outside counsel spending, and conducting layoffs. To help counter these cuts and reduce their workloads, legal departments are increasingly bullish on leveraging legal technology, the survey finds.

Legal 84
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India-based ALSP Proxiio Expands Into U.S. Legal Market to Deliver Litigation and Corporate Services

LawSites

Proxiio Global Solutions , an India-based provider of litigation and corporate legal services for law firms and in-house legal departments, is today officially launching in the United States. Leading U.S. sales Peter Vazquez , vice president of business development, who was formerly regional director of e-discovery sales for Consilio.

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An in-depth guide on successful contract migration and CLM implementation

Cenza

Contract lifecycle management (CLM) has not been a straightforward exercise and here’s why it requires expert legal understanding and understanding of information that contains legal language. Many third-party providers lack the expertise to extract and manage contextual information. What’s on offer?

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Five Challenges Shaping the New Legal Paradigm

LawSites

Recent data show that 75% of legal professionals spend more than 20 hours each week on non-client-facing billable work other than meeting or representing clients in court. Regulatory considerations and extensive paperwork—from engagement letters and contracts, legal forms, and financial records—must be accurate and complete during onboarding.

Legal 94
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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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UK: Appointment Of Engineer - A Breach Of Contract? - Barton Legal

Mondaq

High staff turnover on construction projects? Replacing Project Managers? Not a problem…correction, it has more risks and financial consequences than you think.

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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? .