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Top Technology Trends for Transactional Lawyers

LawTechnologyToday

Tremendous opportunities exist for transactional practitioners to leverage technology to optimize outcomes. Each trend has its roots in the now well-established field of litigation-support technology. Electronically Stored Information (ESI) renders a 3D image of a document by introducing metadata, or data about data.

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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. Finally, legal teams are seeing the value in having an effective contract management process. Creating a central repository of legacy contracts.

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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. 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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Ironclad Opens A Window Into the Black Box of AI with New Chat Interface for Complex Contract Analysis

LawSites

The contract management company Ironclad today announced plans to launch a chat interface for complex contract analysis that it says will open a window into the black box of artificial intelligence by showing users the steps it took to come to a conclusion. Where most generative AI is a black box, CAI is an open book.”

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How to easily and securely migrate your clients’ contracts to your contract management system or CLM

Cenza

The pandemic only accelerated our reliance on digital technologies, increasing the adoption rates for contract lifecycle management (CLM) solutions in global companies. Despite the rate of CLM adoption, organizations lack clear insight into how employees, partners, and customers access and manage contracts today.

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The new hottest segment in legal tech: Contract Lifecycle Management

Cenza

Contract lifecycle management (CLM) has become a hot topic in the legal space; a must-have solution for CXOs looking to get a handle on their legal agreements. Given the shift in legal automation, the adoption and implementation of contract management solutions are gaining significant ground.

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Three Ways Contract Analytics Deliver Value Beyond Corporate Legal

LawTechnologyToday

Their counterparts at law firms have long used business intelligence tools, such as win rates, financial statistics, and document and case metadata. They rely on contract analytics engines to better understand their company’s risk exposure – and get a jump-start on agreements headed their way for review. The IT Team.