InHouseBlog

SEPTEMBER 10, 2023

The Association of Corporate Counsel (ACC) and Exterro, the leader in Legal GRC software, once again partnered on an in-depth survey of in-house legal departments, this time producing the 2023 Legal Technology Report for In-House Legal Professionals. Key Takeaway #1: Legal technology is now a must-have.

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Attorney at Work

MARCH 17, 2023

Colby Mangonon | Five strategies for using modern technology to strengthen your bargaining power. The post 5 Strategies to Strengthen Your Contract Negotiations appeared first on Attorney at Work.

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Above The Law

JANUARY 31, 2024

The post Will Contract Troubles Take Song And Dance From TikTok? The ones where people are talking are better than the dancing ones anyway. appeared first on Above the Law.

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ABA Journal

MAY 22, 2023

Over the past few months, the legal technology sector has experienced a veritable explosion of AI-powered contract analysis tools, largely driven by the advanced capabilities…

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Cenza

SEPTEMBER 21, 2023

The acquisition will strengthen KLDiscovery’s Managed Document Review and enhance the Company’s contract lifecycle management offering. Christopher Weiler, CEO of KLDiscovery, welcomes Aditya Mirza, CEO of Cenza, into the KLDiscovery family. KLDiscovery Inc. (“KLD”), The full press release is here.

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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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Above The Law

AUGUST 21, 2023

Tired of negotiating and managing routine contracts? Ontra makes the most of human expertise and proprietary AI assistance to automate contracts like never before. The post Experience AI-Powered Contract Negotiation With Ontra appeared first on Above the Law.

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Cenza

JULY 1, 2021

As the world is increasingly adopting technology, legal service delivery is changing its service models, delivery programs, and business structures in order to adapt to new demands. Suppose we deep-dive into the post-execution contract management tools. A lawyer can train AI contract management software to classify contracts.

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LawSites

APRIL 19, 2023

Lexion , an AI-powered contract management system for mid-market corporations that emerged out of the Allen Institute for AI , the AI research institute created by Microsoft cofounder Paul Allen, said today that it has raised $20 million in Series B funding, bringing its total amount raised to more than $35 million.

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LegalReader

FEBRUARY 3, 2021

Major new product release makes contract collaboration fast, simple, and frictionless regardless of where parties are located.

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JURIST

JANUARY 27, 2022

Chief US District Judge Richard Seeborg for the Northern District of California dismissed two claims Tuesday from a proposed class action against Google, ruling that a promise to avoid collecting user data did not amount to a contract. The case, Anibal Rodriguez, et al.

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InHouseOps

MAY 2, 2023

In this interview with Corporate Counsel Business Journal, Karen Meyer, CEO of Contract Logix, a longstanding contract management software company, discusses the “hidden risks in contracts,” which can be miniscule or massive. Meyer goes on to discuss the ROI of contract lifecycle management.

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LawTechnologyToday

FEBRUARY 1, 2022

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. Another important tool in the litigator’s toolbox is Technology Assisted Review (TAR). Automation.

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LegalSifter

OCTOBER 30, 2023

The legal industry is undergoing a transformation, with technology playing an increasingly crucial role in reshaping how legal teams manage and leverage contracts. At the forefront of this revolution are two accomplished Davidson College alumni, Kevin Miller and Kevin O'Nell. Unleashing the Power of AI for In-House Counsel

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LawSites

SEPTEMBER 21, 2023

LegalOn , a company that was already one of Japan’s largest providers of AI contract review technology when it launched into the U.S. Even for companies that already have their own collections of contract templates, LegalOn’s templates address nuances that their own may not, Lewis said. ”

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CARET Legal

FEBRUARY 23, 2024

Several legal technology trends are set to reshape how law firms operate. Artificial Intelligence and GenAI in the Legal Industry One of the most prominent law firm technology trends is the use of Artificial Intelligence (AI), including Generative AI (GenAI). AI is expected to automate nearly half of legal tasks in the US and Europe.

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The Crime Report

NOVEMBER 22, 2021

In 2019, the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) renewed its $85-million contract with Ultra Electronics Forensic Technology for five years. This would spurring innovation because with a long-standing contract, it would impede the need to further the science.

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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 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 24, 2023

Streamlining Contract Lifecycle Management (CLM) implementation is crucial for ensuring a smooth and efficient process. Managed Legal Service Support: Cenza has the technical expertise to assist in customizing the CLM solution and ensuring smooth integration with your existing technology stack.

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LawTechnologyToday

MARCH 23, 2023

The latest in legal technology may seem overstated to some. However, it is abundantly obvious that many legal technology solutions are already significantly improving the lives of attorneys. According to the Future Ready Lawyer 2021 report , 84% of legal departments have increased their technology budgets in the last year.

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Above The Law

DECEMBER 2, 2022

Businesses with good contract data management can make better decisions faster. The post The Importance Of Contract Data Management (And How It Works) appeared first on Above the Law. They are also able to identify opportunities and threats more quickly.

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LawSites

AUGUST 29, 2022

Relativity , the global e-discovery and compliance technology company, said today that it has acquired Heretik , an AI contract review company whose product was built on the Relativity platform and whose staff is half composed of former Relativity employees. . In 2017, the Chicago-based company raised $2.4

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LawSites

MAY 18, 2022

The law practice management company Clio today introduced an offer to buy lawyers out of their contracts with competing practice management platforms if they switch to Clio’s platform. Clio said it will help cover the remaining cost of the contract with the competitor by providing a credit of up to six months of free Clio software.

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Above The Law

AUGUST 7, 2023

Human lawyers will always be crucial for ensuring contracts and licensing agreements related to AI systems and services are comprehensive, clear, and adhere to relevant laws and regulations. The post 7 Key Considerations For Lawyers Negotiating Contracts For AI Services appeared first on Above the Law.

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Above The Law

JUNE 28, 2023

The post You’ve Got Skeletons In Your Closet (Of Contracts) appeared first on Above the Law. Catylex launches new version to lower time and cost of figuring out what's buried in those agreements before you get burned.

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LawSites

DECEMBER 14, 2022

Citing rapid growth over the past year, LexCheck , a company whose platform provides AI-powered contract review and negotiation, has raised $17 million in Series A funding, on top of $8 million in seed funding it had previously raised. Ease of implementation with small sample sets required to develop customized contract playbooks.

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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. By 2025, the contract management market is estimated to grow at a 12.3%

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Above The Law

NOVEMBER 10, 2023

The post AI Update: The DPA, Faster (But Not Better) Legal Writing, Full AI Contract Negotiation appeared first on Above the Law. This week in AI news.

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LawTechnologyToday

JANUARY 22, 2021

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. But the need for historical and predictive analysis of in-force and pending contracts isn’t limited to the legal department. The IT Team.

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Cenza

NOVEMBER 20, 2023

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. Together, we are poised to create unparalleled value for our clients, driving forward the future of legal technology and services.” Magazine (Inc.

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Above The Law

MAY 15, 2023

The post LawVu Enhances Contract & Matter Functionality With AI appeared first on Above the Law. LawVu, the category-defining legal workspace for in-house legal teams, today announced the addition of several new AI enhancements to their legal workspace.

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Above The Law

JUNE 15, 2023

The post What Dating Tech Can Teach Us About Contract Lifecycle Management appeared first on Above the Law. When should you swipe right on a new CLM?

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LettersBlogatory

SEPTEMBER 7, 2021

The case of the day is DRM Contract Administration Ltd. Proton Technologies AG [2021] IEHC 554. The post Case of the Day: DRM Contract Administration v. Proton Technologies appeared first on Folkman LLC. Letters Blogatory wishes you a good, sweet New Year!

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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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