Percipient

JANUARY 28, 2025

In this guide, we’ll talk about what these tools are, how they can benefit your contract process, and some of the best tools you can start with. What is AI Contract Review Software? AI contract review software helps businesses and law firms save time and reduce the stress of managing contracts.

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Percipient

JANUARY 31, 2025

If contract management is not prioritized, it can be a serious drain on the bottom line. Contract review tools simplify the process, helping teams identify risks, edit agreements, and stay organized. Contract review software helps businesses analyze and manage contracts more efficiently.

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Percipient

JANUARY 23, 2025

Keeping track of contracts can feel like trying to tame chaosdetails get missed, deadlines sneak up, and the whole process eats up more time than it should. Heres a surprising fact: poor contract management costs businesses up to 9.2% How Can Automation Benefit The Contract Review Process? of their revenue each year.

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Percipient

JANUARY 15, 2025

In fact, according to Gartner , AI-based contract analytics solutions can reduce the manual effort needed for contract review by 50%. Thats a huge time-saver for law firms and corporations managing complex workflows. How Does Contract Review Software Work? Can ChatGPT review a contract?

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Legodesk

FEBRUARY 15, 2022

Automating your law firm’s workflow can have a number of benefits. In addition, automating your workflow can help you to better keep track of deadlines, manage files, and coordinate negotiations. Most legal firms begin small and expand over time to include a large number of attorneys and administrative staff.

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Legodesk

FEBRUARY 15, 2022

Legal workflow automation is the process of automating routine tasks for law firms. Automating your law firm’s workflow can have a number of benefits. In addition, automating your workflow can help you to better keep track of deadlines, manage files, and coordinate negotiations.

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Percipient

JANUARY 20, 2025

Its also super handy for spotting legal risks early, especially in compliance, so you can deal with issues before they get out of hand. Document Automation Document automation makes creating legal documents like contracts, NDAs, and settlement agreements faster and easier. Are Law Firms Keeping Up With AI Technology?

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LawSites

JULY 28, 2021

QuisLex a ALSP that specializes in managed document review, contract management, compliance services, legal spend management, and legal operations consulting. We’ve always wanted to be a highly curated, embedded list of best-in-class legal providers,” Rubin said.

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MatterSuite

FEBRUARY 6, 2024

Cloud-based legal technology empowers law firms with unparalleled flexibility, scalability, and accessibility, redefining the way legal professionals work, collaborate, and serve their clients. These challenges, if left unaddressed, can impede progress and hinder the potential for growth and innovation within law firms.

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MatterSuite

FEBRUARY 6, 2024

Cloud-based legal technology empowers law firms with unparalleled flexibility, scalability, and accessibility, redefining the way legal professionals work, collaborate, and serve their clients. These challenges, if left unaddressed, can impede progress and hinder the potential for growth and innovation within law firms.

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CaseFox

JUNE 26, 2023

Document Management Law firms are moving away from traditional ways of keeping and recording documents. Legal Chatbot Law firms can utilize legal chatbots to interact with clients. Contract Management Contract management is a huge part of any legal professional’s daily routine.

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CEE Legal Tech

OCTOBER 10, 2021

Most of them either provide law firm management products or data protection compliance automation tools. In between all 38 companies, there are two contract management and three law edtech companies. In addition to this, there is not a formal legal tech association in Turkey.

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TechLaw Crossroads

OCTOBER 4, 2023

And while the amount of data gradually increased, for some period of time, law firms could deal with the increase by throwing more bodies at it. As the area got more complicated, law firms tried to capitalize on the gravy train by forming their own e-discovery expert teams to handle the requests.

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MatterSuite

JULY 29, 2023

By automating routine tasks and ensuring compliance, legal technology empowers legal professionals to focus on high-value work. Additionally, these systems often come equipped with security measures to protect sensitive information, ensuring compliance with data privacy regulations. Furthermore, update these systems in real-time.

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Bigfork Tech

AUGUST 19, 2024

Contract Lifecycle Management (CLM) platforms are proving to be a game-changer for legal departments and law firms, transforming how they handle agreements and streamlining operations in ways that were once considered the stuff of fantasy.

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MatterSuite

OCTOBER 7, 2024

10 Key Predictions for Future of the Legal Function Here are the top 10 predictions for 2025 in legal industries that can help you and your law firms. Automation tools will be helpful for both law firms and in-house legal teams. Using compliance management software is the latest law trend, and it is here to stay.

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Bigfork Tech

OCTOBER 15, 2024

5 Tips for Adapting to a New Normal: Key Insights for Hybrid Legal Teams and Businesses Four years since the COVID-19 pandemic and the landscape for in-house legal teams, law firms, and small businesses has transformed dramatically. 79% stored firm data in the cloud. · Difficulty in tracking contract management stages.

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MatterSuite

JUNE 12, 2023

AI-powered contract review software analyzes contracts for risks, inconsistencies, and compliance issues, minimizing manual review time and effort. Here are key considerations to ensure you are using the best legal tech in your law firm. Consider the tasks and technologies that can improve or automate processes.

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MatterSuite

AUGUST 12, 2024

Some of their duties are to prepare contracts, research laws and provide legal counsel to different divisions. Compliance Officer The Compliance Officer is supposed to make sure that the company is operating under the legal requirements and regulations and the company’s policies and procedures.

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MatterSuite

JULY 27, 2023

World of law, where the pursuit of justice intertwines with the demands of a thriving business. For law firms to navigate the complexities of the legal landscape and emerge as industry leaders, they must harness the power of KPIs. This KPI is essential for law firms as it directly impacts revenue generation.

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Ron Friedmann

JUNE 17, 2020

We were receiving presentations from law firms. The Microsoft Law Department has been on a digital transformation for years. Also: using tools to budget and track them; tech to track compliance and flag potential issues. Covington took traditional 1 to 1 law firm – client and breaking it apart.

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MatterSuite

SEPTEMBER 20, 2024

With an increasing number of companies and their growing legal challenges, especially in terms of compliance with increasingly stringent regulations, the demand for highly effective internal legal departments has increased. These teams are very important in terms of handling legal issues, compliance, and facilitating business processes.

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MatterSuite

SEPTEMBER 11, 2023

Career Advancement Obtaining relevant certifications opens doors to higher-level positions, promotions, and leadership roles within law firms, corporations, and government agencies. Legal professionals dealing with data compliance, privacy laws, and cybersecurity will find this certification invaluable.

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Legal Tech Monitor

MAY 17, 2023

First, see the CLOC-related news I’ve already published: Now here are other announcements that have come out of CLOC: Agiloft Partners with Mitratech Agiloft , the contract lifecycle management (CLM) platform announced a new partnership with Mitratech , a global provider of legal, compliance, and HR software.

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Colin S. Levy

JUNE 5, 2024

For instance, consider a law firm where AI-powered tools automatically sort through discovery documents, identifying relevant information faster than any human could. For example, a law firm could start by integrating AI tools into its research department and gradually extend their use to contract management and client interactions.

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MatterSuite

JULY 31, 2023

Keeping abreast of new laws, regulations, and judicial decisions relevant to the company’s industry is crucial for managing legal risks. By staying informed, legal counsel can identify potential risks and take proactive measures to ensure compliance. In-house legal counsel should work closely with other departments.

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MatterSuite

JULY 9, 2023

Keeping abreast of new laws, regulations, and judicial decisions relevant to the company’s industry is crucial for managing legal risks. By staying informed, legal counsel can identify potential risks and take proactive measures to ensure compliance. Minimizing the potential impact of legal crises on the organization.

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Simple Legal

DECEMBER 7, 2022

The same goes for general contract standards. Simply enter pre-approved language into your legal contract management software, and the platform will automatically flag deviations from those guidelines. Proactively reach out to IT to lend support in navigating the compliance side of all things data privacy.

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Simple Legal

FEBRUARY 15, 2023

From 2020 to 2021, American Lawyer reported the greatest YoY increase in commitment to diversity among major law firms since 2001. And according to the MCCA’s 2021 Law Firm Diversity Survey, new hires from traditionally underrepresented backgrounds increased by 2.3% Growth is slow but steady. from 2019 to 2020.

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LawSites

SEPTEMBER 1, 2021

Onit already has its own suite of products for enterprise legal management, contract lifecycle management, and business process automation. “Tens of billions of dollars of lawyer bills have flowed between our law firm customers and our corporate customers.” ” An Audacious Startup.

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Legal Tech Monitor

OCTOBER 4, 2023

And while the amount of data gradually increased, for some period of time, law firms could deal with the increase by throwing more bodies at it. As the area got more complicated, law firms tried to capitalize on the gravy train by forming their own e-discovery expert teams to handle the requests.

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Colin S. Levy

MARCH 7, 2023

Big Law firms have a reputation for hiring someone or giving someone a title with innovation in the name. To what extent do you think Big Law really is innovating? There are a handful of Am Law 100 firms that are both taking innovation seriously and making strides towards real change, but most are not.

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MatterSuite

MAY 16, 2023

In today’s complex legal landscape, the role of legal operations managers has become increasingly critical. These professionals play a pivotal role in law firms and legal departments by overseeing and optimizing various aspects of operations. times more likely to be successful in their transformation efforts.

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MatterSuite

NOVEMBER 9, 2023

This shift in client preferences has led law firms to reevaluate their business models and adopt client-centric approaches. Competition among Law Firms: The legal market is experiencing heightened competition. Intensifying Competition Among Law Firms The legal market is becoming more crowded and competitive.

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Colin S. Levy

DECEMBER 19, 2023

Tariq Akbar is the CEO of LegalEase Solutions , which offers corporate legal departments and law firms innovative support with regulatory compliance, contract life cycle management, legal analytics, legal research and legal writing. Managing contracts is not new tech, but CLM is — relatively speaking.

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AXDRAFT

JANUARY 13, 2023

While working in an international law firm, he racked up achievements and grew his career. Namely, it was the exhausting and inconvenient nature of contract management. Here are some steps on how to implement Kaizen in your law firm or in-house legal department. In 2021, this number was only 40%.

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3 Geeks and a Law Blog

MAY 12, 2023

Walter, a former attorney and founder of BriefPoint.ai , has leveraged his legal expertise and passion for technology to automate the manual processes that often bog down law firms. Nathan and Bridget’s collaboration epitomizes the intersection of law and technology. Manager CLM. Right there. What you’re doing?

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