This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Between tracking deadlines, chasing approvals, and making sure everything is airtight, contractmanagement can quickly turn into a headache. Thats why contractmanagement software exists. And legal teams are catching on 67% are actively investing in contractmanagement tools , according to a recent joint study.
Legal teams are no longer just advisors on regulatory compliance or dispute resolution—they are now key players in data governance, risk management, and strategic decision-making. This involves more than just skimming through compliance dashboards; it requires diving into how data is collected, processed, and stored.
3 Ways ALOE Relieves Pain Points Beyond ContractsContract Lifecycle Management (CLM) solutions are often thought of solely for handling contractsdrafting, negotiating, executing, and storing them. If you’re only using a CLM for contracts, you’re missing out on solutions ALOE can provide.
it's important to remember that complex litigation produces vast amounts of data. ContractManagement Systems Contractmanagement systems streamline entire contract lifecycles from their creation to their execution and eventual storage in one easily accessible location.
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. Here is a link to a video demo.
That’s why contractmanagement affects everyone involved, from workers and clients to partners and third parties. The protection and monitoring of contracts minimises risk, reduces the time invested and maximises the benefits for the company. This maximises the project’s economic benefit while limiting any associated risks.
Its like giving the system a library of past contracts, case outcomes, or legal trends to analyze so it can make better predictions and decisions. For instance, machine learning can predict litigation risks based on similar cases, identify trends that might impact a client, or flag unusual clauses in contracts that might need extra attention.
ContractManagementContractmanagement is a huge part of any legal professional’s daily routine. With the help of AI, the process of contractmanagement becomes seamless. By automatically reviewing, drafting and analyzing contracts, artificial intelligence will enhance case management.
A slingshot for launching litigation? These are just some of the products available through the new online store LawLawLand , launched by the contractmanagement company SpotDraft. I mean, what litigator wouldn’t want the “Subpoena Supper Apron,” with the tagline, “I grill before I sue”?
Imagine a world where your in-house legal team can predict litigation outcomes, automate tedious document reviews, and ensure compliance with evolving regulations—all while cutting costs and boosting efficiency. ContractManagement Solutions Legal AI tools like Kira Systems and Luminance are leading the way in contractmanagement.
Imagine a world where your in-house legal team can predict litigation outcomes, automate tedious document reviews, and ensure compliance with evolving regulations—all while cutting costs and boosting efficiency. ContractManagement Solutions Legal AI tools like Kira Systems and Luminance are leading the way in contractmanagement.
He was visually shaken about the potential of ediscovery to overwhelm the system and the costs it could bring to litigation. In addition, discovery techniques were increasingly used for regularity compliance, which is also deadline driven. I first heard of the topic at a conference where the General Counsel of Microsoft spoke.
ContractManagement : Managing all contractual relationships, from negotiations to execution and enforcement, ensuring that contracts serve the best interests of the company. Litigation Oversight : Managing any litigation or disputes the company is involved in, working with external counsel when necessary.
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.
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.
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.
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. Integrate compliance efforts effectively into the company’s operations.
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. To identify potential legal vulnerabilities.
ManagingCompliance and Risk Mitigation: As legal authorities turn a sharper focus on the company and its business, the GC establishes structures for managingcompliance issues that threaten the firm. They are proactive in providing their insights for the strategic direction of the organization.
Everlaw Announces Visual Intelligence and Automation Updates The ediscovery and litigation company Everlaw unveiled three new features at Legalweek: Communication Visualizer, Video Depositions and Cloud Connectors for Zoom. Now here is part two. Disclosure: My son is a MyCase employee.]
Tasks like contractmanagement, legal review, compliancemanagement, document creation, and more can be automated using a variety of legal tech tools. Risk Management and Compliance As the legal industry is becoming more tech-oriented, the need for risk and compliancemanagement is on the rise.
If budget constraints are an issue, link risk management and legal processes to tangible business outcomes to justify investments in technology that supports this reporting. Governance and Compliance. Reporting on governance and compliance highlights the critical aspects of your department’s work beyond contracts and litigation.
With the goals of automating the litigation process from response to appeal, Walter and Albeiro are focused on removing the mundane tasks, such as typing, from the process and allowing the attorneys to focus more on their legal experience and expertise over the grunt work that takes up too much of their time already.
Legal departments play a crucial role in contractmanagement, and tracking this KPI helps identify process inefficiencies and potential delays. By reducing contract cycle time, legal professionals can enhance their organization’s ability to seize business opportunities. By monitoring client satisfaction, KPIs.
These teams play a pivotal role in safeguarding a company’s interests, managing risks, and ensuring compliance with laws and regulations. This involves identifying the areas of law that are most relevant to your business, such as employment law, compliance, and litigation.
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.
The Role of Legal Operations Tools Legal operations tools offer tailored project management support specifically designed for legal departments dealing with IP. These tools are adept at tracking various fields and dates related to IP applications, litigations, and enforcement.
Compliance with Evolving Regulatory Standards The legal landscape is marked by constantly evolving regulatory standards and compliance requirements. Tracking and documenting changes is vital, especially in legal documents, ensuring compliance and accuracy by maintaining a clear audit trail of alterations.
Compliance with Evolving Regulatory Standards The legal landscape is marked by constantly evolving regulatory standards and compliance requirements. Tracking and documenting changes is vital, especially in legal documents, ensuring compliance and accuracy by maintaining a clear audit trail of alterations.
As has been the case for several years, e-discovery and contract-management companies dominated the news coming out of Legalweek. See also my posts this week about the expansion of Law.com Radar and about two surveys from LexisNexis on generative AI and litigation analytics. Here is part two.
Definition of Buy-Side Contracts In simple words, buy-side contracts are agreements that define the receipt of goods or services in exchange for something in return, typically money. No matter which industry your company is in, there are always departments such as procurement, outsourcing, and others that deal with buy-side contracts.
As has been the case for several years, e-discovery and contract-management companies dominated the news coming out of Legalweek. See also my posts this week about the expansion of Law.com Radar and about two surveys from LexisNexis on generative AI and litigation analytics. Here is part two.
He was visually shaken about the potential of ediscovery to overwhelm the system and the costs it could bring to litigation. In addition, discovery techniques were increasingly used for regularity compliance, which is also deadline driven. I first heard of the topic at a conference where the General Counsel of Microsoft spoke.
Imagine your legal team as the backbone of your organization, responsible for ensuring compliance, mitigating risks, and driving strategic initiatives forward. Utilization of Technology Leveraging technology like litigationmanagement , document management like MatterSuite is essential for optimizing workflows.
Anna worked as an attorney-at-law in an international litigation practice for over ten years, amongst others at the top-tier Dutch law firm NautaDutilh. You have an interesting background - from international litigation lawyer to now a legal designer and founder of Aclara Legal Design.
Founded in 2016, NRF Transform seeks to reengineer conventional legal services to make them more efficient and effective, while also investing in "new law" services including legal technology, legal operations, compliance, and RegTech. Take an area you know well, Colin – ContractManagement.
Everlaw Announces Visual Intelligence and Automation Updates The ediscovery and litigation company Everlaw unveiled three new features at Legalweek: Communication Visualizer, Video Depositions and Cloud Connectors for Zoom. Now here is part two.
With the goals of automating the litigation process from response to appeal, Walter and Albeiro are focused on removing the mundane tasks, such as typing, from the process and allowing the attorneys to focus more on their legal experience and expertise over the grunt work that takes up too much of their time already.
The natural language processing has found its way into many, many, many products from eDiscovery, to due diligence to legal research, litigation, analytics and prediction, all types of legal tech tool, but it hasn’t been absolutely transformative. So you know, organizations like contract, pod AI, started to bring in AI.
The natural language processing has found its way into many, many, many products from eDiscovery, to due diligence to legal research, litigation, analytics and prediction, all types of legal tech tool, but it hasn’t been absolutely transformative. So you know, organizations like contract, pod AI, started to bring in AI.
Elevator pitch: Judges are like the umpires of the courtroom, but litigators lack the information they need to understand the parameters of each umpire’s strike zone. As a private-public partnership through the UC Berkeley Skydeck, we have been connecting over 10,000 attorney and 12,000 litigation support providers in real time.
Elevator pitch: Judges are like the umpires of the courtroom, but litigators lack the information they need to understand the parameters of each umpire’s strike zone. As a private-public partnership through the UC Berkeley Skydeck, we have been connecting over 10,000 attorney and 12,000 litigation support providers in real time.
VoiceScript Ai.Law Elevator Pitch: Provides AI-generated litigation documents, from pleadings to discovery. We are the first AI-driven platform to focus specifically on drafting litigation documents. The substantial amount of time lawyers spend drafting documents during litigation. What makes you unique or innovative?
VoiceScript Elevator Pitch: Provides AI-generated litigation documents, from pleadings to discovery. We are the first AI-driven platform to focus specifically on drafting litigation documents. The substantial amount of time lawyers spend drafting documents during litigation. What makes you unique or innovative? Anything else?
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content