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 tools simplify the process, helping teams identify risks, edit agreements, and stay organized.

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Percipient

JANUARY 28, 2025

Instead of spending hours going through legal documents, AI tools allow you to focus on making better decisions and saving time. 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?

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MatterSuite

FEBRUARY 28, 2025

In contract law, a breach can be as simple as failing to make a single payment, missing a deadline, or delaying required reporting tasks. What situations lead to a contract breach? A breach of contract can only occur when there is a legally binding agreement in place, meaning that there is something to uphold and enforce.

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LawSites

NOVEMBER 3, 2021

Last year, I wrote here about 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. The dashboard tracks all contracting activity and all version histories. Targeting Mid-Market.

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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% What Is Contract Review Automation? of their revenue each year.

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LawSites

NOVEMBER 3, 2021

Last year, I wrote here about 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. The dashboard tracks all contracting activity and all version histories. Targeting Mid-Market.

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Bigfork Tech

DECEMBER 17, 2024

This is where our contract lifecycle management (CLM) platform, ALOE, comes in, empowering lawyers to embrace a hybrid work model that fosters flexibility, efficiency, and balance. The Problem: Work-Life Imbalance in Law The legal profession has long been notorious for grueling hours.

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Attorney at Work

SEPTEMBER 15, 2022

McElroy at Procter & Gamble circulated a memo that envisioned an employee who would be responsible for every facet of brand development — everything from tracking sales to advertising, promotion and product development. An Accidental Project Manager. Related: “Five Ways to Start Using Evernote in Your Law Practice.”)

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LawSites

OCTOBER 12, 2021

Upload 10,000 contracts today and nearly instantly visualize critical contract data and key metrics. That is what contract management company Evisort says its customers can now do with the launch today of its new Intelligent Dashboarding. Related: On LawNext, Evisort CEO Jerry Ting on the Future of CLM and Contracts Tech.

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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. De-Prioritization: we have to give permission to give lawyers time to work on all this.

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MatterSuite

JUNE 12, 2023

But here’s the question: How can technology empower these teams to make a genuine difference, far beyond simply keeping up with the times? Join us as we embark on a journey where the convergence of law and technology unveils a transformative potential. And action holds the power to profoundly impact lives and society as a whole.

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Colin S. Levy

MARCH 7, 2023

The contract document is a legal artifact. Realizing the benefits from contract lifecycle management takes preparation, time, and effort. Perhaps your goal is more transformative and depends on finding a tech-based solution so that your contract management function can best meet today’s and tomorrow’s business needs.

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Legodesk

FEBRUARY 15, 2022

Automating your law firm’s workflow can have a number of benefits. It can improve communication between lawyers and clients, reduce the time spent on administrative tasks, and allow you to focus on more important matters. Read Also – How does cloud accounting software help law firms?

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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. It can improve communication between lawyers and clients, reduce the time spent on administrative tasks, and allow you to focus on more important matters.

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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. Streamlined Contract Lifecycle Management Contracts are the lifeblood of legal operations.

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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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MatterSuite

JULY 9, 2024

Best Tools for In-House Legal Teams The best tools for in-house legal teams are designed to streamline various aspects of legal operations, from contract management to e-discovery. Contract Management Solutions Legal AI tools like Kira Systems and Luminance are leading the way in contract management.

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MatterSuite

JULY 9, 2024

Best Tools for In-House Legal Teams The best tools for in-house legal teams are designed to streamline various aspects of legal operations, from contract management to e-discovery. Contract Management Solutions Legal AI tools like Kira Systems and Luminance are leading the way in contract management.

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MatterSuite

JUNE 15, 2023

The Law Entrepreneur: Are you considering starting your own law firm or venturing into legal entrepreneurship? Look no further than “ The Law Entrepreneur ” podcast. The Un-Billable Hour: Managing the business side of a law practice can be challenging.

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MatterSuite

JUNE 15, 2023

The Law Entrepreneur: Are you considering starting your own law firm or venturing into legal entrepreneurship? Look no further than “ The Law Entrepreneur ” podcast. The Un-Billable Hour: Managing the business side of a law practice can be challenging.

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LawSites

SEPTEMBER 7, 2023

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. Automatically identify discrepancies between metadata and contracts.

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MatterSuite

JULY 29, 2023

Automation of Routine Tasks : Legal professionals often find themselves burdened with repetitive and automated time-consuming tasks. Legal technology tools, such as document management systems and contract lifecycle management software, enable the automation of these routine tasks.

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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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Clio

MARCH 25, 2024

Understanding the intricacies of law firm economics is crucial for a firm’s long-term success and profitability. By gaining a deeper understanding of law firm finances and what it takes to sustainably grow a legal practice, law firms can make informed decisions and navigate the challenges of the legal industry with confidence.

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Law Technology Today

JULY 25, 2023

Unsurprisingly, they have inspired breathy predictions about what these advancements mean for the future of many sectors, including the law. To be frank, those predictions are not precisely pie high in the sky; the promise of this technology is incredibly ripe for upending how legal departments approach contract lifecycle management (CLM).

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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. These tools have proven vital in ensuring continuity and efficiency during challenging times.

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MatterSuite

SEPTEMBER 2, 2024

Risk Management : Identifying potential legal risks and implementing strategies to mitigate them, ensuring the company remains compliant with relevant laws and regulations. The ideal candidate will have a deep understanding of corporate law, risk management, and corporate governance.

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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. Bridget’s work is critical in crafting an interface that enables lawyers to accomplish more work in less time, truly maximizing the benefits of AI integration.

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MatterSuite

JUNE 18, 2023

By optimizing workflows and eliminating inefficiencies, organizations can experience: Increased Efficiency and Cost Savings: Streamlining legal processes allows legal departments to handle matters more effectively, resulting in reduced cycle times and increased productivity.

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Simple Legal

FEBRUARY 15, 2023

Plus, you don’t have to waste precious time creating training materials in-house. The learning resources from your tech provider can be combined with your own internal knowledge management strategy — so your team can access a robust library of resources to get the most out of your legal ops software. Growth is slow but steady.

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Simple Legal

APRIL 27, 2023

What’s worse — according to Bloomberg Law, more than 70% of legal ops respondents claim they don’t know or aren’t sure about a process to evaluate their legal tech. This creates a single source of truth and improves efficiency, automating manual processes like data entry and saving time spent switching between apps and programs.

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Simple Legal

DECEMBER 7, 2022

Investing time and energy into this improved collaboration will support the overall health and success of the business and demonstrate the value of legal ops. When finance and legal are proactive and keep legal budgets on track, both teams can better support the financial health of the organization. For sales, time is money.

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Clio

MARCH 19, 2024

It encompasses a variety of activities that do not require a license to practice law, such as strategic planning, project management, financial management, and technology implementation and management. As for the required training and skill sets, it is best to not limit yourself to employees with law degrees.

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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. Rather than rightsizing, legal practices should focus on equipping the right people with the right skills for the right tasks at the right time.

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MatterSuite

OCTOBER 7, 2024

As we approach 2025, it’s time to sit and evaluate legal trends for the upcoming year. To save you time and hassle we have created a list of 2025 predictions aka legal industry trends that will be dominating in the industry for upcoming years. These tasks are time-consuming and limit the ability to produce high-quality work.

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MatterSuite

OCTOBER 12, 2023

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.

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