Remove Contract management Remove Machine learning Remove Time-tracking
article thumbnail

ChatGPT Suggests Promise, New Possibilities for AI and Machine Learning in CLM Platforms

Law Technology Today

While the public is getting acclimated to flashy advancements in artificial intelligence (AI) and machine learning (ML), these technologies are nothing new to the legal industry. Divisions that stand to benefit from AI’s facilitated tools include procurement, contract management and sales-focused divisions. The benefit?

article thumbnail

What Is AI Contract Management?

Percipient

Keeping track of contracts can quickly become overwhelmingevery deadline, clause, and renewal demands attention. Yet, research shows that 81% of businesses plan to implement automation to their contract management processes. How Does AI Work in Contract Management?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Best Automated Contract Management Software Tools in 2025

Percipient

Contract management is one of those tasks that takes way longer than it shoulddrafting, approvals, negotiations, and endless back-and-forth emails can drag on for weeks. Automation of contract management processes accelerates negotiation cycles by 50%, according to Weshare. What Is an Automated Contract Management Tool?

article thumbnail

Data Literacy: A Critical Skill for Legal Professionals

Colin S. Levy

Leveraging Litigation Analytics Litigation is data-intensive, and making sense of this data is crucial for managing risks effectively. GCs and their teams should begin by gathering and analyzing historical litigation data, not as a one-time exercise but as an ongoing practice.

article thumbnail

How Government Agencies Legal Teams Can Achieve More with Technology

MatterSuite

But here’s the question: How can technology empower these teams to make a genuine difference, far beyond simply keeping up with the times? Traditional paper-based systems can be time-consuming, inefficient, and prone to errors. And action holds the power to profoundly impact lives and society as a whole.

article thumbnail

7 Best Contract Review Tools to Speed Up Your Process

Percipient

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.

article thumbnail

7 Best Legal AI Tools or Applications for In-House Legal Teams

MatterSuite

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.