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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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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LawSites

NOVEMBER 18, 2022

The survey by contract management company Lexion polled 450 inhouse legal professionals — general counsel, inhouse counsel, legal operations professionals, contract managers, paralegals and others — across various industries. Among its key findings: Too much time spent on low-value tasks.

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Percipient

JANUARY 21, 2025

You know how reviewing contracts can be a total time sink? Contract redlining software solves these problems by taking over the most tedious parts of the process. You can track changes, collaborate in real time, and always know youre working on the right draft. What Is Contract Redlining Software?

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Colin S. Levy

NOVEMBER 5, 2024

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.

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e-discovery Analytics Legal tech Legal tech 88

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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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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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. They can customize each board with columns so that staff members can track or manage the development of a case.

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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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LawSites

DECEMBER 9, 2021

For many in corporate legal, the principal tool for managing in-flight contracts — those in the process of negotiation — is Outlook, and the back-and-forth of emails and redlines serves as the primary notification of what needs to be done next. It also now shows the turn tracking and turn histories described above.

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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? 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.

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Bigfork Tech

AUGUST 19, 2024

Streamlined Contract Lifecycle Management Contracts are the lifeblood of legal operations. However, managing them can be a complex, time-consuming task involving multiple stages from creation to execution and renewal. ALOE simplifies this process by automating key aspects of the contract lifecycle.

Legal tech 52

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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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Ron Friedmann

JUNE 17, 2020

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. And we needed, at the same time, to build an infrastructure for longer term scalability. Prioritization: balancing short- and long-term.

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Bigfork Tech

NOVEMBER 19, 2024

How Our Contract Lifecycle Management Platform Can Help Ease the Stress of Work During Stressful Times Life can feel overwhelming at times. Work can often add to the pressure, leaving you feeling like you’re always chasing deadlines, managing projects, or keeping track of endless paperwork.

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LawSites

DECEMBER 9, 2021

For many in corporate legal, the principal tool for managing in-flight contracts — those in the process of negotiation — is Outlook, and the back-and-forth of emails and redlines serves as the primary notification of what needs to be done next. It also now shows the turn tracking and turn histories described above.

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Legal Tech Blog

OCTOBER 13, 2023

Evisort’s bespoke LLM will be a key component of the company’s new, multi-faceted generative AI engine, combining third-party and proprietary technology to bring unparalleled innovations to contract management. Der Beitrag Evisort Creates First LLM for Contracts and Launches New AI Engine erschien zuerst auf Legal Tech Blog.

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Contract management Time-tracking Legal tech Legal tech 62

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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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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MatterSuite

JULY 27, 2023

Tracking billable hours helps assess the productivity and utilization of lawyers and enables accurate billing to clients. Turnaround Time: Turnaround time measures the speed at which legal tasks or projects are completed. It is particularly important for time-sensitive matters, such as contract reviews or court filings.

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Law Technology Today

JULY 25, 2023

Divisions that stand to benefit from AI’s facilitated tools include procurement, contract management and sales-focused divisions. It can reshape how contract managers become more efficient in their day-to-day work. These tools will be capable of parsing through contracts and churning out improved rights summaries.

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Bigfork Tech

DECEMBER 2, 2024

5 Reasons to Be Thankful for ALOE: Transforming Contract Lifecycle Management As the season of gratitude rolls in, there’s no better time to reflect on what makes your professional life easier, smoother, and more efficient. ALOE automates these time-consuming processes, freeing you up to focus on higher-value tasks.

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Bigfork Tech

OCTOBER 15, 2024

These tools have proven vital in ensuring continuity and efficiency during challenging times. Difficulty in tracking contract management stages. Navigate the Challenges of Hybrid Work While many firms have adopted cloud solutions, hybrid work poses unique challenges. Compliance and reporting hurdles.

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MatterSuite

JUNE 15, 2023

From marketing and client acquisition to time management and billing practices, this podcast provides actionable insights. “ The Productive Woman ” podcast offers practical strategies for enhancing productivity, managing time effectively, and finding work-life harmony.

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AXDRAFT

JANUARY 20, 2023

Got no time to read? Other Challenges CLM Can Resolve for SaaS Companies Contract management has different challenges, and security is not the only area that contract lifecycle management solutions can help with for SaaS. Losing track of data The more clients you have, the more information you need to track.

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MatterSuite

JUNE 15, 2023

From marketing and client acquisition to time management and billing practices, this podcast provides actionable insights. “ The Productive Woman ” podcast offers practical strategies for enhancing productivity, managing time effectively, and finding work-life harmony.

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Bigfork Tech

JUNE 25, 2024

From assigning projects to tracking contract lifecycles, this feature not only saves time but also enhances productivity by reducing manual intervention. Teams can monitor progress via a collaborative workspace and intuitive dashboard, allowing for real-time updates on project statuses.

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MatterSuite

FEBRUARY 6, 2024

This structured storage system ensures that documents are readily accessible and systematically arranged, reducing the time spent searching for critical information. Tracking and documenting changes is vital, especially in legal documents, ensuring compliance and accuracy by maintaining a clear audit trail of alterations.

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MatterSuite

FEBRUARY 6, 2024

This structured storage system ensures that documents are readily accessible and systematically arranged, reducing the time spent searching for critical information. Tracking and documenting changes is vital, especially in legal documents, ensuring compliance and accuracy by maintaining a clear audit trail of alterations.

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AXDRAFT

FEBRUARY 17, 2023

Regardless of the industry, there are always two sides to every deal, and you’ve likely been on both at one time or another. Consequently, the way you manage both sell-side and buy-side contracts directly impacts the success of your business. New to contracting?

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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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Bigfork Tech

FEBRUARY 22, 2023

Many organizations have used stopgaps to help the legal department manage requests, like online or paper/PDF forms for the requestors to fill out. ALOE has improved the system with automation so that the legal department can get the information it needs from requestors (and stop spending time chasing down information).

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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. Litigation Oversight : Managing any litigation or disputes the company is involved in, working with external counsel when necessary.

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LawNext podcast

APRIL 22, 2024

Almost exactly one year ago, a new legal tech startup, The Contract Network , came out of stealth , with a mission to “radically accelerate the time for contract negotiations'' through an AI-powered contract collaboration platform where all parties to a deal engage in a secure and neutral environment.

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Legodesk

FEBRUARY 15, 2022

It can improve communication between lawyers and clients, reduce the time spent on administrative tasks, and allow you to focus on more important matters. In addition, automating your workflow can help you to better keep track of deadlines, manage files, and coordinate negotiations.

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