How AI can improve modern contract management

DocuSign’s legal chief highlights that the more interconnected a contracting workflow is, the more opportunities AI has to learn from the system and accelerate individual steps.

By Jim Shaughnessy • March 20, 2023

How legal departments can get the most out of artificial intelligence

Once you understand that AI is not going to replace human talent, it becomes more obvious that you need the right people to get the most out of the technology.

By Abhishek Mittal • March 15, 2023

The benefits of a combined ELM and CLM platform

For legal teams grappling with more demands on their time and stricter budgets, it’s critical to harness the right resources and connect those resources strategically.

By Aaron Pierce • March 9, 2023

Contracts-focused tech companies secure new investments

SpotDraft, LexCheck, Robin AI, SirionLabs and Henchman have all announced multi-million dollar funding rounds amid an uncertain economy.

By Lyle Moran • March 7, 2023

Generative AI a ‘game-changer’ but businesses are worried about the ethics

Seven in 10 executives also believe enterprise use of generative AI means exposing company data to new security risks.

By Roberto Torres • March 6, 2023

How legal teams are using Luminance for AI-powered automation

Koch and the Big Four accountancies are among the customers using the platform to assist with contract generation and review.

By Lyle Moran • March 6, 2023

As outside costs rise, teams look closer at in-house eDiscovery

A quarter of legal leaders are planning to use fewer firms this year and another 41% say they’re considering it, a legal tech company report says. 

By Robert Freedman • March 3, 2023

Brightflag launches new legal invoice validation tool

The company said its AI-powered product for in-house teams instantly determines whether the information submitted by outside vendors is correct.

By Lyle Moran • Feb. 21, 2023

4 roadblocks to business adoption of generative AI

As company leaders gauge the risks and rewards of models like ChatGPT, they first need to address critical friction points.

By Lindsey Wilkinson • Feb. 14, 2023

How Ironclad uses GPT-3 to assist with contract redlining

The CLM provider worked with OpenAI to produce a feature designed to boost the speed and consistency of contract review.

By Lyle Moran • Feb. 9, 2023

How to improve the way vendors use your data

Legal departments should demand that vendors report on data in a way that can be measured and clearly reported, in a format that works with a data visualization tool. 

By Mollie Nichols • Feb. 8, 2023

Most employees using ChatGPT, other AI tools for work aren’t telling their bosses

The rise of ChatGPT and other generative AI programs has the potential to change a number of industries, but such tools also have limitations.

By Ryan Golden • Feb. 7, 2023

Alternative legal services market tops $20B

In-house legal departments are increasingly using ALSPs for regulatory compliance work, legal research and e-discovery services, a new report found.

By Lyle Moran • Feb. 3, 2023

How one-person legal teams can scale their efforts

Creating a legal intake process and implementing a CLM system can generate efficiencies that support a company’s growth, Mattermost’s VP of Legal says.

By Lyle Moran • Jan. 31, 2023

2023 outlook: Legal spend tools expected to gain greater traction

In-house legal departments are increasingly using tech solutions that provide real-time information about outside counsel spending.

By Lyle Moran • Jan. 24, 2023

Netflix ops leader says don’t be rushed into legal transformation

Creating long-term efficiencies and building in data analytics takes years, so legal operations professionals are advised to plan carefully and start small. 

By Robert Freedman • Jan. 23, 2023

Roundup: Legal tech companies make news early in 2023

LiquidText, Evisort, Exterro, Everlaw, AbacusNext and Casepoint announced updates about their legal software businesses.

By Lyle Moran • Jan. 20, 2023

Don’t let over-analysis slow system launches, says legal ops pro

Waiting until you’ve fully tested a tool or process can keep you from benefiting from data that only comes in from actual use.

By Robert Freedman • Jan. 19, 2023

Recession-proofing: Reduce revenue loss from poor contract management

Implementing a CLM strategy can serve as a self-funding transformation project by making companies more agile and better able to handle economic uncertainty.

By Rajeev Kumar • Jan. 18, 2023

How software can help businesses bring immigration work in-house

The Formally technology platform walks legal teams through the steps necessary to hire and retain immigrant employees in the U.S.

By Lyle Moran • Jan. 17, 2023

CLM provider Agiloft launches new training program for contract pros

The contract lifecycle management company said its university-style offering will help legal professionals develop business-critical skills.

By Lyle Moran • Jan. 12, 2023

How to use software to strengthen data privacy compliance

Exterro says its Smart Data Inventory solution helps companies keep up with evolving laws, including by indicating when privacy impact assessments are required.

By Lyle Moran • Jan. 10, 2023

6 in-house legal trends to watch in 2023

Legal chiefs will be expected to do more with less even while operational costs rise and compliance risks grow.

By Robert Freedman and Lyle Moran • Jan. 6, 2023

Lexion leverages GPT-3 technology to assist attorneys with contracts

The software company said its new AI-powered tool will speed up contract turnaround times by generating clause language and producing suggested redlines.

By Lyle Moran • Dec. 21, 2022

Lawsuit search engines can open window into companies’ legal cases

By surfacing lawsuits without the commentary, those with an interest in a company can get an objective look at what’s going on.

By Kaylee Zhu • Dec. 21, 2022