Artificial Intelligence (AI) is infallible, and a great tool for legal departments requiring efficiency and faster delivery of legal work. AI can transform the litigation space, offering legal departments dealing with lawsuits a faster way to research and get evidence. Every minute is precious in litigation!
Time is a… precious resource, yet it’s squandered when lawyers manually assign and track tasks others can do more effectively and at a lower cost.
Legal departments that have developed a high-efficiency approach for handling disruptive events are essentially making one tradeoff for every three in a low-efficiency department.
It is practically impossible to review all the data manually, since investigations regularly involve more than ten terabytes of data – that’s the equivalent of 80 sea containers filled with paperwork.
We wanted contracts to take up less space so we could carry them around. And we wanted to spend less time dealing with them.
Artificial Intelligence (AI) is legal’s current disruptor. It modernizes legal processes, with a focus on improving current contracting methods. AI-powered Contract Lifecycle Management (CLM) provides cutting-edge capabilities in contracting to drastically improve processes. This article explores 5 key differences that set AI-powered CLM apart.
An alternative legal service provider (ALSP) is a company that offers legal services outside the traditional law firm or vendor model. ALSPs can offer a wide range of legal services, including document review, contract management, legal research, and other tasks typically performed by lawyers.
In 2021, the average cost of a data breach reached $4.24 million.
According to the Harvard Business Review, there were around 5 global regulatory changes per day in 2022 and that number is only rising. Legal departments play a key role in ensuring their companies are up-to-date and compliant with rapidly changing global regulatory and compliance issues.
There has been exciting evolution on the contract lifecycle management (CLM) front – proving the tech solution of tomorrow is here now.