How to Ensure Contract Compliance
Many companies across industries devote a large portion of their spending to contracts. The global management consulting firm McKinsey & Company found that in the utilities, aerospace, defense, and food manufacturing industries, companies lock up at least 90 percent of their annual revenues in contracts.
While the upfront costs of artificial intelligence (AI) and the idea of robot attorneys may be off-putting to some, both legal service providers and their clients can benefit from significant cost savings over time when investing in legal AI.
How AI Accelerates the Legal Contract Drafting Process
Artificial intelligence (AI) has changed how we operate in almost every facet of our lives. From digital assistants that anticipate when to order paper towels to cars that can drive themselves, AI is everywhere.
Artificial intelligence (AI) is taking the business world by storm. AI systems can ingest, filter, and react to data in a variety of ways.
How Artificial Intelligence Is Transforming the Legal Profession
The legal sector has a general reputation for being conservative when it comes to technology. Not anymore. The landscape is rapidly changing.
The Emerging Issues Facing Procurement
In its most general sense, procurement is the act of buying products or services from suppliers at competitive prices. These products and services can include anything such as raw materials, equipment, supplies, facilities, and labor.
How Technology-Assisted Review (TAR) Can Enhance eDiscovery
In the past decade, technology-assisted review (TAR) has become a standard tool in eDiscovery, the legal practice of collecting and producing evidence electronically.
What Are the Barriers to Entry for Using AI in Law?
We can ask Siri, Alexa or Google to tell us how our favorite team did last night or what the weather will be like tomorrow.
How to Choose the Right Contract Management Software for You
Contracts are an essential part of any legal office. If your law practice drafts contracts, conducts due diligence or does compliance work on behalf of your clients, you likely process hundreds, if not thousands, of contracts per year.