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Checklist for the Negotiation of Digital Subscriptions – Budget Control and Risk Management Strategies

Dewey B Strategic

There has been a proliferation of specialty products targeting specific practice areas or workflows from topics as diverse as credit default swaps, social media monitoring, and predictive litigation analytics. Realistically the due diligence assessment should begin at least 6 months before the end of the contract.

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Checklist for the Negotiation of Digital Subscriptions – Budget Control and Risk Management Strategies

Legal Tech Monitor

There has been a proliferation of specialty products targeting specific practice areas or workflows from topics as diverse as credit default swaps, social media monitoring, and predictive litigation analytics. Realistically the due diligence assessment should begin at least 6 months before the end of the contract.

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Rethinking Law Firm Strategy: The Road to Growth and Success with Toby Brown and Nita Sanger (TGIR Ep. 200)

3 Geeks and a Law Blog

So yes, you certainly you definitely need someone who’s thinking from that point of view, because and I know a lot of time, people tend to think maybe it’s the COO. We had other due diligence factors as part of this portability of the work, it was far more an m&a approach. So that’s why you need that strategy person.

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Summarizing Success with Summize’s Tom Dunlop and Laura Proctor

Legal Tech Monitor

Tom Dunlop shares the frustrations that sparked the idea for Summize, recounting his days as an in-house lawyer overwhelmed by the manual review of locked PDF contracts during due diligence. And so that way it’s set, you know, it definitely fits within a certain timeframe. Tom Dunlop (11:23) Yeah, definitely.

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Legaltech adoption barriers. How many apply to your organisation? Findings from Legatics’ Innovate UK reports

lawtomated

That said, the two approaches are probably complimentary, for instance combining transaction management technology with a due diligence analysis tool. A trainee, like any human, is exceptionally suited to certain tasks that remain unmatched by tech, for instance analytical critical reasoning.

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Rethinking Law Firm Strategy: The Road to Growth and Success with Toby Brown and Nita Sanger (TGIR Ep. 200)

Legal Tech Monitor

So yes, you certainly you definitely need someone who’s thinking from that point of view, because and I know a lot of time, people tend to think maybe it’s the COO. We had other due diligence factors as part of this portability of the work, it was far more an m&a approach. So that’s why you need that strategy person.

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Projections for Legal Tech and Innovations in 2024 (TGIR Ep. 232)

3 Geeks and a Law Blog

Their responses range from predictions that AI will help automate legal workflows and build tools faster, to allowing for better data analytics and metrics to improve client relationships and retention. And so you know, we shouldn’t be running kind of headlong into some of this new technology without, you know, doing our due diligence.