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AI is getting proficient at assisting various legal services such as contractmanagement, legal predictions, eDiscovery, and sooner or later courtroom hearings. AI applications are getting to the roots of legal tech and redefining the definition of the legal profession.
New Smart Legal Software Applications from Legal Start-Ups A group of new companies enables intelligent analysis of contracts and “Smart” contractmanagement. I often hear lawyers say these solutions are inferior. Companies such as OpenText are leading the way. This number will continue to increase.
Henchman Elevator Pitch: Legal professionals rarely start from scratch when drafting contracts or negotiating details. They spend at least 60 minutes searching through old contracts or consulting colleagues for relevant precedents. and filters out contracts, no matter how unstructured the database is. (2)
And so that way it’s set, you know, it definitely fits within a certain timeframe. Tom Dunlop (11:23) Yeah, definitely. So we were uploading people learning contracts, we’d summarize them, they were like, great, now what, you know, are you our contractmanagement system, are you a project management system?
Elevator Pitch: Legal professionals rarely start from scratch when drafting contracts or negotiating details. They spend at least 60 minutes searching through old contracts or consulting colleagues for relevant precedents. and filters out contracts, no matter how unstructured the database is. (2) What problem do you solve?
And they were more than happy to hear that. So I, you know, I don’t think you necessarily see that in every community, especially in legal but but it definitely helps us Marlene Gebauer 8:38 True, true. Dorna Moini 18:44 Yeah, definitely. And me stupidly said, because I don’t have enough to do so. So Dorna, shifting to you.
So I think the high points for me, I guess from my, if we want to do it purely on like a physiological reaction would be going into court and winning a motion that I was not expected to win or winning, some sort of whatever was the target of the hearing. Greg Lambert 28:29 Yeah, it definitely is. Manager CLM. What you’re doing?
And they were more than happy to hear that. So I, you know, I don’t think you necessarily see that in every community, especially in legal but but it definitely helps us Marlene Gebauer 8:38 True, true. Dorna Moini 18:44 Yeah, definitely. And me stupidly said, because I don’t have enough to do so. So Dorna, shifting to you.
So I think the high points for me, I guess from my, if we want to do it purely on like a physiological reaction would be going into court and winning a motion that I was not expected to win or winning, some sort of whatever was the target of the hearing. Greg Lambert 28:29 Yeah, it definitely is. Manager CLM. What you’re doing?
I mean, to your point that I bet you you’ll have people stay the whole time, just because they want to hear, you know, what interests people, you know, what are they doing on, you know, both in and Legal Operations, and also in law firms? Greg Lambert 18:37 It definitely feels like real change. We’d love to hear from you.
I mean, to your point that I bet you you’ll have people stay the whole time, just because they want to hear, you know, what interests people, you know, what are they doing on, you know, both in and Legal Operations, and also in law firms? Greg Lambert 18:37 It definitely feels like real change. We’d love to hear from you.
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