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Ep 246: How The Contract Network Is ‘Changing Contracts for Good,’ with Founder and CEO Jim Wagner

LawNext podcast

Almost exactly one year ago, a new legal tech startup, The Contract Network , came out of stealth , with a mission to “radically accelerate the time for contract negotiations'' through an AI-powered contract collaboration platform where all parties to a deal engage in a secure and neutral environment.

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As Companies Rein In Legal Spend, They Are Bullish on Leveraging Legal Tech, Survey Says

LawSites

The survey by contract management company Lexion polled 450 inhouse legal professionals — general counsel, inhouse counsel, legal operations professionals, contract managers, paralegals and others — across various industries. Among its key findings: Too much time spent on low-value tasks. Legal task management.

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What is Legal Operations? A Comprehensive Guide to Streamlining Legal Processes

MatterSuite

By optimizing workflows and eliminating inefficiencies, organizations can experience: Increased Efficiency and Cost Savings: Streamlining legal processes allows legal departments to handle matters more effectively, resulting in reduced cycle times and increased productivity.

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ChatGPT Suggests Promise, New Possibilities for AI and Machine Learning in CLM Platforms

Law Technology Today

Both have been mainstays over the last few years — especially within the realms of contract review and in predictive analytics around judge rulings and the effects of precedent. Divisions that stand to benefit from AI’s facilitated tools include procurement, contract management and sales-focused divisions. The benefit?

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How to Build Strong In-House Legal Team

MatterSuite

Develop a Clear Legal Strategy Once you’ve identified your legal needs, it’s time to develop a clear legal strategy that aligns with your business goals. Invest in legal tech like contract management software, e-discovery tools , and research platforms to empower your in-house legal team.

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Daniel Farris

Colin S. Levy

All of these activities have a time and place within a broader innovation strategy, but none of them replace a meaningful and fulsome plan. Take an area you know well, Colin – Contract Management. One could credibly make similar statements about e-Discovery tools, e-billing and time tracking, etc.

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5 Essential Skills of Successful Legal Operations Managers

MatterSuite

According to the “ 2019 CLOC State of the Industry Survey, ” 63% of legal operations professionals reported using Agile or Lean methodologies to manage legal projects. Additionally, leveraging project management software allows legal operations managers to track progress, allocate resources effectively, and mitigate risks.