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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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The Future of Legal Tech: How Technology Is Transforming the Business of Law

MatterSuite

E-discovery solutions , a significant part of legal tech, were estimated to be a multi-billion-dollar industry. The global e-discovery market size was projected to reach $17.32 It automates the time-consuming process of document review and due diligence. This enhances trust in legal documentation.

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Clio Identifies Small Efficiencies That Can Add Up Big for Law Firm Revenue

Legal Tech Monitor

Additionally, legal professionals on average are working over 25% more cases, recording 35% more billable hours, and billing and collecting over two and a half times more than they did in 2016. Based on its data, Clio said the time law firms spend adding small efficiencies is leading to significant long-term gains. The reason?

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AI’s Future of Legal Productivity and Why You Shouldn’t Be Afraid of It

Legal Talk Network

Using AI strategically at your law firm can be a time, error, and resource saver. Draft Motions and Briefs A study by Bloomberg Law found that 84% of litigators rank drafting motions and briefs as their most time-consuming task. The need to respond quickly to discovery requests promptly adds even more pressure.

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Five Legal Technology Trends of Note From the TechnoLawyer Top Products Awards of 2021

Attorney at Work

With billions documenting their life from the banal to the audacious, these services have become a treasure trove for discovery. Legal research tasks used to fall into one of three groups with time as the limiting factor — doable by any law firm, doable only by large firms such as 50 state surveys, and impossible.

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Automating web compliance is much easier than we believe

Global LegalTech Hub

This is partly because compliance tasks are still performed manually by some teams, and the growing amount of data generated by assets like the company website, social media profiles, and terms and conditions make it nearly impossible to keep track of absolutely everything and stay compliant. Actually, yes. But not in the way you think.

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Legalweek News Roundup Part 1: Reveal, Casepoint, DISCO, ContractPodAi, HaystackID, Repario

LawSites

As has been the case for several years, e-discovery and contract-management companies dominated the news coming out of Legalweek. DISCO Teases AI Chatbot ‘Cecilia’ The discovery company DISCO said it will soon release DISCO Cecilia, an AI chatbot that is designed to enable lawyers to find evidence more quickly and easily.