In the last few years, all industries have been benefiting from an increase in automation, from robotics to software and Artificial Intelligence (AI) solutions to automated processes and tasks. According to different estimations, in the next decade, Artificial Intelligence is thought to replace 16% of jobs. Technologists are busy in their labs innovating advanced versions […]

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We’re seeing new flavors of technology impact just about in every part of our business lives. The practice of law is affected as well: new technology is profoundly changing the way law firms and legal departments operate. On top of that, technology is driving globalization, and the resulting geographic ‘spread’ of business is increasing. This […]

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Getting key data elements extracted from contracts is not an easy chore.  Done manually, you would need to open each and every contract (which in itself is a time-consuming task), search through the full document for many different types of language, and copy and paste into a tool like Excel.  Time studies have shown that […]

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In my earlier blog, I had given 5 steps to choosing a CLS.  Not all CLS’s are created equal.  You may first want to see what you require to manage your contracts.  What salient information do you really have in your legacy agreements? How does it vary? What’s important to you? Do you want to […]

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