Crisis-oriented or just the usual daily routine, the daily work of legal experts has become more results-driven and requires a greater emphasis on efficiency and improved processes. Adopting technology can be the first step towards this, especially for reviewing routine contracts like NDAs, SLAs, or DPAs. These contracts specify the binding agreement between parties and form … Continued
The legal industry is evolving at breakneck speed. Legal departments are expected to run as a business and drive cost-effective processes that benefit the entire organization. General counsels too are required to invest in the operational support of the department, and legal operations has emerged as the glue that holds the various functions and … Continued
In a landmark study, 20 top US corporate lawyers with decades of experience in corporate law and contract review were pitted against an AI. Their task was to spot issues in five Non-Disclosure Agreements (NDAs), which are a contractual basis for most business deals.
Lauri Donahue, Director of Legal Content at LawGeex As we blogged about back in the day, Many people make others sign non-disclosure agreements (NDAs) before they reveal their business ideas to them. They assume that an NDA will prevent the other party from using or revealing their ideas.
Noory Bechor, CEO, and co-founder of LawGeex In 2018, LegalTech investments are rapidly closing in on the $1billion mark, with three months of the year still remaining.
Online training has become ubiquitous. This learning, entirely through the internet, has grown with the popularity of multimedia elements gamifying study through graphics, audio, quizzes, and video.
Lauri Donahue, LawGeex’s Director of Legal Content, on a game-changing tool that streamlines contract review I remember the first time I was asked to review a contract. It was more than 30 years ago, and I was fresh out of law school, working in my first legal job. Like most law students — then and … Continued
We asked our friends at the International Association for Contract & Commercial Management (IACCM) how much a contract costs a business. Tim Cummins, President of the IACCM, says inefficiency is pushing up the price of getting a basic contract signed. Here we are in 2017, with businesses focusing on automation and agility. So surely operational … Continued