Contract management is not a simple task. It should be. It can be. But for many companies it presents a formidable challenge. Outdated, paper-based practices can have damaging legal and business consequences, exposing a company to high costs and liability for contractual and regulatory non-compliance. Companies typically lose between 5% to 40% of value on … Continued
Industry 4.0 is coming for legal departments. From cloud services to artificial intelligence, innovative technologies are changing the way legal teams work. The Fourth Industrial Revolution is also changing companies’ expectations of their legal departments. For some, digital transformation is disconcerting. Lawyers are notoriously risk-averse, which leads to slow adoption of new technologies. Gartner’s Roadmap … Continued
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
Recent months have seen well-publicized developments in the legal industry as Axiom abandoned its IPO plans, and Atrium shut down. Meanwhile, investment continues to pour into LegalTech, and companies such as Linksquares, EverLaw and Eigen score large investment rounds to continue product development and expansion. What gives? Are there commonalities between these two groups? The … 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
Professor Oliver Goodenough, professor of law at Vermont Law School, raises a question about the role of artificial intelligence in the legal profession: Is what lawyers do really special enough to rule out automation?
Everyone likes getting awards. But the most eagerly anticipated end-of-year awards are the annual handing out of the 20 top Legaltech Tweets of 2018. In a landmark year, Twitter reflected radical transformation, distinct voices, wit, and wisdom (as well as lots of other bizarre stuff) within the legal technology space. Congratulations to all the worthy … Continued
LawGeex has picked up a number of awards as we continue our mission to free up lawyers’ time to work faster and more strategically.
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.