LawGeex, the leading AI contract review platform for businesses, has today launched The In-House Counsel’s LegalTech Buyers Guide – a free, downloadable guide that showcases more than 100 must-know technology solutions which solve the daily challenges faced by in-house lawyers.
The book includes practical advice based on dozens of interviews, real life experiences and personal recommendations from in-house lawyers and legal experts who have used technology to cut costs and reduce legal inefficiency. Lawyers came from companies including Pearson, AIG, TabTale, Travelocity, Vodafone, NetApp, Del Monte, Axalta Coating Systems, Tongal and Novartis.
The guide also provides jargon-free explanations of an in-house LegalTech buying journey, from barriers to adoption, savings and efficiencies law departments can expect, to establishing and monitoring Key Performance Indicators.
Explosion of Artificial Intelligence (AI) Players in Law
The guide also shows the traditional legal sector is facing disruption from 40 artificial intelligence companies using automation to solve daily legal tasks which have not changed in decades. These players are transforming nine sectors of daily law in categories of Contract review, Contract due diligence, Legal research, EDiscovery reviews, Intellectual Property, Expertise automation, e Billing, Legal Analytics, and Prediction Technology.
The analysis argues that legal is lagging as one of the last business areas to adopt technology, but lawyers are now embracing change, spurred by the dramatic increase in LegalTech products available.
Noory Bechor, CEO and Founder of LawGeex
“We are publishing this guide at a time when in-house lawyers face multiple drivers to adopt new technologies. In-house teams are under pressure to produce evidence of higher efficiency and quality and provide better data and strategic input for their organization.”
Sterling Miller, former General Counsel of Travelocity and Sabre Corporation
“One of the easiest ways to increase efficiency and reduce costs is through the use of technology. But, to be a successful in-house lawyer or general counsel you need to embrace technology and make sure your team does as well.”
Chrissie Lightfoot, entrepreneur, author, lawyer and co-founder and CEO
“I would highly recommend GCs embrace the plethora of existing and new LegalTech software and tools available. I know from personal and professional experience that AI tools are beginning to benefit GCs, their clients and companies enormously.”
Download the full guide at lawgeex.com/buyersguide