The financial toll of Covid-19 has been devastating for universities. But institutions have been struggling long before the coronavirus pandemic tore through higher education budgets, and the sector is now at a turning point. Deep state cuts in funding, declining enrollment rates and plummeting net tuition revenues have all contributed to the alarming downward trend. … Continued
Artificial intelligence has overtaken lawyers for the first time in a staple of the legal profession — accurately spotting risks in everyday business contracts. In a new study, LawGeex has achieved an average 94% accuracy rate at surfacing risks in Non-Disclosure Agreements (NDAs), one of the most common legal agreements used in business. This compares … Continued
In the words of Harvard professors, Marco Iansiti and Karim R. Lakhani, the contract process now represents “a rush-hour gridlock trapping a Formula 1 race car”. The International Association for Contract & Commercial Management (IACCM) has found that 83% of businesses are dissatisfied with their organization’s contracting process. The time spent on reviewing paperwork sees hard-pressed in-house lawyers blamed … 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
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 … Continued
In-house legal departments aren’t often considered the most dynamic or innovative parts of companies. Inside Counsel recognize the stereotype, We’re all familiar with the pervasive stereotypes that have dogged corporate legal departments over the past few decades—an impediment to closing deals, a center of obstinacy, a bottleneck, the “department of no.” Corporate legal departments are often … Continued
A new California law will change the way that thousands of corporate counsel draft company contracts. Many companies with employees in California have tried to have their contracts governed by the laws of other states or countries and to have disputes heard in those other locations. For example, a company might specify that a contract … Continued
The LawGeex team has been working hard on our product offering, today launching the most advanced Artificial Intelligence contract review technology, now fully customizable and designed specifically for Corporate and General Counsel. LawGeex Pro is the quickest, easiest and most cost effective way to automatically review contracts, using the General Counsel’s own pre-defined legal criteria or checklist paired … Continued
As the leading AI-powered contract review platform, we’re excited to announce today the first ever Law-Bot on Slack, helping to accelerate and streamline how businesses review contracts. Slack’s first ever ‘Law-Bot’ alleviates the inefficiencies of reviewing contracts whilst bridging the gap between legal and other core business units, removing legal bottlenecks, and reducing dependency on email.
