A Simple Guide to Contract Automation
A contract is at the core of most business deals. But despite its significance in transactional workflows, many firms haven’t changed how they review them, primarily following manual approaches. Consequently, reviewers spend more time skimming through and extracting data to design and negotiate contracts of different complexity levels while shielding their clients from risk. Savvy […]
Building a Culture of Continuous Improvement with Legal AI Technology
A great deal has been written about the importance of organizational cultures to both the bottom and the top line. It is received wisdom that those with strong cultures often outperform those with weak or even toxic cultures. As they say, “culture eats strategy for breakfast”. Richard Tromans, the founder of Artificial Lawyer has recently […]
Construction Contract Review 101: Save Money with Construction Contract Software
Quick question: how many people do you know who love signing contracts? Ten? Five? The answer is probably closer to one or zero, and the one is probably a lawyer. Contracts are no fun. Long, winding, repetitive, confusing, and jargon-filled are some of the words people commonly use to complain about contracts. Life experience and […]
Contract Negotiation 101: How To Redline A Contract?
Whether you’re buying a car, commissioning a portrait of your dog, or embarking on a work contract, every negotiation has its own unique concerns and challenges. But there are also some important fundamentals that apply across the board. For example, contract redlining is one of the most commonly used negotiation techniques in business, and it’s […]
How can you use NLP for Contracts?
For a long time, reviewing contracts has been a tedious and frustrating process, requiring lawyers to spend hours making minor changes before you could sign them. With the help of natural language processing (NLP), that’s no longer the case. NLP is a branch of artificial intelligence that enables computers to extract meaning from the human […]
How to implement legal tech: Focus on the biggest pain point
We have highlighted some of the shortcomings with contract lifecycle management (CLM) adoption before on this blog, recommending a more incremental approach to adopting legal technology. It is vital to first address the largest time and resource sink in the CLM process – the contract negotiation phase – before trying to implement CLM across multiple departments […]
Construction Contract Review Checklist
Construction contracts are often lengthy and intimidating. There is so much to read – who has the time? Although it may be tempting to just skim over a new contract instead of looking it over properly, it’s likely not in your best interest. A construction contract checklist allows you to quickly read over the key […]
Legal Technology Digital Transformation: The Tipping Point
The legal industry has reached a tipping point in its digital transformation Mary O’Carroll is fast becoming the doyenne of legal ops: in demand as a speaker, a thinker and a practitioner. Ex-Googler and now head of the customer community at Ironclad, O’Carroll gained her prominence primarily through her work with CLOC from its inception […]
How can AI be used to Review Construction Contracts?
The essential builder’s tool kit: bricks, mortar, struts, Oh, and some AI It is a commonly held view that the Architectural, Engineering, and Construction (AEC) industry has traditionally been one of the late adopters of technology, relative to many other industries. Construction companies operate on thin margins leaving little to invest in tech, especially if […]
