by millardga | Sep 15, 2021 | Blog
Today’s corporate and legal environment is complicated. Law firms and legal departments are facing increased pressure from clients and C-suite executives to modernize their practices, lower costs and demonstrate ROI. How can law firms and legal departments continue to...
by millardga | Jul 16, 2021 | Blog
While the business is under pressure to work efficiently, the legal department is no different. With long-winded legal processes slowing down the pace of business, the legal department can often be viewed as a “bottleneck” when it comes to getting things...
by millardga | Jun 4, 2021 | Blog
Now more than ever, legal departments are striving to align with their company’s overall strategic direction and looking for real business initiatives they can take to the CEO. While risk and cost reduction are key factors when evaluating a new legal tech product, for...
by millardga | Apr 27, 2021 | Blog
Reviewing, editing, and executing contracts require a tremendous amount of effort, time, and resources for legal departments. Every contract review involves attorneys on each side reviewing and editing all the relevant clauses and sending multiple versions back and...
by millardga | Apr 13, 2021 | Blog
In recent years, the contract review software space has evolved from AI tools that simply compare a contract to a client’s standard language to more advanced technologies that edit contracts like a lawyer can automate as much as 70% of human review time. The...
by millardga | Mar 26, 2021 | Blog
When it comes to buying and selling, the heart of every deal lies in the contracting process, when sales and legal teams work together to be on the same page to close business deals quickly. Unfortunately, the traditional method of contract negotiation is a...
by millardga | Mar 12, 2021 | Blog
Legal technology has evolved rapidly in recent years. With hundreds of legal technologies out there and each trying to solve its own problem, how do you choose one technology over another? The contract management space has evolved drastically in recent years. COVID...
by millardga | Feb 27, 2021 | Blog
Traditional contract review is a lengthy process with negotiations that can last weeks. Contract review is prone to inconsistencies and human errors, which can lead to playbook standards and terms that are either missing or unenforced. Legal teams face enormous...
by millardga | Feb 26, 2021 | Blog
Legal professionals are tired of high-volume, repetitive work. Traditionally, high-volume, repetitive work used to only be done through achieving higher productivity or costly outsourcing. But thanks to advances in machine learning (ML) and artificial intelligence...
by millardga | Feb 12, 2021 | Blog
Technology is transforming the legal industry. The pandemic has accelerated this change by forcing firms and organizations to find new ways to move business forward. In a 2020 Altman Weil “Law Firms in Transition survey,” 53.6% of law firms...
by millardga | Jan 29, 2021 | Blog
In-house legal teams worldwide rely on playbooks for their contract negotiations. Playbooks seek to standardize how legal teams review and negotiate contracts by specifying a company’s standard terms and fallback clauses. However, it is difficult to ensure that...
by millardga | Jan 15, 2021 | Blog
AI is disrupting the inefficient contract review process. AI-powered contract review tools like BlackBoiler automate as much as 70% of human review time. AI’s value is shown in real-time — contract review and edits happen instantly. By implementing AI in your contract...
