Posts about Contract Writing and Review

Why AI Contract Analysis Is the Answer to Negotiating Sound Business Agreements

January 14, 2021

An unsound business agreement is often the result of a party looking for business advantage by inserting contracting language that might seem appealing on the surface but will not be acceptable to their counterparty’s business practices or compliance requirements. This can cause seemingly endless rounds of back and forth markups by both parties seeking compromise language to positions that might have been entirely avoided. A minor oversight could be enough to force the other party to renegotiate—usually with less favorable terms. In situations like these, artificial intelligence (AI) contract analysis is invaluable.

Continue Reading →

5 Brilliant AI Legal Operations Tools for 2021

January 12, 2021

The coronavirus pandemic has accelerated the adoption of artificial intelligence (AI) in law firms and corporate legal departments. By incorporating new tools powered by AI, firms and legal departments have increased operational efficiencies by reducing workloads, decreasing human errors, streamlining recruitment processes, and accomplishing in minutes what used to take days. No longer fanciful science fiction, software programs are redefining what can be achieved in document review, research, accounting, hiring, and legal analysis. 

 

Continue Reading →

Harnessing Machine Learning in the Legal Industry for Contract Management

January 8, 2021

Legal technology is in the midst of a revolution. For years, the industry lagged in digital transformation because of limited law practice modernization opportunities. The law was far too complicated and subjective to hand over to machines. However, artificial intelligence (AI) has helped overcome the hurdle that prevented next-generation innovation. A key driver of this innovation is the use of machine learning in the legal industry. 

Continue Reading →