Keeping track of contracts can feel like trying to tame chaos—details get missed, deadlines sneak up, and the whole process eats up more time than it should.
Here’s a surprising fact: poor contract management costs businesses up to 9.2% of their revenue each year. That’s not just paperwork gone wrong; it’s a major hit
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Keeping track of contracts can quickly become overwhelming—every deadline, clause, and renewal demands attention.
Yet, research shows that 81% of businesses plan to implement automation to their contract management processes. Why? Because it’s not just about saving time—it’s about avoiding costly mistakes and improving outcomes.
AI-powered tools are reshaping the way organizations handle contracts, from
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You know how reviewing contracts can be a total time sink? Between hunting for the latest version, figuring out who changed what, and juggling everyone’s feedback, it’s a mess. Contract redlining software solves these problems by taking over the most tedious parts of the process.
It’s like having all the tools you need in one
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In the modern legal profession, technology and innovation are not just buzzwords but essential concepts and tools reshaping the way legal services are delivered. As these changes accelerate, the distinction between legal tech and legal innovation becomes more pertinent, offering a deeper understanding of how technology can enhance legal practice. A recent episode of…
If artificial intelligence eventually performs a task better than humans, is it negligence not to use AI for the task?
For instance, if driverless cars become safer than human drivers, is it negligence for humans not to use them?
An interesting question and one of many asked by author and professor Ryan Abbott…
If your company handles consumer data and are wondering where to start with a data privacy compliance plan, the latest episode of the Technically Legal Podcast has some great, practical advice for just that.
Brandon Wiebe, GC and Head of Privacy at Transcend offers a good overview of various privacy regulations, tips on…
We are often asked if we incorporate artificial intelligence (“AI”) into our legal workflows and electronic discovery processes. This question is not surprising given the efficiencies and cost savings associated with AI.
Typically, these questions are followed by inquiries into how the AI tools work and their defensibility. That is, how the use of…
We recently hosted a webinar “Recognize, Reduce, Review: Techniques to defensibly reduce your document review.” During the 30-minute presentation, Percipient’s Head of Forensics Vaish Palavalli and Document Review Project Manager Adam Szulczewski discussed eight techniques they use to reduce data collections to manageable sizes for efficient document reviews.
Check out the video…
