Our Insights Empowering Legal Teams with Budget-Savvy Talent Solutions Posted in If you work in a corporate legal department, the challenge is likely familiar: outside counsel rates are rising—up 6.5% on average through mid-2024—while your department’s budget stays flat or even shrinks. Most law departments are working with modest annual increases of just 1% to [...]
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Our Insights Making the Business Case: How In-House Counsel Can Secure C-Suite Buy-In for Contract Lifecycle Management Services Posted in As in-house counsel, you’ve likely witnessed firsthand the chaos that poor contract management can create. Missed renewal dates, buried indemnification clauses that surface during litigation, vendor agreements scattered across departments with no central oversight, and [...]
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Our Insights When Contracts Change Fast, Legal Teams Need to Move Faster Posted in Corporate legal departments face an unprecedented combination of modern contract challenges that would have seemed unimaginable just a decade ago. The days when contracts moved through predictable cycles and templates could remain unchanged for years are long gone. Modern legal teams must be [...]
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Our Insights The Secret to Legal Team Growth Without Overhead Posted in In an era of economic uncertainty and shifting market conditions, legal departments face mounting pressure to deliver more with less. While many organizations might be tempted to freeze hiring or reduce legal costs, the most forward-thinking companies are choosing to adapt creatively, especially in [...]
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Our Insights How Good Contract Hygiene Can Simplify Your CLM Implementation Posted in If you’re thinking about migrating your contracts to a software platform, you already see the value of automated workflows, streamlined processes, and centralized contract authority. Yet whether you achieve those results depends on the quality of your contract hygiene before migration. Maintaining contract [...]
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Our Insights What Is a Smart Contract Repository and Why Does Your Legal Team Need One? Posted in Think back to the last legal conference you attended: how many times did panelists say the words “Contract Lifecycle Management” or “CLM”? You probably lost count. These days, CLM systems are treated as the be-all and end-all [...]
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Our Insights Can Artificial Intelligence Make Bad Decisions About Contract Analysis? Posted in How attorneys review, summarize, and abstract contracts has undergone some extensive changes in recent years. Technology-assisted structured data reviews changed the game, and now artificial intelligence promises to finish the transition into faster, more efficient, and more detailed contract insights. However, there [...]
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Our Insights Why Serial Acquirers Need a Contract Analysis Partner During Due Diligence Posted in Strong returns and low risk are the perfect outcome for any acquisition, but it’s not one that’s easy to replicate. Successful programmatic acquirers pinpoint multiple small-to-mid-sized acquisition targets each year and navigate the closing process while generating shareholder value upon [...]
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Our Insights The Human Advantage: Why Expertise Matters in AI Contract Review Posted in Over the last decade, we’ve seen a dramatic shift in how contracts are reviewed, summarized, and abstracted. Our industry started with traditional legal summary memos and moved towards technology-assisted, structured data reviews. Now we’re fully immersed in AI-powered contract review solutions. [...]
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Our Insights Don’t Trust Your Contract Clause Library? Try Template Rationalization Posted in As in-house counsel, there’s always an expectation to maximize your time and effort. However, not every request for legal input will be a cost-effective use of your time. Take contract review, for example. Some agreements require a nuanced and tailored approach to [...]
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