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 both agile and precise while operating at an [...]
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 hygiene is like bike chain upkeep: [...]
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 platform to maximize every stage of the contract lifecycle. Though CLMs are comprehensive, their complexity and [...]
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 are limitations to what [...]
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 completion. What’s their secret to success? The [...]
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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. Despite all the exciting possibilities these [...]
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 drafting and negotiation. Other agreements, once written, can be repeatedly reused [...]
Once again, in-house legal professionals are being tasked with an all-too-familiar challenge: to find even more ways to trim down their budgets. The 2024 ACC Chief Legal Officers Survey found 42% of CLOs were asked to slash expenses last year. In fact, these financial headwinds pose a problem here and now, giving each decision or action an [...]
Problem The global cybersecurity market is now a multi-trillion-dollar industry, protecting companies of all sizes and across every sector from evolving threats. One of our clients, a leader in the cybersecurity space, decided to enhance their platform by acquiring a UK-based email security provider that would further boost their delivery and [...]
Each new technology has offered opportunities and obstacles for the legal profession, whether it’s the introduction of online legal databases and filings or automated case management. Rather than shy away from new frontiers, adaptable legal professionals have embraced innovation to give them an edge in regulatory compliance, M&A activity, [...]
