Will AI Replace Lawyers? Debunking Myths and Exploring Possibilities. Artificial Intelligence (AI) is rapidly transforming many industries, and the legal profession is no exception. With the development of sophisticated algorithms and natural language processing, AI has the potential to assist lawyers with various tasks, such as document review, legal research, and even drafting contracts. However, the question remains: will AI eventually replace lawyers altogether? What is the current role of lawyers? To answer this question, we must first understand the role of lawyers and the capabilities o ..read more

Key features of a contract lifecycle management solution, what are they? Contract lifecycle management (CLM) solutions have become essential for businesses of all sizes that need to manage their contracts effectively. These solutions offer a range of features and benefits that make it easier to create, negotiate, manage, and track contracts throughout their lifecycle. In this blog post, we’ll explore some of the key features of a contract lifecycle management solution. Contract authoring: A good CLM solution should have an easy-to-use contract authoring tool that allows users to create and cu ..read more

5 Tips for Transitioning to In-House Lawyer Transitioning from law firms to in-house can be a significant career move for lawyers. In-house positions offer a different type of legal work that is more focused on the needs and goals of the company rather than billable hours and client demands. Here are some guidelines on how to make a successful transition: 1) Understand the role. Understand the role: Before moving, it’s essential to understand what the in-house position entails. In-house lawyers work closely with the business and operations teams to ensure that legal risks are identified and ma ..read more

The most complicated parts of IP applications are the collection of materials and managing the many filing deadlines. In this way, managing IP can be much like managing any other project, and legal professionals benefit from project managing their legal work. Most project management professionals use some form of PM tools or software to track deadlines, timelines, and projections. It’s time for attorneys to benefit from using project management to tackle their legal workload. Legal operations tools offer curated project management support to legal departments managing the application and ..read more

How to Successfully Organize Your Legal Files Organizing your files is important for running a successful operation. But where do you begin? Analyze what you have, create a naming system for your files, consider a cloud-based platform, and start fresh. Analyze what you have. Do a general sweep to determine your files: PDF, word, and video. What are the general topics relating to these files? There is no magic number of categories to file things; more is presumably better, but it can become cumbersome depending on your repository system. If you have paper files, the same organizing a ..read more

What To Avoid Selecting Your Intake Forms? The legal request intake process has had plenty of room for improvement for a while now. Many organizations have used stop-gaps to help the legal department manage requests, like online or paper/PDF forms for the requestors to fill out. Our 2022 Legal Tech Benchmark Survey found that intake-forms is one of the biggest daily pain points for legal teams. If intake forms are so common, why is this still an issue? We discuss what to avoid when selecting contract lifecycle management with intake forms. 1. Inefficient Proccesses. Law firms and l ..read more

Tracking contracts is the ongoing management of contracts following contract execution. This is a critical part of the contract lifecycle and allows legal teams and stakeholders to ensure to meet deadlines and obligations. Appropriate contract tracking also provides a detailed history of your company’s contracts, along easy visibility to high-risk clauses and non-standard terms. Below are four best practices for tracking contracts so you can maximize contract value and minimize risk.   Identify and Monitor Meaningful Contract Data Tracking contracts successfully requires knowing whic ..read more

What is contract lifecycle management? Contract lifecycle management (CLM) automates and streamlines contract processes during key stages. These stages include intake, authoring, process and workflow, negotiation and approval, repositories, execution, ongoing management and compliance, and contract renewal. A great clm will work for you and not the other way around. Bigfork’s CEO & COO are lawyers who were upset with the legal technology available, so you know what they did? They created ALOE legal software as a brand new market solution made by in-house counsel for in-house couns ..read more

What Is an Intake Form? Before we discuss why intake forms are so important, let’s define the word. An intake form collects all the necessary information an organization or department needs to properly assess and route an individual or request through a business process. Examples like client intake or project intake. Why is the client intake form so important? Your client intake form is a tool to obtain accurate and up-to-date information from a new client that you need to perform your job. This may include answering questions, locating paperwork, or providing usernames and passwords ..read more

Contract management software and legal operations tools are becoming buzzwords across the industry. Large and small departments alike are looking for ways to improve performance, store their documents, and meet the ever-present goal of “doing more with less.” So, what can contract management software do for you? Below, we go into a few elements of your work that are supported with these tools: Increase your productivityContract management software increases employee productivity. Not only is efficiency boosted with historical data being stored in one place so your employees aren’t losing ..read more