The Pivotal Role of Data Annotation in AI-Powered Legal
Data annotation or labeling plays a vital part in transforming content into recognizable formats for machines. In other words, tagging or labeling facilitates a system to transform data into more intelligent outputs/insights. It means raw…
How has AI emerged as the go-to legal technology?
The evolution of legal tech was seeded when LexisNexis introduced the red “UBIQ” terminal in 1976 to help lawyers simplify the task of searching case law. By introducing the ability to research case law online…
What exactly will change with AI & Legal coming together?
“It may even be considered legal malpractice not to use AI one day,” says Tom Girardi, renowned civil litigator and the real-life inspiration for the lawyer in the film Erin Brockovich- Forbes On that note, let’s explore the…
The Impact of Artificial Intelligence in the Legal Industry: What is changing, and how?
Before we understand the role of Artificial Intelligence in the legal space, it is interesting to note how this digital technology is poised to transform the industry. A Deloitte study indicates that 114,000 legal jobs…
Embracing the new AI regulations – Setting the wheel in motion
Artificial Intelligence (AI) has emerged as an indisputable force in every industrial sector that strives to stay aligned with ever-changing business dynamics. The market size of AI in 2020 was $62.35 billion and is expected…
AI in Legal – The myths answered
Ever since the genesis of Artificial Intelligence (AI), there have been many myths around this technology. A majority of us have shaped our perception of AI with inspiration from some of our favorite sci-fi movies.…
What are the best practices to adopt for Contract Lifecycle Management?
Contract Lifecycle Management (CLM) has recently gained more prominence among global business organizations, with the pandemic catalyzing a significant change in business dynamics. A contract is not just a mere legal document with a set…
Defining the metrics to measure the ROI of Contract Lifecycle Management
Automation of Contract Lifecycle Management (CLM) is vital to gain intelligence and make a business more profitable in today’s digital era. A report by IACCM has cited that poor management of contracts costs 9% of…