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MRI Software acquires Leverton
Real estate software solutions provider MRI Software announced that it is acquiring Leverton, a market-leading lease abstraction solution for real estate and corporate documents that is powered by artificial intelligence (AI). Leverton uses proprietary optical…
How lease abstraction simplifies commercial lease management
The high volume of paperwork and the number of iterations of real estate contracts can be a real challenge for commercial real estate contract management. Several versions of a document saved at different locations and…
The Key to successful Contract Review – Artificial Intelligence with Human expertise
Innovative Artificial Intelligence (AI) solutions continue to optimize task management in a multitude of industries and improve speed and accuracy. Industries that were cautious to adopt new technologies – such as the legal services sector…
The Future of Contract Management & Why It Matters
What is the future of contract management? I ask for two reasons. First, we have seen an explosion in software start-ups focused on various elements of drafting or managing contracts. And second, in the last…
Deriving intelligence from Contracts
Last quarter, we announced a partnership between Cenza and Kira Systems, a leading provider of machine learning (ML) software that accelerates contract review and analysis. Thanks to the partnership, we have automated several aspects of our…
The Last Mile of Contracts: Why Human Teams Are Still Essential
You might think that everything about contracts has been automated. But in fact, that’s not true. Here’s a quick rundown on technology for contracts and why we still need humans to help create, analyze, and…
6 Reasons Why You Should Outsource Your LBR (Legal Bill Review)
For any corporation working with law firms, reviewing and analyzing multiple legal bills can be a cumbersome process. The primary goal of any Legal Bill Review Process is to enable the corporation to take an…
Outsourced Legal Word Processing – Business Critical
For more than a decade now large U.S. law firms have experimented with and in some cases actively pursued the opportunity to outsource various middle office operations, including word processing. As a result, the outsourcing…