CLM Archives

Home / Posts tagged "CLM"

May 20, 2020

The Rise of Legal Operations and What Comes Next

Legal operations started as a handful of people two decades ago. Today, it has become a robust discipline with many practitioners. I was delighted to have the chance to interview one of the leading legal operations pioneers, Steph Corey of UpLevel Ops. I met Steph in 2018 doing work for…

By Ron Friedmann

Apr 17, 2020

Understanding and Managing Force Majeure Risk Resulting from COVID-19

In the last few weeks, as companies around the world have struggled to adapt to the dramatic changes brought about by the COVID-19 pandemic, one of the significant legal issues receiving attention is the potential application of force majeure (FM) provisions in legal contracts. Often overlooked as boilerplate of no…

By Ron Friedmann

Apr 15, 2020

Large Law Firms Will Rethink the Operating Model Post Crisis

Controlling Cost in and after the Crisis with Outsourced Document Processing As large US and UK law firms adapt to a lockdown that will last weeks or longer, they must start to think about what comes next. Of course, urgent client work comes first. But many firms already have cut…

By Ron Friedmann

Apr 14, 2020

Are CLM and AI contract analysis tools converging?

The legal industry is increasingly embracing the use of artificial intelligence (AI) and machine learning (ML), thus enabling a more data-centric and efficient approach to what are usually time- and labor-intensive processes. AI/ML tools are proving to be extremely beneficial to contract lifecycle management (CLM), where technology thus far has…

By Andrew Jardine

Apr 7, 2020

How AI & ML are transforming legal departments

No industry is untouched by the law. Everything that organizations do from sales to mergers to partnerships is all done via legal contracts. The global legal services market size is anticipated to reach USD 1,04billion by 2025, and the use of the latest technologies will drive this growth. Artificial Intelligence…

By Cenza

Apr 2, 2020

Cenza institutes business continuity plan

The impact of the COVID-19 pandemic has been felt across the world, forcing an unprecedented lockdown in many countries, including India. This has affected businesses, with many scrambling to ensure business continuity for themselves and their clients. Cenza has been able to respond to this situation swiftly, guaranteeing the safety…

By Cenza

Mar 19, 2020

Coronavirus staff shortages look to offshore legal support

The COVID pandemic is unlike any before and has created havoc across industries, including the legal sector. In this crisis, some are already managed legal business services can be outsource to India rather than recruit and train new employees to meet predicted staff shortages. Outsourcing to India has always proven…

By Cenza

Mar 12, 2020

Empowering Women; Creating an Equal World

The recent World Economic Forum 2020 report suggests that though the gender gap is reducing, with current trends, it will take 100 years to close it across the 106 countries covered in the report. Randstad US released a report, ‘Women in the Workplace: 2019’ report that revealed a range of…

By Cenza

Mar 11, 2020

Which legal conference is best for you?

For legal professionals, attending law-related conferences can be extremely rewarding. They offer significant opportunities for professional development, continuing legal education, networking, interacting with experts, and discovering new technology in the legal space. But with so many conferences happening each year, and new ones popping up all the time, it can…

By Aditya Mirza

Mar 6, 2020

AI & ML: Compliance under control

Since the financial crisis of 2008, the global financial services industry has come under heightened scrutiny. New regulations were enacted that are focused on reducing the likelihood and magnitude of future financial crises. This meant a significant increase in the workload for compliance officers. For example, the Dodd Frank Act,…

By Andrew Jardine