AI is the new normal for any business these days. Managing tons of documents generated in a fraction of second is no more a manual job. Almost every business software is now using AI technology to automate the process and identify actionable insights from it. Contract management is no exception to this. According to a report presented by KPMG, inefficient contracting causes companies to lose up to(...)

Law firms and the legal industry in general have not been immune to COVID-19. They have had to bring significant technological change into their businesses. International Chamber of Commerce, popularly known as ICC, has recently revised its 'Rules of Arbitration' after the COVID-19 pandemic upended the 'normal course of business' globally. The need for flexibility, better efficiency and fast track(...)

Contracts are the most commonly heard word in the world of business. No matter how big or small your company is, you must have encountered contracts at some point. It is the basic need for any two businesses or partners to collaborate and work in mutual consent. In addition, contracts are very crucial for a company to maintain harmony with their partners or vendors in times of trouble or misunders(...)

Year 2020 has influenced the business world more than any historical event so far. People are forced to change their lifestyle and business model to cope up with the current situation. Apparently, no industry is untouched from the impact of COVID-19. However, when speaking about the legal industry, there is very little to worry about. With so many remote platforms and software, it is easy to carr(...)

“Once a party reasonably anticipates litigation, it must suspend its routine document retention/destruction policy and put in place a ‘Legal Hold.” The above definition is easy to understand the ‘legal hold’ process for any legal department or law firm. Legal teams need to ensure that the legal hold notification reaches to each custodian, stakeholder, or contingent staff to preserve dat(...)

Covid is impacting almost every industry, including legal. The law has traditionally been a conventional and ‘old-school business’ but the pandemic triggered a series of unlikely changes in the way legal services are provided. The world came to a halt, so did the courts and other dispute resolution institutions, but gradually we found our stride, settled in(...)

From local municipalities to Federal agencies, governments of every size struggle with a range of challenges as they provide needed services to their constituents. With shrinking revenue and growing demand, the need for improved performance, accountability, and transparency may be greater than ever. As the authors said in their iconic book Reinventing Government (David Osborne and Ted Gaebler), �(...)

Did you remember Anthony Levandowski? A Key technologist and pioneer of Google’s autonomous-vehicle project who downloaded more than 14,000 files containing proprietary information and made an unauthorized transfer to his personal laptop. Cisco’s annual internet report (2018-2023) says two of the top 10 attacks are insider threat issues (file sharing and stolen credentials). It shows that y(...)