Tech-perplexed lawyers: We’ve enjoyed (not) seeing you at the Legal Tech Non-Event.
Read on for a rundown of recent news from some of the companies that have joined us.
And as always, visit our Contract Management for Law Firms page for all of your tech-adoption needs.
ContractPodAi
After identifying the average contract value erosion of 9.2% in 2014, World Commerce & Contracting (World CC) is releasing its latest report, “The 10 Pitfalls 2022.”
In a Dec. 9 webinar, ContractPodAi Chief Technology Officer Anurag Malik and World CC President Tim Cummins will share this latest research and help you answer the three biggest questions around contracting today: Are your contracts losing value, how can you identify the sources of leakage, and what can you do to prevent them?
To learn more and register for this webinar, click here.
ContractPodAi was also named winner of the 2021 British Legal Technology award for “Legal AI Supplier of the Year” recently. This is the second straight time that ContractPodAi has earned this prestigious prize for helping legal leaders streamline department workflows and monitor company-wide objectives.
With the realization that automation is the future of contract management, the annual British Legal Technology Awards recognize excellence in legal tech and IT security within the U.K. and international legal sectors. The “Legal AI Supplier of the Year” category, in particular, honors teams that positively impact the legal tech industry.
To see the complete list of 2021 British Legal Technology Award winners, click here.
ContractWorks
ContractWorks is proud to announce that it has been named the 2021 LegalTech Solution of the Year in the second annual LegalTech Breakthrough Awards program.
This highly competitive awards program aims to perform the most comprehensive evaluation of LegalTech tools, services, and companies today, with the goal of recognizing the breakthrough solutions. This year there were more than 1,300 nominations from innovative companies around the world. All entries are judged on the Tech Breakthrough criteria, which include Innovation, Performance, Ease of Use, Functionality, Value, and Impact.
“The ContractWorks team is incredibly proud to be named LegalTech Breakthrough’s LegalTech Solution of the Year. We work hard to create contract management software that is easy to use so customers can make an impact quickly, and this award is another indication that our value proposition is resonating.” – ContractWorks CEO Will Reynolds
Click here to read more on the ContractWorks blog.
Donna
Donna, the AI-powered Microsoft Office Add-in that helps lawyers draft and review contracts, expands their business with a new service called Conalyzer. Conalyzer offers developer-friendly APIs to extract, index, and transform text in legal documents.
Unlike general NLP solutions like IBM Watson, HuggingFace, or Spacy, Conalyzer is designed from the ground up to address the challenges faced when analyzing legal documents and integrating the results into an application.
Conalyzer is currently letting in developers onto the platform. To get your API key and see more details about what Conalyzer can do, click here.
Donna itself has also undergone a significant makeover with the release of a new app version. While the app still offers the same features, Donna hopes the latest version allows for a more user-friendly experience.
Donna has, for example, introduced a Power Moves™ menu, which includes some of the most liked and appreciated tools such as Highlight, Insert Cross-Reference and Update All Links — now all easily accessible with just one click.
Find out if Donna is right for you with their 14-day free trial.
Outlaw
In a continuous effort to bridge the gap between legal and business, Outlaw has joined Filevine, the leading legal work platform. Through this acquisition, the companies are advancing the way legal work gets done for all legal professionals and have already released several new features:
— Native Salesforce integration to expedite sales deal cycle times
— Dynamic clause library to further knowledge management
— Filevine and Outlaw native integration for advanced document assembly and automation
Outlaw has also made further enhancements to their unique feature — batch generation, allowing for more flexibility to be used across industries. From accounting services to management consulting to mass tort practices, organizations are using Outlaw batch generation to draft and send out thousands of customized documents in minutes. Whether it’s being used for a short stack of legal documents with a high number of variables or mass contract production to be sent out for eSignature, the tool adapts to an organization’s workflows to instantly populate and create individualized, flawless documents. Read more on how global enterprise UCaaS company Intrado used Outlaw batch generation to grow their revenue in the multi-millions in two months.
