Research Suggests AI-Powered Contract Management is Priority for Legal Teams
Summary
The report reveals that 55% of lawyers surveyed believe that an improvement of business ROI would encourage leadership teams to support CMS acquisitions. Securing funds to purchase reliable contract management software seems to be the biggest hurdle for general counsels and legal teams in 2020. “Essentially, they help legal professionals to do far more with fewer resources, while fueling critical thinking and giving in-house attorneys the time to focus on higher-level strategic work.” The report analyzes data from telephone interviews run from April-June 2020, reaching out to over 4500 corporate lawyers managing agreements across North America. The respondents boast a range of legal experiences and represent national and international companies with $100 million to $5 billion in sales revenue. Our platform is built in partnership with some of the most trusted technologies in the industry including IBM Watson AI, Microsoft Azure, DocuSign and Salesforce.