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How Legal Teams Can Leverage AI
Artificial intelligence and automation are creeping into the workplace of every industry, bringing the added benefits of efficiency and security. As more organizations implement AI solutions across their departments, businesses still relying on outdated, manual processes will fall behind.
Legal departments ranked AI solutions last for their technology needs, according to a survey by HBR Consulting — a surprising finding considering the plethora of administrative tasks legal teams handle, like document editing, work tracking and routing. A recent report by SpringCM found legal is the primary department involved in contracts for 59% of businesses. If other departments use AI to address inefficiencies that take time away from other projects, why are legal teams ignoring the potential of artificial intelligence to transform the contracting process?
While other industries have embraced digital transformation, the legal industry's adherence to tradition has delayed the adoption of new technologies. But relying on legacy tools in rudimentary word processing and manual editing prevents legal teams from reaching their full potential, especially when they have cutting-edge solutions at their fingertips.
Why Legal Departments Need Automation
As legal departments face stricter industry regulations and tighter bandwidth, their workloads increase, creating pressure to balance business-critical tasks with tedious, routine operations. A core responsibility of law departments is to manage clients' contractual obligations, and if that process is not optimally performed, it can lead to a few problems.
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