{"id":24344,"date":"2022-06-16T13:28:33","date_gmt":"2022-06-16T17:28:33","guid":{"rendered":"https:\/\/gutenberg-atl.staging.breakingmedia.com\/legal-innovation-center\/?p=24344"},"modified":"2022-06-22T11:09:43","modified_gmt":"2022-06-22T15:09:43","slug":"the-non-event-industry-wrap-up-contract-management-and-automation-for-law-firms","status":"publish","type":"post","link":"https:\/\/abovethelaw.com\/legal-innovation-center\/2022\/06\/16\/the-non-event-industry-wrap-up-contract-management-and-automation-for-law-firms\/","title":{"rendered":"The Non-Event Industry Wrap-Up: Contract Management and Automation for Law Firms"},"content":{"rendered":"

\"\"<\/a>Tech-perplexed lawyers: We\u2019ve enjoyed (not) seeing you at the Legal Tech Non-Event.<\/span><\/p>\n

Read on for a rundown of recent news from some of the companies that have joined us.<\/span><\/p>\n

And as always, visit our <\/span>Contract Management for Law Firms<\/span><\/a> page for all of your tech-adoption needs.<\/span><\/p>\n

LinkSquares:<\/b><\/span><\/p>\n

LinkSquares is constantly growing, expanding, and building new features!\u00a0<\/span><\/p>\n

LinkSquares, the company behind the AI-powered contract management platform of choice, recently launched <\/span>LinkSquares API<\/span><\/a> to automate the contract creation process and trigger contract drafting from a third-party system based on specific criteria, saving time and manual effort. LinkSquares API extends integration capabilities to virtually any platform, expanding beyond the current out-of-the-box integrations and removing the workflow’s legal bottleneck.<\/span><\/p>\n

So, what else is new? LinkSquares attended Corporate Legal Operations Consortium (CLOC) Global Institute in Vegas in May 2022. CLOC Global Institute was a great success with insightful conversations and sessions. We will also be at several events throughout the remainder of the year. Check them out <\/span>here<\/span><\/a>.<\/span><\/p>\n

Malbek:<\/b><\/span><\/p>\n

Global Benchmark Study: Crossing the Contract AI Chasm<\/span><\/p>\n

Malbek<\/span><\/a> & <\/span>World Commerce and Contracting<\/span><\/a>‘s global benchmark study uncovers the barriers and benefits of AI-enabled contracting across organizations. The results are clear; though speed and efficiency seem to be driving enthusiasm around using technology in contract management, there are still significant obstacles and plenty of misunderstandings. Even with efficiency to be gained, there is still a knowledge gap surrounding what can be achieved by using AI technology to get more out of CLM. Download the full report to dive into the six key trends identified in the research:<\/span><\/p>\n

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  1. The obstacles that still exist to implementing CLM solutions that impact AI adoption<\/span><\/li>\n
  2. The lack of understanding of what AI can achieve beyond efficiency<\/span><\/li>\n
  3. The problem that post-signature contract management presents<\/span><\/li>\n
  4. AI sentiment aligned by industry and seniority trends<\/span><\/li>\n
  5. The common barriers organizations face in adopting AI<\/span><\/li>\n
  6. The primary driver for using AI<\/span><\/li>\n<\/ol>\n

    \u00a0<\/span>Click here to access the full report.<\/span><\/a><\/p>\n

    Conga:<\/b><\/span><\/p>\n

    Conga CLM Delivers 294% ROI Over Three Years According to Recent Total Economic Impact Study<\/p>\n

    Conga, the global leader in scalable revenue lifecycle management solutions, today announced a commissioned study conducted by Forrester Consulting on Conga\u2019s behalf, The<\/span> Total Economic Impact of Conga CLM<\/span><\/a>. The study examines the cost savings and business benefits enabled by Conga\u2019s Contract Lifecycle Management (CLM) Solution. According to Forrester\u2019s findings, organizations deploying Conga CLM achieved an estimated 294% return on investment (ROI) and $19.3 million in financial benefits over three years.<\/span><\/p>\n

    To help organizations estimate the Total Economic Impact that Conga CLM could have on their business, Conga commissioned a <\/span>Conga ROI calculator<\/span><\/a> from Forrester Consulting. This self-service, web-based tool allows organizations to input their contract data to immediately calculate the return on investment and ultimately showcase how Conga aims to provide immense value for current and future customers.<\/span><\/p>\n

    On-Demand Conga Webinar: Common Pitfalls When Trying to Adopt Contract Management Solutions<\/p>\n

    In this webinar, you\u2019ll learn:<\/span><\/p>\n