Subscribe to our Newsletter
Webinar Overview
Generative AI (GenAI) is ready to change how in-house legal teams operate by automating tasks and enabling these teams to focus on strategic responsibilities instead of being stuck in the day-to-day weeds. Legal teams shouldn’t delay in adopting proactive strategies to leverage GenAI effectively in order to future-proof their organizations. In this on-demand webinar, we explore the impact of GenAI on contract management, discussing its capabilities, considerations for choosing an AI-led platform, associated risks, and integration strategies.
Watch on-demand below.
Future-Proofing Legal Teams in the New AI World
Speakers
Shana Ricchiuto
Head of Legal Americas Managed Services, Syntax
Meghana Shetty Talavlikar
VP – Legal Ops Tech & Consulting, DWF Legal Operations
Gordon Thompson
EVP, Presales & Business Strategy, Sirion
The Highlights: Embracing AI in Legal Teams
During this webinar, we explored the evolution of legal operations and the role Generative AI has begun to play. As AI reshapes industries, legal teams can leverage these technologies to enhance efficiency, compliance, and strategic decision-making – starting with contracts and beyond.
Below we’ll outline key takeaways from the discussion, highlighting how legal professionals can leverage these advancements for future readiness.
Be sure to watch the replay above for more insights.
1. Enhancing Efficiency and Strategic Focus
AI technologies transform legal operations by automating routine tasks. This shift improves efficiencies within an organization, freeing legal professionals to focus on more complex and strategic activities.
2. Tackling Ethical and Security Concerns
As AI becomes integral to legal operations, it is paramount to address ethical considerations and ensure data security. Legal teams must proactively ask security questions early on to ensure that their use of AI aligns with ethical standards and protocols.
3. Implementing AI With a Phased Approach
Adopting AI to improve your legal processes doesn’t have to be overwhelming. A phased approach — starting with basic applications and gradually integrating more complex functionalities — can make the transition manageable and effective.
4. The Role of AI in Contract Management
AI significantly enhances contract management by improving the accuracy of contract reviews and compliance monitoring. This is crucial for managing risks and obligations effectively across large amounts of contracts you might have within your organization.
5. Continuous Learning and Adaptation
The legal field must embrace continuous learning and adaptation to keep pace with rapid technological advancements. Engaging with AI technologies allows legal teams to develop new competencies and stay competitive in a digitally evolving landscape.
Conclusion: The Future of AI is Now
Integrating AI into legal operations is not just a possibility; it’s a necessity for future-proofing legal teams. As AI technologies continue to evolve, they offer significant potential to transform the landscape of legal practice. Legal professionals should embrace these tools to enhance efficiency, improve compliance, and maintain competitive advantage.
Book a demo today for a deeper understanding and firsthand experience of how AI can revolutionize your legal operations.
People also viewed: How Legal Can Use CLM to Drive Business Growth and Resilience
When it comes to contract management, business teams have often historically “set it and forget it” — but a contract can be a vital source of business insight when managed well.
Additional Resources
AI Contract Negotiation: Benefits & Best Practices
Subscribe to Our Newsletter
