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Artificial intelligence (AI) is an incredibly powerful tool, capable of rapidly increasing and maximizing results in both contract review and contract management. AI can be implemented to offload specific tasks within the contract lifecycle. Such tasks, while they are required and inherently critical to the process itself, can be tedious and time-consuming. Contract generation, risk management, workflow, and negotiation are a few examples of important tasks that can be automated by AI.
Law firms of all sizes use law practice management software (LPMS). LPMS is used by lawyers, paralegals, secretaries, and even clients.
Artificial intelligence (AI), databases, search engines, and technology that is created daily are changing the legal world.
Technology advancements coupled with the AI boom have empowered tech giants like Microsoft to create a world of endless possibilities. Leveraging on this notion, Microsoft has launched AI-enabled features in its word processing tool. Get ready for the new features that are bound to make your life easier.