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Dispelling Common Myths About Technology in Contract Management
- General
Asia Law Portal
Technology promises many efficiencies, cost savings and other benefits to the legal industry, but it is often still met with hesitation and uncertainty. Dispell five common myths about contracts technology in this article from Asia Law Portal, featuring insights from Epiq's Karthik Radhakrishnan and Lindsey Pitt.
Karthik Radhakrishnan, Director, CLM R&D and Chief Architect, Legal Solutions, Epiq
“By managing contracts-related data with AI and machine learning, CLM systems enhance contracts analytics, risk detection, and decision-making for better visibility and compliance.”
Lindsey Pitt, Vice President, Legal Business Advisory, Legal Solutions, Epiq
"Legal playbooks standardise responses to common contract pushbacks and empower non-legal personnel (e.g., procurement team members) to handle certain contract types or tasks independently. Playbooks are useful training tools for new contracts professionals who need to get up to speed with the organisation’s approach to managing risk.”
Read the full article here.
Contact
Carrie Trent
Epiq, Senior Director of Communications & Public Relations
Carrie.Trent@epiqglobal.com