The Point Factor is a prominent “alternative legal services provider”, or “law company”. That means it offers technology and workflow process professionals to support delivery of legal services; but, unlike a law firm, it has no attorneys who offer legal advice directly to clients. In June Factor announced a “Legal…
The Point Artificial intelligence-powered contract review systems allow automated analysis of thousands of contracts at a time, rendering unnecessary their manual review by attorneys. Use of this technology yields major cost savings in attorneys’ fees, while producing more accurate results. This Matters Prior to purchasing a corporation or real estate,…
Speed-to-contract is vital to your revenues. As a P&L executive you know that. As a former P&L executive — now practicing law — I know that. But too many lawyers just don’t. They focus on verbal tweaks and “improvements” that hold up the process. … It was only after I…
P&L executives concerned with managing legal risk and controlling legal costs should know that artificial intelligence (AI) promises greater accuracy and lower costs in litigation tasks. If and when the legal industry adopts the technology. And last month some of this promise appears to have been realized in some concrete,…