White Paper
The Current State of Contract Automation for Legal Professionals
An all-new white paper presented by Docubee & ALM exploring opportunities & challenges of contract management technologies in the legal industry
Docubee recently partnered with leading Legal media company, ALM, to survey 81 legal professionals from various practice areas nationwide. About 60% of the professionals surveyed were partners, managing partners, or senior partners.
If you’re one of the 79% of legal professionals who are currently using paper or emailing Word Documents to handle contracts, wondering how you can get more out of your current tool, or need tips on what to look for in a contract automation tool then this White Paper is for you.
AI is Becoming More Important to Law Firms
64% of survey respondents are either already leveraging AI or have shown interest in weaving it into their practices in the next two years. That being said, peers in the industry are likely starting conversations surrounding AI and how it can help their team. The ways AI can influence your paperwork can create vast efficiency when used correctly. We dive into this and more AI trends in the White Paper.
Obstacles to Implementation
The major reason legal professionals who aren’t using contract automation haven’t made the switch isn’t because the tools aren’t useful to them – it’s because of obstacles to implementation.
For many, cost and budget constraints, learning curve obstacles, and getting employee buy-in stand in the way of success. Plus, finding the time to effectively research and vet a new contract automation product or find ways to improve their current solution often get in the way.
Luckily, there are ways to overcome these obstacles and start using technology to make the workday easier, which we cover in-depth within the White Paper.
Key Points You’ll Find in This White Paper:
- What factors matter most to firms exploring a contract automation tool
- Key benefits of contract automation, as told by respondents
- The role of AI in legal automation
- Common reasons contract management tools aren’t used
- Best practices for overcoming these obstacles
- How to find a contract management partner
