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This article will discuss the application of domestic and foreign legal technology companies in electronic contracts, the changes, difficulties and future prospects brought about by the support of LLM technology. Please take a seat, get ready for departure~ Panoramic view of legal technology companies The artificial intelligence software market for the legal industry is expected to grow from US$ million in to US$ billion in , with a CAGR of % during the forecast period () (Data source Mordor Intelligence). Image source Mordor Intelligence Image source Catalyst Investors
Legal technology field classified by service type Products Austria WhatsApp Number can be divided into three major categories corporate legal management software, legal execution management software, and lawyer work efficiency software. Image source LegalTech and Services – Houlihan Lokey Enterprise legal management software Helps the legal department optimize workflow, including contract life cycle management, intellectual property management, legal knowledge retrieval and research. Representative companies Agiloft, iManage, ANAQUA Legal execution management software legal affairs, including legal affairs management, lawyer talent management, lawyer billing and time management, etc. Representative companies Aderant,
LexisNexis, Clio Lawyer workflow efficiency software Help lawyers improve the efficiency of legal services, including contract automation, smart contract review, drafting, litigation and other auxiliary software Representative companies Docusign, CS Disco, casetext The core business value of legal technology companies lies in the full life cycle management of contracts (including contract drafting, contract review, contract signing, contract archiving and performance & renewal, and legal services), and the typical application scenario of contract management lies in the field of electronic contracts. Electronic contracts vs. smart contracts What problems does electronic contracts solve.
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發表於 2024-3-7 16:27:34