Reduce contract review time with AI-driven solutions
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Case Study: Accelerating Legal Operations with AI-Powered Contract Review (LogicMonitor)
Contracts management is the highest-volume activity and largest practice area by spend for most legal departments. Despite this, many struggle to implement a comprehensive process for managing contracts across their lifecycle, even though, on average, 81% of contracts work is handled internally by the legal department staff.
Learn how LogicMonitor accelerated legal operations with AI to:
- Reduce initial contract review time by approximately 90%
- Achieve a monthly ROI of $100K by shortening initial redlining for MSAs, NDAs and procurement contracts, cutting review times by 50-70%
About AI-Powered Contract Review to Accelerate Legal Operations
As legal departments face tighter budgets and static staffing, they are increasingly turning to AI and technology to manage growing workloads more efficiently.
Contract management, often the largest source of spend and inefficiency, offers significant potential for improvement. By using AI to streamline processes for contract management, legal teams can reduce costs, accelerate turnaround times, and ensure more consistent, risk-aware decisions—enabling them to do more with existing resources.
Explore how LogicMonitor streamlined its contract lifecycle, empowered teams, and achieved significant time and cost savings by partnering with an external AI solutions provider.
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