September 23, 2013
This Gordon Gecko-esque cell phone is a good metaphor for manual rule-based contract metadata extraction systems: Keyword search systems may be sophisticated compared to the status quo of non-technology-aided humans reviewing contracts from scratch.
September 17, 2013
People who review contracts generally need to do this work accurately. In fact, one of the principal problems with the current non-tech enhanced way contracts get reviewed (at law firms and elsewhere) is that people make mistakes in this work.
September 9, 2013
More and more companies are offering contract review software systems. This post gives more details what these systems do and why there are more of them.
July 24, 2013
Under the American Bar Association’s Model Rules of Professional Conduct Rule 1.1, lawyers have a duty to provide competent representation. Under Comment 8 to the Rule, lawyers must maintain their competence:
August 11, 2011
Law firms can increase profits by being more efficient. Sure, this is obvious for firms that bill fixed fee: lower production costs (or the less time time spent on matters) mean greater profits, all other things equal.
June 9, 2011
Continuing our series on the background to what we do (make legal due diligence better, faster and cheaper), here’s an explanation of “legal due diligence” for unfamiliar readers.
May 10, 2011
Ever wonder what “due diligence” is? Then we weren’t colleagues during my law firm days. But read on. DiligenceEngine is focussed on making legal due diligence faster, better and cheaper.