Exigent Blog

Latest from Exigent Blog

It’s a common challenge for all legal departments: How do you demonstrate your value to the rest of the organization? Avoiding litigation, minimizing risk, ensuring compliance — when all of these tasks are performed well, it doesn’t seem like anything happened. Indeed, the legal department’s job is so often to make sure that things don’t happen. This […] The post 5 Insightful Reports You Need to Run on Your Contracts appeared first on Exigent.…
One of the biggest challenges facing law firms and legal departments isn’t gaining knowledge around technology, it’s the overwhelming amount of technology to choose from.  This technology landscape is confusing at best, but at worst, it’s creating decision paralysis as law firms and GCs struggle to determine what’s right for them. The LegalTech sector has […] The post It’s Lit: Why Asking Your Litigation Support Partner These eDiscovery Questions Could Save You Time (and Money) appeared first on Exigent.…
It sounds intimidating and highly complicated, but is machine learning all hyperbole or could it be the hero you need for your legal department? Read our 101 guide to find out. One of the biggest problems with technology is that it never quite lives up to the hype. Anyone who’s tried to connect their game […] The post Why Machine Learning is Key to Legal Transformation appeared first on Exigent.…
It’s obvious that 2020 hasn’t exactly been business as usual. A global pandemic, shaky economy, and contentious politics have all set the scene for a turbulent 2021, especially for law firms and litigants. Here are some of the emerging litigation trends we’ve been seeing and what law firms can expect to experience in 2021. 1. […] The post 6 Litigation Trends That Will Change the Market in 2021 appeared first on Exigent.…
Across all industries, more than a third of businesses have adopted artificial intelligence (AI) into their operations. In finance departments, marketing and sales, research and development — a wide variety of business functions are making use of legal AI to streamline operations and do more with less. The exception is the legal department. According to Thomson Reuters, […] The post AI Isn’t Just a Trend: What Every Legal Professional Needs to Know appeared first on Exigent.…
Highly anticipated news broke Thursday night, not a decision in the US presidential election, but rather the vote outcome of the National Basketball Association (NBA) 2020-21 season. Legal analysts, legal teams, and NBA fans alike are diving into the plan approved by the National Basketball Players Association (NBPA) board of representatives, which includes a season […] The post On the Rim of Force Majeure – NBA & Others Dive Into Contracts appeared first on Exigent.…
There are known unknowns and unknown unknowns — for the legal department, it’s often the case that their potential impact on business outcomes fall in the latter category. When your days are filled with risk mitigation, compliance assurance, litigation management, legal vendor management and the small galaxy of other focal areas for in-house counsel, it […] The post 3 Ways Contract Data Can Drive Business Outcomes appeared first on Exigent.…
Soon after Britain’s initial vote to leave the European Union, then-prime minister Theresa May proclaimed, “Brexit means Brexit and we’re going to make a success of it.” At the time, her government was optimistic that they would hit their target March 2019 exit deadline, negotiate a favorable trade deal with the EU and find a solution […] The post Brexit Is Coming: How GCs Can Prepare for Immigration Uncertainty appeared first on Exigent.…
The role of the GC is changing – faster than ever. By building a data-driven culture within legal, GCs can demonstrate greater commercial awareness and take their seat with the CEO and CFO. There’s a saying that if you play by the old rules, you won’t win the new battles. Never has that been truer […] The post It’s Time to Build a Data-Driven Culture Inside Legal appeared first on Exigent.…
Seeing what software is capable of today is enough to turn anyone into a Luddite. Automation, artificial intelligence (AI) and advanced software have already made millions of jobs obsolete. There aren’t any typists or switchboard operators anymore. Manufacturers, drivers and many other human-based roles are rapidly disappearing. Are paralegals and lawyers next? For many in […] The post eDiscovery Software Hasn’t Replaced Humans, But They Need to Work Together appeared first on Exigent.…
Innovation is hard – it’s not simply deploying the latest legal tech – it’s a mindset change. Here we give you six practical ways you can start cultivating a culture for innovation inside your organization  You’re being asked to innovate, to ideate and to transform your department or your law firm. So you start to evaluate the legal technology available, and asking questions; what has […] The post How to develop a culture of innovation and why it’s not just about technology appeared first on Exigent.…
Even if the legal industry hasn’t always embraced change with open arms, new technologies have nevertheless made their mark. The internet, the cloud, eDiscovery systems – now, predictive analytics solutions represent the latest technology with the potential to transform how the legal industry operates. Watching this transformation unfold and responding accordingly will be key to coming […] The post Will Legal Predictive Analytics Transform the Industry? appeared first on Exigent.…
Your contract portfolio isn’t just a collection of agreements your organization has made with other parties. It serves as a snapshot of your organization’s performance, a database of the most fundamental markers of a business’s success: vendor relationships, deals, acquisitions, supply chain agreements, financial arrangements and more. But most stakeholders don’t realize contracts serve as […] The post Valuable Insights You’re Missing Without Contract Analytics appeared first on Exigent.…
Legal spend is once again under the spotlight. But without visibility over your panel firms, it’s impossible to drive deep cost savings. Legal Spend Management could help. Here’s how. Your CFO/procurement director has just emailed to ask how may law firms you’re working with. The most common answer? No clue! But now more than ever, […] The post How to Take Back Control of Your Legal Spend appeared first on Exigent.…