Posted on August 13, 2020 by Onit -
How efficient is your contract management process? You may be surprised. Reviewing and drafting contracts take up to 70% of an in-house legal department’s time. It’s labor-intensive work when handled manually, often relying on multiple systems, document formats, and reviewers. However, the results can be drastic when artificial intelligence and automation are applied. For example:
- New users are 34% more efficient with their time and 51.5% more productive
- Senior lawyers may reallocate 15% of his time from contract work and team management to higher-value activities
- Cost reductions of 33% related to contract processing
This white paper examines the impact of artificial intelligence (AI) and automation on the entire contract management lifecycle and how lawyers can dramatically streamline many intelligent activities typical of contract work, such as redlining, comparing clauses to corporate standards, and ensuring that fine details comply with corporate policy.
Posted on December 3, 2019 by Onit -
The demand for contract lifecycle management (CLM) solutions is rising across enterprises in the legal, public, healthcare, manufacturing, and financial services sectors. This growth comes as no surprise considering the tremendous value CLM solutions offer. According to the Association of Corporate Counsel (ACC), contract management tools can dramatically shorten cycle times; in billion-dollar companies, legal departments that employ contract management technology reduce their average contract cycle time by 33% (from 30 days to 20 days).
Read this white paper to better understand:
- The drivers behind the growth in demand for contract lifecycle management solutions
- The primary sources of business value from contract lifecycle management software
- What to look for in a contract lifecycle management solution to maximize value
Posted on August 17, 2018 by Onit -
When a powerful contract lifecycle management (CLM) tool is combined with a state-of-the-art legal document management platform, the whole becomes greater than the sum of its parts. Successful contract management is about more than just making life easier for Legal; it should also provide positive impact for all stakeholders in the contract management process – and as Legal becomes an even stronger player in the organization, it can drive even better results for the business through the combination of CLM and document management systems (DMS)
Posted on June 19, 2018 by Onit -
Technology has increasingly played a prominent role in how Legal achieves its objectives. Well-chosen technology solutions now drive efficiencies and control costs in the legal department — and legal operations managers who understand this are taking action.
But there’s more light at the end of the tunnel: when technology solution providers align with CLOC’s core competencies, the legal department’s success already has a running head start. This white paper highlights the transformation of legal operations and covers:
- CLOC’s 12 core competencies of legal operations
- Market trends and the future of the industry
- How technology is driving change
- Onit’s strategic alignment with CLOC
- How an innovative platform helps customers holistically solve their legal department needs
Posted on March 20, 2005 by carl.murray -
A reality check for legal teams serious about execution, not just innovation.
Legal teams aren’t short on technology. It’s lacking traction.
They’re investing in AI, automation, and modern platforms. But transformation still stalls when adoption lags, workflows break down, and new systems never fully take hold.
This checklist helps legal operations teams assess where execution is breaking down and why.
Built from real-world insights shared by legal ops leaders, this isn’t theory. It’s a practical framework to help you diagnose friction, align your team, and turn investment into impact.
Use it to see how work really moves across your organization, where it slows, where it fails, and where it never starts.
In this checklist, you’ll learn how to:
- Identify gaps in stakeholder alignment and internal trust
- Assess whether your processes are ready for change before introducing new technology
- Spot where broken workflows are limiting adoption and impact
- Understand what operational maturity really looks like in practice
- Evaluate your team’s readiness to integrate AI into legal workflows
This checklist is designed for legal ops leaders who want to move beyond implementation and build a function that actually executes.
