A challenging environment thrusts legal analytics to the forefront, with innovative products offering critical solutions.
The current health and economic crisis has shifted the legal industry in substantial ways. Firms have been pushed to change their structures, alter business decisions, and scrutinize their contracts like never before. Understanding clauses that are in contracts and developing creative strategies to win new business has taken precedence, while the need for predictability and transparency is at the forefront, given significant disruptions to typical workdays and workflows. That said, it’s critical for firms and corporations to understand the drivers and consequences of their actions. And legal analytics has quickly become the catalyst to accomplishing this.