The Current State of Contract Automation for Legal Professionals
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The main issue our study highlighted was
this: legal professionals miss out on better
productivity by not using contract
automation tools.
According to our research, 79% of legal
professionals are currently using paper or
emailing Word Documents to handle
contracts. Key concerns with paper or Wordbased documents sent via email include
version confusion, document security issues,
lost documents, and client experience
shortfalls.
In addition, time spent on contracts is
another major area of contention for legal
professionals when documents are sent
manually. Particularly, using email or other
outdated sending methods leads to a lack of
visibility and access, problems tracking
document status, and frustrations when
multiple rounds of revisions arise. Not only
does this create long document handling
times, but it also negatively impacts client
onboarding rates.
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