Knowing what AI can do with contract generation and management, having a CLM is just half of the battle. There are lots of true automation you can deploy in addition to or on top of a CLM, many of which are not being offered or properly set up by a CLM Vendor. 

When we talk about machine learning’s application in legal agreements, we have to teach the machine what in-house counsel teams typically fight about and how to resolve such fights depending on the leverage and positioning of the parties. So what do counsel most fight about? And how do they structure an agreement in a fair, mutually beneficial way? Here are some thoughts. ‍

Since the development and advancement of large language models (“LLMs”), we have discussed and debated its application in domain verticals such as legal tech in depth. During this process, we have heard many misconceptions and misunderstandings of how LLMs work in a specific domain. Here are five common misconceptions.