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By Matt Hoy, Associate Director, Legal Solutions UK, Ireland and Europe What do rubber ducks and Nikes have to do with legal data analytics? Nothing at first glance. Until you take a closer look. In 1992 a shipping crate fell off the deck of a cargo ship that was making its way to the US from Hong Kong and plunged into the sea. The crate’s contents spilled into the ocean. One particular crate contained 28,000…
As a cornerstone investor in Bright Minds Capital Partners, Exigent’s mission is to change the way legal tech is funded, led and developed. By David Holme, Exigent’s CEO and Bright Mind’s Chairman Legal tech has been getting a lot of attention lately: it has made the headlines with stellar injections of cash and private equity finally moving in on the sector. All good news. Except it has also attracted the dark side of…
Contract management is laborious, time-consuming and, according to multiple statistics, not performed adequately by the majority of businesses, leading to between 5%-40% loss of value on any given deal. The challenge of contract management is fourfold: the sheer volume of contracts to manage; the lack of visibility of your contracts; the absence of uniformity; and the manpower with which to manage the contract process from drafting to storing to execution. Contract management is, to be…
Contract management is laborious, time-consuming and, according to multiple statistics, not performed adequately by the majority of businesses, leading to between 5%-40% loss of value on any given deal. The challenge of contract management is fourfold: the sheer volume of contracts to manage; the lack of visibility of your contracts; the absence of uniformity; and the manpower with which to manage the contract process from drafting to storing to execution. Contract management is, to be…
Everyone knows that knowledge is power. But in our fueled, fast-moving economy, it’s not just any knowledge; yesterday’s knowledge isn’t as powerful as today’s.  In a business context, markets move by the millisecond, environmental and situational disasters occur in minutes and societal shifts arise overnight. All of which can have a serious impact on organizational strategy.So, what happens to businesses and, legal departments, who don’t have ready access to up-to-date knowledge? Contracts are some of…
To coincide with Exigent’s 16th birthday, Nicola Stott reflects on the rapid rise and evolution of ALSPs and the Legal Process Outsourcing (LPO) industry Playing a role in changing a centuries-old industry is a big responsibility, but Alternative Legal Services Providers are not toddlers in the playground anymore.  We’ve gone through our discovery years, learnt to walk and then run.  We’re ready and eager to make the industry even better.  We’re young enough to have…
Immigration attorneys are struggling with the workload required for their petitions since the last election. Find out how to get a head start in immigration before the next elections in 2020. It’s still 19 months away and yet the countdown to Election Day 2020 has already begun, at least in the minds of the politicians. But for the savvy immigration attorney, preparation should already be underway to consider how a new leader or a second…
How to design a contract management solution that works for where your company is on the journey towards smart contracts Search for the latest in contract management and these days it’s all blockchain and smart contracts. It’s an exciting time to be a GC or a Legal Operations Director. All of a sudden legal is at the center of a technology revolution that will place it squarely on the map of business impact and real…
Smart Contracts. We’ve been hearing about them for some time, and often think about them in an ambiguous way. It’s a bit like the phrase ‘working smarter, not harder’- it’s opaque enough to have multiple meanings depending on who you’re talking to. But the term smart contracts is becoming ubiquitous for describing the combination of new technology (mainly blockchain), and the production, issue, and execution of contracts. But what is a smart contract and…
In the corporate world, we talk about “value,” “returns” and “bottom line” as if we’re shy about the real issue: Money. Legal departments and the general counsel who lead them have always been measured largely by their ability to reduce costs without diminishing the quality of their performance — and as we break into 2019, a time with quantum computing and virtual reality, there’s no denying that legal technology is key to bringing money into the business. But there are…