Ironclad

It's no wonder why enterprise users are the fastest growing segment within Ironclad: on average, enterprises see a 215% increase in workflows launched while completing contracts 45% faster -- reducing the back and forth during contract negotiations by 25%. Learn more about how enterprises are using Ironclad to drive impact and efficiency - and some more fun news in our latest roundup of news 👇 https://lnkd.in/g2_4N_4s

🌟 Hot Tips and Insights on AI in Legal! 🌟 Join us as we delve into the latest findings from the State of AI in Legal Report, covering adoption rates, sentiment, and top use cases in law firms and in-house legal teams. Discover strategies to leverage AI effectively in a competitive legal landscape and gain insights from legal tech leaders at OpenAI and Reddit on real-world AI applications in legal practices. 🔍 Explore the future of AI in law with us on JULY 11 AT 10AM PT / 1PM ET🔗 Register Now: https://lnkd.in/gr7NxtGX Harvard Law School, Reddit, Inc., Orrick, Herrington & Sutcliffe LLP, Mary O'Carroll OpenAI

📣 In case you missed it.... we're jazzed to have Michel Feaster on the team as our new Chief Product Officer! 🎉 🙌 https://lnkd.in/g2_4N_4s

🤔 What percentage of law firms have banned the use of AI? 10% 25% 50% Take a guess below and watch as we surprise Diana from PGA TOUR with the answer! Check out more key findings from the State of AI in legal report: https://lnkd.in/eY3ztD8G

“The opportunity in fixing contracts is so enormous. Any improvement to the way they’re executed, the way they’re managed, has the potential to unlock and create extreme value that does not currently exist.” Contracts are the final frontier of digital transformation for many organizations. Every other part of the business is digitized, but contracts remain, for the most part, manual and cumbersome. By shifting toward AI and automation, organizations are finding the silver bullet that unlocks efficiency and communication across teams, opening up a world of possibilities found within once-siloed data — from #PearlsOnGlovesOff with Mary O'Carroll. Discover the entire episode—click the link! https://lnkd.in/gipYgZ6G

Legal teams and law firms are beginning to adopt AI to simplify routine tasks. Almost 90% of in-house lawyers use the technology compared to 60% of law firm lawyers. Great piece from Robert Freedman at Legal Dive that dives into the State of AI in Legal report. https://lnkd.in/gyJfXwHQ

🚀 Accelerating Deal Cycles with Salesforce Integration 🚀 Contracting is how business gets done. That’s why we’ve integrated Ironclad CLM with Salesforce to streamline our sales process and close deals 70% faster. Our latest Sales Order Form Workflow leverages this powerful integration, enabling our 100-person sales team to generate accurate and compliant contracts swiftly and scale our operations seamlessly. The result? Increased efficiency, enhanced data integrity, and a significantly accelerated deal cycle. Learn how we did it and discover our remarkable results: * 60% of New and Expansion Business Order Forms and 70% of Renewal Order * Forms don’t require manual review. * Dramatic increase in contract accuracy rates. * Significant reduction in average time to close a deal. Dive into our success story and see how you can achieve the same results with Ironclad and Salesforce. https://lnkd.in/gCudgEg6

Did you take a guess at our poll about AI adoption for legal teams last week? You were all on the money 💰 with your guesses!! 78% of you thought in-house legal teams were further along with adoption of AI. Here's the actual stats from the recently-released State of AI report (full link in comments) ➡️ In-house legal teams were also adopting AI at a higher rate than law firms, with 84% of in-house respondents saying they use AI tools for legal work, versus 60% at law firms. In-house teams are also more likely to invest in AI than their law firm counterparts, with 84% of in- house teams planning to invest versus 58% of law firms. Stay tuned this week for another poll. 🕰️ 📝

“Contracts are core to every business worldwide, and our clients, who range from mid-market to large-scale enterprises, can reap the benefits of faster contracting cycles, unified contracting data and analytics, scaled compliance, and more.” – Ian West, Head of Alliances KPMG UK on our new strategic alliance to help organizations across EMEA transform their contract lifecycle management processes. Check out further details of the partnership. 🤝 https://lnkd.in/g2_4N_4s