Ironclad

🚀 Ready to transform your procurement game? We've got just the event for you! 🌟 ProcureCon US Virtual Masterclass with Ironclad 🌟 Who? Melissa Drew from Simply-Transformed, Gaston Alvarado from Lincoln Electric and Toby Laforest from Ironclad. 📅 When: July 16 Discover how AI can revolutionize your procurement contract processes in less than an hour! ⏰ What’s in it for you? 👇 🔹 Speed Up Operations: Free up valuable time to focus on tasks that add business value. 🔹 Centralize Agreements: Automate systems to manage all your buy-side agreements efficiently. 🔹 Gain Actionable Data: Understand your contracts to prevent rogue purchases and contract leakage. 🔹 Identify High-Value Vendors: Use intelligent AI tools to recognize and strengthen valuable vendor relationships. Don’t miss this golden opportunity to take your procurement strategy to the next level! 🚀 ✨ RSVP Now ✨ https://bit.ly/4ehC6dM

Everyone is talking about it, so if you missed it, the recording is now available. What an incredible discussion on the state of AI in legal with this all star cross-ecosystem cast from Harvard Law School, OpenAI, Reddit, Inc., and Orrick, Herrington & Sutcliffe LLP. I feel lucky to have participated in this!

Who uses more AI? Law firms or in house legal teams? Share your guess in the comments below and watch as Jessica from L'Oréal zeroes in on the answer. Want to dig deeper into the state of AI in legal? Download the report: https://lnkd.in/eY3ztD8G

How do you create a foundation of control that spans across all apps, allowing people to track, set policy, manage encryption, and restrict apps at scale? Ironclad Chief Information Security Officer John Fiedler shares the new rules of Saas application security 👉 https://lnkd.in/eC8d7EWh

When Legal Consultant Gal Bruck joined Demostack in 2021, she faced a daunting challenge: sprawling contract data coupled with ad hoc requests from all corners of the 100-person business. Gal jumped into Ironclad and started seeing results: Routine contracting accelerated, and higher-value advisory work took precedence over administrative tasks. Discover Demostack’s implementation journey, and schedule a demo to get started with your own: https://lnkd.in/gafXPHdQ

𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗔𝗜 𝗙𝗿𝗼𝗻𝘁𝗶𝗲𝗿: 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝟮𝟬𝟮𝟰 𝗦𝘁𝗮𝘁𝗲 𝗼𝗳 𝗔𝗜 𝗶𝗻 𝗟𝗲𝗴𝗮𝗹 𝗥𝗲𝗽𝗼𝗿𝘁 & 𝗦𝗲𝗺𝗶𝗻𝗮𝗿 In a riveting panel discussion conducted by Ironclad and based on their first “𝗦𝘁𝗮𝘁𝗲 𝗼𝗳 𝗔𝗜 𝗶𝗻 𝗟𝗲𝗴𝗮𝗹 𝗔𝗻𝗻𝘂𝗮𝗹 𝗥𝗲𝗽𝗼𝗿𝘁”, legal luminaries and tech visionaries converged to dissect the transformative potential of Artificial Intelligence (AI) within the legal profession. The virtual seminar offered a glimpse into the future of law, where algorithms and jurisprudence intersect. Here is a comprehensive breakdown: 𝟭. 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 The legal industry, often perceived as a bastion of tradition, is now at the forefront of AI adoption. Law firms, in-house teams, and academia are fervently exploring AI applications. 𝟮. 𝗕𝗮𝗹𝗮𝗻𝗰𝗶𝗻𝗴 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗮𝗻𝗱 𝗥𝗶𝘀𝗸𝘀 Despite the efficiency gains, speakers sounded the alarm on an overreliance of AI, citing the specter of hallucinations and errors and people trusting AI too much. 𝟯. 𝗧𝗿𝘂𝘀𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗦𝗶𝗹𝗶𝗰𝗼𝗻 𝗖𝗼𝘂𝗻𝘀𝗲𝗹 * 74% of legal professionals use AI for legal work. * 92% of AI users report improved work quality. * 57% of dissatisfied legal professionals believe AI could alleviate their woes. 𝟰. 𝗜𝗻-𝗛𝗼𝘂𝘀𝗲 𝗧𝗲𝗮𝗺𝘀: 𝗧𝗵𝗲 𝗔𝗜 𝗧𝗿𝗮𝗶𝗹𝗯𝗹𝗮𝘇𝗲𝗿𝘀 In-house legal teams are quickly adopting the use of AI, and legal AI software is flooding the market. Meanwhile, law firms tend to tread more cautiously. 𝟱. 𝗟𝗲𝗴𝗮𝗹 𝗕𝘂𝗿𝗻𝗼𝘂𝘁: 𝗘𝗻𝘁𝗲𝗿 𝘁𝗵𝗲 𝗔𝗜 𝗦𝗾𝘂𝗶𝗿𝗲 With the rise of legal burnout, AI has arrived just in the nick of time. AI stands ready to provide the legal community with a much-needed reprieve and a shield against the chaos of the ever-changing landscape. 𝟲. 𝗔𝘂𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻, 𝗡𝗼𝘁 𝗥𝗲𝗽𝗹𝗮𝗰𝗲𝗺𝗲𝗻𝘁 Will AI replace lawyers? The prevailing trend says no, but those who embrace AI tools will likely thrive. Chief Justice Roberts noted that the law involves nuanced gray areas demanding human judgment. 𝟳. 𝗟𝗲𝗴𝗮𝗹 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 Legal education stands at a crossroads, where the integration of AI becomes not just an option but a necessity. 𝟴. 𝗔𝗜 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝗟𝗲𝗴𝗮𝗹 𝗪𝗼𝗿𝗸 AI's biggest asset will most likely be contract analysis. New legal AI roles will also emerge. Policies and legal frameworks will need to evolve. The legal profession needs a growth mindset 𝟵. 𝗧𝗵𝗲 𝗩𝗲𝗿𝗱𝗶𝗰𝘁: 𝗔𝗜 𝗢𝗽𝘁𝗶𝗺𝗶𝘀𝗺 Imagine an AI gavel that doesn’t replace justice but amplifies it. The legal community is already adopting AI, and the discussions surrounding it are meant to temper it like a steel sword rather than simply trusting it to fate. We are all set to embrace “AI-assisted research” and our legacy will be etched in digital ink. #FutureofLaw #AIinLaw 𝗵𝘁𝘁𝗽𝘀://𝗶𝗿𝗼𝗻𝗰𝗹𝗮𝗱𝗮𝗽𝗽.𝗰𝗼𝗺/𝗹𝗽/𝟮𝟬𝟮𝟰-𝘀𝘁𝗮𝘁𝗲-𝗼𝗳-𝗮𝗶-𝗿𝗲𝗽𝗼𝗿𝘁

Most lawyers are optimistic about AI and believe regulation will help. Additionally: ▪️ 79% are excited to see what potential AI has for legal ▪️ 83% would be more open to using AI tools at their workplace if there was proper regulation surrounding its use Do you agree? Drop a comment below and let us know the impact AI is having on your teams. Dig into these findings and more from the 2024 State of AI in Legal Report, an independent survey of 800+ attorneys + legal professionals: https://lnkd.in/eY3ztD8G

Heading to Midwest Dreamin' next week? Swing by the Ironclad booth (#20) to get a demo of the latest and greatest features of our solutions AND get the scoop on our integration with Salesforce. https://lnkd.in/ent5HDN

InStride was facing three challenges in delivering a seamless contract experience at scale: ▪️ Simplified company registration ▪️ Streamlined data management ▪️ Enhanced employee sign-ups Stephen Chu leaned into Ironclad Clickwrap to solve the challenge. Because clickwraps are non-negotiable agreements, lawyers don’t need to step in to negotiate, and Ironclad Clickwrap gathers legally binding digital acceptance with just a click. The result? Instride was able to onboard a goal-breaking number of new businesses to scale the business with ease. Read on to explore the opportunity: https://lnkd.in/ggxhjweW

The results are in and looks like most of you didn't cheat. In the State of AI report, we unveiled that 71% of legal professionals trust AI and 74% are using it. Discover more gems on how AI is being used in the legal industry here: https://lnkd.in/eY3ztD8G