While artificial intelligence is creeping into the facets of many industries, a surprising number of corporate legal departments have yet to embrace AI as a tool to analyze and manage contract data, according to a study released on Wednesday. 

Of the 50 large and primarily U.S.-based corporate legal departments in the survey, 62% said they still use Excel, SharePoint or email to manually sift through contract data, an onerous process that likely explains why only 56% of general counsel offices analyze contract performance.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]