Contract Lifecycle Management Heats Up: Inside the Past, Present and AI-Powered Future
Is CLM a sleepy category of LegalTech or waking back up?
When Ironclad announced that it had crossed $200 million in annual recurring revenue in February, Business Insider heralded the moment with a headline that stated the CLM sector “is showing new signs of life.”
BI noted that Ironclad isn’t just competing with other CLM vendors such as Agiloft and Sirion, but also a “swarm of startups” built on LLMs, while even the foundational models move closer to the legal space.
Contracting is not going away. What’s different is how the work gets done. On that note, a new crop of AI-infused contracts intelligence tools are seeking to disrupt the CLM category or, perhaps, serve as an extension of it.
The latest Venture Legal feature story examines:
- The basics. What is CLM and why it matters.
- A brief history of CLM tools.
- The rise of AI-infused CLM.
- Recent investment activity in the space.
- Putting CLM to work.
A timely event, “Turning Contract Chaos into Intelligence: A Candid Conversation,” and a new podcast interview!
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The Future of AI + LegalTech @ SF Tech Week
As cloud computing and AI expert David Linthicum recently wrote, “AI is often described as a transformative technology, but transformation is anything but easy.” That’s why, as AI transforms the legal sector, it was imperative to convene a panel during SF Tech Week composed of legal industry leaders who’ve made AI work – Okta’s Russell…
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LegalTech Goes Global! (Part 2)
In just the past two weeks, since publishing Venture Legal’s LegalTech Goes Global (Part 1): As VC-funding startups rapidly scale globally, this week’s edition of Venture Legal is Part 2 of the LegalTech Goes Global series. This week I’m exploring: Follow me on Substack and subscribe to read the featured story! Venture Legal,…
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LegalTech Goes Global! (Part 1)
When Business Insider, reporting that LegalTech funding had crossed $1 billion so far this year, curated a select list of 10 LegalTech startups, two hailed from outside the U.S. – Sweden’s Legora, which had an $80M raise in May, and Britain’s Luminance, which had a $75M round in February. This week’s edition of Venture Legal…
