The last six months have been jampacked with news that upends the AI industry and has massive ramifications for legal departments looking to use AI intelligently. This article aims to provide a quick summary of the biggest news stories and what they mean for the future of AI-powered legaltech. It is no exaggeration to say that almost everyone in tech has been selling a partial truth about Artificial Intelligence. Massive capital injections into AI have eclipsed traditional ve

Docgility recently unveiled the Virtual Collaboration Network (VCN), a foundational technology designed to facilitate multi-party, multi-company live contract negotiations. This blog defines live contract negotiations and describes the technology approaches used to facilitate this key advance in contract negotiations. Background In the enterprise contracting ecosystem, the most important metric is Contract Cycle Time (the time between contract intent and executed contract). L

Why Don’t Our Contracting Systems Talk to Each Other? In the modern enterprise, documents are usually static. But contracts? They are a different beast entirely. They undergo rigorous drafting, cross-departmental stakeholder review, and multi-party negotiations before reaching their final, executed state. Only upon signature do they transform into a static document that we store for compliance and reference. Yet, despite this highly collaborative nature, the common Contract