Peer to Peer Magazine

Summer 2016

The quarterly publication of the International Legal Technology Association

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Page 24 of 83

26 PEER TO PEER: THE QUARTERLY MAGAZINE OF ILTA | SUMMER 2016 Tools To Analyze the Contents of Contracts Contract discovery is an emerging high-value technology set for corporate legal departments. This technology, provided by companies like kReveal, Brightleaf and Seal Soware, can assist organizations in finding all of their enterprise contracts, whether they live in the legal department, the procurement department or within other corporate lines of business. Beer yet, this technology can analyze the content of contracts. This, along with very specific, high- value processes and legal review, can help aorneys identify contract exposures they never knew about and identify areas of noncompliance and opportunity –– enabling the general counsel to be a profit generator. Dan Safran LegalShi, LLC What future technologies should firms expect to incorporate into business operations? ASK THE VENDOR What future technologies should law firms and corporate legal departments expect to incorporate into business operations? Virtual Reality With rapid advancements in technology, a development that could produce very intriguing applications for law firms is the utilization of virtual reality in business operations. Imagine viewing real-world images of accident scenes or live playback of testimony accessed instantly. Think about inspecting evidence without having to physically handle or disturb it. The opportunities to productively use this technology, both inside and outside the courtroom, abound. Phil Homburger LawBase

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