Why you should automate your contract negotiation process
Contract negotiation is arguably the most important part of signing a deal—yet it’s overly slow, error-prone, and expensive. That’s where automation comes in.
Beyond automated contract markup: From redlining to signing deals
Lawyers need contract review tools that augment their valuable skill set and help them move deals to signature by intelligently identifying real issues.
Why deal velocity in Legal is the crucial metric you aren’t tracking
You’ve likely heard of the importance of sales velocity. However, there’s another metric that’s arguably even more crucial: deal velocity.Sales velocity—a measurement of how quickly a deal moves through your pipeline—has long been considered a crucial metric. But sales velocity alone doesn't tell the whole story. The time taken by the contract review process, also known as deal velocity,…
How can legal operations help lawyers accelerate contract negotiation?
For too long, inside counsel has been plagued by inefficient, overly time-consuming contracting processes. Legal operations can offer a better approach—contract acceleration.
Faster contract negotiation closes more deals: The business case for contract acceleration
When it comes to contract negotiation, speed is of the essence. Re-think inefficient, time-consuming manual legal review and let contract acceleration take your contracting to the next level.
The problem with manual legal review in contract negotiation
Manual legal review hinders progress, eats into margins, and kills deals. It’s time for lawyers to adopt a smarter approach to contracting.
Accelerating legal negotiation with contract analytics
How contract analytics can help inside counsel balance the demand for speed with the need for accuracy.
What's contract acceleration and how does it improve negotiation?
Contract negotiation is a lengthy, overly complex process. But adopting contract acceleration helps lawyers gain more control, reduce risk and close deals faster.
Six tips for successful contract negotiation
How in-house lawyers can help the business to contract with greater accuracy and efficiency so the full value of every deal is realised.
The role of AI in forward-thinking legal procurement strategies
Learn how progressive businesses are using technology to overcome the age-old problems of delays.
Contract negotiation best practices every lawyer should know
How inside counsel can use technology to reduce risk and improve speed.
Experience the critical commodity in deal negotiation
Is a 5 year PQE lawyer worth double their 2.5 year PQE self? The answer is almost certainly yes, and perhaps triple that value if they can find a way to be more experienced than their years. Why is experience so important?
ThoughtRiver unveils Contract Acceleration Platform to help lawyers contract faster and with less risk
ThoughtRiver, the first mover and market leader in pre-signature contract review, today launches its Contract Acceleration Platform (CAP). ThoughtRiver’s CAP enables in-house legal teams and the law firms serving them to contract faster, with less risk.
Contract analytics can accelerate legal negotiation
How contract analytics can help inside counsel balance the demand for speed with the need for accuracy.
How can I speed up sales?
The relationship between a sales organisation and its legal team has always been an important one. Any good sales professional should know the value of a strong legal partner and how this relationship can be critical in closing deals.
Contract analytics is empowering the GC to become more strategic
Picture the scene. A quarterly board meeting at a mid-sized or large business, with leadership and all the ‘heads of’ gathered round the (potentially virtual) table. Head of Sales speaks and presents a graph showing significant growth in the number of sales over the quarter, and presents a detailed forecast of future deals all pulled from their CRM system. Contented murmurings all round…
What it really means to be a better lawyer
Many things aren’t represented accurately on the big (or small) screen. Poker games rarely end with eight players going all in with increasingly superb hands. Hospitals, sadly, aren’t exclusively filled with wise-cracking and devastatingly good-looking medical staff. Yet perhaps one of the most egregious is the representation of the lawyer’s day-to-day life.
Three rapid insights use cases with ThoughtRiver
Discover three example scenarios where rapid insight is crucial in reacting quickly to external factors.
Digital transformation in a legal department: how to get started?
There are many reasons why a corporate legal department might decide to embark on a digital transformation journey, and a number of different ways to navigate that journey once embarked upon. This article aims to explore a sensible approach to define that journey into manageable and achievable steps. It is extremely important to approach transformation projects with a powerful and far-reaching…
ThoughtRiver secures $10M funding to support global expansion as lawyers look to automate contracting and accelerate deal velocity
ThoughtRiver, the market leader in automated contract review and pre-screening, has today announced $10M (£7.5M) in Series A funding. The round is led by Octopus Ventures, a leading European venture capital firm which invests in technology innovation leaders.
What will the legal landscape look like in 2025?
Lawyers and law firms have spent many years preparing long-term transformation plans, as the industry adjusts to advances in technology and working practices. Not many decision-makers, however, could be accused of standing well ahead of the curve. Instead, planning has often been focused on not being left behind by the accelerating pace of change, while many employees and executives dug in their…
Why Deal Velocity means more to your business than just faster sales
Speed up procurement to rapidly realise savings…In the same way that sales leaders are targeted with increasing sales and maximising revenues, procurement leaders are targeted with reducing costs and managing risk. These two functions are vital to all organisations so in this article I would like to explore the importance of deal velocity for procurement contracts and how that drives …
What is Automated Contract Review?
To answer that, first, let us look at what the contract review process is and then examine the automation element.
‘Lawyers of the future’ offered professional training online by ThoughtRiver and F-Lex
The next generation of lawyers, which has seen careers and training disrupted by the Covid-19 pandemic, is now being offered professional training through a series of virtual webinars.
5 benefits of Automated Contract Review
Pre-screening contracts is not a new phenomenon: it has been around for centuries, performed by paralegals and junior lawyers on almost every business contract ever signed. Now, it is being performed by technology.Contract pre-screening is a part of AI contract review and is the act of reviewing a third-party legal contract for issues and risks against your companies’ policies.