CORDIS Project
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The project aims to automate contract management in legal services by developing a software tool that integrates artificial intelligence and cloud computing. This tool enhances efficiency by enabling smart drafting and collaboration, significantly reducing the time and risks associated with managing legal documents.
Legal services are key for EU economy (~1% GDP), and digital innovation is critical to overcome technical challenges and fully exploit business opportunities in the sector.
The novel fixed-fee tendency forces legal companies to optimize in efficiency, focusing their technical developments on automation, since 30-50% of their tasks may be automated.
Within these, contract management is an ideal candidate for automation, since it shares a common structure, and represent a major source of revenues:…
LEGAL TECH SERVICES GMBH
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