Accuracy Problems or Unrealistic Expectations? The Problem With Contract Tech Adoption
Law firms still have to advocate for contract analysis technology and explain the efficiencies inherent in a less than perfect software, according to a Thursday ILTA>ON panel.
August 28, 2020 at 10:32 AM
3 minute read
If a contract review software's accuracy is less than perfect, some lawyers likely won't want to use it. In fact, they might view the AI software as a threat to their practice and not worthy of their time, panelists said during a Thursday ILTA>ON conference panel.
The "Contract Review Evolution: Still Faces Challenges, Most Agree" panel brought together Ned Gannon, president of contract software company eBrevia Inc.; Martha Ridge Breil, law firm McGuire Woods' knowledge management leader; and Sondra Rebenchuk, law firm Blake, Cassels & Graydon legal technology and process improvement counsel to discuss how they are implementing contract review software, despite some hesitations.
While due diligence has become the primary use case for contract review, Rebenchuk noted she still receives pushback from some lawyers nervous about the software's accuracy, which usually hovers around 85%.
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