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Blog  |  October 07, 2024

Beyond the Trend: How Cimplifi Pioneered the Convergence of Legal Tech as a Core Strategy

The convergence of legal tech (and services) is not just a trend—it’s a strategic evolution that Cimplifi has anticipated and embraced since 2021. The legal landscape has been rapidly transforming, where once siloed legal tech companies now offer similar multi-capability solutions, primarily driven by advancements in generative AI. Similarly, the unification of traditionally separate disciplines, such as contract analytics and eDiscovery, have also proven to have many commonalities reducing thematic pain points and managing vast amounts of data. As pointed out in the recent article published in Artificial Lawyer on legal tech convergence, this movement is all about bringing various legal disciplines together to drive efficiency and deliver greater value to organizations. At Cimplifi, we’ve been at the forefront of this convergence, aligning our services with these trends and helping clients accelerate their legal operations. We believe that for legal services to meet the demands of today’s dynamic market, organizations must embrace intersecting technologies to gain optimal efficiencies.

In 2022, we demonstrated our commitment to this transformation by hosting a session at Legalweek titled “Legal Operations at the Crossroads: The Convergence of eDiscovery and Contract Analytics.” This session offered critical insights into how legal departments can leverage people, process, and technology to move beyond discovery and drive greater value. We discussed how adopting contract analytics alongside eDiscovery is essential for achieving operational efficiency, mitigating risk, and enhancing compliance.

Furthering our thought leadership, we published a comprehensive report in 2022 titled “Modern Legal Operations: At the Convergence of Law and Business,” which explored the synergies between contract analytics and eDiscovery and provided a roadmap for the unification of these two disciplines. Our follow-up report in 2023, “The Expanding Influence of Legal Operations: An Inside Look at AI, CLM, and Law Department Transformation,” examined the expanding role of AI and contract lifecycle management (CLM) within legal departments, cementing our position as a leader in the contract management space.

The convergence of legal tech focuses on integrating tools into a unified, automated approach, prioritizing scalability and efficiency through technology., Additionally, the convergence of services around the technology brings together expert-driven consulting, providing tailored, end-to-end support. While software emphasizes automation and solutions for large volumes of data, services rely on human expertise for complex strategic guidance. Software solutions streamline processes, while services provide deeper customization and specialized insights. Together, these convergences reflect a shift toward holistic data management, balancing technology with expert intervention.

Cimplifi leadership has consistently highlighted how this convergence is reshaping legal departments, offering a unified approach that integrates eDiscovery, contract analytics, and broader legal operations. We have built our business around these evolving needs, providing forward-thinking solutions that enable legal teams to operate more efficiently and strategically.

For Cimplifi, convergence isn’t just a response to market trends—it’s the strategy we’ve championed to future-proof legal departments. We continue to empower legal teams with innovative solutions that unite contract analytics, eDiscovery, and other key legal services, pushing the boundaries of what’s possible in the evolving legal landscape.

Our ongoing focus remains on helping organizations embrace this convergence to drive meaningful change, enhance efficient legal services, and achieve new levels of maturity in the evolving legal landscape.

Author: Steve Harber

Steve has been at the forefront of the legal technology and AI community for almost 30 years.  He now serves as executive chairman at Cimplifi, providing strategic guidance to the executive team.

 

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