This is the final blog of a five-part series on CLM Adoption in the Age of AI. Read the first blog here.
As generative AI reshapes the business world, corporate legal teams must reevaluate their approach to contract lifecycle management. While budget and resourcing constraints are nothing new, the pressure to leverage technology—particularly genAI—to operate more efficiently and cost effectively has never been greater.
For some organizations looking to enhance their CLM technology with AI tools, challenges to adopting and implementing new technology can seem insurmountable. Based on what we have seen working with corporate legal teams and law firms, these may include:
- Lack of in-house genAI expertise
- Struggle to select the right solution from among the vast and growing number of choices
- Cost of new tool onboarding and training
Adopting a “tech-as-a-service” approach with a trusted Alternative Legal Service Provider (ALSP) addresses these concerns. Providers, like Integreon, bring you an AI-enabled solution with a trained staff to operate the environment and experienced professionals that can tailor the AI performance to your specific requirements. Whether you need drafting and redline review capabilities or analysis of your repository of agreements, your ALSP partner allows you to immediately launch the benefits of AI without the upfront costs and risks.
Besides lowered risk and less cost, there are other benefits to deploying AI through a “tech as a service” solution:
- Access to specialized talent: Avoid the time and effort of recruiting and training new employees who have the requisite skillsets. Instead, simply deploy those skilled resources through your ALSP.
- Contracting process and workflow experience: Subject matter experts from an ALSP have the benefit of working alongside companies across a multitude of industries with a myriad of contracting challenges. They can apply this experience to your unique situation.
- Expert configuration of genAI modules: an ALSP will be adept in making sure you are taking advantage of all of a tool’s capabilities and fitting them to your requirements.
- Test and Learn: ALSPs allow you to experiment with emerging AI technologies on a smaller scale before fully committing to a single investment.
- Curated tech stack: An ALSP’s solutions are fine tuned to optimize the tech tools they use. Suitability and testing have been handled for
- Strategic partnership: An experienced yet nimble ALSP continues to innovate and stay on top of technology advancements while balancing new capabilities against operational effectiveness.
As a pioneering ALSP with over 25 years in the legal industry, Integreon is well-positioned to guide clients through their transition into AI-enhanced services. Technology agile with deep industry expertise and supported by a team of experts from key industry sectors, Integreon is committed to providing clients with unbiased insights and support as we navigate the months ahead.
If you are interested in learning more about how you can effectively evaluate, adopt, and optimize CLM technology in 2025, especially given the new dimension genAI creates for this class of legal tech, download our eBook, “A Legal Department’s Guide to CLM Adoption in the Age of AI.”
