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The New Convergence of Legal Tech & Services

November 20, 2024

GenAI is transforming how legal teams work, but successful implementation requires more than just technology. Factor shares practical insights on embedding AI into existing workflows and previews two powerful tools revolutionizing contract management.

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The New Convergence of Legal Tech & Services

November 20, 2024

GenAI is transforming how legal teams work, but successful implementation requires more than just technology. Factor shares practical insights on embedding AI into existing workflows and previews two powerful tools revolutionizing contract management.

AI Revolution in Alternative Investments: Equipping the Captains of Industry

November 14, 2024

In a recent article for Alternatives Watch, Factor’s Bern Buys foresees transformative trends in how alternative investment firms leverage AI to enhance operations and decision-making processes.

Striking A Balance Between AI Use And Attorney Well-Being

November 5, 2024

In a recent article for Law360, Factor's Ed Sohn explores why GenAI's promise has made the most innovative and skilled lawyers feel an unexpected sense of vulnerability.

Announcing The Sense Collective 2025 [Webinar]

October 30, 2024

Catch the full webinar recording of The Sense Collective 2025 announcement and discover key learnings from Factor's legal innovation community's AI initiatives and collaborative achievements.

Treasury Clearing Takes Center Stage: Key Insights from the ISDA Derivatives Trading and Treasury Forum

October 16, 2024

Following ISDA's Derivatives Trading and Treasury Forum, Factor's Tom Reynolds explores the U.S. Treasury clearing mandate, examining market readiness, clearing models, and documentation challenges.

The $26 Trillion Regulatory Challenge: How Past Lessons Can Shape Treasury Clearing Reform

September 30, 2024

As the deadline for U.S. Treasury Clearing looms, Factor's Tom Reynolds explains how financial institutions can leverage lessons from past regulatory overhauls to navigate this $26 trillion challenge.

Building Excellence: Optimizing Private Fund Transactions

September 6, 2024

In a recent article in Alternatives Watch, Factor's Bern Buys explores how private fund managers can reduce negotiation times and lower transaction costs by creating a scalable and responsive contracting ecosystem.

The Biotech CFO’s Secret Lever: Optimizing Clinical Trial Agreements

September 3, 2024

In a recent edition of CenterWatch Monthly, Factor's Karl Dorwart explains how optimizing clinical trial agreements can serve as a powerful lever for biotech CFOs to accelerate innovation, reduce costs, and boost revenue throughout the drug development process.

Rewriting the Playbook: How Private Equity Can Evolve Without Regulatory Reform

In a new article for Private Funds CFO, Factor's Bern Buys discusses how private equity can evolve through self-regulation and technological innovation in the wake of rejected SEC oversight rules.

Legal Ops Considerations for Emerging Biotechs

Another chance to watch our recent webinar and discover key strategies that will transform your biotech's legal operations and drive growth.

Biotech Savings Hiding in Plain Sight: Why CFOs Should Look to Clinical Trial Contracting to Reduce Costs

The CFO in biotech and pharma plays a crucial role in guiding investments to enable the drug pipeline. Factor's Karl Dorwart explains why optimizing the clinical trial contracting process, often overlooked, can significantly reduce costs, accelerate time-to-market, and maximize revenue.

The 18 Months that (Finally) Galvanized Legal

Catch up on an enlightening discussion on the evolving impact of Generative AI (GenAI) on the legal industry while exploring its transformative potential across various sectors.

When Site Start-Up Goes Wrong: 4 Contracting Pitfalls To Avoid

Factor's Karl Dorwart explores four common pitfalls in site start-up and offers strategies to reduce delays, cut costs, increase standardization, and enable faster commencement of clinical trial sites, ultimately improving patient outcomes.

One Biotech’s Journey to 50% Faster Clinical Trial Contracting

A client case study from a rapidly growing, multi-product biotechnology company that partnered with Factor to reduce contracting cycle time, address revenue leaks from delayed clinical trial site start-ups, and build a clear roadmap for scalable contracting in the future.

Sense & Sensibility, Part 2 - The Challenge for General Counsel to Influence and Lead in an AI-Ubiquitous World - On-demand Webinar

Another chance to watch our recent webinar with expert insights on enabling your team to navigate GenAI, featuring white paper co-authors Ed Sohn and Jae Um, alongside Microsoft's Lydia Petrakis.

Innovating Beyond the Lab: The Critical Role of Contracting in Research

Clinical research saves lives, but faces significant hurdles due to inefficient clinical trial contracting practices. Factor's Karl Dorwart explores sustainable contracting models that streamline research, accelerate innovation, and speed the journey to market-ready products.

Generative AI: Disruption and Adaptation in Legal Operations

GenAI is transforming legal operations, enhancing efficiency, and driving innovation. Hosting a panel at the CLOC Global Institute 2024, David Mainiero shared strategies for integrating GenAI into legal workflows to empower your legal team.

GenAI and Legal: Five Ways to Win Support and Future-Proof Your Projects

Ahead of 2024 CLOC Global Institute, Factor’s David Mainiero explores strategies to win support, future-proof legal projects, and harness GenAI for enhanced legal operations.

Embracing GenAI in the Derivatives Market: A Leap Towards Future-Proofing Finance

Factor’s Tom Reynolds, participant in ISDA’s Future Leaders in Derivatives program, explores the profound impact GenAI could have on the derivatives sector, spotlighting innovations, key applications, associated risks, and strategic mitigations.

GenAI: Sharpening Decision-Making and Enhancing Adaptability in Legal Ops

Factor’s David Mainiero explores the seismic changes GenAI brings to legal operations, and – ahead of the 2024 CLOC Global Institute - shares key considerations for long-term planning in the face of known unknowns, particularly relative to the fast-evolving landscape.

Navigating GenAI: A Strategic Guide for Legal Ops Professionals

Ahead of the 2024 CLOC Global Institute, Factor’s David Mainiero explores how legal ops professionals can strategically adopt GenAI, with insights from our recent webinar, focused on driving innovation and minimizing investment risks.

Your GenAI Legal Roadmap: Delivering Wins While the Game is Changing - On-demand Webinar

Listen to this recent webinar with expert insights on integrating Generative AI in legal operations, minimizing risks, and making strategic adjustments. Discover actionable steps to thrive in the evolving landscape of legal services.

Why The ‘Illusion’ Of Speed In Clinical Trials Unravels As Contracting Demands Scale

For biotech companies, speed is of the essence when it comes to clinical trials, but the sense of urgency to achieve site start-up can often be throttled as operational inefficiencies surface.

Digital Operational Resilience Act: Key Challenges for Technology Providers

As the deadline for DORA compliance within the EU member states looms closer, ICT service providers must take proactive steps to improve their digital operational resilience capabilities to financial entities.

AI and the GC: Navigating a New Era of Partnership as a Legal Leader

February 26, 2024

Explore how GCs grappling with the GenAI boom can shift perspective away from GenAI as a tool to buy, towards a capability to learn, taking a human-centric approach that empowers teams to embrace AI as a value-add team member.   

Top In-House Counsel Band Together to Experiment with Gen AI

February 23, 2024

For all the hype and excitement around the potential of generative artificial intelligence to transform the legal industry, corporate legal departments are largely still in the “experimentation” phase of using the technology, according to the leader of a new project that will bring together in-house lawyers to discuss best uses of AI tools.

Live from LegalWeek: Business Transformation in the Age of AI

February 5, 2024

In this episode of the “Live from LegalWeek," Factor’s Jess Block discussed how we are elevating technology by focusing on people-centric transformation.

How DORA Regulations are Securing the EU Banking System for the Digital Age

January 18, 2024

By reframing the focus from a compliance challenge to an opportunity for improving operational resilience, financial institutions should view the impending EU regulation as a way to mitigate cybersecurity blind spots.

In-Life Contract Management: A Strategic Approach to Enhance Protection, Profitability, and Revenue Generation

January 10, 2024

An in-life contract management strategy recognizes that contracts are not static, but living entities that needs to be actively managed to ensure compliance, risk mitigation and value realization.

The Future of Corporate Governance: Solving the Demand for Company Secretaries

January 9, 2024

Amid emerging challenges posed by the rise of GenAI and looming regulatory changes, corporate secretarial teams are of strategic and advisory importance. Major adjustments are needed to stay ahead of the curve.

The Future Ready GC: 2024 Challenges and Opportunities

December 14, 2023

Join us for Part 1 of The Future Ready GC series where we discuss 2024 challenges and opportunities for GCs and their legal teams.

What Traits Do CEOs Value Most in their Legal Leaders?

December 7, 2023

In this recent virtual event, our guests unravel the traits that make an exceptional GC and how this critical role is shaping the future of business leadership.

Build vs Buy Will Never Be the Same Again, Thanks to Custom GenAI

November 30, 2023

The rise of the empowered user-builder heralds innumerable new ways of working for in-house teams. GCs should identify their own paths to accelerate how this arrives in their legal function.

Generative AI’s Rise in Legal Space Could Be a Win for Clients

November 17, 2023

Factor’s Ed Sohn and Six Parsecs’ Jae Um consider how AI will impact different types of legal work and in-house’s relationship with outside counsel.

Decisions of First Impression: AI Readiness for Legal Leaders

October 20, 2023

In our recent webinar, we dive into the impacts and implications of generative AI for the general counsel’s office.

How Contractual Data Models Can Help Banks Through Market Stress

August 15, 2023

Contractual data models and portfolio-level contract reviews can help decision-makers prepare for challenges ahead.

From Lawyer to Leader Faster: Key Takeaways from the 2023 In-House Impact Life Sciences Conference

In-house Impact: Life Sciences is the only forum dedicated to legal leaders working in the life sciences industry. Read about the core themes from this year’s conference and the key takeaways for legal leaders.

Unlocking the Potential of AI in the Legal Industry: Insights from Medical Record Studies

By leveraging specialized AI models, providing clear instructions, and understanding the potential and limitations of AI, the legal field can streamline information analysis and extraction. Michael shares five tips to help you get the most out of AI.

Gaining AI Fluency in the Legal Profession: Understanding Machine Learning

Artificial intelligence influences our lives significantly, but it often feels mysterious. In this article, we aim to demystify machine learning, a crucial branch of AI for the legal community.

Navigating Change: Frameworks for Engaging People in Complex Environments

Change within complex environments can be challenging, but utilizing effective frameworks can help us engage people throughout the journey. Michael Callier shares two frameworks that have been instrumental in his experience as a change agent. They are the S.C.A.R.F. model and the P.L.A.C.E. model.

The ever-present challenges of Initial Margin

Though some financial market participants may feel as if the pressures of implementing the initial margin (“IM”) rules are behind them, a closer look in the rear review mirror reveals that the challenges remain very close at hand.

Virtual Briefing: Integrated Law™

In this on-demand session, Factor’s Chris DeConti explores a new category in the legal services market, Integrated Law™. Learn what it is, how it fits into the evolving legal landscape and more.

CPRA & Beyond: US Data Privacy Laws, New Complexity and Compliance Strategies

Data privacy and regulatory compliance are top concerns for in-house legal teams. Though there are signs that compliance requirements are growing more complex, learn how organizations can leverage forward-thinking strategies to manage them.

ISDA’s Digital Asset Definitions: An Overview

ISDA recently published its new Digital Asset Derivatives Definitions to provide a standardized framework for the trading of digital assets. Learn about the legal features, novel challenges and market implications of this definition booklet.

How to Transform Contracting with a Holistic Strategy

Centering your contracting transformation on technology can lead to its failure. Achieve your target state with a broader view of the contracting ecosystem.

Contracts 101: Definition, Types, Essential Elements & Lifecycle

Contracts are a vital part of every business, and a strong foundational understanding of them is key to unlocking potential value.

Integrated Law™: The Next Evolution in Legal Services

The newest category in legal services, Integrated Law™ marks an important evolution in the industry. Learn about the challenges that necessitated this evolution, how Integrated Law aims to reorient legal services providers toward their highest, best use and more.

How to Forge a Path from GC to CEO

Learn the strategies one CEO leveraged to transition from a role as GC to one in business leadership.

Contract Hygiene: How to Build a Healthy Contract Management Strategy

Contract hygiene accumulates through a consistent approach to contract management. Learn about the value of contract hygiene, and tips for improving it.

Expect the Unexpected: the Value of Contract Review in Times of Market Stress

Amid market volatility and the regulatory scramble to contain the fallout of Silicon Valley Bank's collapse, contract review can help those responsible for overseeing and mitigating potential emerging risk to lay their hands on the right levers at the right time.

Q&A with Jessica Block, the Woman Behind the Launch of Factor’s Contracting Platform

In a recent Q&A with Legaltech News, Jessica Block, Factor's executive vice president of market solutions, discusses Factor's Integrated Contracting Platform.

Authors’ Insights: General Counsel in the 21st Century

A panel of contributing authors discusses the new book General Counsel in the 21st Century.

Alt. Legal Services Co. Factor Hires Ex-Ankura Director

February 23, 2023

Law360 covers Factor's hiring of a former senior managing director at Ankura Consulting Group and FTI Consulting to take on the role of executive vice president of market solutions.

Code Reg Episode 6: Schrems II/GDPR Enforcement Posture

February 6, 2023

The EU Commission’s deadline to implement updated standard contractual clauses passed on December 27, 2022. In this recap of Code Reg episode six, we explore the enforcement posture of data protection authorities across Europe with Julian Cunningham-Day of Linklaters.

From Legal to Leadership: How to Forge a Path from GC to CEO

January 31, 2023

Today, GCs must work with business leadership to proactively tackle challenges like risk, regulatory burdens, supply chain instability and more. That close alignment opens up a new pathway for in-house legal leaders – one that leads to the c-suite.

Code Reg Episode 5: The Importance of Good Planning

December 16, 2022

In episode five of Code Reg, we’re joined by a special guest to discuss the importance of good planning for any large-scale remediation project – including those related to Schrems II/GDPR.

LawNext: CEO Varun Mehta on Integrated Law™ as a New Category of Legal Services

December 9, 2022

Factor’s CEO Varun Mehta joins Bob Ambrogi on the LawNext podcast to discuss Integrated Law™, the changing legal services market, Factor’s evolution and more.

Leveraging Legal: How to Unlock a Secret Weapon for Solid (Not Siloed) Teams

December 5, 2022

Different departments often struggle to align. But in-house lawyers bring a unique perspective that benefits every team; here are strategies for unlocking easier cooperation.

Uncertain Roads Ahead – CSDR and the ISDA SFT Annex

December 5, 2022

Following the implementation date of the Central Securities Depository Regulation in early February 2022, read about the important updates and the possible role of the ISDA SFT Annex.

How McGraw Hill uses legal service provider Factor

November 29, 2022

In an interview with Legal Dive, McGraw Hill discusses the value of their partnership with Factor. Learn about how the relationship started, how it has evolved and what types of complex legal work Factor now handles for the education publishing company.

Code Reg Episode 4: Lessons from Past Regulatory Remediation Projects

November 18, 2022

In episode four of Code Reg, we look back at a few Schrems II/GDPR remediation projects and discuss the key takeaways we’ve learned.

The Road Forward for Initial Margin: A Guide to Transitioning to BAU

October 31, 2022

With the passing of the Phase 6 deadline, initial margin must become part of the BAU workstream. New challenges will inevitably arise, but this whitepaper will help you prepare for them.

What Lies Beneath (Your Contracts): Strategically Leveraging Your Contract Data

October 31, 2022

Contract data strategy enables actionable, valuable insights. Watch Karl Dorwart (Factor) and Amber Sasso (Novo Nordisk) discuss the benefits of actionable insights derived from strategic contract data at the Buying Legal Council Conference.

Reinventing Professionals: The Impact of Integrated Legal Services

October 21, 2022

Factor’s CEO Varun Mehta and Ari Kaplan talk about how Integrated Law™ differs from alternative legal service providers, the market forces that necessitated Integrated Law and more in a recent episode of the Reinventing Professionals podcast.

Trust, Talent, Tech and More: Lessons from LVNx

October 10, 2022

The Factor team recently sponsored and attended the Legal Value Network Conference in Chicago. Challenges like client trust, high talent attrition and slow innovation (plus how to solve these challenges) were key themes.

Accept failure or be an exception: how to buck CLM implementation trends

September 28, 2022

CLM technology implementations often fail. But you don’t have to be a statistic – learn how to beat the odds and make your CLM implementation a success.

Code Reg Episode 3: Managing Future Regulatory Changes

September 26, 2022

In this recap of Code Reg episode three, we dive deeper into contract hygiene, and discuss how Schrems II/GDPR remediation can help organizations prepare for future regulatory change.

Collaboration, partnership, and inclusivity: key takeaways from In-House Impact Life Sciences

September 23, 2022

We recently attended In-House Impact Life Sciences 2022 – read our key takeaways from the event, and what they could mean about where the Life Sciences space is headed.

Where to Begin When It’s Already Too Late (Part 2)

August 22, 2022

In this recap of Code Reg episode two, we finish our discussion of where to begin with Schrems II/GDPR remediation when it’s already too late and discuss key considerations in more detail.

The Story of a GC’s Failed CLM Tech Implementation

August 17, 2022

It's tough to get CLM implementation right on the first try. Read this GC's story of CLM tech implementation failure and learn from the key insights he gained along the way.

7 ways to ruin your CLM technology implementation

August 10, 2022

Legal teams tend to hit the same roadblocks when implementing contract lifecycle management technology. Here’s a roadmap for avoiding them.

Where to Begin (with Schrems II) When It’s Already Too Late (Part 1)

In this recap of the first episode of Code Reg, we highlight key insights from part one of our discussion about where to begin with Schrems II/GDPR remediation when it’s already too late.

Code Reg Episode 1: Where to Begin When It’s Already too Late (Part 1)

In the first episode of Code Reg, we dive into an overview of Schrems II and outline key considerations to make before tackling remediation with the deadline looming so near.

Factor Taps Ex-Skadden Partner, Credit Suisse Co-GC as EVP

Law360 covers the appointment of former BigLaw partner Jonathan Pedersen as EVP, Global Practice Lead

BT Expands Legal Work Partnership with Factor

The new multi-year arrangement helps BT Legal ‘connect for good’ with its global stakeholders, clients, and suppliers.

36th ISDA AGM, el Clasico from the Spanish Capital

Factor shares key takeaways from the 36th ISDA Annual General Meeting

CLM, CLM, and… Our key takeaways from CLOC Global Institute

Factor's key takeaways from the 2022 Corporate Legal Operations Consortium (CLOC) Global Institute in Las Vegas

Do Lawyers Have Trust Issues?

In this recent panel discussion, Dr. Larry Richard, Michael Callier, and Ann Rainhart discuss the real impacts of lawyer trust and how we can create an environment that is conducive to creating trust for lawyers.

Are Lawyers Right to Have Trust Issues?

In this piece, we’ll explore the concept of trust, the impact of trust on cooperation, and whether lawyers have trust issues and what that means for them and for their clients.

Complying with the Schrems II Ruling: A Checklist

February 23, 2022

Factor is partnering with its clients across industries to effect compliance. We have condensed our learnings into a handy checklist of considerations, as a starting point, for your organization as it prepares for the December 2022 Schrems II deadline.

Reaching Collaboration Nirvana Between Client, Law Firm & Other Legal Service Providers

February 15, 2022

In this episode of the Technically Legal Podcast, Michael and Ed explain how all players in the legal ecosystem can and should work together to turn out efficient and quality work products for clients.

The Geek In Review: Leading through New Law

January 14, 2022

Factor’s Ed Sohn and Michael Callier join The Geek in Review podcast to discuss consulting for in-house legal teams.

What is the secret sauce for a CLM implementation?

November 17, 2021

In this food-infused webinar, Factor's Michael Callier and Agiloft's Danielle Haugland distilled down the most essential ingredients for implementing contract management software for legal teams and beyond.

Diversity and legal operations with Michael Callier

November 17, 2021

Factor's Head of Solution Consulting, Michael Callier, talks diversity and legal operations with the hosts of The Legal Ops podcast

Legal Operations 101: Its Definition, Role, and Function in Today’s Enterprise

November 17, 2021

A legal operations function is now expected in any modern legal department, and according to recent research, the number of organizations with a dedicated legal operations team has risen year on year for the past five years.

Ancient Agoras & Modern Work

November 17, 2021

In ancient Greece, the agora was the place. A central public space, it was where matters of state were discussed, new alliances came together and important announcements were made. But more importantly, it was the spot from which resonated the pulse of society; great ideas, art, personalities, and businesses were forged there.

Considering Supplier Transition for Outsourced Relationships: How to Do it Right

November 4, 2021

In this recent webinar, Kim Wolfe (Barclays) and Hywel Evans (HSBC) share their tips for how to do supplier transition right for outsourced relationships.

Creating & Establishing a Culture of Innovation in Legal Departments

October 13, 2021

Hear about the 5 main takeaways from our recent roundtable, Innovation in Legal: How to Create and Establish a Culture of Innovation within the Legal Department.

Beyond GDPR: The Next Major Privacy Mandate in 2021

September 15, 2021

With new regulatory compliance deadlines in 2021 and 2022, the General Data Protection Regulation (GDPR) continues to provide a regulatory outline for organizations handling personal data in the European Union.

Factor Connect: Our New Partner Program

Factor launches inaugural partner program bringing together the best of legal technology to collectively accelerate the transformation of legal services.

The Great Reopening

Restrictions are lifting, and offices are reopening. But what does an office environment look like in a post-covid world?

Learning to take time off

Spoiler alert: I took the vacation.

Q&A: Why Factor’s CEO says part of the market for legal services is still ‘untapped’

Mehta spoke with Reuters about Factor's ambitions, what the company means when it advertises "complex work at scale," and the future of the legal ecosystem.

Vodafone case study: using an alternative legal service provider

More in-house counsel are turning to alternative legal service providers (ALSPs) to help them with high volume or very routine work to reduce costs and achieve efficiencies. The Law Society speaks to Vodafone about embedding an ALSP into its legal function and the benefits it has brought.

On LawNext with Bob Ambrogi: Former Allen and Overy Managing Partner and Factor Head of Strategy

Factor's newest Board Member Andrew Ballheimer and Head of Strategy Chris DeConti join Host Bob Ambrogi to discuss the significance of Ballheimer’s move and how they believe partnerships between law firms and ALSPs can benefit clients.

Future Law Bootcamp with Joe Borstein

In this episode of Future Law Bootcamp, Host Joe Borstein talks with Ed Sohn and Andrew Ballheimer about the different complexities within the legal industry and how legal tech solutions are adopted in law firms.

The Changing Competitive Landscape in Managed Services

Factor CEO Varun Mehta discussed the changing competitive landscape in legal managed services on the recent Reinventing Professionals podcast with Ari Kaplan.

Exploring the last frontier: Bridging legal to business

January 26, 2021

In this exclusive column for CEO Magazine North America, Varun Mehta, CEO for Factor, discusses the pressing need for innovation in the legal industry.

What is complex legal work at scale?

January 20, 2021

Technology alone is not going to change the means of legal production. We also need a change in how lawyers approach the work process itself.

The Changing Normal

December 17, 2020

Varun Mehta is featured as a special guest on Litera TV.