Contract analytics are now a staple of the legal industry. Driven by continuing advances in artificial intelligence ("AI"), contract analytics has changed the way the legal industry thinks and works. It is no longer a question of when the disruption will arrive, but when the legal industry will reach a "tipping point" of growth and development. This will naturally result from multiple legal-tech advances, driven by contract analytics, as well as related technologies, that exert pressure on how legal pros work, which are coming together to create a bigger cumulative effect. While much of this is hard to predict, the tipping point is coming into sharper focus every day.

A new report for Seal Software sheds light on how companies' legal departments are preparing for or using the latest tools associated with artificial …