Unraveling the legal tech ecosystem

Colin Levy, Director of Legal and Evangelist at Malbek, explores legal tech and artificial intelligence. The role of marketers has evolved from being creative to incorporating data and technology. Now, we're closely integrating with cross-functional teams, using tools and technology to understand and mitigate risks in our ad campaigns, legal processes, and more. Today, Colin discusses unraveling the legal tech ecosystem.

About the speaker

Colin Levy

Malbek

Colin is Director of Legal and Evangelist at Malbek

Legal Tech Ecosystem Book

Part 1 Unraveling the legal tech ecosystem
Part 2The impact of AI on the legal sector

Show Notes

02:29

The transformative role of legal tech on the industry

Legal tech focuses on improving access to legal services and making the legal function more data-driven, collaborative, and proactive. It also aims to align people, processes, and technology, challenging traditional practices in the legal industry.
03:48

The legal tech infrastructure and contract management

Legal tech infrastructure spans various areas, including contract management, utilizing tools like SharePoint. These tools aid in organizing, querying, and negotiating contracts, contributing to increased efficiency and risk mitigation.
04:34

Legal tech and artificial intelligence

Legal tech also includes litigation analytics, tools for brief drafting and review, legal research, workflow management, and law firm administration. The rise of artificial intelligence is making these tools more user-friendly for non-technical users.
06:21

Privacy concerns in legal tech and the impact on the legal industry

Privacy is a top concern in the legal industry and legal tech, especially with the prominence of artificial intelligence. The focus on data security and client confidentiality has intensified, particularly in AI applications, contracting, and data sharing between vendors and customers.
08:06

Templatized documents and enrichment tools in legal tech

Legal tech offers tools that go beyond providing templates, enabling efficient document creation by assisting in crafting and accessing documents. This not only saves time but has become an integral part of modern legal work.
08:50

Improving job safety and security for marketers through legal collaboration

Marketers collaborate with legal to ensure secure data sharing through appropriate contract provisions. Crafting solutions and documents for data sharing, processing, and analysis reflects the increasing value of data in driving marketing decisions across various industries.
09:54

Integration of legal tech and martech for seamless data flow

While there's still the practice of legal review for ad campaigns, there's increasing integration between marketing tools and legal tech. This ensures seamless data flows between all these tools and consistent data to drive marketing actions and insights.
10:48

What sets Malbek apart in the CLM space

Malbek stands out in the CLM space due to its high customizability, allowing legal departments to create specific workflows easily. The emphasis on a dedicated support team and a human-centric approach ensures tailored solutions that meet each customers evolving needs.

Quotes

"There are many different areas within legal tech, and they're all evolving quickly with the rise of artificial intelligence that now is more accessible to the everyday human being." - Colin Levy
"There are many different tools that can help you not just find templates, but craft and access them to help speed up your creation of legal documents. That is part of not just legal tech, but legal work now." - Colin Levy
"The value of data continues to increase as we see marketers, retailers, and other businesses make use of data to help drive their decision-making around advertising, shopping decisions, and inventory." - Colin Levy
"One thing that sets Malbek apart from other CLM solutions is its customizability in terms of allowing for different legal departments to create workflows that are specific to how they work." - Colin Levy