62% of general counsels use Excel and email to manage contract data: survey
artificiallawyer.com
artificiallawyer.com
Have fun trying to integrate the "document.write('hello world')" example you found from stackoverflow into a react app while being a beginner and not really knowing why exactly they aren't compatible.
Creating better tools is not the answer, reducing the operation burden of deploying said tools is.
I've seen it dozens of times. Someone shares the wrong excel file then others keep working with outdated data. Or maybe they all share a file in Dropbox but someone didn't sync for some reason and kept working and generating changes over an old file.
The majority of people using Excel in a business environment at least sometimes use those functions, even if most don't actually understand them.
There is just about always someone in the office/department who "knows excel" well enough to use the Macro Recorder and occasionally tweak something in the code, and that's enough. So they get the task of automating the thing in the spreadsheet and then everyone else uses it.
As soon as multiple people try to use/modify the sheet, you end up with "Bob added a handy equation to track X, but Fred just wants to change Y but that breaks Bobs equation".
Sheets are infinitely versatile, but because they don't enforce any kind of abstraction, you can quickly make yourself a spaghetti of equations/macros.
I realize this is an unrealistic proposition, but think of all the principles we've developed (as an industry) that spreadsheets violate - no separation of code and data, prone to repetition etc.
https://www.youtube.com/watch?v=FZi9CSB9_kk There was a talk at DConf about this with a bit more depth than what I've written here, and potential replacements
You can get around this be having someone engineer a spreadsheet using all of the advanced functionality and VBA that Excel offers, but by that point it becomes a lot easier to just use an application that's built for whatever purpose you're trying to achieve.
Spreadsheets are accessible for a lot of people, but that doesn't mean they're easy to use and maintain. "ease of use" implies "use" for some purpose.
A lot of time ease of accessibility (anyone can click an icon and start entering numbers and doing calcs) conflicts with actually achieving whatever your purpose is. And if often conflicts with maintainability.
Spreadsheets ease of accessibility is both their biggest benefit and their biggest drawback.
The legal world is outstandingly slow to embrace better solutions in technology.
The technology world can be outstandingly bad at understanding its target markets.
Two, clearly in the pre-computer world, attorneys were not reviewing 6 terabytes of actual data for discovery. What makes it so big? Is it that you have scanned PDFs in image format (such that it's a reasonable number of pages printed out), or is it that you have new types of data like electronic records that simply wouldn't have been picked up in the old days?
Multiple vendors in this space competing on software quality rather than on compatibility with an entrenched monopoly would benefit consumers to the detriment of Microsoft's shareholders. So yes, MS should and are doing this. The last thing they want is a free market in office applications.
Just because they're "using email" doesn't mean they aren't also already using specific tools for this purpose.
However, my experience in utility EPC space is that contracts are negotiated primarily by sales & supply chain people and reviewed by lawyers, and then turned over to contract managers, who only get their legal departments involved for advice or when there is an escalating problem that looks like it might head for arbitration or court. So asking general counsels about this seems like the wrong audience--at least out in my little segment of the real world, it's contract managers who mange contracts, not lawyers.
( /s )
(I am worried we just described 3 half billion dollar startups)
This is a white paper report from a legal AI company, not an academic study, so some selection bias is to be expected.
I'm betting every one of these large companies ALSO use specific contract management software tools in addition to Excel Sharepoint and email.
I'm actually surprise MORE companies don't use this combination since almost every large company makes use of MSFT office suite products.
I'm skeptical of any company trying to position itself as some sort of replacement for products that have been used for decades.
I've drunk that Kool-Aid before and it never works out the way it's intended, companies always fall back on some class Office suite products.
The sad truth is that you'll probably end up using Excel, Sharepoint, and email in addition to whatever contract management solution you go with.
E.g., the top "Leader" point is: "Will adopt AI-based contract risk mitigation technology in the next 12 months."
I mean, who am I to tell "GC"s not to have some fun and fluff up their resumes at the same time? But if you want to improve your capabilities to manage contracts, buying AI solutions is not exactly a straight line to success.
No, General Counsel (Council is a group of people who make decisions, Counsel is an advisor, especially, as in this context, a lawyer/legal advisor, or their advice; “counsellor” is also used for a lawyer or advisor.)