Onit, the leading provider of AI-based legal solutions for global enterprises, today announced a range of new product updates that bring corporate legal teams closer to their businesses, empowering them to be active partners to their internal clients through greater workflow automation, data analytics, AI and benchmarking.
The developments from Onit signal a deepening convergence of the fast-growing company’s broad portfolio of enterprise legal management (ELM) and contract lifecycle management (CLM) solutions. The following products from Onit and three of its recent acquisitions — Bodhala, AXDRAFT and ContractWorks from SecureDocs — will be demoed at the 2022 CLOC Global Institute in Las Vegas and spotlight how the company is delivering broader solutions to the market.
Onit’s dedication to more efficient, smooth and cost-effective legal workflows comes at a time when the relationship between legal departments and other enterprise functions is at a crossroads. Data from the 2022 Enterprise Legal Reputation Report reveals a fractured dynamic between legal departments and their internal clients, citing that a lack of speed and delayed responsiveness significantly impact the legal department’s ability to collaborate with others across the business. The report found eight in ten (79%) enterprise employees do not see Legal as a modern operation, stating that the reassessment of policies and technology — specifically workflow automation and artificial intelligence (AI) — is needed for legal processes to be more efficient.
“Our mission at Onit is simple: Provide corporate legal departments with technology that empowers them to automate all legal workflows and be an active business partner across the enterprise,” said Eric Elfman, Onit’s CEO. “It’s time for legal operations to build stronger alliances with its internal clients. The acquisitions of SimpleLegal, AXDRAFT, BusyLamp, Bodhala and SecureDocs make that mission possible. We are committed to bringing these technologies together to provide our customers with the most comprehensive and sophisticated solutions for ELM and CLM.”
Onit is proud to be a diamond sponsor of the 2022 CLOC Global Institute in Las Vegas on May 9–12. Paige Edwards, Director of Customer Experience, will be moderating a panel, Legal Ops and the Connected Enterprise, on May 11 at 10:30 am PDT. Visit us at Booth #209.
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