This article, though about Contract Lifecycle Management (CLM) trends for 2026, implies increased AI and machine learning integration within CLM systems, as CobbleStone Software is a leading CLM vendor that leverages AI to streamline contract processes. Specifically, advanced features like automated contract review, risk assessment, and compliance monitoring within CLM platforms are expected to become more sophisticated due to advancements in AI. This signals a future where AI plays a more prominent role in legal tech and professional services, automating complex tasks and improving efficiency.
The legal & professional services sector will experience a significant shift towards AI-driven automation in contract management. This will require legal professionals to adapt to new technologies, develop AI literacy, and focus on higher-level strategic tasks while AI handles more routine processes.
Businesses using CLM systems will experience significant operational improvements through AI-driven contract analysis, negotiation, and risk mitigation. This includes increased efficiency in contract review, reduced legal costs through automated compliance checks, and better strategic decision-making based on AI-powered insights into contract performance. The AI systems will also need ongoing maintenance and training data.