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Last month, KKR, a major global investment firm, announced that it had entered into an agreement to acquire a majority stake in Agiloft, the contract lifecycle management company. As part of the deal, the growth equity firm FTV Capital, already an Agiloft investor, is making an additional investment, and another growth equity firm, JMI Equity, is joining as a new investor. The deal was a feather in the cap for Eric Laughlin, who joined Agiloft as CEO in 2020 after leading the Pangea3 business at Thomson Reuters. When Laughlin stepped into that role, Agiloft had been in business for 30 years, and he succeeded a predecessor who had been CEO for nearly all that time. He came aboard just as the company had raised its first-ever outside funding round, tasked with the mission of taking the company to its next level of growth. During his tenure, the company has earned a reputation as a leading innovator in the CLM space, including in its development of features based on artificial intelligence, and it has significantly grown both its workforce and its global customer base. Laughlin has also strengthened his own reputation as a leader who believes that employee experience is as important as customer experience. In March 2021, not long after he joined Agiloft, Laughlin was our guest on this show to talk about his plans for the company. On today's episode, he returns to discuss how Agiloft has grown during his four-year tenure and to share his thoughts on the contract lifecycle management landscape, now and into the future. Thank You To Our Sponsors This episode of LawNext is generously made possible by our sponsors. We appreciate their support and hope you will check them out. Paradigm, home to the practice management platforms PracticePanther, Bill4Time, MerusCase and LollyLaw; the e-payments platform Headnote; and the legal accounting software TrustBooks. If you enjoy listening to LawNext, please leave us a review wherever you listen to podcasts.
Eric has years of experience in the legal-tech space. His current company Agiloft, offers an adaptable enterprise software that specializes in commerce and contract lifecycle management (CLM). What's covered in this episode: -How the legal ops boom has effective organizations. -How proper contracting processes help different departments align their goals. -The first steps to take when implementing a CLM tool. -What are the tangible and non tangible ROI's of a CLM too.
This Next Normal series podcast features Elevate's Chairman and CEO, Liam Brown, talking with Eric Laughlin, the CEO of Agiloft, a contract lifecycle management software company. Liam and Eric cover change management, keeping up with technology, and adopting both within legal.[00:55] “I've been in legal and legal tech for most of my career. I feel fortunate to have ended up as the CEO of Agiloft."[02:27] Agiloft is a no-code platform solely focused on CLM with 700 customers.[06:45] Giving tools to the frontline, democratizing flow and decision-making.[07:32] Contracting processes and contracts as a shield - a defensive weapon, its armor.[10:54] Connecting contracts to commercial processes. [12:06] Risk profiling, AI tells us what's in a contract and how that compares to standards.[13:34] Being CEO for the first time.[16:00] Value creation for the business, cash, and how fast ARR is growing[17:50] Our customers' want us to be better at partnerships[20:29] I read Designing Your Life which is about taking a prototype approach to life.[22:32] "Leadership in tough times requires …”
No sector of the legal technology market is hotter right now than contract lifecycle management. And while that sector is crowded with companies that are relative newcomers, one of the companies making the biggest waves is 30 years old. Over the past year, Agiloft, the no-code CLM company, raised $45 million in growth equity funding – its first outside funding ever – named a new CEO and management team, saw its sales increase 124%, and won several industry awards and recognitions, most recently the Business Intelligence Group product Innovation award for its AI Core contract management software. Joining LawNext today is Eric Laughlin, who took over as Agiloft’s CEO last August. Agiloft’s former CEO for nearly 30 years, Colin Earl, hand-picked Laughlin – who spent many years at Thomson Reuters in a series of executive roles, leading TR’s legal managed services offerings and its corporate segment – to take the company to its next level of growth. Laughlin and host Bob Ambrogi discuss the CLM market and why it has surged in recent years, and Laughlin shares his view on where his company fits into that market, now and into the future. Thank You To Our Sponsors This episode of LawNext is generously made possible by our sponsors. We appreciate their support and hope you will check them out. Paradigm, home to the practice management platforms PracticePanther, Bill4Time, and MerusCase, and e-payments platform Headnote. XIRA.com, where clients find, book and meet with attorneys; and where attorneys get free, fully integrated practice management software. Everlaw, the cloud-based ediscovery platform for law firms, corporations, and government agencies. TrustBooks, the only standalone accounting product designed 100 percent for attorneys and law firms. Law Insider, producer of the show Contract Teardown, where they analyze the contracts that others are talking about. A reminder that we are on Patreon. Subscribe to our page to be able to access show transcripts, or to submit a question for our guests.
In this episode I caught up with Agiloft's new (ish) CEO Eric Laughlin. He tells me all about the company's recent $45m investment. Bootstrapped since its inception in 1990 and profitable, Agiloft's this is the company's first round of external funding and will be used to accelerate its product development and expand its vertical and geographic market presence.Eric most recently served as global leader of legal managed services at EY, where he managed the Pangea3 and Riverview Law teams. Prior to EY he was managing director of the corporate segment within Thomson Reuters and used to run Serengeti, which went on to become Legal Tracker. Like me, he's not a lawyer, but unlike me, he's a super smart guy who is at the forefront of legal engineering and enterprise transformation.He see contracts as the DNA in an organisation - and thinks companies should care about what is deep coded within them so they understand their risks, but also can benefit more fully from what is contained with in them.He also is passionate about culture and the relationships his teams build with customers. Eric says being relationship driven and being very transparent, are cornerstones of any good culture and definitely Agiloft's.
Managing Contract Lifecycle Management in An Age of Increased Risks: Agiloft’s new CEO Eric Laughlin discusses reducing contract lifecycle exposure during Covid, increased regulatory scrutiny and new geopolitical risks with co-hosts Richard Levick and Ian Lipner.
Eric Laughlin is the CEO of Agiloft - the no-code contract and commerce lifecycle management software company.
I spoke with Eric Laughlin, the CEO of Agiloft, a provider of contract and commercial lifecycle management software. We discussed his new role at Agiloft, how the pandemic has impacted the way companies leverage CLM, the overall market changes he is seeing, and the challenges associated with raising capital in the current environment.
I spoke with Eric Laughlin, the CEO of Agiloft, a provider of contract and commercial lifecycle management software. We discussed his new role at Agiloft, how the pandemic has impacted the way companies leverage CLM, the overall market changes he is seeing, and the challenges associated with raising capital in the current environment.
I spoke with Eric Laughlin, the CEO of Agiloft, a provider of contract and commercial lifecycle management software. We discussed his new role at Agiloft, how the pandemic has impacted the way companies leverage CLM, the overall market changes he is seeing, and the challenges associated with raising capital in the current environment.
I spoke with Eric Laughlin, the CEO of Agiloft, a provider of contract and commercial lifecycle management software. We discussed his new role at Agiloft, how the pandemic has impacted the way companies leverage CLM, the overall market changes he is seeing, and the challenges associated with raising capital in the current environment.
“I’m sorry, Dave. I’m afraid I can’t do that.” – HAL 9000 It’s been a long time since 2001 Space Odyssey portrayed HAL (Heuristically ALgorithmic computer) as the sentient machine who locked crewman David Bowman out of the spaceship to prevent being shut down. Since that movie debuted, artificial intelligence has become a reality and, with it, so too have many fears. From piloting planes and driving cars to playing chess and winning on Jeopardy, it appears that AI is actively participating in human endeavors. But what does that mean for us carbon-based lifeforms and our professions? In this episode of Law Technology Now, host Bob Ambrogi discusses artificial intelligence, its uses, and the potential impact on the legal industry with Thomson Reuters Corporate Segment Director and Legal Managed Services General Manager Eric Laughlin. According to Eric, AI will revolutionize the practice of law and provide greater access to it for the masses. He described the upcoming revolution as gradual, with changes going from being novel and labeled as AI to becoming routine and regarded as additional tools on various devices. Stay tuned to hear about predictions for legal jobs in the future, why many attorneys and firms support the development of artificial intelligence, and the exciting developments at Thomson Reuters’ Cognitive Computing Center of Excellence, where they are teaming up with IBM Watson to create exciting new products to support the legal industry. Eric Laughlin is the managing director of the Corporate Counsel Segment and general manager for the Legal Managed Services at Thomson Reuters. In addition to heading their IBM Watson initiative, he is responsible for their information, software, and service offerings for corporate legal departments as well as their technology and service offerings in e-discovery, contract management, and compliance domains.
What are some of the disruptive technologies facing the legal industry? Ron Friedman of Fireman & Co. led a session on “When Will Blockchains and Smart Contracts Be Important in Legal?” He and Eric Laughlin, managing director, Legal Managed Services, Thomson Reuters, sat down to discuss,
In this episode of Law Technology Now, host Bob Ambrogi discusses artificial intelligence, its uses, and the potential impact on the legal industry with Thomson Reuters Corporate Segment Director and Legal Managed Services General Manager Eric Laughlin. According to Eric, AI will revolutionize the practice of law and provide greater access to it for the masses. He described the upcoming revolution as gradual, with changes going from being novel and labeled as AI to becoming routine and regarded as additional tools on various devices. Stay tuned to hear about predictions for legal jobs in the future, why many attorneys and firms support the development of artificial intelligence, and the exciting developments at Thomson Reuters’ Cognitive Computing Center of Excellence, where they are teaming up with IBM Watson to create exciting new products to support the legal industry. Eric Laughlin is the managing director of the Corporate Counsel Segment and general manager for the Legal Managed Services at Thomson Reuters. In addition to heading their IBM Watson initiative, he is responsible for their information, software, and service offerings for corporate legal departments as well as their technology and service offerings in e-discovery, contract management, and compliance domains. Prior to that, he worked as a consultant in Thomson Reuters’ Global Strategy Function.