According to a recent report by the American Bar Association, 78% of in-house counsel expect their law firms to inform them about the use of AI tools, like Contract Lifecycle Management (CLM) solutions. This underscores the growing responsibility of effectively managing AI adoption.

In-house counsel have managed this challenging initiative without standardized benchmarks to guide their decisions—until now. The introduction of the ISO/IEC 42001 Responsible AI certification marks a significant shift, offering a clear and trusted benchmark for AI security in CLM providers.

This certification empowers legal teams to identify and endorse CLM solutions that meet rigorous ethical and operational standards. By prioritizing certified vendors, in-house counsel can streamline the CLM vetting process, transforming their role from a bottleneck to a hero who enhances efficiency, ensures compliance, and champions AI within their organization.

For CLM solutions, the ISO/IEC 42001 certification is more than just a prestigious credential. CLMs that have earned this certification help mitigate risks associated with AI, such as bias and security vulnerabilities, thereby protecting your organization from potential legal and reputational harm. Notably, Evisort is the only contracting intelligence platform and CLM solution on the market to have achieved this certification.

Here are a few ways that using a CLM with an ISO/IEC 42001 certification can benefit you as an in-house attorney:

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Setting a High Standard for AI Adoption

As in-house counsel, you are often responsible for ensuring that new technologies meet your organization’s stringent legal and ethical standards. By choosing a CLM with ISO/IEC 42001 certification, you set a high standard for AI adoption within your organization, showcasing your commitment to secure and ethical technology.

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Streamlining Legal Processes

The certification simplifies the AI vetting process, allowing you to quickly endorse reliable and secure AI tools. This transformation reduces delays in contract review and approval, enabling you to streamline legal processes and enhance overall efficiency.

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Upholding Ethical Values

Achieving ISO/IEC 42001 certification involves meeting rigorous standards and ensuring that AI-driven solutions adhere to strict ethical guidelines. By using a certified CLM, you uphold your organization’s ethical values, strengthening trust with clients and partners.

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Protecting Against Legal Risks

AI systems come with inherent risks like bias and security vulnerabilities. The ISO/IEC 42001 certification provides a robust framework for identifying and mitigating these risks, protecting your organization from potential legal and reputational harm. This certification ensures that these risks are effectively managed, keeping your organization secure and compliant.

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Ensuring Regulatory Compliance

In your role, the ability to explain and justify AI decisions is crucial. The ISO/IEC 42001 certification emphasizes transparent and accountable AI operations, aiding in regulatory scrutiny and internal governance. This certification ensures that AI-driven CLM solutions operate with high transparency, making it easier for you to meet regulatory requirements and maintain oversight.

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Enhancing Organizational Trust

For in-house counsel involved in contract review and management, this certification reassures stakeholders that your AI solutions are secure and ethical. It demonstrates that your organization maintains high standards in all contractual dealings, whether drafting new agreements or ensuring compliance with existing contracts. By using a certified CLM, you can confidently show that your AI systems are reliable and transparent.

Evisort stands out in the market as the only contracting intelligence platform and CLM solution to achieve the ISO/IEC 42001 Responsible AI certification. Built from the ground up with AI specifically designed for contracting intelligence and management, Evisort's proprietary AI technology ensures unparalleled accuracy and control.

Unlike many CLM providers that integrate third-party AI, Evisort’s native integration of AI at every level of our contracting intelligence platform uniquely positions us to meet and exceed the rigorous standards set by ISO/IEC 42001.

Our recent ISO/IEC 42001 certification confirms that our AI systems are developed and managed with a focus on ethical considerations, transparency, and continuous improvement. This certification, alongside our existing ISO 27001 (data security) and ISO 27701 (data privacy) certifications, provides in-house counsel with the assurance that their contract data is managed with the highest security standards.

This robust framework ensures comprehensive protection and compliance, reinforcing our commitment to delivering secure, reliable, and responsible AI solutions.

Contact us today to discover how Evisort's AI-native, certified contracting intelligence platform and CLM solution can enhance your security, accuracy, and efficiency.