The new spot draft survey revealed that 49 % still rely on email and word documents, yet the legal industry is rushed to automation.
New York – According to a new survey of the Spot Draft, the legal departments can reduce the contract processing time for only 3 days only 3 days and can eventually improve the performance of up to 73 % using automation, yet the majority will continue to use manual processes, which produces a new business barrier.
Although recent industry data suggests that 80 % of legal firms are adopting AI tools, the Spot Draft’s 2025 contract utility bench marking survey, which was made in 115 houses in legal departments, found that it was found 49 % legal teams still manage contracts using email, word documents and shared folders. These results highlight an amazing disconnection between the basic technology investment and the basic management of the contract, which does not make any changes to a large scale.
Performance differences create operational obstacles
The results of the survey expose how the outdated contract management process delays the business:
- 56 % legal teams take a week or more time to shut down standard contracts like NDA, with some routine contracts take 15+ days
- Only 12 % have achieved the full automation of their contract process
- Approximately 90 % of their contracts moderate or extremely complicatedFor, for, for,. Still in many people the lack of tools tools to handle this complexity effectively
- Industries are increasing in the volume of the contract, with consultation (48 %) and Aid Tech (33 %) developing.
“Legal teams are working with tools that are not designed for today’s contract and complications,” said Shashank Bijapur, CEO and co -founder of the spot draft. “When the NDA takes weeks to complete the usual, these are the taxes sitting at the table. Organizations cannot afford to limit their growth by the manual contract process.”
According to the Bloomberg law, these results are in line with industry data, which shows that 75 % of the domestic lawyers are not satisfied with their existing contract workflow technology, and that the enterprise is considering changing 53 % of the organizations with the contract management system.
Performance differences in industries
The survey identifies clear samples between digital adoption and business performance. Fantake and IT industries, which guide the 3-4-day contract, also look stable in 20-21 % of the annual growth. Meanwhile, low -automation adoption manufacturing companies show only 10 % increase in revenue, while media and entertainment companies are left behind only 7 %.
“The data shows a clear connection between digital maturity and business results,” said Akshay Verma, a former legal operation leader at Meta Draft and Meta and Coin Base. “Companies that automatically make their legal processes not just working fast, they are also growing rapidly.”
Bijapur added, “The volume of the contract is increasing and the contracts are getting more complicated, but legal teams are still managing them with the same outdated tools.” “AI -fired contract management basically improves how legal teams work. Instead of spending weeks on dealing with routine documents, they can focus on high value strategies and risk assessment.”
Legal Department prepares preparation of change
Despite the current performance difference, the surveys revealed that the identity of legal teams reveals that change is inevitable.
- 80 % of legal teams expect to move in a strategic, tech role in the next 12 months.
- Half teams preparation to embrace automationFor, for, for,. While the rest is hesitating
- Business stakeholders rapidly demand self -service skills For routine contracts
This change comes when the former spot draft research suggests that 87 % of the daily AI users report the benefits of productivity in legal roles, most legal teams have saved between one to five hours per week by adopting AI. Meanwhile, the global legal technology market is likely to reach more than $ 60 billion by 2032, which is driven by AI, cloud solutions, and contract management tools.
About the survey
The Benchmarking Survey of the Spot Draft Agreement was done to be benchmarking the maturity of the contract management between various industries and the company’s 115 legal departments and identify the opportunities for strategic improvement. The survey did not include any spot draft users to ensure neutral results. Organizations can access the full results of the survey and benchmarking insights
About the spot draft
Spot Draft is an AI-powered contract a life cycle management platform designed for legal teams abroad. While serving more than 400 organizations and cross -function teams globally, the company helps legal teams improve time use process, re -focusing on strategic results, and maximizing their impact through contract life.
Former Harvard Law School student Shashank Bijapur and Carnegie Melne Graduate were founded in 2017 by Madhu Bhagat, the Spot Draft has been identified as the list of the latest company’s latest companies and Forbes Asia 100.
The company recently collected 54 million in financing series B, headed by Vertex Growth and Trident Growth Partners, and supported it, such as Xid Ventures (formerly 021 Capital), Archmost Ventures, River Walking Holdings and Setts.
The spot draft is the headquarters of Bangalore, India in New York, India. For more information, see www.spotdraft.com.
