Consultancy firm Stella Legal has announced a partnership agreement with AI contracting platform Ironclad to help its customers improve their contract lifecycle management (CLM).
Stella Legal says the partnership will address what it calls “the critical gap between technology investment and business value realisation”. Rather than just implementing Ironclad’s contracting platform, in-house legal departments can work with Stella Legal to transform their entire contract management approach by treating CLM as a sustained service discipline instead of a one-off tech project.
Tyson Ballard, CEO and co-founder of Stella Legal, said: “By combining our expertise, we can help enterprise teams move beyond manual processes into a new era of agile, data-driven contracting.”
Troy Wright, VP of worldwide partnerships and alliances at Ironclad, said the company is “continuing to innovate” for its customers to establish an enterprise-grade AI contracting platform.
He added: “We’re excited to partner with Stella Legal to deliver value to our mid-market and enterprise customers across manufacturing, retail, finance, tech and pharmaceuticals.”
Stella Legal was founded last year and has dual headquarters in London and Phoenix, Arizona.
Tyson Ballard is one of four founding member team alongside senior director Alyssa Kokilah, general counsel Yolanda Van Wyk and Gordon Williams, who is responsible for client delivery. The quartet previously worked together at legal technology consultancy Syke, which is now part of technology solutions firm Consilio.
San Francisco-based Ironclad was formed in 2014 by lawyer Jason Boehmig – a former corporate attorney at Fenwick and West – alongside Cai Wangwilt, who was previously a software engineer at Palantir Technologies. In 2017 it received $8m in Series A funding led by private equity company Accel.
Earlier this month, Stella Legal also entered into a delivery partnership with AI-native CLM platform Sirion.
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