2019 represented a milestone year for Ironclad. From securing our $50 million Series C funding to successfully launching Workflow Designer, our accomplishments this year have helped drive significant customer value and growth in digital contract management and legal technology.
As the year draws to a close, we’re proud to highlight some of our accomplishments. Most notably:
- 72% of Ironclad customers deploy Workflow Designer to streamline business contracting processes
- Ironclad customer L’Oréal has automated nearly 4,000 contract workflows across 30 product lines
- Ironclad CEO and Co-founder Jason Boehmig was named “Top 10 Legal Business Technologist” by Financial Times
Looking Ahead to 2020
Approaching the New Year, there is much to be excited about, both for Ironclad and the legal technology industry. 2019 marked a year of unprecedented investment in legal tech — to the tune of $1.2 billion as of September — with no signs of slowing. For Ironclad, this trend represents the growing momentum behind digital transformation across Legal.
“As we head towards 2020, digital transformation is no longer leaving contract management behind,” said Boehmig. “Digital innovation has been a painful gap in the day-to-day operations of today’s legal teams. Legal is facing pressure to modernize and we’re seeing platform demand from companies ranging from VC-backed startups to Fortune 500 enterprises. Today’s legal teams cannot scale with headcount alone, they are seeking digital solutions to automate their end-to-end contract processes and unlock more business value.”
We look forward to continuing to deliver superior service to our existing customers and expanding the impacts of digital contract management to new partners in the coming year.
As echoed by Forbes reporter Tony Bradley, “Streamlining and accelerating the digital contract process makes sense for all parties and it can be a competitive differentiator that helps the company succeed.”
Ironclad is not a law firm, and this post does not constitute or contain legal advice. To evaluate the accuracy, sufficiency, or reliability of the ideas and guidance reflected here, or the applicability of these materials to your business, you should consult with a licensed attorney. Use of and access to any of the resources contained within Ironclad’s site do not create an attorney-client relationship between the user and Ironclad.
