Possibly the hottest market in legal tech today is contract lifecycle management, and one of the most talked-about companies in that market is Ironclad, a six-year-old startup that recently raised a $100 million Series D – at a reported valuation of $1 billion – and that just made its first acquisition, of the clickwrap transaction platform PactSafe.
What makes Ironclad different than other CLM companies, says cofounder and CEO Jason Boehmig, is that it is not just building incrementally better workflows, but is creating a new standard of digital contracting that will drive the businesses of the future.
Boehmig is today’s guest on LawNext. In 2014, he left his job as a corporate at law firm Fenwick & West to co-found Ironclad with CTO Cai GoGwilt after realizing that contracting was still mired in the analog age. He built Ironclad one log at a time, he tells host Bob Ambrogi, and is now looking ahead to eventually taking the company public.
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