I think the reason these companies fail to begin with is that they are too high level and generalized. Even a specific subset of CLM like managing real estate t

I think the reason these companies fail to begin with is that they are too high level and generalized. Even a specific subset of CLM like managing real estate transactions is an exceedingly complex business domain with hundreds of entrants. Trying to go after the entire market with a single product is just naive IMO.