Colin S. Levy

NOVEMBER 19, 2024

Leading firms and departments are increasingly using AI for operational functions, such as time tracking, document management, and data analytics. Firms will need to articulate how AI enables them to provide more insightful, strategic, and timely advice, reframing value in terms of outcomes rather than time spent.

Analytics 45

Analytics Law firm Compliance Lawsuit 45

Simple Legal

JULY 12, 2023

When was the last time you breezed effortlessly through a legal matter? No lack of clarity about the time and resources you need. Issues like these stem from a lack of clear communication, and it can be frustrating to waste time re-hashing tasks and responsibilities. Follow a single document-sharing process.

Time-tracking 80

Time-tracking Compliance Document storage Lawsuit 80

Rocket Matter

DECEMBER 26, 2023

A tech trends round-up gives you the best of both worlds: time to reflect on changes in the legal industry over the past year and food for thought on how to use these trends to gain a competitive edge in 2024. These trends may have hit the headlines in 2023, but they won’t fade away anytime soon. Check. Time tracking?

Document automation 52

Document automation Time-tracking Client Intake Legal CRM 52

Clio

FEBRUARY 2, 2023

So, how can lawyers stay organized at all times? The answer is surprisingly simple: legal matter management software. Legal matter management systems allow lawyers to store documents in one location, organized according to their cases, and access them wherever, whenever. So, where does the rest of their time go?

Software 52

Software Time-tracking Client Intake e-filing 52

Simple Legal

MARCH 29, 2023

Matter management is one of the top priorities for any in-house legal team, yet only about 53% of teams currently use matter management software. Matter management keeps your organization running smoothly with tools for gathering, tracking, and reporting for budgets, time tracking, and vendor management.

Software 52

Software Time-tracking Document management State law 52

Legal Tech Monitor

MARCH 5, 2024

For many leaders who participated in this survey, the legal field is at a watershed moment that offers them the chance to reimagine law firm management and to influence a new era of success. 90% agreed that reliable, timely data can gain a competitive advantage. 63% work at firms that automate frequently created documents.

Law firm 52

Law firm Law Law Time-tracking 52

Clio

MARCH 22, 2024

In fact, the 2023 Legal Trends Report found that firms with good revenue are more likely to use technology for tasks like billing and accounting, client-facing communications, and document management. At the same time, legal tech startups are finding even more creative and cutting-edge ways to innovate.

Legal tech 52

Legal tech Legal tech Law firm Time-tracking 52

Clio

MARCH 8, 2024

For centuries, the legal profession has stuck to time-honored practices and methodologies, relying heavily on established norms. Yet, many law firms are hesitant to embrace change and disrupt established routines and workflows because of the time and effort involved. In the world of law, tradition often reigns supreme.

Legal software 52

Legal software Legal software Software Client Intake 52

MatterSuite

OCTOBER 27, 2023

billion by 2023, growing at a compound annual growth rate (CAGR) of around 10% from 2018. Document Analysis: AI-driven software, such as Kira and Relativity, can review and extract critical information from documents, contracts, and emails. It automates the time-consuming process of document review and due diligence.

Legal tech 52

Legal tech Legal tech e-discovery Machine learning 52

Legal Tech Monitor

NOVEMBER 2, 2023

economy, smaller law firms are showing greater optimism about their futures, as evidenced by the face that they are either maintaining or increasing their 2023 budgets across most key categories, according to a survey report released today. Even amid a highly variable and possibly decelerating U.S. Enhancing client services.

Law firm 52

Law firm Electronic payment Law Law 52

Centerbase

JUNE 14, 2023

For five quarters in a row, law firm profitability has fallen, according to the 2023 Report on the State of the Legal Market , a study conducted by the Thomson Reuters Institute and Georgetown. Profits per equity partner are down for the first time since 2009. Client payments and realization rates are down too.

Law firm 52

Law firm Law Law Time-tracking 52

CloudNine

APRIL 27, 2023

By Kenneth Jones, Tanenbaum Keale LLP This article was originally published in LegalTech News on March 10, 2023. it tends to mask similar long-standing challenges, such as the adoption of predictive coding or records management programs, which reduce overall eDiscovery cost and risk.

Legal technology 64

Legal technology Legal technology e-discovery e-filing 64

Clio

JUNE 18, 2024

These increases are much more prominent among larger firms, who have consistently outperformed solo and small firms and, as of 2023, enjoy average utilization rates that are 10% higher than small firms and 15% higher than solo firms. This is the amount of revenue that is unbilled at any given time (also known as “work-in-progress lockup”).

Law firm 52

Law firm Law Law Time-tracking 52

3 Geeks and a Law Blog

FEBRUARY 14, 2023

It is pretty apparent that we are in a super Hype Cycle when it comes to AI tools like ChatGPT, but for many of us in the legal profession, we’re not used to reaching this point of the cycle at the same time as the rest of the world. tools or ChatGPT, into their products. So give us some background. Colin Lachance 2:42 Sure, Thanks, Greg.

Machine learning 130

Machine learning Case law Legal research Time-tracking 130

Lawmatics

DECEMBER 27, 2023

However, Bloomberg Law’s Spring 2023 Law School Preparedness Survey , which included 936 practicing attorneys, revealed some interesting insights. Time management, professional writing, client communications, and interactions, as well as issue spotting and analysis, are highly valued skills for new attorneys. Messaging apps.

Legal technology 52

Legal technology Legal technology Dispute resolution Machine learning 52

Debevoise Data Blog

AUGUST 7, 2023

On July 26, 2023, the SEC adopted long-anticipated final rules on cybersecurity risk management, strategy, governance and incident disclosure for issuers (“Final Rules”). We summarized the key obligations under the Final Rules, and changes from the Proposing Release, [1] in our July 27, 2023 update. Instruction 2 to Item 1.05

Time-tracking 40

Time-tracking Compliance Document management Litigation 40

Legal Tech Monitor

DECEMBER 4, 2023

29, 2023, AT 11:45 P.M. As you will see from the ballot, you may vote for your top-five favorites or five times for top favorite, or any other mix of five votes. We are the first AI-driven platform to focus specifically on drafting litigation documents. Once you have done so, you can FIND THE BALLOT HERE. Anything else?

Litigation 52

Litigation Litigator Mediator Law firm 52

3 Geeks and a Law Blog

JANUARY 15, 2024

We’re only a couple of weeks in so I know we retired 2023 We’re jumping into 2024. So anyway, it was it was quite nice, and really had a had a good time. So I know we’re, we’re kind of into January, we took some time off. Well, we tried to be caught here, the cost that we can kind of take our time, or walking is not thing still.

Legal tech 264

Legal tech Legal tech Hearing Time-tracking 264

3 Geeks and a Law Blog

FEBRUARY 8, 2023

But first time but thankfully, I mean, it only was about a week and Greg Lambert 0:28 And you thought you were he probably thought you were special. And then I can find the light with like, show me other times that we’ve done this matter. In other words, I assume time entry, I assume documents. Good to have in Dallas.

Litigation 243

Litigation Litigator Time-tracking Law firm 243

Legal Tech Monitor

JANUARY 15, 2024

We’re only a couple of weeks in so I know we retired 2023 We’re jumping into 2024. So anyway, it was it was quite nice, and really had a had a good time. So I know we’re, we’re kind of into January, we took some time off. Well, we tried to be caught here, the cost that we can kind of take our time, or walking is not thing still.

Legal tech 52

Legal tech Legal tech Hearing Time-tracking 52

Clio

JANUARY 30, 2024

As such, more and more lawyers are interested in adopting AI tools to help their practices run more efficiently, with 19% of lawyers already using AI (in some form) in their practices and 32% of lawyers agreeing that AI can help reduce workloads, according to the 2023 Legal Trends Report.

Lawyer 98

Lawyer Client Intake e-filing e-discovery 98