Legal Tech Blog

MARCH 22, 2023

With Leah, our customers can drive operational excellence by delivering faster time to value and better contract governance, risk, and compliance. With Leah, our customers can drive operational excellence by delivering faster time to value and better contract governance, risk, and compliance.

Contract management 57

Contract management Analytics Legal tech Legal tech 57

MatterSuite

JUNE 18, 2023

However, it has evolved into a multidimensional function, encompassing various areas such as technology, project management, and data analytics. They possess a unique blend of skills, including project management , communication, process improvement, and technology proficiency.

Analytics 52

Analytics Time-tracking e-discovery Contract management 52

MatterSuite

SEPTEMBER 20, 2024

With an increasing number of companies and their growing legal challenges, especially in terms of compliance with increasingly stringent regulations, the demand for highly effective internal legal departments has increased. These teams are very important in terms of handling legal issues, compliance, and facilitating business processes.

Intellectual Property 52

Intellectual Property Data protection Compliance Dispute resolution 52

MatterSuite

OCTOBER 7, 2024

Tasks like contract management, legal review, compliance management, document creation, and more can be automated using a variety of legal tech tools. Risk Management and Compliance As the legal industry is becoming more tech-oriented, the need for risk and compliance management is on the rise.

Compliance 52

Compliance Legal tech Legal tech Analytics 52

LawSites

SEPTEMBER 14, 2022

Specifically: 77% of survey respondents report that coping with emerging and growing compliance areas, such as environmental, social and governance (ESG) and data privacy, is a significant trend. Those in law firms ranked the most important technologies as document management, cybersecurity and encryption tools, and digital court proceedings.

Lawyer 88

Lawyer Law firm Document management Contract management 88

Bigfork Tech

DECEMBER 10, 2024

Why You Actually Need ALOE Even small contract volumes can create big problems without proper management. ALOE scales to fit your needs, helping you stay ahead of deadlines, identify risks, and maintain compliance. Plus, by automating routine tasks, youll free up time for higher-value activitiesno matter your contract volume.

Contract management 52

Contract management Compliance Analytics Legal tech 52

MatterSuite

SEPTEMBER 2, 2024

Risk Management : Identifying potential legal risks and implementing strategies to mitigate them, ensuring the company remains compliant with relevant laws and regulations. Litigation Oversight : Managing any litigation or disputes the company is involved in, working with external counsel when necessary.

Contract management 52

Contract management Compliance Litigation Litigator 52

MatterSuite

FEBRUARY 6, 2024

Compliance with Evolving Regulatory Standards The legal landscape is marked by constantly evolving regulatory standards and compliance requirements. Tracking and documenting changes is vital, especially in legal documents, ensuring compliance and accuracy by maintaining a clear audit trail of alterations.

Legal technology 52

Legal technology Legal technology Law firm Time-tracking 52

MatterSuite

FEBRUARY 6, 2024

Compliance with Evolving Regulatory Standards The legal landscape is marked by constantly evolving regulatory standards and compliance requirements. Tracking and documenting changes is vital, especially in legal documents, ensuring compliance and accuracy by maintaining a clear audit trail of alterations.

Law firm 52

Law firm Legal technology Legal technology Time-tracking 52

Percipient

JANUARY 20, 2025

Predictive Analytics Predictive analytics revolves around using data to make smart guesses about what might happen next. Its also super handy for spotting legal risks early, especially in compliance, so you can deal with issues before they get out of hand.

Legal tech 52

Legal tech Legal tech Machine learning e-discovery 52

Ron Friedmann

JUNE 17, 2020

Also: using tools to budget and track them; tech to track compliance and flag potential issues. Create the conditions for innovation, based on research and analytic process. That has to be paired with rigorous business analytics. The Microsoft Law Department has been on a digital transformation for years.

Time-tracking 130

Time-tracking e-discovery Analytics Law firm 130

Percipient

JANUARY 15, 2025

In fact, according to Gartner , AI-based contract analytics solutions can reduce the manual effort needed for contract review by 50%. Thats a huge time-saver for law firms and corporations managing complex workflows. How Does Contract Review Software Work? Can ChatGPT review a contract?

Software 52

Software Compliance Contract management Analytics 52

MatterSuite

OCTOBER 12, 2023

These teams play a pivotal role in safeguarding a company’s interests, managing risks, and ensuring compliance with laws and regulations. This involves identifying the areas of law that are most relevant to your business, such as employment law, compliance, and litigation.

Legal tech 52

Legal tech Legal tech Contract management e-discovery 52

MatterSuite

MAY 16, 2023

Additionally, leveraging project management software allows legal operations managers to track progress, allocate resources effectively, and mitigate risks. According to a survey by Ari Kaplan Advisors , 73% of legal operations professionals believe that data analytics is essential for effective legal operations.

Analytics 52

Analytics e-discovery Software Time-tracking 52

LawSites

SEPTEMBER 1, 2021

Onit says that the acquisition “creates the most complete enterprise legal management solutions on the market, allowing corporate legal departments to evolve analytics into actionable intelligence to optimize outside counsel spend.” Analytics and Benchmarking. Bam, there’s my analytics and my benchmarking.'”

Analytics 52

Analytics Law firm Contract management Software 52

MatterSuite

JULY 27, 2023

Legal departments play a crucial role in contract management, and tracking this KPI helps identify process inefficiencies and potential delays. By reducing contract cycle time, legal professionals can enhance their organization’s ability to seize business opportunities. By monitoring client satisfaction, KPIs.

Time-tracking 52

Time-tracking Compliance Law firm Contract management 52

Legodesk

FEBRUARY 15, 2022

Enhanced Compliance It’s critical to have the capacity to view reports in a variety of forms when it comes to reporting and analytics since this enables visibility and transparency across your entire organization. As a result, there is more accountability and improved compliance.

Law firm 52

Law firm Time-tracking Law Law 52

AXDRAFT

FEBRUARY 17, 2023

Definition of Buy-Side Contracts In simple words, buy-side contracts are agreements that define the receipt of goods or services in exchange for something in return, typically money. No matter which industry your company is in, there are always departments such as procurement, outsourcing, and others that deal with buy-side contracts.

Time-tracking 52

Time-tracking Contract management Analytics Failure-to-appear 52

Rocket Matter

DECEMBER 17, 2024

For example, the Rocket Matter legal customer relationship management (CRM) platform offers robust analytics tools that help you track client interactions and performance metrics. Rocket Matter offers legal billing and contract management tools that simplify the entire billing process.

Law firm 52

Law firm Law Law Legal CRM 52

LawSites

MARCH 23, 2023

As has been the case for several years, e-discovery and contract-management companies dominated the news coming out of Legalweek. See also my posts this week about the expansion of Law.com Radar and about two surveys from LexisNexis on generative AI and litigation analytics. Here is part two.

e-discovery 59

e-discovery e-records e-filing Analytics 59

Simple Legal

DECEMBER 7, 2022

The same goes for general contract standards. Simply enter pre-approved language into your legal contract management software, and the platform will automatically flag deviations from those guidelines. Proactively reach out to IT to lend support in navigating the compliance side of all things data privacy.

Time-tracking 52

Time-tracking Compliance Contract management Legal tech 52

AXDRAFT

JANUARY 20, 2023

Other Challenges CLM Can Resolve for SaaS Companies Contract management has different challenges, and security is not the only area that contract lifecycle management solutions can help with for SaaS. These issues are inherent in outdated contract management, and CLM can solve them while improving security.

Time-tracking 52

Time-tracking Contract management Software Analytics 52

Legal Tech Monitor

MARCH 23, 2023

As has been the case for several years, e-discovery and contract-management companies dominated the news coming out of Legalweek. See also my posts this week about the expansion of Law.com Radar and about two surveys from LexisNexis on generative AI and litigation analytics. Here is part two.

e-discovery 52

e-discovery e-records e-filing Analytics 52

Colin S. Levy

JUNE 5, 2024

For example, a law firm could start by integrating AI tools into its research department and gradually extend their use to contract management and client interactions. Similarly, a corporate legal department could test an automated contract management system on a limited number of contracts to gather feedback and improve the system.

Paralegal 52

Paralegal Due diligence Contract management Time-tracking 52

Colin S. Levy

DECEMBER 19, 2023

Tariq Akbar is the CEO of LegalEase Solutions , which offers corporate legal departments and law firms innovative support with regulatory compliance, contract life cycle management, legal analytics, legal research and legal writing. Managing contracts is not new tech, but CLM is — relatively speaking.

Contract management 59

Contract management Software Legal tech Legal tech 59

AXDRAFT

MARCH 3, 2023

All company operations are based on contracts. Involving everyone in contract management transforms contracting into an enterprise-level task. Business departments capable of processing routine contracts can speed up workflows and boost the company’s efficiency. Scanning the market for CLM solutions?

Time-tracking 52

Time-tracking Software Contract management Lawyer 52

MatterSuite

NOVEMBER 9, 2023

This disruption impacts everything from document review and legal research to contract management and predictive analysis. Ensuring compliance with evolving legal and ethical standards is a complex task. These skills include proficiency in legal research software , document automation, data analytics, and more.

Legal tech 52

Legal tech Legal tech Law Law 52

3 Geeks and a Law Blog

MAY 9, 2023

The natural language processing has found its way into many, many, many products from eDiscovery, to due diligence to legal research, litigation, analytics and prediction, all types of legal tech tool, but it hasn’t been absolutely transformative. So you know, organizations like contract, pod AI, started to bring in AI.

Law firm 162

Law firm Legal tech Legal tech Lawyer 162

Legal Tech Monitor

MAY 9, 2023

The natural language processing has found its way into many, many, many products from eDiscovery, to due diligence to legal research, litigation, analytics and prediction, all types of legal tech tool, but it hasn’t been absolutely transformative. So you know, organizations like contract, pod AI, started to bring in AI.

Law firm 52

Law firm Legal tech Legal tech Lawyer 52

LawSites

JANUARY 17, 2022

How we’re unique: While other products are descriptive in nature, we are building the first truly prescriptive set of legal analytics products. We can help lawyers make evidence-based decisions by providing custom-tailored recommendations and analytics, all focused on judges and their philosophies of the law. Koncord Law.

e-discovery 25

e-discovery Time-tracking Attorney Law firm 25

Above the Law - Technology

DECEMBER 4, 2023

We exploited how essential story elements fit into any investigation or discovery process and made highly complex analytics fit naturally with the way legal professionals want to find answers in ESI. 75% of lawyers use these tools to manage their projects. The core principle of the platform is, “Whoever tells the best story wins.”

Litigation 325

Litigation Litigator Mediator Law firm 325

LawSites

JANUARY 17, 2022

How we’re unique: While other products are descriptive in nature, we are building the first truly prescriptive set of legal analytics products. We can help lawyers make evidence-based decisions by providing custom-tailored recommendations and analytics, all focused on judges and their philosophies of the law. Koncord Law.

e-discovery 52

e-discovery Time-tracking Attorney Law firm 52

Legal Tech Monitor

DECEMBER 4, 2023

We exploited how essential story elements fit into any investigation or discovery process and made highly complex analytics fit naturally with the way legal professionals want to find answers in ESI. 75% of lawyers use these tools to manage their projects. The core principle of the platform is, “Whoever tells the best story wins.”

Litigation 52

Litigation Litigator Mediator Law firm 52