LawSites

MAY 15, 2023

A new company coming out of stealth today, The Contract Network , aims to “radically accelerate the time for contract negotiations” by providing an AI-powered collaboration platform that can be used by all parties to a transaction to more quickly “get to the point” in their negotiations. The clumsiness of compliance.

Legal tech 103

Legal tech Legal tech Compliance Time-tracking 103

3 Geeks and a Law Blog

JUNE 20, 2023

Our guest this week is ⁠ Kristina Satkunas ⁠ , Director of Analytic Consulting at LexisNexis. She acknowledges AFAs require effort to evaluate and implement but thinks legal operations teams and outside counsel should work together using data and analytics to develop reasonable AFA proposals. AFAs can help buffer rising hourly rates.

Time-tracking 162

Time-tracking Hearing Analytics Law firm 162

Simple Legal

DECEMBER 12, 2024

It is possible to track and report on your teams performance without access to in-depth data itll just take some extra legwork to collect and organize the information you have into an insightful report. This is a great way to keep track of costs and spot areas where you may be overspending.

Time-tracking 86

Time-tracking Software Analytics Attorney 86

CaseFox

MAY 31, 2023

The traditional law firm billing process requires a lot of time and resources. Throughout the life of the case, the firm maintains records of the billable hours, other time entries, and expenditures. This eliminates the need to visit clients to receive payments, ultimately saving time and effort for both parties involved.

Law firm 98

Law firm Time-tracking Billing software Law 98

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. No hang-ups, from start to finish. No digging for information.

Time-tracking 80

Time-tracking Compliance Document storage Lawsuit 80

MatterSuite

JANUARY 23, 2024

From matter management and contract lifecycle management to e-billing and compliance, ELM solution provides a unified platform that empowers legal professionals to work more efficiently and strategically. Reporting and Analytics: ELM platform equips in-house legal teams with robust reporting and analytics tools.

Software 52

Software Time-tracking Compliance Analytics 52

Ron Friedmann

JUNE 17, 2020

Also: using tools to budget and track them; tech to track compliance and flag potential issues. De-Prioritization: we have to give permission to give lawyers time to work on all this. And we needed, at the same time, to build an infrastructure for longer term scalability. HiveMind is a prototype.

Time-tracking 130

Time-tracking e-discovery Analytics Law firm 130

Centerbase

OCTOBER 4, 2023

Starting early ensures firms have ample time to assess their current financial standing, analyze past spending patterns, and anticipate future costs. Items such as professional liability insurance, litigation expenses, or regulatory compliance costs can fluctuate, impacting the budget unexpectedly.

Law firm 98

Law firm Law Law Legal software 98

MatterSuite

JULY 9, 2024

Imagine a world where your in-house legal team can predict litigation outcomes, automate tedious document reviews, and ensure compliance with evolving regulations—all while cutting costs and boosting efficiency. These platforms use AI to analyze contracts, identify risks, and ensure compliance.

Legal AI 52

Legal AI e-discovery Time-tracking Contract management 52

MatterSuite

JULY 9, 2024

Imagine a world where your in-house legal team can predict litigation outcomes, automate tedious document reviews, and ensure compliance with evolving regulations—all while cutting costs and boosting efficiency. These platforms use AI to analyze contracts, identify risks, and ensure compliance.

Legal AI 52

Legal AI e-discovery Time-tracking Contract management 52

MatterSuite

AUGUST 23, 2024

Time Tracking: Monitoring billable hours and ensuring accurate invoicing for specific cases. This includes tracking budgets, expenses, and resource allocation, which are essential for maintaining financial health and operational efficiency. – Consider if you need a more comprehensive system to manage diverse legal tasks.

Case management 52

Case management Time-tracking Intellectual Property Compliance 52

Debevoise Data Blog

MARCH 6, 2023

Department of Justice (“DOJ”) announced several updates to its corporate enforcement policies, in significant part formalizing recent pronouncements about corporate compliance programs. This includes developing and implementing effective programs that foster a compliance-promoting culture and holding individual wrongdoers accountable.

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Compliance Prosecutor Time-tracking Attorney 52

MatterSuite

JULY 29, 2023

By automating routine tasks and ensuring compliance, legal technology empowers legal professionals to focus on high-value work. Automation of Routine Tasks : Legal professionals often find themselves burdened with repetitive and automated time-consuming tasks. Make data-driven decisions and deliver better outcomes.

Legal technology 52

Legal technology Legal technology Contract management Time-tracking 52

MatterSuite

SEPTEMBER 4, 2023

Organizations’ legal departments continually grapple with managing intricate matters, regulatory compliance, contracts, and numerous legal responsibilities. Understanding Enhanced Reporting Enhanced reporting in legal operations involves leveraging advanced data analytics and visualization tools.

Time-tracking 52

Time-tracking Compliance Case management Analytics 52

Rocket Matter

AUGUST 14, 2024

And with so much to pay for—staff salaries, office leases, and all the supplies and technologies that go into running a legal practice—attorneys especially need to be paid on time. Many law firms s truggle with slow payments , but thankfully there’s a solution that allows you to get paid without the follow-ups and delays: Rocket Matter Pay.

Time-tracking 52

Time-tracking Practice management Compliance Analytics 52

Colin S. Levy

MAY 30, 2023

Peter Geovanes is a results-driven data, analytics & AI/ML executive (JD/MBA) who provides a unique background that combines data science, artificial intelligence and machine learning capabilities along with business strategy, innovation, R&D, project management and management consulting skills.

Analytics 59

Analytics Machine learning Time-tracking Legal tech 59

Bigfork Tech

AUGUST 19, 2024

However, managing them can be a complex, time-consuming task involving multiple stages from creation to execution and renewal. Automate Approvals : Set up automated workflows for contract approvals, ensuring that every agreement is reviewed and authorized by the right level of authority, in a timely manner.

Legal tech 52

Legal tech Legal tech Time-tracking Contract management 52

MatterSuite

FEBRUARY 6, 2024

Compliance with Evolving Regulatory Standards The legal landscape is marked by constantly evolving regulatory standards and compliance requirements. This structured storage system ensures that documents are readily accessible and systematically arranged, reducing the time spent searching for critical information.

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. This structured storage system ensures that documents are readily accessible and systematically arranged, reducing the time spent searching for critical information.

Law firm 52

Law firm Legal technology Legal technology Time-tracking 52

Lawmatics

FEBRUARY 15, 2024

Lawyers typically bill for their services in one of several ways: Hourly: Bills are based on the hours spent on a case or project, with time tracked in increments, e.g., tenths of an hour. Flat: A set fee for certain services, regardless of the actual time spent on the matter. How does billing software work?

Billing software 52

Billing software Software Time-tracking Analytics 52

MatterSuite

JUNE 18, 2023

However, it has evolved into a multidimensional function, encompassing various areas such as technology, project management, and data analytics. By leveraging artificial intelligence, machine learning, and data analytics. Traditionally, legal operations primarily focused on administrative tasks.

Analytics 52

Analytics Time-tracking e-discovery Contract management 52

OpenText

NOVEMBER 26, 2024

This feature comes with tracking capabilities and the ability to delete sub-documents, giving you greater control over your data. Users can refine review criteria against smaller subsets of data as many times as required and adjust the criteria until it returns optimal results. These updates in OpenText eDiscovery CE 24.4

e-filing 59

e-filing Analytics Time-tracking e-discovery 59

Rocket Matter

NOVEMBER 26, 2024

For lawyers and firms, time isn’t just money—it’s one of their most important resources. One aspect of business that can gobble away at this valuable time is ineffective payment management. The traditional legal payment process is full of time-consuming steps. First, you calculate billable hours for each client.

Time-tracking 52

Time-tracking Law firm Analytics Practice management 52

Rocket Matter

OCTOBER 23, 2024

However, the daily demands of legal work can often leave little time for maintaining the interactions that generate leads and sustain long-term client relationships. These specialized tools ensure your CRM works the way your firm operates, enhancing both productivity and compliance.

Time-tracking 52

Time-tracking Document management Legal CRM Practice management 52

MatterSuite

JULY 27, 2023

Tracking billable hours helps assess the productivity and utilization of lawyers and enables accurate billing to clients. Turnaround Time: Turnaround time measures the speed at which legal tasks or projects are completed. It is particularly important for time-sensitive matters, such as contract reviews or court filings.

Time-tracking 52

Time-tracking Compliance Law firm Contract management 52

MatterSuite

OCTOBER 7, 2024

As we approach 2025, it’s time to sit and evaluate legal trends for the upcoming year. To save you time and hassle we have created a list of 2025 predictions aka legal industry trends that will be dominating in the industry for upcoming years. These tasks are time-consuming and limit the ability to produce high-quality work.

Compliance 52

Compliance Legal tech Legal tech Analytics 52

Law Technology Today

AUGUST 29, 2023

Over the past year, we’ve seen privacy-related legal actions brought against companies from Federal, State, and Regulatory agencies, and private classes that focus heavily on data privacy violations related to website tracking. Hospital and healthcare websites have been hit hard since this clarification.

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Defendant Lawsuit Software Lawyer 75

Attorney at Work

SEPTEMBER 7, 2021

CRM solutions are designed to provide insight into your relationships with clients and leverage them in a more systematic way by highlighting connections, maintaining up-to-date information, and providing data and analytics that allow you to better serve the clients you have and find new ones. You are manually inputting client data.

Case management 84

Case management Software Law firm Analytics 84

Lawmatics

DECEMBER 5, 2023

In turn, lawyers can use legal tech to automate routine tasks, work more efficiently, and devote more time to complex work. Rather than a collection of disparate tools, a legal tech platform consolidates, manages, and automates various legal processes in a single location, increasing efficiency and making time for higher-value work.

Legal tech 52

Legal tech Legal tech Client Intake Time-tracking 52

Rocket Matter

SEPTEMBER 11, 2024

This is especially true when you have noncongruent systems for creating invoices, collecting payments, tracking time, and managing matters, which means data must be input again and again. At the end of the month, all the time and information tracked in Rocket Matter is ready to be flipped into an online invoice.

Time-tracking 52

Time-tracking Practice management Compliance Law firm 52

Lawyerist

MAY 16, 2024

Compare the potential “right time, right place” effectiveness of a Google Local Services Ad versus an old-school yellow pages or billboard advertisement. The most effective way to track and manage referrals is with tools purpose-built for the task. As for challenges, attorneys face increased inquiries (which is wonderful!)

Client Intake 65

Client Intake Law Law Time-tracking 65

MatterSuite

JULY 25, 2023

Key Benefits of Implementing Legal e-Billing Software for Corporate Legal Departments Enhanced Efficiency and Time Savings: One of the most significant advantages of legal e-billing software is its ability to automate various billing tasks. Resulting in enhanced efficiency and substantial time savings.

Billing software 52

Billing software Software Time-tracking e-records 52

MatterSuite

JULY 19, 2024

To ensure that the company offers affordable services while at the same time offering top-notch legal services. Expense Tracking and Analysis: Monitor all the legal expenses very closely with the aim of tracking them in real-time to avoid going over the set budget. What is Legal Spend Management?

Time-tracking 52

Time-tracking Analytics Software Compliance 52

Clio

FEBRUARY 28, 2024

While acquiring wet signatures can be tedious and time-consuming, technology has made it easier and more convenient for lawyers to collect electronic signatures (or “e-signatures”) in many situations. Easy tracking. You can send documents to multiple people, whether you want them to sign in a specific order or at the same time.

Law firm 52

Law firm Time-tracking Law Law 52

Legodesk

FEBRUARY 15, 2022

It can improve communication between lawyers and clients, reduce the time spent on administrative tasks, and allow you to focus on more important matters. In addition, automating your workflow can help you to better keep track of deadlines, manage files, and coordinate negotiations.

Law firm 52

Law firm Time-tracking Law Law 52

OpenText

JANUARY 31, 2024

OpenText now provides Axcelerate Cloud users with more choices than ever to leverage the most appropriate TAR workflow to meet the time, risk, and budget constraints of each project and the preferred workflow of your team. allows the review to commence immediately, saving both time and money. While first generation TAR (TAR 1.0)

Analytics 52

Analytics Time-tracking Litigation Litigator 52

Centerbase

AUGUST 7, 2024

With such a system, you can track every dollar in and out of your law firm. Loss of Billable Hours Without streamlined processes, you and your attorneys are wasting time on administrative tasks. Legal practice management software automates billing, scheduling, and document management, freeing up time for billable work.

Practice management 52

Practice management Software Attorney Time-tracking 52