Bigfork Tech

NOVEMBER 6, 2024

The Role of AI in Litigation Support Overview of AI Tools Used in Case Management AI tools are increasingly becoming necessary in legal case management. Solutions like natural language processing (NLP) and machine learning algorithms help lawyers manage large amounts of information and complex case details efficiently.

Case management 52

Case management Litigator Litigation e-discovery 52

LawSites

SEPTEMBER 14, 2022

Coping with the increased volume and complexity of information – 79%. Those in law firms ranked the most important technologies as document management, cybersecurity and encryption tools, and digital court proceedings. Meeting changing client and leadership expectations – 79%.

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Lawyer Law firm Document management Contract management 97

Percipient

JANUARY 20, 2025

For instance, machine learning can predict litigation risks based on similar cases, identify trends that might impact a client, or flag unusual clauses in contracts that might need extra attention. Predictive Analytics Predictive analytics revolves around using data to make smart guesses about what might happen next.

Legal tech 52

Legal tech Legal tech Machine learning e-discovery 52

LawSites

MAY 11, 2022

Evisort , a provider of no-code, artificial intelligence products for contract management and analysis, has raised 100 million in capital, including equity and venture debt financing, bringing its total funding to date to $155 million. . Related: How It Works: Evisort, A Leading Provider of Contract Management and AI Solutions.

Contract management 52

Contract management Analytics Legal technology Legal technology 52

LawSites

NOVEMBER 18, 2022

The survey by contract management company Lexion polled 450 inhouse legal professionals — general counsel, inhouse counsel, legal operations professionals, contract managers, paralegals and others — across various industries. Contract analytics/reporting. Legal task management. Spend management.

Legal tech 96

Legal tech Legal tech e-discovery Contract management 96

Colin S. Levy

FEBRUARY 18, 2025

Easier contract management. They let you manage contracts at scale. For all their benefits, templates have some drawbacks: They stunt your drafting and analytical skills. Why are these parties entering into this contract? Checklists on steroids. Templates ensure that you wont omit crucial items.

Intellectual Property 81

Intellectual Property Dispute resolution Contract management Lawyer 81

LawSites

OCTOBER 12, 2021

Upload 10,000 contracts today and nearly instantly visualize critical contract data and key metrics. That is what contract management company Evisort says its customers can now do with the launch today of its new Intelligent Dashboarding. Visualizing Contract Data.

Time-tracking 98

Time-tracking Analytics Contract management Law 98

Bigfork Tech

JANUARY 28, 2025

Data-Driven Insights : Leverage analytics to review historical contract performance and negotiate better terms during renewals. Seamless Collaboration : ALOEs user-friendly interface allows teams to work together efficiently, ensuring that all stakeholders have access to the information they need.

Compliance 52

Compliance Analytics Software Contract management 52

Percipient

JANUARY 15, 2025

Instead of spending hours buried in paperwork, you can tackle contract reviews more efficiently and with greater accuracy. In fact, according to Gartner , AI-based contract analytics solutions can reduce the manual effort needed for contract review by 50%. How Does Contract Review Software Work? Definitely not.

Software 52

Software Compliance Contract management Analytics 52

LawSites

FEBRUARY 15, 2023

The feature will take images and documents provided by clients – such as birth certificates, marriage licenses, passports, and tax returns – and first translate them, if they are not in English, and then extract and label the information they contain. Once extracted and labeled, the client data (name, date of birth, etc.)

Contract management 98

Contract management Software Analytics Practice management 98

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.

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MatterSuite

JULY 29, 2023

Additionally, these systems often come equipped with security measures to protect sensitive information, ensuring compliance with data privacy regulations. Efficient Contract Management : Contracts are the backbone of business operations, and managing them effectively is critical.

Legal technology 52

Legal technology Legal technology Contract management Time-tracking 52

Attorney at Work

SEPTEMBER 15, 2022

Trello is another popular Kanban-style tool that, like Asana, stores information in the cloud. They can customize each board with columns so that staff members can track or manage the development of a case. AI-Powered State Court Intelligence & Judicial Analytics. This is achieved through the development of boards or lists.

Attorney 107

Attorney Client Intake Time-tracking Practice management 107

Law Technology Today

JULY 25, 2023

Both have been mainstays over the last few years — especially within the realms of contract review and in predictive analytics around judge rulings and the effects of precedent. Divisions that stand to benefit from AI’s facilitated tools include procurement, contract management and sales-focused divisions.

Machine learning 66

Machine learning Contract management Software e-discovery 66

MatterSuite

JULY 9, 2024

As AI continues to redefine the legal landscape, it’s crucial to stay informed about the tools making the biggest impact. Best Tools for In-House Legal Teams The best tools for in-house legal teams are designed to streamline various aspects of legal operations, from contract management to e-discovery.

Legal AI 52

Legal AI e-discovery Time-tracking Contract management 52

MatterSuite

JULY 9, 2024

As AI continues to redefine the legal landscape, it’s crucial to stay informed about the tools making the biggest impact. Best Tools for In-House Legal Teams The best tools for in-house legal teams are designed to streamline various aspects of legal operations, from contract management to e-discovery.

Legal AI 52

Legal AI e-discovery Time-tracking Contract management 52

Ron Friedmann

JUNE 17, 2020

We are moving information from outside the email silo to a community of knowledge and sharing. Create the conditions for innovation, based on research and analytic process. That has to be paired with rigorous business analytics. Jason says this was built with “citizen developer tools”, meaning little development.

Time-tracking 130

Time-tracking e-discovery Analytics Law firm 130

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

Legal Tech Monitor

FEBRUARY 12, 2024

This award honors new commercial information products that enhance or improve existing law library services or procedures or innovative products which improve access to legal information, the legal research process, or procedures for technical processing of library materials. Both members and vendors can submit nominations.

Legal research 52

Legal research Contract management Analytics Software 52

Dewey B Strategic

FEBRUARY 12, 2024

This award honors new commercial information products that enhance or improve existing law library services or procedures or innovative products which improve access to legal information, the legal research process, or procedures for technical processing of library materials. Both members and vendors can submit nominations.

Legal research 52

Legal research Contract management Analytics Software 52

LawSites

DECEMBER 22, 2021

The company, which provides AI-driven contract management, is today releasing a year-end report that reveals that it has doubled both its revenue and headcount in 2021. Its platform offers both post-signature contract management, review and analytics and pre-signature contract generation and approval.

Legal tech 52

Legal tech Legal tech Contract management Analytics 52

Bigfork Tech

AUGUST 19, 2024

ALOE provides valuable analytics and reporting capabilities that offer a deeper understanding of your contract management processes. Features to look for: · Performance Metrics : Track metrics such as contract approval times, compliance rates, and renewal success.

Legal tech 52

Legal tech Legal tech Time-tracking Contract management 52

Bigfork Tech

APRIL 3, 2023

Reporting and analytics: A CLM solution should provide reporting and analytics capabilities, allowing users to track contract performance and gain insights into their contract portfolio. Download our free white paper below if you want to learn more about contract lifecycle management technology.

Analytics 52

Analytics Contract management 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

MatterSuite

FEBRUARY 6, 2024

Legacy systems, resistant to integration with modern tech, hinder seamless information flow and create silos within firms. Cybersecurity Threats and Data Breaches The legal industry, entrusted with sensitive client information, faces escalating cybersecurity threats and the looming specter of data breaches.

Legal technology 52

Legal technology Legal technology Law firm Time-tracking 52

MatterSuite

FEBRUARY 6, 2024

Legacy systems, resistant to integration with modern tech, hinder seamless information flow and create silos within firms. Cybersecurity Threats and Data Breaches The legal industry, entrusted with sensitive client information, faces escalating cybersecurity threats and the looming specter of data breaches.

Law firm 52

Law firm Legal technology Legal technology Time-tracking 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

AXDRAFT

JANUARY 20, 2023

And one year before that, the phone numbers, emails, and other personal information of 700 million LinkedIn users were put on sale. Such transactions rely on trust, and to govern them effectively, SaaS contracts need to be well-negotiated, structured, and very detailed. Client information must be encrypted so that it’s hard to hack.

Time-tracking 52

Time-tracking Contract management Software Analytics 52

Clio

MARCH 19, 2024

It encompasses a variety of activities that do not require a license to practice law, such as strategic planning, project management, financial management, and technology implementation and management. None of these areas can be handled effectively without the appropriate technology for reporting, analytics, and automation.

Analytics 52

Analytics Contract management Intellectual Property Time-tracking 52

TechLaw Crossroads

DECEMBER 23, 2022

Information we never had before. Law360 looked at 10 case types, including antitrust, consumer protection, contracts, copyright, employment, insurance, patent, product liability, securities, and torts. Why am I thankful in 2022 for data? It’s because of the kind of information and use that can be made of data like this.

e-discovery 52

e-discovery Analytics Contract management Law firm 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

3 Geeks and a Law Blog

OCTOBER 23, 2023

Carlisle appreciated being able to consolidate information on contract lifecycle management. For anyone who’s who’s under a rock and hasn’t seen Collins posts, you know, not only are they informative, but probably some of the most honest and real ones you’ll see. It was aimed at supporting, informing and inspiring others.

Legal tech 147

Legal tech Legal tech Document automation Hearing 147

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 Litigator Litigation 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 Litigator Litigation 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

MatterSuite

OCTOBER 12, 2023

Invest in legal tech like contract management software, e-discovery tools , and research platforms to empower your in-house legal team. Efficiency and Productivity Legal tech tools automate many repetitive and time-consuming tasks, such as document review, contract management, and legal research.

Legal tech 52

Legal tech Legal tech Contract management e-discovery 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. Read Also – How to use Legodesk to automate contract management?

Law firm 52

Law firm Time-tracking Law Law 52