Percipient

JANUARY 31, 2025

If contract management is not prioritized, it can be a serious drain on the bottom line. Contract review tools simplify the process, helping teams identify risks, edit agreements, and stay organized. If your business handles a lot of contracts, these tools can make managing them a whole lot simpler and more efficient.

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LawSites

NOVEMBER 3, 2021

Last year, I wrote here about Lexion , an AI-powered contract management system for mid-market corporations that emerged out of the Allen Institute for AI , the AI research institute created by Microsoft cofounder Paul Allen. The dashboard also provides analytics that provide an overview of tasks by dates, owners and types.

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Contract management Time-tracking Analytics Hearing 52

Legodesk

FEBRUARY 15, 2022

Automating your law firm’s workflow can have a number of benefits. In addition, automating your workflow can help you to better keep track of deadlines, manage files, and coordinate negotiations. Most legal firms begin small and expand over time to include a large number of attorneys and administrative staff.

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Legodesk

FEBRUARY 15, 2022

Legal workflow automation is the process of automating routine tasks for law firms. Automating your law firm’s workflow can have a number of benefits. In addition, automating your workflow can help you to better keep track of deadlines, manage files, and coordinate negotiations.

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MatterSuite

FEBRUARY 6, 2024

Cloud-based legal technology empowers law firms with unparalleled flexibility, scalability, and accessibility, redefining the way legal professionals work, collaborate, and serve their clients. These challenges, if left unaddressed, can impede progress and hinder the potential for growth and innovation within law firms.

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MatterSuite

FEBRUARY 6, 2024

Cloud-based legal technology empowers law firms with unparalleled flexibility, scalability, and accessibility, redefining the way legal professionals work, collaborate, and serve their clients. These challenges, if left unaddressed, can impede progress and hinder the potential for growth and innovation within law firms.

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LawSites

FEBRUARY 15, 2023

It will integrate across the Filevine “fileverse” that includes Outlaw for contract management and Lead Docket for lead management, as well as with the data visualization and analytics platform Domo, another Filevine integration platform. Oracle NetSuite is designed for mid-sized to larger businesses.

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Contract management Software Analytics Practice management 98

Clio

MARCH 25, 2024

Understanding the intricacies of law firm economics is crucial for a firm’s long-term success and profitability. In this comprehensive guide, we will delve into the various aspects of law firm economics, including revenue streams, costs, profitability metrics, and strategies for improvement.

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LawSites

MARCH 8, 2024

Launched just four months ago by engineers who previously worked for Uber, Google and Amazon, Traact , a SaaS platform that integrates a range of corporate functions in an all-in-one platform, today said it has entered into a strategic partnership with Klea , a Belgium-based provider of AI-enabled legal entity management.

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Law firm Contract management Analytics Document management 59

LawSites

NOVEMBER 8, 2023

Intended for customers in both corporate legal and law firms, Traact offers modules for entity management, permits and licensing, board management, matter management, contract management, disputes and litigation, finance and taxes (including spend management), and document management. .”

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Legal Tech Monitor

MARCH 8, 2024

Launched just four months ago by engineers who previously worked for Uber, Google and Amazon, Traact , a SaaS platform that integrates a range of corporate functions in an all-in-one platform, today said it has entered into a strategic partnership with Klea , a Belgium-based provider of AI-enabled legal entity management.

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Law firm Contract management Analytics Document management 52

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?

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Ron Friedmann

JUNE 17, 2020

We were receiving presentations from law firms. Create the conditions for innovation, based on research and analytic process. That has to be paired with rigorous business analytics. Submissions from Law Firms and Providers Notes from video montage… 11 service provders, 9 teams, develop 11 in-depth proposals.

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MatterSuite

JULY 29, 2023

Efficient Contract Management : Contracts are the backbone of business operations, and managing them effectively is critical. Legal technology offers contract management solutions. That streamlines the entire lifecycle of a contract, from creation and negotiation to execution and renewal.

Legal technology 52

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MatterSuite

OCTOBER 7, 2024

10 Key Predictions for Future of the Legal Function Here are the top 10 predictions for 2025 in legal industries that can help you and your law firms. Automation tools will be helpful for both law firms and in-house legal teams. Rise of Legal Analytics Legal analytics is the future of legal tech.

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LawSites

AUGUST 2, 2022

ZenCase is a Next Generation, Cloud-Based Law Practice software that makes everyone’s job in the firm easier, no matter the size. Developed by attorneys for law firms. LexWorkplace provides cloud-based, matter-centric document and email management for law firms of 5–50 users. Lex Workplace.

Legal technology 52

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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. ” Terms of the deal were not disclosed.

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Bigfork Tech

AUGUST 19, 2024

Contract Lifecycle Management (CLM) platforms are proving to be a game-changer for legal departments and law firms, transforming how they handle agreements and streamlining operations in ways that were once considered the stuff of fantasy.

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MatterSuite

MAY 16, 2023

In today’s complex legal landscape, the role of legal operations managers has become increasingly critical. These professionals play a pivotal role in law firms and legal departments by overseeing and optimizing various aspects of operations. times more likely to be successful in their transformation efforts.

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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. Why is legal operations important? This frees up attorneys to focus on high-value activities.

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Legal Tech Monitor

NOVEMBER 8, 2023

Intended for customers in both corporate legal and law firms, Traact offers modules for entity management, permits and licensing, board management, matter management, contract management, disputes and litigation, finance and taxes (including spend management), and document management.

Due diligence 52

Due diligence Contract management Analytics e-filing 52

Attorney at Work

SEPTEMBER 15, 2022

Related: “Five Ways to Start Using Evernote in Your Law Practice.”) ”) Arteria AI is an end-to-end contract management tool originally developed by Deloitte’s AI Factory to streamline the drafting process. AI-Powered State Court Intelligence & Judicial Analytics.

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ELTA

JUNE 5, 2024

Valentin Feklistov, ELTA Ambassador Estonia Tobias Heining: Crafting the Future-Proof Law Firm In a compelling panel discussion, Tobias Heining delved into the myriad ways law firms can safeguard their future. of revenues due to poor contract management. of revenues due to poor contract management.

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TechLaw Crossroads

DECEMBER 23, 2022

Law360 Pulse recently released its second annual Leaderboard law firm rankings. The rankings highlight and rank firms across a broad range of criteria. The Social Impact report measures law firms’ social impact efforts across five pillars. Data can show firms where they need to improve.

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MatterSuite

SEPTEMBER 20, 2024

In-house teams are unique from external law firms, which act for many clients, in that these teams are exclusive to the organization. Advise the organization’s board of directors and top management. Coordinate with external law firms. General skills as a lawyer having knowledge of the different areas of law.

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MatterSuite

JULY 27, 2023

World of law, where the pursuit of justice intertwines with the demands of a thriving business. For law firms to navigate the complexities of the legal landscape and emerge as industry leaders, they must harness the power of KPIs. This KPI is essential for law firms as it directly impacts revenue generation.

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Colin S. Levy

JUNE 5, 2024

For instance, consider a law firm where AI-powered tools automatically sort through discovery documents, identifying relevant information faster than any human could. 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.

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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. Reduce this friction by working directly with procurement on law firm benchmarking.

Time-tracking 52

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MatterSuite

NOVEMBER 9, 2023

This shift in client preferences has led law firms to reevaluate their business models and adopt client-centric approaches. Competition among Law Firms: The legal market is experiencing heightened competition. Intensifying Competition Among Law Firms The legal market is becoming more crowded and competitive.

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CaseFox

OCTOBER 16, 2023

” It not just helps law firms and in-house legal teams as a support function. But act as a game changer in enhancing the efficiency of a firm, reducing overall operating costs. This includes helping them with information and supporting them in financial management, strategic planning, and data analytics.

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Simple Legal

APRIL 27, 2023

On top of that, you’re unable to collect valuable data for enhanced reporting and analytics, meaning you can’t meet your goal of greater visibility into your legal spend so you can make more informed decisions. Talk to your team members and your law firms.

Legal tech 59

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3 Geeks and a Law Blog

OCTOBER 23, 2023

And then goes into the process of what he would want to know if he was just starting with contract management in that category. So it does go back a little bit to what Colin was saying about knowing thyself, and give you know, as an as a law firm, as a legal professional, where are you in that stage? What’s happening?

Legal tech 147

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Bigfork Tech

OCTOBER 22, 2024

It’s widely used in applications such as fraud detection and predictive analytics, allowing organizations to gain insights and make data-driven decisions. From robotic process automation in law firms to industrial robots on assembly lines, AI is transforming how tasks are completed across various industries.

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Machine learning Legal research Legal advice Legal software 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.

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Contract management Software Legal tech Legal tech 59

3 Geeks and a Law Blog

MAY 9, 2023

He also discusses the potential impact of AI on law firm business models. Then I came back to London, I became a strategy consultants, working with Thomson Reuters with Hilda brands and Baker Robins that I joined an m&a Boutique in London, we used to merge law firms together. touched on AI. Got some great speakers.

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LawSites

SEPTEMBER 14, 2022

56% of corporate lawyers and 45% of law firm lawyers report increased demands for ESG guidance over the past year. Those in law firms ranked the most important technologies as document management, cybersecurity and encryption tools, and digital court proceedings.

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Legal Tech Monitor

MAY 9, 2023

He also discusses the potential impact of AI on law firm business models. Then I came back to London, I became a strategy consultants, working with Thomson Reuters with Hilda brands and Baker Robins that I joined an m&a Boutique in London, we used to merge law firms together. touched on AI. Got some great speakers.

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