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. Consider also how valuable thinking about these issues are for newer lawyers and contract professionals. Checklists on steroids.

Intellectual Property 65

Intellectual Property Dispute resolution Contract management Lawyer 65

LawSites

FEBRUARY 15, 2023

The feature was developed by Filevine’s Legal Futurists team, a group of data scientists, lawyers and IT professionals who operate as a sort of skunkworks within the company. Bullish on AI In his keynote opening the conference, Filevine CEO Ryan Anderson startled some in the audience when he predicted, “AI will replace lawyers ….”

Contract management 98

Contract management Software Analytics Practice management 98

Percipient

JANUARY 15, 2025

Heres how it works: the software scans your contracts, compares clauses to preferred contract positions (sometimes called a contract playbook, identifies critical information, and highlights language that does not comply with the preferred positions. Does this mean lawyers are no longer needed? Definitely not.

Software 52

Software Compliance Contract management Analytics 52

Rocket Matter

DECEMBER 17, 2024

While they will continue to serve lawyers and law firms, modern clients demand innovation. Lawyers face more competition than ever, and you need a way to differentiate your firm from your competitors. 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

Bigfork Tech

JANUARY 28, 2025

Data-Driven Insights : Leverage analytics to review historical contract performance and negotiate better terms during renewals. Workflow Automation : Automate repetitive tasks, such as sending renewal drafts for approval, to reduce administrative burden and speed up the process.

Compliance 52

Compliance Analytics Software Contract management 52

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

Ron Friedmann

JUNE 17, 2020

Dev points out that legal market and lawyers are incredibly slow at change and digital transformation. De-Prioritization: we have to give permission to give lawyers time to work on all this. The key observation: there was a lot of context switching work by lawyers. That has to be paired with rigorous business analytics.

Time-tracking 130

Time-tracking e-discovery Analytics Law firm 130

Attorney at Work

SEPTEMBER 15, 2022

Project management tools can help lawyers with ongoing, chaotic, unpredictable workflows. Litigators rarely receive formal training in project management, but this does not mean they do not do project management. Project Management Tools. AI-Powered State Court Intelligence & Judicial Analytics.

Attorney 109

Attorney Client Intake Time-tracking Practice management 109

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

Legal technology Legal technology Contract management Time-tracking 52

LawSites

MARCH 8, 2024

As I reported in November when it launched, Traact’s all-in-one platform 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.

Law firm 59

Law firm Contract management Analytics Document management 59

3 Geeks and a Law Blog

OCTOBER 23, 2023

The guests offered advice to law students and lawyers looking to learn about and leverage legal tech. And when he came to law, he thought, well, these fancy lawyers have to have fancy tools. And then goes into the process of what he would want to know if he was just starting with contract management in that category.

Legal tech 147

Legal tech Legal tech Document automation Hearing 147

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

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

TechLaw Crossroads

DECEMBER 23, 2022

What can data do for lawyers? The same is true of lawyers looking to change jobs. It was not that long ago that lawyers made decisions that were often wild-ass guesses. Litigation analytics can now aid lawyers in developing strategies and managing clients’ expectations. And its data. What it can show us.

e-discovery 52

e-discovery Analytics Contract management Law firm 52

MatterSuite

SEPTEMBER 20, 2024

Adding to this, practicing law within the business enables in-house lawyers to gain an improved insight of the business and its risk appetite. General skills as a lawyer having knowledge of the different areas of law. Oversee other in-house lawyers and legal assistant staff. Qualification : Good leadership and management skills.

Intellectual Property 52

Intellectual Property Data protection Compliance Dispute resolution 52

MatterSuite

OCTOBER 7, 2024

But with the help of AI tools and automation software, future lawyers will be able to automate 50% of their routine tasks. Tasks like contract management, legal review, compliance management, document creation, and more can be automated using a variety of legal tech tools.

Compliance 52

Compliance Legal tech Legal tech Analytics 52

Legal Tech Monitor

MARCH 8, 2024

As I reported in November when it launched, Traact’s all-in-one platform 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.

Law firm 52

Law firm Contract management Analytics Document management 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

ELTA

JUNE 5, 2024

Reflecting on the lessons learned in 2023, Feklistov highlighted how legal tech has become a beacon of efficiency, enabling lawyers to achieve a harmonious work-life balance while enhancing their service delivery. of revenues due to poor contract management. of revenues due to poor contract management.

Contract management 52

Contract management Legal tech Legal tech Analytics 52

Bigfork Tech

DECEMBER 10, 2024

Maybe you think your business doesnt need advanced analytics or automation, and youre happy with a simpler process. So, before you say, Were fine without it, take a moment to imagine how much more you could achieve with a solution designed to take the hassle out of contract management. Ready to see the difference ALOE can make?

Contract management 52

Contract management Compliance Analytics Legal tech 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

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

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

CaseFox

OCTOBER 16, 2023

This includes helping them with information and supporting them in financial management, strategic planning, and data analytics. They reduce the burden of administration that lawyers have to manage. This allows lawyers to focus more on substantive legal work. This was mainly for their legal operations team.

Analytics 52

Analytics Time-tracking Billing software Software 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

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

MatterSuite

FEBRUARY 6, 2024

Contract Management Platforms (CMPs) CMPs are holistic systems managing an organization’s contract lifecycle, offering various features to optimize the entire contract management process. Additionally, these tools often employ advanced analytics to gain insights from the collected data.

Legal technology 52

Legal technology Legal technology Law firm Time-tracking 52

MatterSuite

FEBRUARY 6, 2024

Contract Management Platforms (CMPs) CMPs are holistic systems managing an organization’s contract lifecycle, offering various features to optimize the entire contract management process. Additionally, these tools often employ advanced analytics to gain insights from the collected data.

Law firm 52

Law firm Legal technology Legal technology Time-tracking 52

Colin S. Levy

JUNE 5, 2024

Additionally, promoting effective collaboration between lawyers, non-lawyers, and digital tools is vital for breaking down organizational silos and communication barriers. This involves prioritizing user experience and human-centric design for digital tools to ensure seamless integration with existing legal workflows and databases.

Paralegal 52

Paralegal Due diligence Contract management Time-tracking 52

MatterSuite

NOVEMBER 9, 2023

Traditional law firms now compete with alternative legal service providers, including legal tech startups, freelance lawyers, and virtual law firms. These changes aim to align the interests of clients and lawyers more effectively. They expect lawyers to deliver results while also providing a seamless and client-centric experience.

Legal tech 52

Legal tech Legal tech Law Law 52

AXDRAFT

MARCH 3, 2023

If you suggest to a lawyer that you let another unit handle their job, their likely response will be a scoff, chuckle, and shake of their head. Lawyers will be able to spend less time on low-value tasks. All company operations are based on contracts. This is because operations typically depend on lawyers.

Time-tracking 52

Time-tracking Software Contract management Lawyer 52

MatterSuite

JULY 27, 2023

Tracking billable hours helps assess the productivity and utilization of lawyers and enables accurate billing to clients. Legal departments play a crucial role in contract management, and tracking this KPI helps identify process inefficiencies and potential delays. MatterSuite is the ideal choice.

Time-tracking 52

Time-tracking Compliance Law firm Contract management 52

Clio

MARCH 25, 2024

But there are things that most lawyers can do to boost profits, such as: Legal consultations: Offer paid legal consultations to individuals or businesses seeking advice on legal matters. One of the best ways to measure the ROI of your firm’s marketing efforts is to dive into marketing data and your website’s analytics.

Law firm 52

Law firm Law Law Time-tracking 52

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. AI Based on Applications Machine Learning (ML) ML involves algorithms that enable computers to learn from data and make predictions.

Machine learning 52

Machine learning Legal research Legal advice Legal software 52

LawSites

SEPTEMBER 14, 2022

So says the 2022 edition of The Wolters Kluwer Future Ready Lawyer , a survey report that Wolters Kluwer Legal & Regulatory U.S. But even as they recognize those trends, just 36% or fewer lawyers believe their organization is very prepared to keep pace with any of these trends. has published for each of the last four years.

Lawyer 97

Lawyer Law firm Document management Contract management 97

3 Geeks and a Law Blog

MAY 9, 2023

Marlene Gebauer 0:50 Yeah, so we’d like to welcome Richard Truman’s from artificial lawyer and conference creator and Chair of legal innovators, UK and California. But for those listeners who may not be familiar with artificial lawyer, can you talk about your work there over the years? So I started a blog called artificial lawyer.

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Law firm Legal tech Legal tech Lawyer 162

Legal Tech Monitor

MAY 9, 2023

Marlene Gebauer 0:50 Yeah, so we’d like to welcome Richard Truman’s from artificial lawyer and conference creator and Chair of legal innovators, UK and California. But for those listeners who may not be familiar with artificial lawyer, can you talk about your work there over the years? So I started a blog called artificial lawyer.

Law firm 52

Law firm Legal tech Legal tech Lawyer 52