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. Contract review tools simplify the process, helping teams identify risks, edit agreements, and stay organized.

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Contract management Time-tracking Compliance Machine learning 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. Among its key findings: Too much time spent on low-value tasks. Legal task management.

Legal tech 96

Legal tech Legal tech e-discovery Contract management 96

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 tracks all contracting activity and all version histories. Targeting Mid-Market.

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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.

Analytics 98

Analytics Time-tracking Contract management Law 98

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 tracks all contracting activity and all version histories. Targeting Mid-Market.

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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. For example, automating a redundant task could leave your team with more time to answer questions, respond to emails, or schedule consultations.

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Attorney at Work

SEPTEMBER 15, 2022

McElroy at Procter & Gamble circulated a memo that envisioned an employee who would be responsible for every facet of brand development — everything from tracking sales to advertising, promotion and product development. They can customize each board with columns so that staff members can track or manage the development of a case.

Attorney 108

Attorney Client Intake Time-tracking Practice management 108

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. Prioritization: balancing short- and long-term.

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MatterSuite

JULY 9, 2024

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. Contract Management Solutions Legal AI tools like Kira Systems and Luminance are leading the way in contract management.

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MatterSuite

JULY 9, 2024

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. Contract Management Solutions Legal AI tools like Kira Systems and Luminance are leading the way in contract management.

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Legal AI e-discovery Time-tracking Contract management 52

Bigfork Tech

AUGUST 19, 2024

Streamlined Contract Lifecycle Management Contracts are the lifeblood of legal operations. However, managing them can be a complex, time-consuming task involving multiple stages from creation to execution and renewal. ALOE simplifies this process by automating key aspects of the contract lifecycle.

Legal tech 52

Legal tech Legal tech Time-tracking Contract management 52

MatterSuite

JULY 29, 2023

Automation of Routine Tasks : Legal professionals often find themselves burdened with repetitive and automated time-consuming tasks. Legal technology tools, such as document management systems and contract lifecycle management software, enable the automation of these routine tasks.

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Legal technology Legal technology Contract management Time-tracking 52

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.

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Analytics Time-tracking e-discovery 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. The benefit?

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Machine learning Contract management Software e-discovery 66

MatterSuite

FEBRUARY 6, 2024

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

This structured storage system ensures that documents are readily accessible and systematically arranged, reducing the time spent searching for critical information. Tracking and documenting changes is vital, especially in legal documents, ensuring compliance and accuracy by maintaining a clear audit trail of alterations.

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Law firm Legal technology Legal technology Time-tracking 52

AXDRAFT

FEBRUARY 17, 2023

Regardless of the industry, there are always two sides to every deal, and you’ve likely been on both at one time or another. Consequently, the way you manage both sell-side and buy-side contracts directly impacts the success of your business. New to contracting?

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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.

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Time-tracking Compliance Law firm Contract management 52

AXDRAFT

JANUARY 20, 2023

Got no time to read? 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. Losing track of data The more clients you have, the more information you need to track.

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Time-tracking Contract management Software Analytics 52

LawNext podcast

APRIL 22, 2024

Almost exactly one year ago, a new legal tech startup, The Contract Network , came out of stealth , with a mission to “radically accelerate the time for contract negotiations'' through an AI-powered contract collaboration platform where all parties to a deal engage in a secure and neutral environment.

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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.

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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.

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Law firm Time-tracking Law Law 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.

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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. None of these areas can be handled effectively without the appropriate technology for reporting, analytics, and automation.

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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.

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Contract management Compliance Litigation Litigator 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.

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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.

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Simple Legal

DECEMBER 7, 2022

Investing time and energy into this improved collaboration will support the overall health and success of the business and demonstrate the value of legal ops. When finance and legal are proactive and keep legal budgets on track, both teams can better support the financial health of the organization. For sales, time is money.

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Time-tracking Compliance Contract management Legal tech 52

MatterSuite

OCTOBER 12, 2023

Develop a Clear Legal Strategy Once you’ve identified your legal needs, it’s time to develop a clear legal strategy that aligns with your business goals. Invest in legal tech like contract management software, e-discovery tools , and research platforms to empower your in-house legal team.

Legal tech 52

Legal tech Legal tech Contract management e-discovery 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.

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Simple Legal

APRIL 27, 2023

If you don’t have a concrete way to evaluate software and whether it saves your team time and supports your bottom line, a framework to evaluate your legal tech stack is a priority. Without integration capabilities, you’re missing opportunities for optimized time management and more accurate data collection.

Legal tech 59

Legal tech Legal tech Time-tracking Software 59

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.

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CaseFox

OCTOBER 16, 2023

This includes helping them with information and supporting them in financial management, strategic planning, and data analytics. The Evolution of Legal Operation Most of the functions that are part of legal operations have existed for a long time now. Managing different vendors like supplies for stationery, prints, etc.

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AXDRAFT

MARCH 3, 2023

Lawyers will be able to spend less time on low-value tasks. At the same time, business units probably won’t be keen on assuming certain legal duties. Still, when it comes to contracting, how fast your work gets done depends on how fast contracts are processed. All company operations are based on contracts.

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Time-tracking Software Contract management Lawyer 52

Colin S. Levy

JUNE 5, 2024

Rather than rightsizing, legal practices should focus on equipping the right people with the right skills for the right tasks at the right time. Imagine a scenario where an associate uses an AI tool to conduct comprehensive case law research in minutes rather than hours, providing more time for client strategy sessions.

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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. Colin Levy (CL): Tell me a little about how you got interested in the contract management space.

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Contract management Software Legal tech Legal tech 59

Clio

MARCH 25, 2024

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. To gain additional ROI insights, you should dive into your firm’s different processes and evaluate whether you’re receiving a good return on the time or money invested.

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