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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Percipient

JANUARY 23, 2025

Keeping track of contracts can feel like trying to tame chaosdetails get missed, deadlines sneak up, and the whole process eats up more time than it should. Heres a surprising fact: poor contract management costs businesses up to 9.2% What Is Contract Review Automation? of their revenue each year.

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Legodesk

FEBRUARY 15, 2022

Automating your law firm’s workflow can have a number of benefits. It can improve communication between lawyers and clients, reduce the time spent on administrative tasks, and allow you to focus on more important matters. Read Also – How does cloud accounting software help law firms?

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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. It can improve communication between lawyers and clients, reduce the time spent on administrative tasks, and allow you to focus on more important matters.

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

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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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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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Ron Friedmann

JUNE 17, 2020

We were receiving presentations from law firms. The Microsoft Law Department has been on a digital transformation for years. 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.

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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.

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MatterSuite

JUNE 12, 2023

But here’s the question: How can technology empower these teams to make a genuine difference, far beyond simply keeping up with the times? Join us as we embark on a journey where the convergence of law and technology unveils a transformative potential. And action holds the power to profoundly impact lives and society as a whole.

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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. ALOE simplifies this process by automating key aspects of the contract lifecycle.

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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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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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Bigfork Tech

OCTOBER 15, 2024

5 Tips for Adapting to a New Normal: Key Insights for Hybrid Legal Teams and Businesses Four years since the COVID-19 pandemic and the landscape for in-house legal teams, law firms, and small businesses has transformed dramatically. 79% stored firm data in the cloud. · Difficulty in tracking contract management stages.

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MatterSuite

JUNE 15, 2023

The Law Entrepreneur: Are you considering starting your own law firm or venturing into legal entrepreneurship? Look no further than “ The Law Entrepreneur ” podcast. The Un-Billable Hour: Managing the business side of a law practice can be challenging.

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MatterSuite

JUNE 15, 2023

The Law Entrepreneur: Are you considering starting your own law firm or venturing into legal entrepreneurship? Look no further than “ The Law Entrepreneur ” podcast. The Un-Billable Hour: Managing the business side of a law practice can be challenging.

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Simple Legal

FEBRUARY 15, 2023

Plus, you don’t have to waste precious time creating training materials in-house. The learning resources from your tech provider can be combined with your own internal knowledge management strategy — so your team can access a robust library of resources to get the most out of your legal ops software. Growth is slow but steady.

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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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Simple Legal

APRIL 27, 2023

What’s worse — according to Bloomberg Law, more than 70% of legal ops respondents claim they don’t know or aren’t sure about a process to evaluate their legal tech. This creates a single source of truth and improves efficiency, automating manual processes like data entry and saving time spent switching between apps and programs.

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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 firm that heavily invests in its partners but neglects the development of its paralegals may face operational inefficiencies and lower morale.

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3 Geeks and a Law Blog

MAY 12, 2023

Walter, a former attorney and founder of BriefPoint.ai , has leveraged his legal expertise and passion for technology to automate the manual processes that often bog down law firms. Nathan and Bridget’s collaboration epitomizes the intersection of law and technology. The last time I did stand up, I think it was 2018.

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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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Legal Tech Monitor

MAY 17, 2023

With ChatViewer, users can view, search, sort, and manage chat data seamlessly, Casepoint said, “allowing them to slash review time and discovery-related costs.” Within ChatViewer, users can filter a single document by chat participants or by date and time ranges. Here is a link to a video demo.

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Clio

MARCH 19, 2024

Financial management Legal ops can manage the budget for the legal department, often working with the company’s finance department. Similar to law firm financial management , this generally includes tracking of accruals, forecasting, identifying spending trends, and finding cost-saving opportunities.

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Colin S. Levy

DECEMBER 5, 2023

How do small and solo law firms benefit the most from automation? To those who fear having to learn a new technology or spend money or time or both on a new tool, what would you say? Bottom line: you spend less time managing and more time practicing law. More billable hours, more revenue.

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Colin S. Levy

MARCH 7, 2023

Big Law firms have a reputation for hiring someone or giving someone a title with innovation in the name. To what extent do you think Big Law really is innovating? There are a handful of Am Law 100 firms that are both taking innovation seriously and making strides towards real change, but most are not.

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Simple Legal

MARCH 15, 2023

Based on my experience supporting different legal leaders over the years, law firms don’t usually expose every level within the firm to these aspects so there is a bit of a transition for those that join straight from law school or from a law firm. The legal ops role has changed so much over time.

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MatterSuite

JULY 31, 2023

Engage Proactively with External Counsel While in-house legal counsel plays a vital role in managing legal risks, external counsel can provide specialized expertise and support. Developing strong relationships with external law firms and regularly engaging with them on legal matters can prove beneficial.

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MatterSuite

JULY 9, 2023

Engage Proactively with External Counsel While in-house legal counsel plays a vital role in managing legal risks, external counsel can provide specialized expertise and support. Developing strong relationships with external law firms and regularly engaging with them on legal matters can prove beneficial.

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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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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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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. The Evolution of Legal Operation Most of the functions that are part of legal operations have existed for a long time now.

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Colin S. Levy

JANUARY 29, 2024

Anna worked as an attorney-at-law in an international litigation practice for over ten years, amongst others at the top-tier Dutch law firm NautaDutilh. She specialised in liability, insurance and financial law. It's about time! Since it's online, you can work with your clients on the same board in real-time.

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Legal Tech Monitor

MAY 12, 2023

Walter, a former attorney and founder of BriefPoint.ai , has leveraged his legal expertise and passion for technology to automate the manual processes that often bog down law firms. Nathan and Bridget’s collaboration epitomizes the intersection of law and technology. The last time I did stand up, I think it was 2018.

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Legal Tech Monitor

JANUARY 6, 2025

Central to Summize’s implementation is their “Hero Framework,” a three-step process designed to reduce legal bottlenecks, enhance efficiency, and track progress with actionable analytics. “If we can monetize legal knowledge rather than time, we could 10x the market,” he predicts.

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LawSites

JANUARY 17, 2022

Eastern time. Target customer: In-house legal departments and law firm attorneys who serve as outside general counsel. Target customer: Law departments in 2022 and expanding into law firms in 2023. Target customer: Solo and small to mid-size law firms. Deadline for voting is Jan.

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