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Get free e-book Is your lawfirm struggling to keep up with repetitive document creation? Manually drafting documents takes up valuable time, introduces the risk of error, and diverts your attention from high-value tasks. Thats where efficient lawfirmdocumentautomation comes in.
This year, the first-place winner was Universal Migrator , a tool for transferring lawfirm data from one practicemanagement application to another. Winning third place was Fidu , a practicemanagement platform specifically designed to support lawyers providing legal services on a subscription basis.
In a unique partnership between a lawfirm and a legal technology company, the immigration firm Siskind Susser and its technology affiliate Visalaw.Ai The new product is being built on the NextChapter case management platform, adapted from the NextChapter bankruptcy platform that Fastcase acquired in 2019. Visalaw.Ai
While they will continue to serve lawyers and lawfirms, modern clients demand innovation. Lawfirm innovation must become a foundational part of your business strategy if you want to thrive in the legal environment of tomorrow. Staying Ahead: Why Innovation Is Crucial for LawFirms There were over 1.33
Paradigm — the parent company to practicemanagement platforms PracticePanther , Bill4Time and MerusCase and payments platform Headnote — is being acquired by Francisco Partners , a major investment firm that specializes in investments in technology businesses. Hot Market for PracticeManagement.
The lawpracticemanagement company MyCase said today that it has acquired Docketwise , a software platform for immigration attorneys that provides case management, immigration forms, and client-relationship management. As reported here on April 20 , the practicemanagement company Paradigm acquired LollyLaw.
We discussed Clio’s greater focus on midsized lawfirms, its impending launch of generative AI, its roll-out of features for legal aid providers, and its rebranding of its Lawyaw documentautomation software. That’s the superpower we have,” he said.
Choosing which legal software systems to use in your lawpractice is a big decision. New innovations in legal tech have become the great equalizer for many lawfirms, helping them output that’s competitive with other, larger lawfirms. Of course, not every law office needs every kind of software.
Lawfirms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Legal teams are being pressed to control costs and better respond to changing regulatory and risk management obligations. Increasing lawpractice specialization.
Virtual lawfirm status has worked out so well for some firms, they’re making the switch permanent. While firms are announcing their back-to-the-office plans, you may be wondering if it is possible to move your law office to a virtual setting permanently. Virtual Firms Aren’t Always 100% Remote.
The post Digital Transformation for LawFirms: A Guide to Modernizing Your Practice appeared first on Rocket Matter. But if this is the case for what clients require, then why are there still too many lawfirms buried in the unnecessary abundance of physical paperwork? What Is Legal Digital Transformation ?
AI is rapidly transforming legal work, with new AI solutions emerging to assist with everything from streamlining document review to optimizing caseload distribution and beyond. However, lawfirms have unique goals, workflows, and technology setups, so AI adoption isnt a one-size-fits-all solution.
The majority of lawfirms use just five or fewer unique software products, according to a legal industry study published today by the lawpracticemanagement company Smokeball. Practicemanagement or case management, 34%. Documentautomation, 26%. Reputation management, 10%.
Smokeball is a lawpracticemanagement software with document assembly capabilities. Smokeball has an unusual name, to be sure; but, it actually comes from a famous legal case , which just about every substantive law-loving attorney can appreciate. (I I love the smell of precedent in the morning.)
This true standalone practicemanagement experience by MyCase focuses on the modern lawfirm experience with lead intake, collaboration and payments. During the course of the last 18 months, it’s become clear that the practice of law has been changed irrevocably. MyCase is focused on the customer experience.
A legal industry report released today by the sibling legal technology companies LawPay and MyCase provides unique insights into the technology tools that matter most to smaller lawfirms in the post-pandemic era. Other types of cloud software used by firms: Calendar management software, 44%.
CARET, the leading provider of SaaS practicemanagement and integrated payment technology for midsize lawfirms, announced today the sale of its enterprise documentautomation and assembly business, HotDocs, to Mitratech, a global technology leader for legal, risk, and HR teams.
Lawfirms that embrace innovation and incorporate new technologies into their practice are better equipped to provide better client service and stay competitive in a rapidly changing marketplace. One of the main reasons why innovation is so critical for lawfirms is that clients are becoming increasingly demanding.
The lawpracticemanagement company Smokeball has secured a $30 million investment from private investors and employee shareholders in order to double down on growth, it said today. It also offers automatic time tracking, documentautomation and form libraries, advanced matter management, and complete legal billing.
By creating efficient processes, you can increase satisfaction in your lawfirm. Before you can fix anything—including inefficient processes—you need to determine where your lawfirm wastes time. Also, consider using email less and implementing legal practicemanagement software. Do: Identify pain points .
Consider using documentautomation tools to help streamline your workflow and produce more accurate documents faster. Documentautomation tools can help you create and managedocuments more efficiently, which can save your firm time and money. How Do You Decide Which Documents to Automate?
A common pain point for lawfirms is failing to track and invoice all reimbursable client expenses, resulting in losses to firm profits. Launching initially for MyCase, and later in other AffiniPay products, MyCase Smart Spend provides lawfirms with a LawPay-branded Visa credit card for their attorneys and staff.
Abacus Payment Exchange (APX) is a proprietary tool that has been built from the ground up and engineered exclusively for lawfirms. If queried, most lawfirms would point to March of 2020 as the point in time that everything changed. APX is a unique offering to the legal community in many ways.
Nicholas d’Adhemar , founder and CEO of the London-based spend management company Apperio , believes so. By identifying it, d’Adhemar says, both clients and lawfirms will be better positioned to manage legal costs. Before founding Apperio, d’Adhemar worked six years as a lawyer for a large international lawfirm.
The lawpracticemanagement company MyCase has quietly acquired two legal technology companies in recent months, without announcing the acquisitions to the public. On March 31, MyCase acquired CASEpeer , a case management platform for plaintiffs’ attorneys. Cofounder Darren Fancher was previously CEO.
It has been a notable year for the practicemanagement company MyCase , one in which it made four notable acquisitions of other practicemanagement products, and then itself was acquired by AffiniPay , the parent company of the electronic payments platform LawPay. DocumentAutomation.
In its second acquisition in six weeks, lawpracticemanagement company Clio has acquired Lawyaw , a documentautomation and assembly platform designed for solo, small and mid-sized lawfirms. Note: I oversee the Startup Alley.]. All 25 Lawyaw employees will also join Clio.
In 2012, he founded PacerPro , originally focusing on providing an enhanced interface to the PACER system, but, in the years since, developing it beyond that, into a system that also enables lawfirms to automate the process of collecting and distributing court documents and properly filing them within a DMS or knowledge system.
This conference, held in New York in October, was organized by Patrick DiDomenico , president and founder of InspireKM Consulting, and Joshua Fireman , president and founder of the strategic consulting firm Fireman & Company, an Epiq Company.
At its annual Clio Cloud Conference in Nashville today, the lawpracticemanagement company Clio introduced an array of major new products and product updates, calling the series of announcements its most expansive product update ever in its 15-year history. (I
Similarly, lawfirms are finding success by focusing on a particular industry or area of law, such as real estate, environmental law, immigration, civil litigation or a host of other specialties. The upshot: When firms focus on one or a few specialty practice areas, both clients and lawfirms see benefits.
Just as installing a high-tech engine on a car with flat tires wont get you far (and probably isnt the safest choice), simply adding AI to outdated systems wont drive sustainable success for your lawfirm. A strong foundation will enable your firm to maximize the benefits of AI technology. Ready to get started?
If a lawfirm is unable even to decide whether its staff should return to the office, or when that return should happen, or how to structure that return, then how can that firm implement lasting and innovative changes in its technology infrastructure and systems? Consolidation continued in practicemanagement.
It has been using its analytics to help firms gain insights into whether diverse lawyers are getting the same career-advancing opportunities as the non-diverse lawyers, and to then apply those insights through what Krow calls “ mindful staffing.”. Woodpecker , legal documentautomation for solo and small firms.
Lawmatics , a company whose product provides client relationship management (CRM), client intake and marketing automation for attorneys, is now adding timekeeping and billing tools, with the goal of offering lawfirms a comprehensive platform with everything they need to manage their administrative sides.
Agile, streamlined processes are what modern lawfirms need to effectively handle the full gamut of activities required to take a matter from client intake to paid in full. Firms are under constant pressure to optimize their workflows, reduce manual errors, and maximize billable hours. Technology can address these challenges.
If youre spending too much time reviewing contracts, chasing signatures, or keeping track of deadlines, automation can handle those processes for youso you can focus on actual legal work instead of admin headaches. And its not just for big lawfirms. Simplifies document tracking with a built-in audit trail.
The Clio Cloud Conference is always the occasion for the lawpracticemanagement company to announce new and enhanced products, and today’s kick-off of this year’s event was no different, with CEO Jack Newton unveiling what he described to me as the most important product release since Clio’s debut 13 years ago.
Get free e-book Starting your own lawfirm is a huge step—and, let’s be honest, it can feel a bit overwhelming. Whether you’re fresh out of law school or leaving a big firm to go solo, there’s a lot to figure out. So, what’s involved in how to start a lawfirm? Is it the right move for you?
This is a question many people practicinglaw strive to answer. The truth is, lawfirmautomation can significantly reduce the time lawyers spend on non-billable work. In fact, McKinsey Global estimates that 23% of a lawyer’s job can be automated with existing technology.
In light of that, I reached out to CEOs and executives at several practicemanagement companies for their thoughts on the deal — including on how it may impact their partnerships with LawPay going forward. Last year, it acquired two additional products, Lawyaw for documentautomation and Calendar Rules for court calendaring.
The book provides an overview of key technologies transforming the legal industry like automation, AI, blockchain, documentautomation, CLM, and more. Lambert prompted the guests to identify low-hanging fruit legal technologies those new to practice should focus on. Levy pointed to documentautomation and AI.
Actionstep, a leading cloud-based lawfirmmanagement software provider, announced the initial integration of Legal Accounting (formerly Soluno) with the Actionstep practicemanagement platform. Builder, a complete documentautomation solution,
How do we input clients into our practicemanagement software? Do we even have practicemanagement software? With Clio Duo , you can get quick insights, delegate task creation and time entries, and even extract data from existing documents. Harvey is an AI built for Fortune 500, service providers, and lawfirms.
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