This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Projectmanagement tools can help lawyers with ongoing, chaotic, unpredictable workflows. Over the years, predictions have proliferated, with many anticipating that these product managers would come to replace projectmanagers. Those predictions have fallen flat across the legal sector. In 1931, Neil H.
Examples : Other experience (without dates): Roles as Legal Assistant for ABC Law Group and Paralegal for XYZ Corporation. Highlights include managing litigation support teams across complex contract disputes and organizing document productions in multi-million-dollar cases. Re-evaluated and renegotiated 25 vendor contracts”.
In a competitive legal world, AI is a winner. It helps you work smarter, stay ahead, and deliver the best legalservices. Advanced Practice Management Systems: The Command Center for Law Firms Modern practice management software is cloud-based with CRM (client relationship management) capabilities.
I attended a fascinating presentation at this years CLOC Global Institute which focused on the results from the most recent CLOC in-house survey, which for the first time was conducted in collaboration with Harbor , a provider of legalservices supporting law firms and corporate legal departments.
Therefore, legalservice providers have been contending to streamline their processes and systems with the aid of technology. An effort to maximize the value delivered by technology and enable business growth has resulted in the genesis of Alternative LegalService Providers (ALSPs). Tracing the ALSPs’ growth path.
To improve productivity and profitability for their law firms, many attorneys have adopted legalprojectmanagement (LPM) principles and tools. This approach to handling legal matters more cost-effectively and efficiently has proven invaluable within the industry. What Is LegalProjectManagement ?
In this article, we’ll explain what is meant by a legal matter, why this can be such a useful lens for managinglegal work, and how the right matter management system can be a game-changer for in-house counsel. What is a legal matter?
Proxiio Global Solutions , an India-based provider of litigation and corporate legalservices for law firms and in-house legal departments, is today officially launching in the United States. Leading U.S.
As many in-house teams are discovering, one of the most effective ways to meet the rising demands on the legal function is to invest in optimizing the way that legalservices are delivered to the business. Its overarching purpose is to help legal teams operate more efficiently and deliver more value to their organizations.
Through integration of LawVu’s connected platform, legal teams can drive better business outcomes through streamlined processes that encompass intake, matter management and contracts.” Stéphanie Hamon , Head of Legal Operations Consulting, NRF Transform.
The acquisition will strengthen KLDiscovery’s Managed Document Review and enhance the Company’s contract lifecycle management offering. Christopher Weiler, CEO of KLDiscovery, welcomes Aditya Mirza, CEO of Cenza, into the KLDiscovery family. KLDiscovery Inc. (“KLD”),
Priori Legal , a marketplace for in-house legal teams to find and hire outside counsel, is expanding to also serve as a marketplace for legal technology and alternative legalservices providers. Factor , the alternative legalservices provider that describes itself as delivering complex legal work at scale.
However, not all technology is created equal and at a time when operational excellence is critical and legal leaders need to thoughtfully invest in in-house legal technology, a legal workspace has proven to be the best way to increase efficiency, deliver better legalservice and amplify business outcomes.
Intended for customers in both corporate legal and law firms, Traact offers modules for entity management, permits and licensing, board management, matter management, contractmanagement, disputes and litigation, finance and taxes (including spend management), and document management. .
The key takeaway for legal technology: Safely and successfully adopting AI as part of your legal tech stack is critical for keeping up with the rising demand and higher business expectations for legalservice and the time to start is now. In-house is no longer the domain of only lawyers and their support staff.
The legal industry is not exempt from this, most notably with how clients expect to be served. Today, better and expedited access to legalservices is simply a baseline to meet, not a privilege. Heres how legal digital transformation helps firms fare better while scaling their practice.
Just today, Relativity took another step in this direction, acquiring the contract review company Heretik, a product already built on the Relativity platform by third-party developers, but which will now be directly integrated into the RelativityOne cloud platform as an add-on. Pricing Simplification.
And, the legal industry has not remained impervious to its impact. One of the areas most affected is contract lifecycle management (CLM). While using a CLM platform, companies need to invest heavily in resources to extract contract metadata and migrate legacy contracts into database systems.
Second requests—the discovery procedures regulators use to determine whether potential antitrust issues might arise from proposed M&A activity—come with a host of attendant challenges and costs for corporations, their counsel, and legalservice providers. Pay attention to GDPR and privacy regulations. About the Author.
Elevator pitch: For enterprise business teams, Advocat AI speeds up contract intake, generation and negotiation. We apply Natural Language Processing and a semantic knowledge graph to the process that attorneys use to research, analyze and write complex legal documents. We are working on “contract performance management.”
Since its inception in the mid-twentieth century, LPO has grown considerably, and it is now a dominant business, with law firms in the Global South exporting legalservices to typically white-shoe law offices in affluent countries at a much-reduced cost. Why Does LPO Matter? The market size says it all.
We run a gender decoder for all new job postings, and we hired international contract software engineers. We are currently working through POCs and contracts with several service providers. We are partnering with service providers, selling directly to law firms and approaching corporate legal departments.
The acquisition establishes a Global Delivery Center in India to strengthen KLDiscovery’s Managed Document Review and enhance the Company’s contract lifecycle management offering. EDEN PRAIRIE, MN—November 20, 2023— KLDiscovery Inc. (“KLD”),
Get free e-book The field of law is experiencing transformations in an era where legal innovation and artificial intelligence (AI) are altering the standard practices of law firms. AI and legal innovation present significant benefits alongside notable risks, particularly in legal research.
In the case of an AI project, AI should be applied to a specific problem, such as identifying deadlines in contracts that need compliance, so that you can take action. In short, clients want confidence about how services are delivered in addition to results.
Elevator pitch: For enterprise business teams, Advocat AI speeds up contract intake, generation and negotiation. We apply Natural Language Processing and a semantic knowledge graph to the process that attorneys use to research, analyze and write complex legal documents. We are working on “contract performance management.”
Instead of manually updating information for each document, look for a legal practice management tool that includes document automation. Document automation is a great way to save time and energy while also reducing potential errors in your contracts and other critical documentation.
Those who used workflow automation, like Mitratech’s solution, TAP , accomplished just that – automated tedious tasks, collaborated across departments and time zones, streamlined formerly manual intakes, contracts, and signatures, all while maintaining security, trust, and their sanity (mostly). Contract approvals.
Alternative legalservices providers (ALSPs), on the other hand, could join forces with AI and decimate the junior ranks. Among firms with their own affiliate ALSPs, a remarkable 62% also engage independent ALSPs to handle tasks like eDiscovery, contract review, and compliance work.
We organize all of the trending information in your field so you don't have to. Join 99,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content