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According to the 2025 In-House Legal Budgeting Report from Axiom and Wakefield Research, 96% of general councils said they expect “AI will meaningfully reduce costs within their legal department.” As we step into 2025, we’ll continue to experience technological evolution at an unprecedented pace that will reshape how lawfirms operate.
Artificial intelligence tools have become prevalent in legal practice, particularly in eDiscovery. That doesn’t mean, however, that lawfirms and litigation support teams have been quick to embrace them. Despite their benefits, many legal organizations have been hesitant to implement AI tools. AI Hesitation.
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A must-have feature of legal practice management platforms, case management software, centralizes all your case files, communications, billing, and scheduling in one platform — it’s truly like having a command center for your lawfirm. Let’s talk about document automation.
Product Spotlight | CosmoLex NextGen is designed for attorney-operated firms who need a seamless, end-to-end practice managementsolution. The post Tired of Juggling Multiple Tools to Manage Your LawFirm? appeared first on Articles, Tips and Tech for LawFirms and Lawyers.
The legal industry is steeped in tradition and established processes. 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.
Integrated accounting software is a vital tool for modern law practices. This software understands how lawfirms work and can make daily accounting workflows and overall client and financial management more efficient. For lawfirms, however, this increases labor and operational costs.
Centerbase , a company that provides a cloud legal practice management platform for mid-sized lawfirms, today announced the beta launch of native documentmanagement, integrated directly within its platform. Learn more about Centerbase at the LawNext LegalTechnology Directory.
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Transforming your law practice to go fully virtual requires careful planning and the right tools, says Annette Choti, a lawyer for more than two decades who now advises lawfirms on digital marketing and growth strategies through her company Law Quill. Read the full article here.
Lawfirm growth depends on various factors, including the effective use of technology, delivering exceptional client service, and targeted legal business development. competitive legal landscape. For firms looking to expand, adopting modern strategies for growth is crucial.
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For contract drafting, CARET Legal offers an innovative solution. By automating the creation of standard contracts using predefined templates and specific client inputs, CARET Legal streamlines the drafting process. Predictive Power in Law Predictive analytics is a fascinating application of AI in law.
It says something about a product when, even before it officially hits the market, it wins a major legaltechnology award. It is the platform on which the lawfirm Ogletree Deakins built its ODConnect 2.0 Infodash also has extranet features that allow lawfirms to collaborate with clients on matters.
In 2024, improving lawfirm efficiency is as important as ever as firms continue to face increasing pressure to improve performance, deliver services efficiently, and reduce costs. Lawfirms that fail to adopt strategies to improve efficiency risk falling behind their competitors.
If you have been struggling to simplify arduous processes in your client work or have ever had a difficult time collecting invoices from clients, LollyLaw may be the solution you are looking for. Not all case management platforms are alike, and the complexities that come with working at an immigration firm require a tailored approach.
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Now that lawyers have been working remotely over the past year – and may continue to do so in the future – the legal software choices made by lawfirm leaders take on a whole new level of importance. That’s where the different functions of legal software come in. Client and calendar management software.
So do yourself (and your schedule) a favor and look into these time-saving legal practice management software integrations. Document Software and Storage. Let’s face it: the legal profession involves a lot of documents. Customer Relationship Management (CRM) Software.
A legal industry report released today by the sibling legaltechnology 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%.
In this guide, we’re breaking down what attorneys need to know about legaltechnology, including: . A brief overview of legaltechnology . Different types of legaltechnologies and their benefits . Emerging legaltechnology trends to prepare for . What is LegalTechnology? .
You might find this information shocking coming from the company that created the first online legal billing and law practice management software… . You don’t need the most powerful software on the market to provide standout service to your legal clients. Documentmanagement . Task management .
As you head into conference-mode to dig into the latest in legaltechnology at TECHSHOW, our team thought this is the perfect time to share trends and industry insights to give you some food for thought and areas to investigate at the show. Last year, we shared 10 legal tech trends driving success in the legal industry.
Also today, MyCase unveiled a redesigned logo and website, with the goal of making its branding better reflect the product’s all-in-one approach to practice management, which will soon also include fully integrated legal accounting, following on its acquisition of legal accounting system Soluno last November.
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The product listings continue to grow in the LawNext LegalTechnology Directory , which we launched in February. “NextChapter provides all the tools and resources to run your entire bankruptcy practice in the cloud, on one system.” Here are this week’s 10 most recent additions: Lawcus. ” NextChapter BK.
Our opening keynote speeches by Jim McGinnis, CEO, MyCase and Tressa Schultze, Head of Product, MyCase detailed exciting technological advances for the future of MyCase and the steps we’re taking to help lawfirms thrive by using technology they love. New Release: 2021 MyCase Legal Industry Report.
Legal professionals agree that the pandemic accelerated the critical role of technology in the future success of their lawfirms and legal departments, but only a third believe their organizations are well prepared for addressing technology’s increasing importance. Organizations Poorly Prepared.
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The 2021 Report includes data obtained from 700 legal professionals across nine European countries and the U.S. from a broad range of lawfirms and legal departments and provides a wealth of statistics about lawfirm, the effects of the pandemic, and legaltechnology purchasing decisions.
Small to medium-sized lawfirms cant survive if they dont find ways to be agile, more productive, and deliver excellent serviceall while reducing costs. For many firms, outdated processes and inefficient workflows slow down day-to-day lawfirm operations and take time away from high-value client work.
Furthering its expansion beyond legal research and into other products aligned with legal professionals’ day-to-day workflows, Bloomberg Law has acquired Dashboard Legal , a project management and collaboration platform specifically designed for the legal market.
PacerPro , a company that provides federal court data automation and experience capture for lawfirms, today launched a service focused on state court data, StatePro, offering access to 32 state courts initially and more to be added throughout this year and next. Learn more about PacerPro on the LawNext LegalTechnology Directory.
Salt Lake City,UT – January 19, 2021 – NetDocuments, the leading secure cloud-based content services platform for lawfirms, corporate legal teams, and compliance departments, today announced unprecedented growth in 2020. Work Inspired” product solutions.
It was paralegals like Kim who made my job as a manager so much easier. Kim now works as a solution consultant for Opus 2 , a legaltechnology company that offers a streamlined case managementsolution for everything from documentmanagement to hearings, arbitrations, and trials.
It says something about a product when, even before it officially hits the market, it wins a major legaltechnology award. It is the platform on which the lawfirm Ogletree Deakins built its ODConnect 2.0 Infodash also has extranet features that allow lawfirms to collaborate with clients on matters.
However, the uncertainty we continue to face means that lawfirms need to be fully prepared for whatever may come. If you’re not sure what categories of software your firm needs to have in place for a hybrid office, my ABA Journal articles on legal software are a great place to start. Documentmanagement tools.
In the realms of legaltechnology and innovation, the pandemic had yielded silver linings – greater adoption of technology, more flexible workplaces, hybrid courts – that promised a future in which the legal profession and justice system would better serve those who need them. Legal tech went public.
It starts by searching for software that contains “all-in-one” features that improve client intake, legal billing, documentmanagement, and accounting—while meeting strict legal compliance requirements. Legal practice management software is often divided into three main categories: . 2 Accounting .
the managing director of an Arizona ABS lawfirm, a veteran legal tech executive and thought leader, and the leader of an innovation program at a major law school. Marriott and swallowed up everyone there, it would have been a dramatic setback for legal innovation.
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