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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 law firms operate.
When discussing legal tech as an industry, we often focus on horizontal solutions — research, documentmanagement, case management, practice management — that apply to law firms regardless of practice area. I specialize in Intellectual property law, not employment or personal injury.
Many profitable and well-run law firms have separate legaltechnologysystems for separate tasks. How difficult of a process really is it to consolidate separate systems and the data they contain? Consider the Roomba Using a general AI app for legal work can be like letting a Roomba run wild outside.
Artificial intelligence tools have become prevalent in legal practice, particularly in eDiscovery. That doesn’t mean, however, that law firms 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.
The rise of online payment solutions has impacted nearly every industry, shaping consumer expectations for everything from grocery shopping to high-level business operations. People aren’t just accustomed to digital payments—they actively seek them. But not all legal CRMs are created equal.
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 law firm. Let’s talk about document automation.
Centerbase , a company that provides a cloud legal practice management platform for mid-sized law firms, today announced the beta launch of native documentmanagement, integrated directly within its platform. Learn more about Centerbase at the LawNext LegalTechnology Directory.
Litera CEO Avaneesh Marwaha Generating first drafts of legaldocuments. Managing contract redlines and coordinating revisions. In the age of generative AI, the biggest legaltechnology use cases often focus on streamlining the tasks routinely performed by junior associates. Surfacing hard-to-find data.
A documentmanagementsystem (DMS) isn’t just where firms store and organize documents — it’s where work happens. Replace Inflexible, Generic DocumentManagement Tools With a Best-in-Class, Cloud-Based Solution That Inspires Your Best Work. That’s Work Inspired.
The legal industry is steeped in tradition and established processes. While they will continue to serve lawyers and law firms, modern clients demand innovation. Law firm innovation must become a foundational part of your business strategy if you want to thrive in the legal environment of tomorrow.
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 Law Firm? appeared first on Articles, Tips and Tech for Law Firms and Lawyers.
Integrated accounting software is a vital tool for modern law practices. This software understands how law firms work and can make daily accounting workflows and overall client and financial management more efficient. For law firms, however, this increases labor and operational costs.
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.
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 law firms on digital marketing and growth strategies through her company Law Quill.
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? .
While your time in law school gave you a strong legal foundation, chances are you didnt learn much about the numerous lawyer tools that can simplify your job. For instance, marketing may not seem essential when youre pontificating about substantive issues in law school.
Today’s law firms need tools that eliminate busy work and keep teams focused on streamlined workflows and client outcomes and results. Now, more than ever, you need tools that eliminate busy work and keep your teams focused on client outcomes and results — by helping them communicate, coordinate document feedback, and manage tasks.
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.
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 law firm Ogletree Deakins built its ODConnect 2.0 Infodash also has extranet features that allow law firms to collaborate with clients on matters. ”
The law practice management company MyCase today introduced MyCase Drive , a feature that provides users with the ability to synchronize folders and documents between their desktop computers and the cloud-based MyCase platform. Read more about MyCase on the LawNext LegalTechnology Directory. ”
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.
Law firm growth depends on various factors, including the effective use of technology, delivering exceptional client service, and targeted legal business development. competitive legal landscape. Leveraging LegalTechnology for Efficiency Technology has become the backbone of efficient law firm operations.
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. Accounting Software.
AI is expected to automate nearly half of legal tasks in the US and Europe. Several legaltechnology trends are set to reshape how law firms operate. According to a Goldman Sachs report , AI is expected to automate nearly half of legal tasks in the US and Europe.
Legal Research Reinvented Legal research, which traditionally involves time-consuming manual searches through multiple databases, is being revolutionized by AI-powered platforms. The use of AI in legal research significantly reduces the time and effort required to find relevant information.
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.
Given this, an understanding of the legaltechnology landscape is critical as data-driven legal leadership requires the real-time transparency, data analytics, and visualization that modern, fit for purpose legal tech enables.
Matter management is one function of in-house legal teams where the devil really is in the details – and capturing this knowledge is key to running an efficient and effective in-house legal team. High risk workflows Legal matters always involve sensitive data.
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 .
In 2024, improving law firm efficiency is as important as ever as firms continue to face increasing pressure to improve performance, deliver services efficiently, and reduce costs. Law firms that fail to adopt strategies to improve efficiency risk falling behind their competitors.
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 law firms in the post-pandemic era. Other types of cloud software used by firms: Calendar management software, 44%.
Legal professionals agree that the pandemic accelerated the critical role of technology in the future success of their law firms and legal departments, but only a third believe their organizations are well prepared for addressing technology’s increasing importance. It polled 700 legal professionals across the U.S.
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 law firms thrive by using technology they love. New Release: 2021 MyCase Legal Industry Report.
Matter managementsystems leverage automation and analytics to streamline the triage process, allowing law firms to operate more efficiently and effectively. Efficiently managing a growing caseload is a significant challenge for many law firms, starting with inefficiencies in the triage process.
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 law firm 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.
However, the uncertainty we continue to face means that law firms 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.
PacerPro , a company that provides federal court data automation and experience capture for law firms, 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.
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 is a problem that hinders technology adoption in law firms and creates platform fatigue – or platform confusion – among lawyers and staff, not to mention the waste of time. Read more about Termi on the LawNext LegalTechnology Directory. Interact with Any Third-Party System. There When You Need It.
Salt Lake City,UT – January 19, 2021 – NetDocuments, the leading secure cloud-based content services platform for law firms, corporate legal teams, and compliance departments, today announced unprecedented growth in 2020. Work Inspired” product solutions.
The 2021 Report includes data obtained from 700 legal professionals across nine European countries and the U.S. from a broad range of law firms and legal departments and provides a wealth of statistics about law firm, the effects of the pandemic, and legaltechnology purchasing decisions.
Small to medium-sized law firms 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 law firm operations and take time away from high-value client work. Let’s find out more.
Implementing legaltechnologies is always a challenge, but perhaps nowhere more so than in a corporate environment. There are several unique aspects within a corporate environment that need to be considered to assure the success of any project, but especially of technology within the Office of the General Counsel (OGC).
Your firm’s law office management and organizational procedures can mean the difference between running a profitable business or running your business into the ground. There are several complex components involved in successful law office management. Why is High-Quality Office Management Important? Time tracking.
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