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
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 get into the best legal tech and tools your firm needs to start utilizing now.
For law firms, streamlined, effective legal billing software is incredibly important. Enter modern legal billing software. It ensures that your firm’s legal billing processes are efficient and accurate by reducing the steps needed to invoice clients and accept online payments. Hurdle 5: Disparate Solutions.
The evolution of legal tech was seeded when LexisNexis introduced the red “UBIQ” terminal in 1976 to help lawyers simplify the task of searching case law. This invention set the stage for a technology revolution in the legal space. Legal AI in the early years.
Stephan Werthauer is a Senior Consultant/Trainee Solicitor at D2 LegalTechnology, a global legal data consulting firm. We recently caught up with Stephan to find out insights on working within the legaltechnology industry, what he does on an average day, and his advice for those wanting to take a similar career path.
The LegalTechnology Resource Center ’s Women of Legal Tech initiative is intended to encourage diversity and celebrate women in legaltechnology. How did you become involved in legal tech? My decision to become involved in legal tech was a huge risk; I did not have a technology background at all!
In the latest installment of How It Works , we learn about Evisort , a leading provider of contract management and AI solutions for legal, procurement, sales, finance, and IT teams. How It Works is a sponsored video series that lets you see how legaltechnology products work. PT on Tuesday, Nov.
In a recent MyCase webinar , Florida attorney and legal performance coach Audrey Ehrhardt explored trust accounting best practices and provided actionable tips to enhance financial operations. After all, they went to law school to study law, not finances.
Priori Legal , a marketplace for in-house legal teams to find and hire outside counsel, is expanding to also serve as a marketplace for legaltechnology and alternative legal services providers. Factor , the alternative legal services provider that describes itself as delivering complex legal work at scale.
After all, managing the daily flow of legal requests is the bread and butter of any legal function. As legal workloads continue to grow in volume and complexity, in-house teams are under more pressure than ever to manage their work efficiently and make data-driven decisions which deliver strategic value to the business.
Out of 65 products named in this year’s awards, just two legaltechnology products made the cut: Evisort , a company that provides AI-driven contract management for legal, procurement, sales, finance and IT teams; and Onit , a company that provides enterprise workflow products for corporations and corporate legal departments. .
Defining technology needs and finding a trustworthy partner to fulfill those needs is a big job for anyone. This responsibility can be tough due to the challenge of vetting new technology providers in the legal space. Below, we’ll outline the characteristics of trustworthy legal tech providers.
As I survey the legal profession broadly, and the world of legal tech and innovation specifically, I see uncertainty and inertia. It is as if we are serving time in a legal tech limbo. After all, it was a good year for the legal tech industry. Overall, the legal tech industry saw unprecedented growth.
Legal-specific accounting helps safeguard your firm against common mistakes, and in an integrated system, data can flow seamlessly across all your financial activities. Integrated accounting means combining separate legal accounting and client processes into a single application to improve productivity and accuracy.
To that end, the company has launched its proprietary Abacus Payment Exchange, available across its suite of practice management solutions (more on that momentarily). APX is a unique offering to the legal community in many ways. Legal consumers, like all consumers, prefer to pay via electronic means.
Have you noticed how technology is transforming the legal industry? Legal tech startups are disrupting traditional law firms and offering new ways to improve the efficiency and effectiveness of their services. In this article, we’ll delve into the world of legal tech, highlighting its evolution, benefits, and challenges.
Learn how big tech has changed the legal industry Free Guide The Small Firms Guide to Big Tech While any change in how you operate your law office can feel overwhelming, theres never been a better time to start migrating your office structures online. Invest in Innovation The legal industry is steeped in tradition.
The International LegalTechnology Association today announced the winners of its 2021 Distinguished Peer Awards , which honor achievements in leadership and innovation by individuals, legaltechnology vendors, law firms, corporate legal departments, and others. Solution Provider of the Year: eBrevia.
It is a day of major legal tech deals. We feel strongly that the new investment from TPG, along with Thomson Reuters minority ownership and board representation, will position Elite to ensure our customers’ continued success,” said Paul Fischer, president of the Legal Professionals business of Thomson Reuters. “We
In the latest installment of How It Works , we learn about Evisort , a leading provider of contract management and AI solutions for legal, procurement, sales, finance, and IT teams. How It Works is a sponsored video series that lets you see how legaltechnology products work. PT on Tuesday, Nov.
As we move into a new decade, the legal industry is undergoing a transformative shift with the rise of technology specifically designed for this field. With an array of tools, applications, and software available, this innovative technology is enhancing and streamlining legal operations in ways that were once impossible.
Our third and final installment in the maturity model series tackles the future of legal operations. In our first piece we introduced the maturity model concept , defining the five distinct operational levels that legal departments may achieve as they strive to meet the needs of their organizations. The future is data.
What potential problems will this solution cause? What are the solutions to those potential problems? Don’t bring up problems without first at least thinking of as many potential solutions to propose as possible. Finance and business for maximum comprehension of what a law firm itself takes to operate. So plan ahead!
As with most professional service providers, legal professionals have a tendency to fall into the “If it ain’t broke…” camp. It’s a big part of the reason why many law firms have historically been slow to adopt new technology. The Impact of COVID-19 on Legal Tech . Selecting the Right Type of Law Office Technology .
The legal field is known to be extremely competitive. For over 20 years, as a former senior legal officer for a Fortune 50 company, Sheila Murphy successfully developed, coached, and transformed talent in corporate America, and law firms. My AHA moment came when the company promoted a peer whose legal skills were lacking.
It says something about a product when, even before it officially hits the market, it wins a major legaltechnology award. intranet, which last week was named Transformative Project of the Year in the International LegalTechnology Association’s 2021 Distinguished Peer Awards. .
The International LegalTechnology Association today announced the winners of its 2021 Distinguished Peer Awards , which honor achievements in leadership and innovation by individuals, legaltechnology vendors, law firms, corporate legal departments, and others. Solution Provider of the Year: eBrevia.
Under the pressure of tight budgets, cost control is a top priority for in-house legal teams. Here are three easy ways to cut your legal spend down to size. In the face of an uncertain economic global landscape, tackling legal spend has never been more vital for in-house legal teams – whatever their size.
Under the pressure of tight budgets, cost control is a top priority for in-house legal teams. Here are three easy ways to cut your legal spend down to size. In the face of an uncertain economic global landscape, tackling legal spend has never been more vital for in-house legal teams – whatever their size.
For law firms, streamlined, effective legal billing software is incredibly important, since the more efficient your firm’s billing processes are, the more quickly your firm will get paid. When legal billing processes run smoothly, invoicing legal clients can be a painless – and fruitful – endeavor.
Last week brought a flurry of legaltechnology news, thanks to the first in-person Legalweek conference in two years. Reveal 11 is the result of the company’s multi-year vision for the company to fuse the best legal AI technology onto a single platform that instantly becomes a force multiplier for legal teams large and small.”.
With cost control a top priority for in-house legal teams in 2024, there’s never been a better time to start taking control of your balance sheet. Read on to learn the basics of legal spend management – and the benefits to your business of getting it right. Legal spend is front of mind for many in-house legal departments.
Help pick the 15 legal tech startups that will get to compete at the eighth-annual Startup Alley at ABA TECHSHOW 2024. It also improves access to justice for society as lawyers can handle more cases, as well as remove some bias from the legal system through fact-first drafting. Voting is now open! 14-17, 2024, in Chicago.
In the latest episode of our video series How It Works , we learn about LawPay , the electronic payments solution developed specifically to help law firms streamline billings and collections by providing a simple, secure way for legal clients to pay their bills online. LawPay’s Quick Bill and Send Quick Bill features.
Nathan Cemenska: I’m Director of Legal Operations and Industry Insights at Wolters Kluwer ELM Solutions, a legal software company. My role mainly has to do with e-billing, although I’m also somewhat involved with a contract lifecycle management product, a legal hold product and various other products.
Download this guide to learn how to re-evaluate your legaltechnology with this head-to-head comparison of on-premise and cloud-based software. COVID-19 Legal Survey Results. This survey explored the state of law offices, current workload, and predictions for the future of the legal industry. sustain a healthy cash flow.
If you’ve ever used tools like Google Workspace, Microsoft 365, or MyCase legal practice management software, you’re familiar with SaaS—software as a service. SaaS is modernizing the legal industry in two ways: by making law firms more efficient and creating career opportunities for lawyers worldwide. Benefits of Legal SaaS.
If you’ve ever used tools like Google Workspace, Microsoft 365, or MyCase legal practice management software, you’re familiar with SaaS—software as a service. SaaS is modernizing the legal industry in two ways: by making law firms more efficient and creating career opportunities for lawyers worldwide. Benefits of Legal SaaS.
But even though many of these legal professionals are feeling stressed, they overwhelmingly agree that technology can help their firms adapt and is critical to the satisfaction of their firms’ clients. Learn more about Actionstep at the LawNext LegalTechnology Directory.
Enter legal matter management, a strategic approach that empowers law firms to stay on top of their never-ending workload—all from one centralized location. What Is Legal Matter Management? Legal matter management is the comprehensive process of handling all aspects related to a legal matter within a law firm.
That’s why streamlined, effective legal billing systems are essential for law firms. If systems run smoothly, legal billing can be a painless—and fruitful—endeavor. But efficient legal billing isn’t always as easy as it seems. But efficient legal billing isn’t always as easy as it seems.
The legal industry is facing a perfect storm. Train Lawyers in Financial Literacy The latest market research from BigHand reveals that the legal sector increasingly acknowledges the need for a firm-wide commercial culture, but the data also presents a gap. BI tools provide actionable insights tailored to each role.
Contracts are not just central to the in-house legal function – they are the backbone of your business. Finally, we’ll explore the merits of an alternative approach to contract management – the legal workspace. With that in mind, let’s unpack some of the traditional approaches to contracts that legal teams tend to rely on.
As I survey the legal profession broadly, and the world of legal tech and innovation specifically, I see uncertainty and inertia. It is as if we are serving time in a legal tech limbo. After all, it was a good year for the legal tech industry. Overall, the legal tech industry saw unprecedented growth.
These elements include client communications, firm finances, staff workloads, team relationships, and other strategic business practices. . How to leverage legaltechnology to make law practice management simple . Use LegalTechnology. Why is High-Quality Office Management Important? Billing and collections.
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