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
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 legal service and amplify business outcomes. What is a legal workspace?
Here are some additional advantages of embedding AI into your legal workflows: Enhances workflow with less overhead: Embedded AI reduces the need to adopt and manage multiple platforms. At LawVu, we refer to our embedded AI features as Workspace Intelligence. In this case, your desk is LawVu.
Tauranga, 26 February 2025 LawVu, the leading legal workspace for in-house legal teams, has reaffirmed its commitment to transforming legal spend management and e-billing with significant new investments and innovations. Discover how LawVu can transform your legal operations at www.lawvu.com.
Firms dont need to rely on manual management and analysis of digital data. For litigation attorneys, this digital deluge offers both opportunities and challenges: a wealth of evidence at your fingertips, but an overwhelming amount to manage. Better electronic evidence management. Its all in there, they say.
What is legal matter management software and why is it important? By using a centralized system which is designed to manage legal matters faster and more strategically, legal teams can save time, reduce risks, be a better partner to the business and produce better business outcomes. What is legal matter management software?
This article is our take on key insights from the report, while exploring the unique ways in which the LawVu unified legal workspace is positioned to meet the needs of corporate legal teams. Legal teams prioritize this suite of tools because of its essential role in managing a long-standing and still key workflow.
Effective matter management is critical for in-house counsel. After all, managing the daily flow of legal requests is the bread and butter of any legal function. “Matter management” is a common term in the lexicon of corporate legal – but there tends to be some ambiguity in the language we use to define it.
Expectations include managing increasingly higher volumes of complex legal matters, and with excessive workloads cited as the top challenge facing legal teams in 2024 , it’s apparent that the problem is growing. In other words, poor matter management has become a genuine concern. What is legal matter management?
According to the ACC Law Department Management Benchmarking Report, the median outside spend on outside counsel and ALSPs is $1.8 Spend management solutions generate valuable data that reveal opportunities to save for example, informing negotiations with firms and decisions about whether to reallocate, consolidate or shift work in-house.
It is now imperative for legal leaders to operate at the same or higher levels of sophistication in leadership, management, and operations as our peers on the business leadership team. There are also integrated enterprise legal management (ELM) products, which do all or some of the above in one platform.
Theres a wealth of information sitting beneath your legal teams everyday workflows, from the key clauses in your contracts to the numbers that make up your legal spend. Theres a lot of potential power behind this data but only when its captured and stored in a way that makes it easy to access, manage and understand.
Modern law firms should be built on workflows; you ’ll want to have a workflow in place for managing every part of your law firm – from intake to cases to administration. C ase management software and standalone task management software both offer workflow features, that you can leverage in this way. Client Portals.
Streamlining client onboarding, managing vast documents across cases and minimizing non-billable tasks are essential to bolstering operational efficiency and maximizing profitability. Challenge #2: Document Categorization Keeping documents organized is difficult, but document management is pivotal in the legal profession. 1 priority.
More accurately described as a function than a dedicated role, legal ops encompasses the people, processes and technologies involved in managing the operational, rather than purely legal, side of an in-house legal department. Its overarching purpose is to help legal teams operate more efficiently and deliver more value to their organizations.
Intapp , a major provider of cloud-based business applications for larger law firms and financial services firms, said today it has signed an agreement to acquire Repstor , creator of Microsoft 365-based enterprise content management and team collaboration tools. ” Last month , U.S.
BlackBoiler now integrates with LawVu, so you can redline NDAs and contracts in minutes, without leaving your legal workspace. Effective contract lifecycle management is critical for in-houselegal teams. However, with an advanced AI-powered contract redlining tool, this takes minutes.
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 contractmanagement – the legal workspace.
I can still recall making a sign to put above the fax machine at QVC UK that instructed staff not to fax contracts without first having them reviewed by the legal department (me). For example, information about how many contracts wed executed, their value and how we used our budget internally and externally wasnt readily available.
Evisort says that key highlights of this next-generation AI contract processing include: Overcoming common OCR challenges, such as deciphering handwriting, blurry text, tables, headers, footers and watermarks. Learn more about Evisort on the LawNext Legal Technology Directory. Read more from Evisort. Disclosure: My son is a MyCase employee.]
Our partnership with DWF is important to LawVu as we look to ensure our customers have the opportunity to be supported by world-class professional service providers that deeply understand our legal workspace to optimize their performance. Wed love you to join us at InView : Get your early bird tickets at half price before the end of March.
The LawVu legal workspace is a unified platform for managing matters, contracts and spend all in one place, and now, with the Q1 2024 product update, it’s even more powerful. Let’s take a closer look at these new features and how they’re amplifying the value of the legal workspace.
There’s an untapped goldmine of legal data, metrics and insights sitting just below the surface of your daily legal work – contract lifecycle data. Contract lifecycle management is a central component of the in-house legal function, and a key point of convergence between legal and the wider business.
BlackBoiler now integrates with LawVu, so you can redline NDAs and contracts in minutes, without leaving your legal workspace. Effective contract lifecycle management is critical for in-houselegal teams. However, with an advanced AI-powered contract redlining tool, this takes minutes.
In today’s fast-paced business environment, legal teams are under increasing pressure to managecontracts efficiently and effectively. At the same time, slow contracting workflows affect the wider business, too. But it’s imperative that they choose the right solution.
As legal technology becomes more ubiquitous, many teams are also finding that certain areas of work (for example, contractmanagement and invoice review) can be optimized in a way that demands far less professional resource.
LawVu: Accelerating the world’s legal work to amplify business impact LawVu, the first truly connected legal workspace, revolutionizes the way that in-house legal teams work. The workspace has a friendly, intuitive user interface which makes it easy to get up to speed quickly, and is designed to scale with the needs of individual teams.
Handling corporate functions such as entity management, board management and matter management can be complicated and time-consuming. “Wrapping these functions in a suite of modern digital collaboration and project management tools will drive both dramatic gains in efficiency and substantial reductions in cost.”
We’re working in a world where legal matter management tools aren’t an option for legal functions, they’re a must. And that’s a problem if you’re either struggling to convey the value of a matter management software or the options available don’t stack up to the ever-growing demands of your legal function.
Many in-house legal teams start their technology innovation journey by implementing a Contract Lifecycle Management (CLM) solution. It’s an understandable choice, as contracts can make up a significant portion of legal work and a CLM solves problems that are tangible and visible to the entire business.
That’s why, for good reasons – which we dive into next, we’ve compiled a list of the ways your matter management approach could be creating inefficiencies and how to overcome them, so your legal function can fast-track saving time and delivering more value to the business. Are any of these scenarios familiar to you?
The data shows: Delayed or lost revenue Slow legal processes are directly undermining revenue opportunities, with delays to sales contracts, product launches and marketing campaigns all proving costly to the business. Manual, low-value work is consuming, on average, at least one day per week for members of in-house legal teams.
Contract and invoice data extraction Rather than focusing on using generative AI to create work from scratch, by far the most valuable way to utilize AI within an in-house legal environment is by surfacing and tracking the extensive data which already exists within your workflows.
As a legal team, it’s critical to collaborate effectively with stakeholders while managing your team’s time and workflows efficiently. Cue the LawVu legal workspace , designed specifically for in-house legal teams and the way they work with the wider business. Our latest updates make legal requests a breeze. It’s a win-win-win!
Casey Flaherty , another industry veteran who was most recently director of legal project management at global law firm Baker McKenzie. With this news, the full roster of companies represented by LexFusion is: Agiloft , for contract lifecycle management. Factor , for managed services. Casetext , for legal research.
Time savings: Legal technology solutions which improve productivity and empower business users to self-serve can create time-saving opportunities by accelerating individual areas of work, such as searching for documents or approving contracts.
.” NetDocuments’ premise for this and other planned products is that lawyers want AI that is powered by their own experience and knowledge, and that all that knowledge is contained and encoded in the documents that they store in their document management system.
Even better, consolidated data collected in an intuitive, easy to use format, amplifies the value of the legal workspace and makes it easier than ever to generate reports and access actionable insights across matters, contracts, spend and admin. “I We made a number of significant improvements to the legal workspace this year.
Elevator pitch: For enterprise business teams, Advocat AI speeds up contract intake, generation and negotiation. Elevator pitch: Akroda is a project management and communication hub that centralizes collaboration, workflows and reporting for legal teams that lack software tools built specifically for legal function. Advocat AI.
With stretched resources, constant administration and high volumes of complex requests, contracts and tasks stemming from every department, it’s no wonder in-house lawyers seek effective, secure ways to speed up processes, reuse previous work and reduce duplication. It’s also a reminder of the power of one source of truth.
Read on to learn why and how introducing simple and practical AI-powered contractmanagement tools into your legal function can unlock efficiency wins and better outcomes for your business – without unnecessary complexity, cost, or risk. Why start with AI-powered contractmanagement?
Book a custom demo of the LawVu Legal Workspace here. The good news is that by using the right technology – such as a legal workspace which includes legal reporting software – in-house legal departments can become data-driven, and GCs can show up at the exec table as a more credible strategic business partner.
Enter LawVu – a secure, all-in-one legal workspace designed specifically to help legal teams tame legal requests, gain insights and effortlessly collaborate with the wider business to boost productivity. With everyone trying to do more with less, the need for efficiency and scalable processes is paramount.
Enter LawVu – a secure, all-in-one legal workspace designed specifically to help legal teams tame legal requests, gain insights and effortlessly collaborate with the wider business to boost productivity. With everyone trying to do more with less, the need for efficiency and scalable processes is paramount.
Enter LawVu – a secure, all-in-one legal workspace designed specifically to help legal teams tame legal requests, gain insights and effortlessly collaborate with the wider business to boost productivity. With everyone trying to do more with less, the need for efficiency and scalable processes is paramount.
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