LawTechnologyToday

AUGUST 1, 2023

In an evolving legal environment with market competition at an all-time high, the technical competence of law firms and legal departments of large organizations have to be top notch. Outsource non-core processes: Outsourcing of non-core processes by law firms have a proven track record of resulting in cost reduction.

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Law Firm Law Firms Document Review Laws 90

LawSites

OCTOBER 3, 2023

In addition, the document classifier they developed, which includes 225 document classifications, is available immediately through Zuva’s API offering. Zuva is the company that was spun out from the pioneering AI contract analysis company Kira when Litera, a global legal technology company, acquired Kira in 2021.

Legal Documents 102

Legal Documents Legal Legal Document Management 102

CARET Legal

FEBRUARY 23, 2024

Several legal technology trends are set to reshape how law firms operate. Artificial Intelligence and GenAI in the Legal Industry One of the most prominent law firm technology trends is the use of Artificial Intelligence (AI), including Generative AI (GenAI).

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Law Firm Law Firms Technology Legal Technology Solution 53

CARET Legal

MARCH 11, 2024

Cloud-based law firm management software provides legal professionals the flexibility and mobility to access important data and tools from any device with an internet connection. A top priority for law firms is to use technology for improving productivity, with 46% ranking it as a significant need to meet client demands.

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LawSites

MARCH 8, 2024

Launched just four months ago by engineers who previously worked for Uber, Google and Amazon, Traact , a SaaS platform that integrates a range of corporate functions in an all-in-one platform, today said it has entered into a strategic partnership with Klea , a Belgium-based provider of AI-enabled legal entity management.

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LawSites

MAY 2, 2023

The company, says its cofounder and CEO Gaurav Oberoi , is on a mission to use AI to help corporate operations teams and legal departments close deals faster by accelerating business contracting across sales, procurement, legal, HR, security, and more.

Contract 54

Contract Document Management Law Firm Law Firms 54

Attorney at Work

JANUARY 13, 2022

That doesn’t mean, however, that law firms and litigation support teams have been quick to embrace them. In the ABA 2020 Legal Tech Survey , 23% of law firms reported not being interested in AI, while 34% said they didn’t know enough about AI to speak to their firms’ interest. The law isn’t unique in its resistance to AI.

eDiscovery 126

eDiscovery Document Review Law Firm Law Firms 126

LawTechnologyToday

MARCH 23, 2023

In order to meet the problems of escalating workflow and productivity demands on a constrained budget, law firms are eager to invest in legal technology services. According to another research, only19% of partners at significant law firms felt secure working in the digital economy. Why do Law Firms Need to Invest in Technology?

Legal Technology Solution 84

Legal Technology Solution Technology Document Review Lawyer 84

LawSites

AUGUST 17, 2023

In 2016, I wrote a review of ShareFile in which I called it one of the best products on the market for secure document storage and sharing by law firms. But what has changed is that ShareFile has added new features designed to address some of the broader client and document workflow issues law firms face on a routine basis.

Law Firm 52

Law Firm Law Firms Document Review Legal 52

CARET Legal

FEBRUARY 19, 2024

There’s one piece of advice that every law firm technology consultant should be giving: Invest in a comprehensive, scalable legal practice management software. Welcome to the digital age, where technology isn’t just a fancy add-on for law firms, but a must-have. Consider the type of law you practice.

Law Firm 52

Law Firm Law Firms Laws Technology 52

LawSites

DECEMBER 31, 2021

Clio’s 2021 Legal Trends Report — the latest in Clio’s comprehensive annual reports on the state of the legal industry — explores how law firms have adapted to the challenging circumstances of the past two years and what forces will shape client services in years to come. 2021 eBook: Running a Lean Law Firm.

Contract 90

Contract Law Firm Law Firms eDiscovery 90

LawSites

SEPTEMBER 14, 2022

Something else that will significantly impact lawyers are new and growing areas of law, the survey found. 56% of corporate lawyers and 45% of law firm lawyers report increased demands for ESG guidance over the past year. Which technologies do legal professionals consider most important?

Lawyer 72

Lawyer Lawyers Law Firm Law Firms 72

LawSites

APRIL 3, 2024

In news that is perhaps an indicator of the legal industry’s interest in generative AI, the document management company NetDocuments said today that its launch of PatternBuilder MAX AI was its “most successful product launch by a factor of 10.” Canada, Europe, the Middle East, Africa, and the Asia-Pacific region.

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Document Management Law Firm Law Firms Drafting 43

MyCase

DECEMBER 15, 2022

Though all law firms share some similar concerns, solo or small firms present unique challenges and benefits due to smaller headcounts and fewer resources. To be profitable, smaller law management requires a strategic structure to oversee staff delegation, client relationships, office management, and cases.

Law Firm 52

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CARET Legal

APRIL 5, 2024

According to Bloomberg Law , the lawyer burnout rate is alarmingly high with attorneys feeling burned out in their jobs 48% of the time. The Impact of Burnout on Lawyers and Law Firms The consequences of burnout can be severe and far-reaching. Women feel burnout at higher rates (56%) than their male colleagues (41%).

Lawyer 101

Lawyer Lawyers Law Firm Law Firms 101

LawSites

FEBRUARY 6, 2023

LegalEase Citations LegalEase Citations is a web app that helps lawyers, law students, and other legal professionals easily, quickly, and accurately create and format legal citations in legal-specific formats, like The Bluebook, for use in their legal writing. Read this startup’s detailed application. Read this startup’s detailed application.

Contract 98

Contract Law Firm Law Firms Legal 98

LawSites

DECEMBER 11, 2023

the managing director of an Arizona ABS law firm, a veteran legal tech executive and thought leader, and the leader of an innovation program at a major law school. Discussing document management in the age of AI were Gina Lynch, Joe Green, Avaneesh Marwaha, Josh Baxter, and Jim Wagner.

Legal 100

Legal Legal Document Management Legal Services 100

MyCase

AUGUST 22, 2022

But there are several ways to practice law. A boutique law firm’s case management process provides a different experience for lawyers and clients. . In this article, we’ll uncover what you need to know about boutique firms, such as: What is a boutique law firm and what is biglaw? What is a Boutique Law Firm?

Law Firm 52

Law Firm Law Firms Laws Lawyer 52

LawSites

NOVEMBER 8, 2023

But law firms, typically known to be slow to change and risk averse, are grappling with their own challenges alongside these advancements—paper-based documentation and fax machines are no longer tenable. Five specific obstacles have emerged that law firms must address. 1 priority.

Legal 82

Legal Legal Technology Law Firm 82

MyCase

DECEMBER 28, 2022

From client prospects to case completion, law firm customer relationship management (CRM) tools can improve new lead conversions, revenue, and referrals. In this article, we’ll cover: Key characteristics of a law firm CRM. Important features to look for when choosing the best CRM software for law firms . Lead Generation.

Law Firm 52

Law Firm Law Firms Laws Legal 52

LawSites

FEBRUARY 6, 2024

Facilitating Data Migrations The problem Universal Migrator solves is data migration for law firms and legal organizations — most often from one law practice management platform to another or one document management system to another. “Sometimes law firms will ask us, ‘Who do you recommend?’

Law Firm 56

Law Firm Law Firms Document Management Legal 56

LawTechnologyToday

MARCH 1, 2023

LegalEase Citations LegalEase Citations is a web app that helps lawyers, law students, and other legal professionals easily, quickly, and accurately create and format legal citations in legal-specific formats, like The Bluebook, for use in their legal writing. Read this startup’s detailed application. Read this startup’s detailed application.

Contract 76

Contract Law Firm Law Firms Legal 76

LawSites

DECEMBER 31, 2021

Clio’s 2021 Legal Trends Report — the latest in Clio’s comprehensive annual reports on the state of the legal industry — explores how law firms have adapted to the challenging circumstances of the past two years and what forces will shape client services in years to come. 2021 eBook: Running a Lean Law Firm.

Contract 52

Contract Law Firm Law Firms eDiscovery 52

InHouseOps

AUGUST 15, 2022

Keith Vallely, vice president and senior consultant with Epona, shares insights on how Epona has influenced and impacted the corporate legal space and what sets them apart from competitors in the document management space. What sets Epona apart from competitors in the document management space.

Document Review 52

Document Review Legal Legal Document Management 52

LawSites

APRIL 6, 2022

. “Lawcus is a modern user-friendly all-in-one legal software with practice management, client intake, billing, case management, trust accounting, a built-in CRM and advanced complex automation capabilities designed to manage and grow successful law firms of any size.” ” CobbleStone Contract Insight.

Legal Technology Solution 52

Legal Technology Solution Technology Legal Legal 52

MyCase

NOVEMBER 21, 2022

Practicing law requires legally binding signatures—whether it be for a standard contract, a real estate closing contract, or a routine will. However, tracking down documentation and following up with clients for signatures costs lawyers hours of non-billable time. . This digital process saves firms time and money. .

Lawyer 52

Lawyer Lawyers Law Firm Law Firms 52

LawSites

JUNE 15, 2021

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. Firms Investing in Tech.

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Legal Technology Solution Technology Law Firm Law Firms 105

LawSites

APRIL 10, 2024

Litera today released a new product that uses generative artificial intelligence to create a database of corporate deal terms from a law firm’s own documents, in order to give legal teams easy access to al relevant data points from prior transactions, whether for negotiating a deal or pitching a potential client.

Law Firm 59

Law Firm Law Firms Contract Real Estate 59

LawSites

NOVEMBER 8, 2023

Intended for customers in both corporate legal and law firms, Traact offers modules for entity management, permits and licensing, board management, matter management, contract management, disputes and litigation, finance and taxes (including spend management), and document management.

Legal 65

Legal Legal Project Management Law Firm 65

MyCase

APRIL 30, 2024

If ChatGPT can handle those duties, law firm administrators will likely ask their support team members to take on higher-level responsibilities. Drafting legal documents: Paralegals draft documents as needed, from correspondence with witnesses to pleadings and briefs. They can also file documents with the county clerk.

Legal Assistant 52

Legal Assistant Legal Assistance Paralegal Paralegals 52

MyCase

AUGUST 30, 2023

In the legal industry, document creation and management are an indispensable part of the daily grind. Whether it’s contracts, deeds, agreements, invoices, letters, wills, policies, or any other array of documents—they all require a decent amount of work and time to generate, review, and process.

Legal Documents 52

Legal Documents Law Firm Law Firms Contract 52

Paralegal Bootcamp

APRIL 15, 2022

Floating means you aren’t intentional, and you stumble into an area of law, a type of law firm, or a specific position in a firm that may not be the best fit. If you are new, you may not understand the pros and cons of working for a solo practitioner or smaller firm versus a large (or gargantuan) law practice.

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Paralegal Paralegals Legal Assistant Legal Assistance 246

LegalReader

JANUARY 22, 2021

Law Firm IT Scorecard finds gaps in cloud implementation, IT & cybersecurity policies, and IT-related training.

Law Firm 100

Law Firm Law Firms Laws Document Management 100

LawSites

JULY 25, 2023

” 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.

Document Review 78

Document Review Lawyer Lawyers Drafting 78

MyCase

SEPTEMBER 21, 2022

Tech tools that automate time-consuming work, so law firms can increase productivity and profitability. There are three categories of legal tech , according to Bucerius Law School and Boston Consulting Group. . Substantive law technology. Substantive Law Technology. A brief overview of legal technology .

Legal Technology Solution 52

Legal Technology Solution Technology Legal Legal 52

LawTechnologyToday

FEBRUARY 1, 2022

Applications used to manage voluminous and complex litigation document reviews can be used for reviewing contracts in transactional matters. These tools can turn contract clauses into data points, which can then be analyzed, filtered, compared, etc.,

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Metadata Technology Document Review Technology Assisted Review 100

LawVu

OCTOBER 18, 2023

Overall, by using systems already in play, there are arguably fewer tools to implement and adopt and less spend coming out of the legal department. In addition, common pain points include lack of integration between platforms, systems not being user friendly enough, and time wasted creating reports and aggregating data.

Legal 52

Legal Legal Legal Technology Solution Contract 52