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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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.

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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.

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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?

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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.

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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.

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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.

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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?

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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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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%).

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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.

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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.

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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?

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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.

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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?’

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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.

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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

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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.

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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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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. .

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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.

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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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LegalReader

JANUARY 22, 2021

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

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CARET Legal

APRIL 29, 2024

A disparate set of tools not only makes law firm management difficult, but it makes you more likely to be subject to a data hack. Scaling a law firm is a formidable task. As your firm grows, the complexities of managing multiple aspects of your practice increase exponentially.

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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 .

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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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MyCase

AUGUST 5, 2022

With MyCase’s digital client intake forms, you can easily tailor questions to various stages of your intake pipeline and each area of law that you practice. After the prospective client submits their information, the data automatically syncs to a client file on your MyCase law firm customer relationship management (CRM) system.

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MyCase

APRIL 29, 2024

What Is the Role of AI in Law Today? However, it is reshaping traditional models of practicing law. Document Review AI streamlines the process of reviewing contracts and other legal documents, minimizing human error and saving time. AI has already begun to make its mark in the legal industry.

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MyCase

AUGUST 8, 2022

SaaS is modernizing the legal industry in two ways: by making law firms more efficient and creating career opportunities for lawyers worldwide. Lawyers who want to learn how legal SaaS can improve their law firm’s efficiency and profitability. Students and lawyers who want to learn more about a career in technology law .

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MyCase

AUGUST 8, 2022

SaaS is modernizing the legal industry in two ways: by making law firms more efficient and creating career opportunities for lawyers worldwide. Lawyers who want to learn how legal SaaS can improve their law firm’s efficiency and profitability. Students and lawyers who want to learn more about a career in technology law .

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Attorney at Work

OCTOBER 27, 2021

Yet, like it or not, it is one of the most critical elements of ensuring your law firm’s success. The first step is adopting the mindset that your law firm is a business. In the absence of a systematic intake process, a law firm quickly becomes chaotic. Streamline Your Document Process. So don’t screw it up!

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MyCase

AUGUST 18, 2023

In the ever-evolving landscape of law, organization and efficiency remain pillars for success. Without a robust system in place to keep track of it all, the sheer volume of cases, documents, deadlines, and communications can quickly become overwhelming. What Is Legal Matter Management?

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LawSites

APRIL 9, 2024

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.

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Paralegal Bootcamp

JANUARY 25, 2024

A document management system that organizes the electronic version of everything in the case, like the Microsoft Word documents that you’re drafting, memos, etc. As a litigation paralegal, it’s easy to get sucked into the never-ending cycle of document management or document chasing.

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MyCase

OCTOBER 13, 2022

Managing a law firm requires overseeing several moving pieces—lawyers must keep track of client meetings, courtroom appointments, invoicing, calendaring, accounting, and more. Poor management and disorganization can be costly and result in lost billable hours, client dissatisfaction, and even malpractice. Task management apps.

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MyCase

SEPTEMBER 19, 2022

While you may have graduated from law school to perform duties in court, day-to-day tasks will also include drafting, reviewing, and editing legal documents. The execution of each of these documents requires legal knowledge as well as writing skills. Legal Writing: Organize and Automate Your Legal Documents.

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