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Alternative Legal Service Providers – An ally to embrace

Cenza

Therefore, legal service providers have been contending to streamline their processes and systems with the aid of technology. An effort to maximize the value delivered by technology and enable business growth has resulted in the genesis of Alternative Legal Service Providers (ALSPs). Tracing the ALSPs’ growth path.

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What Can Be Done About Breached Business Contracts?

Blumberg

Drafting a legal business contract is important to minimize risks and provide legal protection for both you and your company. Even so, these business contracts can be breached, causing stress and panic. A breach of contract can take on a variety of different forms in the business setting.

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How Law Firms Are Using AI: Quick Case Summaries and More

CARET Legal

By streamlining complex processes and enhancing accuracy, AI is not only optimizing how legal professionals work but also redefining outcomes. Artificial Intelligence (AI) is revolutionizing the legal world, transforming key practices including case reviews, legal research, contract analysis, and predictive analytics.

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ILTACON Tackles Changing Legal Service Delivery Models

InHouseOps

I counted at least six sessions on this topic: Redefining Delivery of Legal Services; The Changing Nature of Legal Procurement: “NewLaw and Aggregators of Legal Products and Services; Legal Business Design Challenge; Ewww, David! It’s about building scale in legal business and legal services.”

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LexisNexis Acquires CLM Company Parley Pro As Part of Broader Enhancement of Its CounselLink ELM Platform

LawSites

It is a busy day for contract lifecycle management technology. LexisNexis says that the addition of Parley Pro’s CLM capabilities will strengthen the CounselLink platform, providing customers with a cohesive CLM, legal spend and matter management experience.

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When a General Retainer Agreement Makes Sense and When It Doesn’t

CARET Legal

Deciding on the right pricing strategy, such as opting for a general retainer agreement with a client can be complex due to several variables, like the scope of the legal work involved, the duration of the engagement, the firm’s workload capacity, the level of expertise required, and the prevailing market rates for similar services.

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How has AI emerged as the go-to legal technology?

Cenza

The legal industry is no exception to this prevailing trend, with law firms worldwide embracing Artificial Intelligence to add efficiency and gain a competitive advantage. Early works on AI in legal services can be traced back to 1956 when professor Layman E. Onboarding the right legal AI. About Cenza.