Cenza

NOVEMBER 18, 2021

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.

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Cenza

JANUARY 27, 2021

Today, more than 80% of senior lawyers consider AI and machine learning critical to the future success of their firms. However, this interest doesn’t translate into actual deployment, with 54% of all law firms indicating that they are not presently pursuing AI options for their legal practice. 3. Legal Research.

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MyCase

AUGUST 18, 2023

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.

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InHouseOps

JULY 18, 2022

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.

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Rocket Matter

OCTOBER 3, 2023

Why the billable hour matters Reports state that many attorneys bill between 1,700 and 2,300 hours per year , so not tracking all your time accurately can lead to tens of thousands in lost revenue. Second, law firms track the billable hours of each attorney. A billable hour is client time.

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Cenza

NOVEMBER 20, 2023

The acquisition establishes a Global Delivery Center in India to strengthen KLDiscovery’s Managed Document Review and enhance the Company’s contract lifecycle management offering. EDEN PRAIRIE, MN—November 20, 2023— KLDiscovery Inc. (“KLD”), This is an exciting new chapter for both Cenza and KLDiscovery,” said Aditya Mirza, CEO of Cenza.

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Paralegal Bootcamp

MAY 6, 2022

Paralegals and legal assistants held about 345,600 jobs in 2020. The largest employers of employees and legal assistants were as follows: Legal Services 73%. Finance and Insurance 3%. Obtaining a legal certification or a degree as a paralegal offers an opportunity to seek a variety of career opportunities.

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Rocket Matter

JANUARY 17, 2023

You have the funds and mental energy to provide excellent legal services to your clients, while also investing resources in your operations, staff, and future. . The day-to-day operations of your law firm can be disrupted, including your quality of service. . The importance of timely payments for law firms .

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LawSites

FEBRUARY 9, 2023

Bessemer Venture Partners , a VC firm that has already made substantial investments in legal technology companies such as Clio, DISCO and Anaqua, has acquired a majority stake in Litify , a law practice management platform founded in 2016 by a team of people who came out of Morgan & Morgan, the largest plaintiffs’ law firm in the United States.

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Blumberg

AUGUST 24, 2021

When you consider hiring a new employee, avoid any promise of job security or permanency in your job contract. Payroll can be handled internally, or through an outside service (the latter is recommended if you don’t have prior experience working in finances). Things can happen that we often don’t expect. Handin , P.A.,

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InHouseOps

APRIL 16, 2021

CCBJ: Consilio defines “new law” as the delivery of legal services in nontraditional ways that offer greater value to the buyer. Can you describe some of the evolving new law solutions that you are developing? As an example, we’re seeing many clients needing to repaper old agreements and legacy contracts.

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InHouseOps

OCTOBER 14, 2021

In the case of an AI project, AI should be applied to a specific problem, such as identifying deadlines in contracts that need compliance, so that you can take action. The gaps the survey pointed to suggest that maybe firms don’t know their clients as well as they should. Maybe they don’t know the industry as well as they should.

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LawVu

JANUARY 30, 2024

By being good stewards of finance who base their budgeting choices on solid data, in-house teams not only create a more efficient function and free up more time to contribute strategically, they’re also able to showcase and quantify their value to the wider business. Where do in-house legal teams spend their money?

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MyCase

SEPTEMBER 29, 2022

A fixed fee is most commonly used for routine legal matters such as a standard real estate closing contract. In this instance, lawyers should clearly communicate what services will be rendered for the fee, including any additional expenses that could be incurred. . Electronic Payment Method Options for Law Firms.

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LawTechnologyToday

MARCH 17, 2022

In a growing legal services market, firms are seizing opportunities for growth. Some firms employ an M&A initiative to strengthen an existing practice, add an office location, or expand into a new practice area. To assure buy-in and avoid missteps, involve representatives from every function in the firm.

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MyCase

AUGUST 10, 2022

Attorneys can charge in several different ways, the most common include: Fixed fees : A fixed fee is a predetermined and fixed amount charged for a legal service. This is commonly used for routine legal matters, such as drafting up a final will and testament or a standard real estate closing contract. .

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LawSites

FEBRUARY 5, 2024

In the blur of activity that was last week, I attended two legal tech conferences, plus an adjacent legal technology summit. After starting the week in New York at the glitzy celebration of big law tech that is Legalweek , and ending it in Charlotte, N.C., Let’s be generous and call it the top 10% of the population.

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Cenza

APRIL 25, 2023

Cenza, a leading managed legal services provider, and Clearlaw Inc., an innovative artificial intelligence company specializing in deep contracting intelligence and data extraction, announced a partnership today. Clearlaw’s clients benefit from the consulting and contract solutions that Cenza provides.

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LawSites

DECEMBER 29, 2021

If a law firm is unable even to decide whether its staff should return to the office, or when that return should happen, or how to structure that return, then how can that firm implement lasting and innovative changes in its technology infrastructure and systems? This is not to say that 2021 was without innovation.

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LawSites

DECEMBER 29, 2021

If a law firm is unable even to decide whether its staff should return to the office, or when that return should happen, or how to structure that return, then how can that firm implement lasting and innovative changes in its technology infrastructure and systems? This is not to say that 2021 was without innovation.

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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.

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LawSites

AUGUST 9, 2023

Silicon Valley-based Gunderson Dettmer , an international law firm of more than 400 lawyers that represents many clients in the field of artificial intelligence, today launched an artificial intelligence application of its own making — an internal generative AI chat app called ChatGD.

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LawTechnologyToday

JULY 28, 2021

Benefits of Word Processor Efficiency for Law Offices. As you know, legal services are typically document intensive and often, the service rendered is the document itself (estate planning documents, purchase contracts, leases, etc.). Ultimate Tool for Creating Work Product.

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Rocket Matter

MAY 23, 2023

For law firms, manual administrative tasks are a big blow for billable hours and potential profit. Manual admin tasks don’t just cut directly into billable hours. When these workflows compound over time, it can save law firms significant time and energy on the hundreds of small tasks that pop up every month.

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LawSites

JULY 23, 2021

Additionally, UpCounsel plans to roll out additional products and services and says it will eventually launch its own, UpCounsel-branded, full-service law firm. At the same time, it significantly reduced the commission it charged clients to 8%, making legal services more affordable for them. “We

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LawSites

DECEMBER 4, 2023

We expect to grow as the legal industry becomes more comfortable with AI. AltFee Elevator Pitch: AltFee revolutionizes law firm pricing by offering a foundation for alternative fee structures. Another example is our Directory of Alternative Fee Providing Law Firms. What makes you unique or innovative? and Beagle.

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JonathanTurley

JANUARY 26, 2024

a) states that “[a] lawyer shall not directly or indirectly pay or agree to pay, guarantee, or represent that the lawyer or lawyer’s law firm will pay the personal or business expenses of a prospective or existing client.” This is also now the subject of a new bar complaint filed by a conservative legal group this week.

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