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ALSP Factor Launches Product for Law Firms to Manage and Support Transactions

LawSites

There is no denying that some law firms view alternative legal services providers such as Factor as competitors, particularly for corporate legal work. Now, building on these experiences, Factor is launching a productized, tech-enabled Legal Transaction Optimization service specifically for law firms.

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Legal Staffing Lessons for Today’s Marketplace

Attorney at Work

Contract attorneys have made it possible for legal organizations to level up their teams’ expertise without increasing headcount. . Law firms didn’t let the pandemic get in the way of profitability or performance in 2020. Corporate law departments made structural shifts as well.

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What Are Billable Hours? A Guide for Lawyers

Rocket Matter

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.

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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.

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Better Matter Management in 7 Steps (Plus 3 More for Extra Credit!)

Rocket Matter

For busy law firms, the ability to manage matters efficiently can mean the difference between a thriving practice and a stagnant one. What is matter management for law firms? Matter management is the process by which law firms oversee their cases.

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New Law Leverages Nontraditional Approaches to Improve Outcomes

InHouseOps

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? So Sky Analytics provides great insight into the legal marketplace of law firms serving their clients.

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Launching Today: Traact Is An All-in-One, ‘Tech First’ Platform for Managing Corporate Legal Functions

LawSites

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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