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Lawfirms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Legal teams are being pressed to control costs and better respond to changing regulatory and risk management obligations. Increasing law practice specialization.
Abacus Payment Exchange (APX) is a proprietary tool that has been built from the ground up and engineered exclusively for lawfirms. If queried, most lawfirms would point to March of 2020 as the point in time that everything changed. Balance Forward: Introducing Abacus Payment Exchange (APX).
This has continued to prove helpful for many attorneys, who appreciate the ability to tackle everything from legal research to casemanagement from the comfort of home. McBride reminds us that, prior to 2020, “it was uncommon to appear remotely for a hearing within the same state the hearing was to take place.”
The law practice management company MyCase has quietly acquired two legal technology companies in recent months, without announcing the acquisitions to the public. On March 31, MyCase acquired CASEpeer , a casemanagement platform for plaintiffs’ attorneys. CASEpeer, founded in 2015 and based in Newport Beach, Calif.,
Seven times since 2016, Thomson Reuters has conducted a survey on the state of small lawfirms in the U.S., and every time, it found that small firms had made virtually no progress on one of their greatest challenges, which is that they spend too much time on administrative tasks to the exclusion of practicing law.
She founded ClearBrief in 2020 to leverage AI to analyze documents and suggest relevant evidence and citations to streamline drafting. Rigorous security and confidentiality controls provide the trust needed to gain adoption at top lawfirms. ClearBrief integrates into Microsoft Word to align with lawyers’ existing workflows.
AltFee Elevator Pitch: AltFee revolutionizes lawfirm pricing by offering a foundation for alternative fee structures. This system empowers firms to precisely assess and assign value to projects, vital in a landscape where AI/efficiency gains drastically shorten task timelines. What makes you unique or innovative? and Beagle.
As awful as was the year 2020 for so many reasons, my year-end report last year found reasons to be optimistic. The silver lining of 2020,” I wrote, “is that we have been forced to consider changes that were long overdue and then given the opportunity to implement those changes.”. It is as if we are serving time in a legal tech limbo.
It began by acquiring Bill4Time in 2017, followed by PracticePanther in 2018, MerusCase in 2019, and Headnote in 2020. Paradigm says it has seen substantial growth in recent years as lawfirms have moved to cloud-based products, and that it currently serves 11,000 lawfirms. 22, 2020).
Lawmatics , a company whose platform provides client relationship management (CRM), client intake and marketing automation for attorneys, has closed a $10 million Series A financing round, it is announcing today. million seed round in October 2020. The financing follows the San Diego-based company’s raise of a $2.5
The law practice management company MyCase said today that it has acquired Docketwise , a software platform for immigration attorneys that provides casemanagement, immigration forms, and client-relationship management. As reported here on April 20 , the practice management company Paradigm acquired LollyLaw.
Case Status , a mobile client portal and messaging platform with a primary focus on consumer lawfirms, has raised $5 million in a Series B round, bringing its total funding to over $11 million. . million in seed funding in 2020 and $750,000 in funding in 2019. Last January, the company raised $3.5
Black has written throughout 2020 about cloud-based legal technology tools and their relevance to legal practices. Whether your lawfirm has already begun the shift to a cloud-based law practice or is planning to do so in the new year, you’ll undoubtedly find some or all of the software Black has covered over the past year to be useful.
What with COVID, the economy and the day-to-challenges of practicing law and managing a firm, it’s been a tough three years. Yet despite it all, smaller lawfirms have a bullish outlook on their future prospects — and with good reason. 2020 Survey. . 2020 Survey. So says the 2022 State of U.S.
The law practice management company Paradigm has acquired LollyLaw , a cloud-based, all-in-one practice management platform designed for immigration lawfirms. Immigration-specific workflows to automate case lifecycles. So our software helps facilitate that.”.
In this blog, well tell you all you need to know about how to better manage a lawfirm productively for a flourishing practice. Read Also – Key Benefits of Legal CaseManagement System 1. Hire the appropriate staff In a smaller lawfirm, one staff member can make a huge impact on your firm.
Target customer: In-house legal departments and lawfirm attorneys who serve as outside general counsel. Target customer: Law departments in 2022 and expanding into lawfirms in 2023. Target customer: Solo to small firms, legal departments. Target customer: Solo and small to mid-size lawfirms.
When discussing legal tech as an industry, we often focus on horizontal solutions — research, document management, casemanagement, practice management — that apply to lawfirms regardless of practice area. These are simply my observations of software developed to address specific fields of law.
In early 2020, the COVID-19 pandemic disrupted every aspect of our lives. Lawfirms quickly adapted to remain connected to clients, courts, and peers through remote work. Is this the most practical and productive setup for lawfirms, or will most firms choose something different?
Seven times since 2016, Thomson Reuters has conducted a survey on the state of small lawfirms in the U.S., and every time, it found that small firms had made virtually no progress on one of their greatest challenges, which is that they spend too much time on administrative tasks to the exclusion of practicing law.
Although the product is not yet generally available on the market, it is being tested with a major automobile manufacturer and also by a large lawfirm that represents manufacturers. billion on warranty claims worldwide, and in 2020, they paid $10.72 Predicting Case Outcomes. billion in just the U.S. founder and CEO.
. “Arman’s strong leadership will drive continued innovation in the legal industry, with the end goal being to allow MyCase to continue to expand and help lawyers easily adopt and integrate the software they need to run successful thriving lawfirms,” McGinnis said.
ODR = online dispute resolution) The session description is below; the panelists are: Jordan Furlong, moderator—author, speaker, analyst, forecaster at Law 21. Nicole Nehama Auerbach—litigator, co-founder of pioneering lawfirms Valorem Law and ElevateNext. See my blog post about my 2020 small claims court experience.)
Lawmatics , a company whose platform provides client relationship management (CRM), client intake and marketing automation for attorneys, has closed a $10 million Series A financing round, it is announcing today. million seed round in October 2020. The financing follows the San Diego-based company’s raise of a $2.5
Since its formal launch in June 2020 , Lexicon has taken a unique approach to providing a solution to lawyers’ practice management needs. The Lexicon Technical Services Center will provide lawfirms with end-user computing support, deployment of equipment and IT training. Information Technology (IT). Recruiting.
Running a small law practice is as exciting as it is challenging. It requires juggling casemanagement, practice growth, and financial management, often all in a single day. Workflow and Client Experience A successful small law practice operates smoothly and earns clients’ trust and satisfaction.
As awful as was the year 2020 for so many reasons, my year-end report last year found reasons to be optimistic. The silver lining of 2020,” I wrote, “is that we have been forced to consider changes that were long overdue and then given the opportunity to implement those changes.”. It is as if we are serving time in a legal tech limbo.
Although the product is not yet generally available on the market, it is being tested with a major automobile manufacturer and also by a large lawfirm that represents manufacturers. billion on warranty claims worldwide, and in 2020, they paid $10.72 Predicting Case Outcomes. billion in just the U.S. founder and CEO.
Since its formal launch in June 2020 , Lexicon has taken a unique approach to providing a solution to lawyers’ practice management needs. The Lexicon Technical Services Center will provide lawfirms with end-user computing support, deployment of equipment and IT training. Information Technology (IT). Recruiting.
She worked at one of the largest international corporate lawfirms in Asia before opening her own virtual practice. Catherine Sanders Reach (@catherinereach) is Director of the Center for Practice Management for the North Carolina Bar Association, providing practice technology and management assistance.
Target customer: In-house legal departments and lawfirm attorneys who serve as outside general counsel. Target customer: Law departments in 2022 and expanding into lawfirms in 2023. Target customer: Solo to small firms, legal departments. Target customer: Solo and small to mid-size lawfirms.
include: Mass edit functionality For increased efficiency and tracking, Axcelerate now allows CaseManagers and Investigators the ability to mass copy, replace, append, prepend, or use search and replace to modify field values. Please see your OpenText Program Manager for further details. Other Axcelerate enhancements at 24.3
Once Opus 2 has been configured to connect with Axcelerate, CaseManagers can then port production records over within Axcelerate via the Actions menu within the Analysis page. A pop-up window will then appear with options for this job where the CaseManager can select production output and metadata. RegEx Pattern Search.
He was the Chair of the Corporate Counsel Section from 2020 - 2022, currently serves as the Chair of the Section’s Technology Committee and was the 2012-2013 Chair of the State Bar of Texas Computer & Technology Section. He has also been admitted to practice before the United State Supreme Court.
She founded ClearBrief in 2020 to leverage AI to analyze documents and suggest relevant evidence and citations to streamline drafting. Rigorous security and confidentiality controls provide the trust needed to gain adoption at top lawfirms. ClearBrief integrates into Microsoft Word to align with lawyers’ existing workflows.
And yet, most court management systems only accept files that are approximately 35MB. Compressing PDFs for court systems You can compress PDFs to ensure they’re accepted by court casemanagement software without a hitch. If you frequently scan documents, here’s our advice on how to choose a scanner for your lawfirm.
Elevator Pitch: AltFee revolutionizes lawfirm pricing by offering a foundation for alternative fee structures. This system empowers firms to precisely assess and assign value to projects, vital in a landscape where AI/efficiency gains drastically shorten task timelines. What makes you unique or innovative? and Beagle.
How have lawfirms supported their clients during the COVID-19 pandemic? A dozen business development professionals talk about the innovative ways their firms have strengthened relationships and created deeper ties. And lawfirms that resist the impetus for change will risk failure. Anticipating Changing Needs.
Awin has experience working in lawfirms and noticed many of them have problems with the financial side of the business and creating cash flow. Sponsored by Clio: Clio is a legal casemanagement software that work in partnership with the Law Society of England and Wales and is an approved supplier of the Law Society of Scotland.
She felt like her education in law school was not necessary for her career path. Responsibilities of a trademark attorney: Suzi spent the first 8 years of her legal career working in a large lawfirm, where she was given responsibility for trademark clearance, prosecution and some enforcement work. Have any questions?
For somewhat of a time capsule of the past decade in legal technology, see my prior years’ lists of my most-popular posts: 2020 , 2019 , 2018 , 2017 , 2016 , 2015 , 2014 , 2013 , 2012 , 2011 , 2010 ). Price Wars in Legal Research Mean Deals for Small Firms; I Compare Costs (May 23, 2019).
For somewhat of a time capsule of the past decade in legal technology, see my prior years’ lists of my most-popular posts: 2020 , 2019 , 2018 , 2017 , 2016 , 2015 , 2014 , 2013 , 2012 , 2011 , 2010 ). Price Wars in Legal Research Mean Deals for Small Firms; I Compare Costs (May 23, 2019).
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