MatterSuite

JULY 27, 2023

Tracking billable hours helps assess the productivity and utilization of lawyers and enables accurate billing to clients. Turnaround Time: Turnaround time measures the speed at which legal tasks or projects are completed. It is particularly important for time-sensitive matters, such as contract reviews or court filings.

Time-tracking 52

Time-tracking Compliance Law firm Contract management 52

Law Technology Today

JULY 25, 2023

Both have been mainstays over the last few years — especially within the realms of contract review and in predictive analytics around judge rulings and the effects of precedent. Divisions that stand to benefit from AI’s facilitated tools include procurement, contract management and sales-focused divisions. The benefit?

Machine learning 66

Machine learning Contract management Software e-discovery 66

AXDRAFT

JANUARY 20, 2023

Got no time to read? Other Challenges CLM Can Resolve for SaaS Companies Contract management has different challenges, and security is not the only area that contract lifecycle management solutions can help with for SaaS. Losing track of data The more clients you have, the more information you need to track.

Time-tracking 52

Time-tracking Contract management Software Analytics 52

MatterSuite

OCTOBER 12, 2023

Develop a Clear Legal Strategy Once you’ve identified your legal needs, it’s time to develop a clear legal strategy that aligns with your business goals. Invest in legal tech like contract management software, e-discovery tools , and research platforms to empower your in-house legal team.

Legal tech 52

Legal tech Legal tech Contract management e-discovery 52

MatterSuite

MAY 16, 2023

Additionally, leveraging project management software allows legal operations managers to track progress, allocate resources effectively, and mitigate risks. According to a survey by Ari Kaplan Advisors , 73% of legal operations professionals believe that data analytics is essential for effective legal operations.

Analytics 52

Analytics e-discovery Software Contract management 52

CaseFox

OCTOBER 16, 2023

This includes helping them with information and supporting them in financial management, strategic planning, and data analytics. The Evolution of Legal Operation Most of the functions that are part of legal operations have existed for a long time now. Managing different vendors like supplies for stationery, prints, etc.

Analytics 52

Analytics Time-tracking Billing software Software 52

Simple Legal

DECEMBER 7, 2022

Investing time and energy into this improved collaboration will support the overall health and success of the business and demonstrate the value of legal ops. When finance and legal are proactive and keep legal budgets on track, both teams can better support the financial health of the organization. For sales, time is money.

Time-tracking 52

Time-tracking Compliance Contract management Legal tech 52

Ron Friedmann

JUNE 17, 2020

Also: using tools to budget and track them; tech to track compliance and flag potential issues. De-Prioritization: we have to give permission to give lawyers time to work on all this. And we needed, at the same time, to build an infrastructure for longer term scalability. Prioritization: balancing short- and long-term.

Time-tracking 130

Time-tracking e-discovery Analytics Law firm 130

Clio

MARCH 25, 2024

One of the best ways to measure the ROI of your firm’s marketing efforts is to dive into marketing data and your website’s analytics. To gain additional ROI insights, you should dive into your firm’s different processes and evaluate whether you’re receiving a good return on the time or money invested.

Law firm 52

Law firm Law Law Time-tracking 52

Colin S. Levy

DECEMBER 19, 2023

Tariq Akbar is the CEO of LegalEase Solutions , which offers corporate legal departments and law firms innovative support with regulatory compliance, contract life cycle management, legal analytics, legal research and legal writing. Colin Levy (CL): Tell me a little about how you got interested in the contract management space.

Contract management 59

Contract management Software Legal tech Legal tech 59

MatterSuite

FEBRUARY 6, 2024

This structured storage system ensures that documents are readily accessible and systematically arranged, reducing the time spent searching for critical information. Tracking and documenting changes is vital, especially in legal documents, ensuring compliance and accuracy by maintaining a clear audit trail of alterations.

Legal technology 52

Legal technology Legal technology Law firm Time-tracking 52

MatterSuite

FEBRUARY 6, 2024

This structured storage system ensures that documents are readily accessible and systematically arranged, reducing the time spent searching for critical information. Tracking and documenting changes is vital, especially in legal documents, ensuring compliance and accuracy by maintaining a clear audit trail of alterations.

Law firm 52

Law firm Legal technology Legal technology Time-tracking 52

Clio

MARCH 19, 2024

It encompasses a variety of activities that do not require a license to practice law, such as strategic planning, project management, financial management, and technology implementation and management. None of these areas can be handled effectively without the appropriate technology for reporting, analytics, and automation.

Analytics 52

Analytics Contract management Intellectual Property Time-tracking 52

AXDRAFT

FEBRUARY 17, 2023

Regardless of the industry, there are always two sides to every deal, and you’ve likely been on both at one time or another. Consequently, the way you manage both sell-side and buy-side contracts directly impacts the success of your business. New to contracting?

Time-tracking 52

Time-tracking Contract management Analytics Failure-to-appear 52

Attorney at Work

SEPTEMBER 15, 2022

McElroy at Procter & Gamble circulated a memo that envisioned an employee who would be responsible for every facet of brand development — everything from tracking sales to advertising, promotion and product development. They can customize each board with columns so that staff members can track or manage the development of a case.

Attorney 103

Attorney Client Intake Time-tracking Practice management 103

Legodesk

FEBRUARY 15, 2022

It can improve communication between lawyers and clients, reduce the time spent on administrative tasks, and allow you to focus on more important matters. In addition, automating your workflow can help you to better keep track of deadlines, manage files, and coordinate negotiations.

Law firm 52

Law firm Time-tracking Law Law 52

Simple Legal

APRIL 27, 2023

If you don’t have a concrete way to evaluate software and whether it saves your team time and supports your bottom line, a framework to evaluate your legal tech stack is a priority. Without integration capabilities, you’re missing opportunities for optimized time management and more accurate data collection.

Legal tech 59

Legal tech Legal tech Time-tracking Software 59

AXDRAFT

MARCH 3, 2023

Lawyers will be able to spend less time on low-value tasks. At the same time, business units probably won’t be keen on assuming certain legal duties. Still, when it comes to contracting, how fast your work gets done depends on how fast contracts are processed. All company operations are based on contracts.

Time-tracking 52

Time-tracking Software Contract management Lawyer 52

LawSites

MARCH 23, 2023

As has been the case for several years, e-discovery and contract-management companies dominated the news coming out of Legalweek. See also my posts this week about the expansion of Law.com Radar and about two surveys from LexisNexis on generative AI and litigation analytics. Here is part two.

e-discovery 54

e-discovery e-records e-filing Analytics 54

Legal Tech Monitor

MARCH 23, 2023

As has been the case for several years, e-discovery and contract-management companies dominated the news coming out of Legalweek. See also my posts this week about the expansion of Law.com Radar and about two surveys from LexisNexis on generative AI and litigation analytics. Here is part two.

e-discovery 52

e-discovery e-records e-filing Analytics 52

Above the Law - Technology

DECEMBER 4, 2023

As you will see from the ballot, you may vote for your top-five favorites or five times for top favorite, or any other mix of five votes. The substantial amount of time lawyers spend drafting documents during litigation. Note: You will be able to cast your ballot just once, and on each ballot, you will be limited to five votes.

Litigator 316

Litigator Litigation Mediator Law firm 316

LawSites

JANUARY 17, 2022

Eastern time. How we’re unique: While other products are descriptive in nature, we are building the first truly prescriptive set of legal analytics products. We can help lawyers make evidence-based decisions by providing custom-tailored recommendations and analytics, all focused on judges and their philosophies of the law.

e-discovery 52

e-discovery Time-tracking Mediator Law firm 52

Legal Tech Monitor

DECEMBER 4, 2023

As you will see from the ballot, you may vote for your top-five favorites or five times for top favorite, or any other mix of five votes. The substantial amount of time lawyers spend drafting documents during litigation. Note: You will be able to cast your ballot just once, and on each ballot, you will be limited to five votes.

Litigator 52

Litigator Litigation Mediator Law firm 52

LawSites

JANUARY 17, 2022

Eastern time. How we’re unique: While other products are descriptive in nature, we are building the first truly prescriptive set of legal analytics products. We can help lawyers make evidence-based decisions by providing custom-tailored recommendations and analytics, all focused on judges and their philosophies of the law.

e-discovery 22

e-discovery Time-tracking Mediator Law firm 22