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

LawSites

DECEMBER 9, 2021

For many in corporate legal, the principal tool for managing in-flight contracts — those in the process of negotiation — is Outlook, and the back-and-forth of emails and redlines serves as the primary notification of what needs to be done next. It also now shows the turn tracking and turn histories described above.

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Time-tracking Contract management 54

LawSites

DECEMBER 9, 2021

For many in corporate legal, the principal tool for managing in-flight contracts — those in the process of negotiation — is Outlook, and the back-and-forth of emails and redlines serves as the primary notification of what needs to be done next. It also now shows the turn tracking and turn histories described above.

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Time-tracking Contract management 52

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

JUNE 18, 2023

By optimizing workflows and eliminating inefficiencies, organizations can experience: Increased Efficiency and Cost Savings: Streamlining legal processes allows legal departments to handle matters more effectively, resulting in reduced cycle times and increased productivity.

Analytics 52

Analytics Time-tracking e-discovery Contract management 52

Law Technology Today

JULY 25, 2023

Divisions that stand to benefit from AI’s facilitated tools include procurement, contract management and sales-focused divisions. It can reshape how contract managers become more efficient in their day-to-day work. These tools will be capable of parsing through contracts and churning out improved rights summaries.

Machine learning 66

Machine learning Contract management Software e-discovery 66

MatterSuite

JUNE 12, 2023

But here’s the question: How can technology empower these teams to make a genuine difference, far beyond simply keeping up with the times? Traditional paper-based systems can be time-consuming, inefficient, and prone to errors. And action holds the power to profoundly impact lives and society as a whole.

Time-tracking 98

Time-tracking Legal research Document management Legal Database 98

Bigfork Tech

FEBRUARY 22, 2023

Many organizations have used stopgaps to help the legal department manage requests, like online or paper/PDF forms for the requestors to fill out. ALOE has improved the system with automation so that the legal department can get the information it needs from requestors (and stop spending time chasing down information).

Client Intake 52

Client Intake Contract management Time-tracking Software 52

LawSites

SEPTEMBER 7, 2023

The contract management company Ironclad today announced plans to launch a chat interface for complex contract analysis that it says will open a window into the black box of artificial intelligence by showing users the steps it took to come to a conclusion. Automatically identify discrepancies between metadata and contracts.

Legal chatbot 69

Legal chatbot Time-tracking Contract management Legal technology 69

LawSites

OCTOBER 12, 2021

Upload 10,000 contracts today and nearly instantly visualize critical contract data and key metrics. That is what contract management company Evisort says its customers can now do with the launch today of its new Intelligent Dashboarding. Related: On LawNext, Evisort CEO Jerry Ting on the Future of CLM and Contracts Tech.

Analytics 84

Analytics Time-tracking Contract management Law 84

Attorney at Work

OCTOBER 26, 2022

Contract management software and recent technology like artificial intelligence and natural language processing are helping law firms and legal departments confront the many challenges of contracts. Contracts are hard. Advances in Contract Automation and Management. Into the Thick of It.

Contract management 91

Contract management Software Legal contract management Time-tracking 91

Simple Legal

FEBRUARY 15, 2023

Plus, you don’t have to waste precious time creating training materials in-house. The learning resources from your tech provider can be combined with your own internal knowledge management strategy — so your team can access a robust library of resources to get the most out of your legal ops software. Growth is slow but steady.

Time-tracking 55

Time-tracking Legal tech Legal tech Machine learning 55

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

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

Legal Tech Monitor

SEPTEMBER 7, 2023

The contract management company Ironclad today announced plans to launch a chat interface for complex contract analysis that it says will open a window into the black box of artificial intelligence by showing users the steps it took to come to a conclusion. Automatically identify discrepancies between metadata and contracts.

Legal chatbot 52

Legal chatbot Time-tracking Contract management Legal technology 52

Bigfork Tech

OCTOBER 24, 2022

1) Improve Visibility Contract lifecycle management technology increases legal team visibility through improved reporting on new contracts. 2) Time and Cost Savings Save time and money by reducing administrative work. 2) Time and Cost Savings Save time and money by reducing administrative work.

Time-tracking 52

Time-tracking Compliance Legal software Legal software 52

Bigfork Tech

JANUARY 13, 2023

Having a cloud-based platform as your filing cabinet can save you time, money, and effort. A contract lifecycle management system can allow lawyers to assign team members straightforward tasks toward a larger team goal. You will save time, money, and effort and overall make your workplace more enjoyable for employees.

Contract management 52

Contract management Time-tracking Software Lawyer 52

MatterSuite

APRIL 2, 2024

By streamlining workflows and reducing unnecessary steps, you can not only save time and resources but also improve the quality of your work. Inefficient document handling can lead to misplaced files, version control issues, and wasted time searching for important information.

Document management 52

Document management Document storage Time-tracking Software 52

Colin S. Levy

DECEMBER 5, 2023

To those who fear having to learn a new technology or spend money or time or both on a new tool, what would you say? Bottom line: you spend less time managing and more time practicing law. Billing and time tracking have the most impact on the business aspect of a small or solo firm.

Time-tracking 52

Time-tracking Litigator Litigation Contract management 52

MatterSuite

JULY 31, 2023

Establish Strong Contract Management Processes To mitigate legal risks, it is essential to have robust contract management processes in place. In-house legal counsel should oversee the drafting, review, and negotiation of contracts to ensure compliance and minimize legal vulnerabilities.

Intellectual Property 52

Intellectual Property Due diligence Compliance Data protection 52

MatterSuite

JULY 9, 2023

Establish Strong Contract Management Processes To mitigate legal risks, it is essential to have robust contract management processes in place. In-house legal counsel should oversee the drafting, review, and negotiation of contracts to ensure compliance and minimize legal vulnerabilities.

Intellectual Property 52

Intellectual Property Due diligence Compliance Data protection 52

Clio

MARCH 25, 2024

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. For example, if you’re still using spreadsheets and manually managing invoices, how much non-billable time does this take up a week? What is a law firm KPI?

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Law firm Law Law Time-tracking 52

Colin S. Levy

DECEMBER 19, 2023

In his current role, Jim focuses on finding and developing ways to modernize how in-house departments across the automotive industry process contract information, engage stakeholders and revolutionize their approaches to contracts. 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

CaseFox

OCTOBER 16, 2023

The Evolution of Legal Operation Most of the functions that are part of legal operations have existed for a long time now. Companies developed most of the complex legal departments during the ’90s through the mid-2000sThis was the time when in-house teams were taking help from outside counsel.

Analytics 52

Analytics Time-tracking Billing software Software 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.

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Time-tracking e-discovery Analytics Law firm 130

Colin S. Levy

MARCH 7, 2023

All of these activities have a time and place within a broader innovation strategy, but none of them replace a meaningful and fulsome plan. Take an area you know well, Colin – Contract Management. One could credibly make similar statements about e-Discovery tools, e-billing and time tracking, etc.

e-discovery 52

e-discovery Machine learning Legal tech Legal tech 52

MatterSuite

MAY 16, 2023

According to the “ 2019 CLOC State of the Industry Survey, ” 63% of legal operations professionals reported using Agile or Lean methodologies to manage legal projects. Additionally, leveraging project management software allows legal operations managers to track progress, allocate resources effectively, and mitigate risks.

Analytics 52

Analytics e-discovery Software Contract management 52

Colin S. Levy

JANUARY 29, 2024

It's about time! Since it's online, you can work with your clients on the same board in real-time. I also recommend using a project management tool like Trello, Notion or Asana. I recommend using any kind of project management tool internally and with clients (or even have a full client portal). Many lawyers do this.

Legal tech 59

Legal tech Legal tech Lawyer Litigator 59

Simple Legal

MARCH 15, 2023

There is an opportunity for legal operations to grow during these times and figure all this out. Personally as a people manager, I always have to think about team development. The legal ops role has changed so much over time. Stay in the know We’d like to thank LaTrece for taking the time to chat with us!

Failure-to-appear 77

Failure-to-appear Time-tracking Attorney Legal technology 77

3 Geeks and a Law Blog

MAY 12, 2023

Nathan Walter has been instrumental in creating BriefPoint.ai, a tool designed specifically for lawyers to eliminate the mundane and time-consuming aspects of law practice. Bridget’s work is critical in crafting an interface that enables lawyers to accomplish more work in less time, truly maximizing the benefits of AI integration.

Lawyer 130

Lawyer Litigator Litigation Time-tracking 130

Above the Law - Technology

MAY 17, 2023

With ChatViewer, users can view, search, sort, and manage chat data seamlessly, Casepoint said, “allowing them to slash review time and discovery-related costs.” Within ChatViewer, users can filter a single document by chat participants or by date and time ranges. Here is a link to a video demo.

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Legal tech Legal tech e-discovery Contract management 229

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

Legal Tech Monitor

MAY 12, 2023

Nathan Walter has been instrumental in creating BriefPoint.ai, a tool designed specifically for lawyers to eliminate the mundane and time-consuming aspects of law practice. Bridget’s work is critical in crafting an interface that enables lawyers to accomplish more work in less time, truly maximizing the benefits of AI integration.

Lawyer 52

Lawyer Litigator Litigation Time-tracking 52

Clio

MARCH 19, 2024

Financial management Legal ops can manage the budget for the legal department, often working with the company’s finance department. Similar to law firm financial management , this generally includes tracking of accruals, forecasting, identifying spending trends, and finding cost-saving opportunities.

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

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.

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Time-tracking Software Contract management Lawyer 52