This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Even with more in-house legal departments investing in legal software , many corporate teams are still stuck using outdated, clunky legacy systems. It’s a GC’s job to manage risk—and making a big change with brand-new technology can definitely feel risky. Team burnout.
As a solo law firm, you are small but mighty — able to run a lean business operation, offer customized and competitive pricing, and outperform your BigLaw competitors through personalized legalservices delivery. Almost every industry has been affected by the pressures of the COVID-19 pandemic, including the legal industry.
It’s important to note that “flexible” does not mean an environment with no objectives, KPIs or measurements. In turn, you will be able to identify and address skills gaps before strategic goals – technology modernization, billing practices, client management — are affected. Do Some Soul Searching to Define the Firm’s Culture.
From AFAs to DE&I, and now AI, legal ops has always helped to usher in new technologies and modernize corporate legal departments. However, not everything is sunshine and butterflies – there’s a huge need for legal to understand and demystify AI technology in order to harness its potential to drive positive change.
In an interview Tuesday, Ovbiagele said the idea for the company originated from Jeffrey Gettleman , a former partner at Kirkland & Ellis who is now Bench IQ’s cofounder and vice president of legalservices. Pictured above are cofounders Gettleman, Maxim Isakov , Bench IQ’s chief technology officer, and Ovbiagele.)
Instead, in the past decade, the popularity of legal project management has grown exponentially. Offering a legalservice is, of course, quite different from developing a new disinfectant, or building a software application or a material object. Related: “Project Management Demystified” by Larry Port.
As much as possible, avoid legal jargon. Your objective is to give the client visibility into what you are doing for them. LawPay is the only payment technology vetted and recommended by 50 state bars, more than 60 local and specialty bars, and trusted by over 50,000 law firms as a value-added, trusted solution for their members.
Legal client intake automation and the use of an intake process template can streamline the process by leveraging technology to automate repetitive tasks, reduce manual effort, and improve efficiency in managing client inquiries and information. What is the Intake Process for a Law Firm? How do you create an intake process?
Dig Deeper Into Your Current State Before setting any strategic goals, take time to understand where your legal department stands today. This means reviewing how legalservices are currently delivered, how your team supports the business, and where gaps might exist. Begin by involving senior management.
This growth in M&A activity points to an increasing demand for legalservices, particularly in compliance, regulatory reviews, and eDiscovery. As transaction volumes rise, so does the complexity of deal-making, requiring more sophisticated document management and regulatory solutions to meet the demands of legal scrutiny.
Editor’s Note: As we reach the midpoint of 2024, the eDiscovery industry continues to evolve rapidly, driven by technological advancements, market consolidation, and changing economic landscapes. The year began with Complete Legal making waves by merging with L2 Services and Precise Legal, fortifying its market position.
Always establish clear objectives before you begin. The post Contract Redlining Best Practices For 2025 first appeared on Percipient - LegalServices Powered by Technology. The post Contract Redlining Best Practices For 2025 appeared first on Percipient - LegalServices Powered by Technology.
This enables you to objectively determine which prices are fair, uncover areas for cost savings, and identify law firms that provide the best value. It also provides outside counsel with predictable income and gives in-house counsel more flexibility to decide how many services they want to use a lawyer for.
Kristina sees two significant changes on the horizon: Determining how to properly and effectively employ AI and technology to increase efficiency and reduce costs; and Continued access to data enabling both in-house and outside counsel to make smarter, data-driven decisions. Kristina Satkunas 1:53 Yeah, I’d be I’d be glad to do that.
9 Encourage Goal Setting Establishing personal or professional goals and developing plans to reach these objectives may be foreign to many lawyers. How Leveraging LegalTechnology Helps Retain Associates Pixels can’t replace people; however, technology must be integral to every modern law practice.
PCE changes directly and indirectly impact various sectors, including the legal industry and eDiscovery spending. This boost leads to higher allocations for legalservices, including eDiscovery, to support compliance, litigation, and M&A activities. Bureau of Economic Analysis (BEA) Economic Pressure?
Vanderbilt Law School recently launched an exciting new initiative called the Vanderbilt AI Legal Lab (VAILL) to explore how artificial intelligence can transform legalservices and access to justice. For instance, they plan to co-create solutions with Legal Aid of North Carolina’s Innovation Lab to expand access to justice.
The contract management process typically follows six key stages: Initiation: Identifying the need for a contract and defining objectives. The post Should You Outsource Contract Management Services? appeared first on Percipient - LegalServices Powered by Technology. What are the six stages of contract management?
If signed into law, HB 2094 would introduce stringent requirements for AI system developers and deployers, aiming to mitigate algorithmic discrimination and enhance transparency in sectors such as employment, finance, healthcare, and legalservices.
Tracking objective spend data means you can base decisions on facts instead of educated guesswork. Working with teams like finance and procurement gives you additional insights to help optimize legal spending, including where to ask for alternative fee arrangements or hire an alternative legalservice provider.
To submit recommendations for consideration and inclusion in ComplexDiscovery’s data and legal discovery-centric service, product, or research announcements, contact us today. billion, inclusive of Micro Focus’ cash and debt, subject to final adjustments. 20-January-2023 Magnet Forensics Thoma Bravo Approximately $1.3B
Be Thoughtful About Your Connections and Interactions Social media is an excellent tool for expanding your professional network, but in the legal field, this expansion must be managed with caution. addresses conflicts of interest, which can arise from relationships that might compromise your ability to represent a client objectively.
When I decided to open my own practice, I found that there was a huge need among small and medium-sized businesses to have someone with my skill set—someone who not only understood the law, but also understood business implications, business objectives, bottom line, and could talk to them in business lingo, not just legal jargon.
Industry News – Artificial Intelligence Beat The Dual Impact of Large Language Models on Human Creativity: Implications for Legal Tech Professionals ComplexDiscovery Staff* In the age of rapid technological advancement, large language models (LLMs) like ChatGPT are reshaping the way professionals in various fields approach their work.
With the rise of technology, changing client preferences, and increasing competition, small law firms must adapt their practices to provide high-quality legalservices while being cost-effective. In this blog, we will explore practical tips for small law firms to save money and ensure the best services for legal consumers.
An expert: A more innovative example When Palace Law began a process of firm-wide technology and systems improvement, we knew we needed help. The project manager we hired had training in agile project management and technology. With outside experts its important to set objective goals tied to your firms business plan.
Here are some eye-opening stats that show just how challenging the legal industry can be: Client Retention: Only 60% of law firms feel confident in their retention strategies. Technology Adoption: 14% of law firms cite difficulties in adopting new technology, which affects efficiency and client satisfaction.
3 Emerging non-human “virtual” 4 assistants, by contrast, are presently addressed through the rules governing a lawyer’s duties of competence and confidentiality relevant to technology generally—including technological assistants powered by artificial intelligence. lawyers also have a duty to understand the technology they are using.
Benjamin Alarie and Abdi Aidid are legal experts who are heavily involved in the development of legaltechnology. They are releasing a new book, The Legal Singularity: How Artificial Intelligence Can Make Law Radically Better later this year.
Magna LegalServices stresses the importance of addressing jury bias with a proactive approach. Next Steps in Demographics New Technology AI and machine learning are transforming juror analysis. As these tools evolve, corresponding legal reforms are also shaping how jury selection is conducted. Avianca, Inc.
Define both short-term and long-term objectives. Add variable costs such as marketing expenses, technology, and court-related fees. Plan financially for hiring staff, expanding your services, or upgrading technology. This information shows where you stand financially and helps guide your next steps.
But a month later, there I was doing depositions online, dozens of them, with attorneys who had previously objected to them. ” So, communication has probably been the biggest change and something that we’re adapting to and the technology has certainly helped us with that. That’s all done with technology now.
And finding new ways to enhance the ability to deliver legalservices to those with less resources is is a very important goal for ESG. Or are you seeing any trend towards use of technology or sort of working in technology to develop, you know, access to justice solutions, or things like that? In many law firms.
Or, as defined by the statute , “any transfer of signs, signals, writing, images, sounds, data, or intelligence of any nature transmitted in whole or in part by a wire, radio, electromagnetic, photoelectronic or photooptical system” held by third-party technology providers. if it’s overly broad or lacks proper legal basis).
It provides actionable insights for professionals across the cybersecurity, information governance, and eDiscovery ecosystems, helping stakeholders navigate the rapidly evolving legaltechnology landscape. This report provides a concise analysis of trends and opportunities shaping this critical sector. billion in 2024 to $25.11
The conversation focuses on LegalMation’s products, overcoming resistance to adopting new legal tech, and predictions for the future evolution of legalservice delivery. The product found an early champion in the form of a corporate legal department interested in licensing it.
He emphasizes the importance of not only adopting AI but also using it to its full potential to deliver better legalservices. Moving on to the topic of alternative legalservice providers (ALSPs), Tromans examines their role in the legal industry and how it has evolved over time. Should we do a merger?
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content