As the legal industry expresses mixed feelings and concerns about the implementation capabilities of their contract lifecycle management solutions, Epiq is hoping to beef up its CLM consultancy offering with its latest acquisition, Mainspring.
Continue Reading Epiq Acquires Digital Transformation Firm Mainspring, Seeking to Solve CLM Shortcomings
How Will AI Disrupt Legal Billing? Early Innovations Offer Some Clues
AI isn’t the first technology to disrupt the legal industry, but it’s driving a faster pace of change and altering the law firm-legal department relationship, legal analysts report.
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Many European Legal Departments Still Lack Clear Digitalization Strategy—or Budget
The Legisway Benchmark for Legal Departments report from Wolters Kluwer and the European Legal Tech Association (ELTA) showed that many corporate legal teams in Europe are still at the early stages of their digital transformation.
Continue Reading Many European Legal Departments Still Lack Clear Digitalization Strategy—or Budget
New European corporate legal tech benchmark report finds securing budget is a “major challenge”
Wolters Kluwer and the European Legal Tech Association (ELTA) have published a new benchmark report that looks at the impact of digitalisation on European corporate legal departments, which finds that …
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Product Insights: Fulcrum GT launches legal spend management marketplace RAPIDx
We spoke to Dino Eliopulos, Fulcrum GT’s vice president of innovation and solutions, about how Fulcrum’s new marketplace-style network will modernise and automate source-to-pay. Fulcrum GT in August unveiled its …
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On LawNext: Checkbox CEO Evan Wong on Why Workflow Automation Beats CLM for Many Legal Departments
One of the hottest sectors of the legal tech market these days is contract lifecycle management, or CLM. But Evan Wong believes that, for many inhouse legal teams, CLM is not necessarily the best route for them to streamline workflows. Rather, he believes workflow automation is often the better way for legal teams to transform their operations.
Wong is the
Continue Reading On LawNext: Checkbox CEO Evan Wong on Why Workflow Automation Beats CLM for Many Legal Departments
LawBase Integrates Generative AI Into Its Matter Management Solution
The matter management company may be the latest in a crowd of legal tech vendors integrating generative AI into their tools, but they hope to set themselves apart by focusing on metadata retrieval.
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LexisNexis CounselLink Report: Law Firm Partner Rates up 4.5% in 2022
Today LexisNexis® CounselLink released its 2022 Annual Trends Report. The unstable economy and a tighter legal market have not caused law firms to pull back on billing rates. To the contrary law firm partner billing rates rose faster last year than they have in a decade.
The average partner rate increased by 4.5% (compared to 3.4% in 2021 and 3.5% in
Continue Reading LexisNexis CounselLink Report: Law Firm Partner Rates up 4.5% in 2022
On LawNext: Wolters Kluwer V.P. Abhishek Mittal on Data Management and Operational Excellence
As vice president, Data and Operational Excellence, at Wolters Kluwer, Abhishek Mittal is responsible for driving business transformation and new product innovation by embedding data-driven decision making in core operational processes. He leads a large global team of process engineers, design thinkers, data scientists and domain experts to develop expert solutions for both internal processes and new products.
In 2021,
Continue Reading On LawNext: Wolters Kluwer V.P. Abhishek Mittal on Data Management and Operational Excellence
LexisNexis Announces Preview Launch Of Lexis Connect, AI-Powered Matter Management Within Microsoft Teams
The product is being developed in partnership with Microsoft, and Microsoft’s Corporate, External and Legal Affairs (CELA) department has signed on as the first preview customer to test and help further develop the product.
The post LexisNexis Announces Preview Launch Of Lexis Connect, AI-Powered Matter Management Within Microsoft Teams appeared first on Above the Law.
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LexisNexis and Microsoft Announce Lexis Connect, an AI-Powered Matter Intake Application
Lexis Connect is built specifically for corporate legal teams, and built on Microsoft Teams. It includes two generative AI powered chatbots: Ask Legal, and a legal research assistant chatbot tied directly to Lexis Connect.
Continue Reading LexisNexis and Microsoft Announce Lexis Connect, an AI-Powered Matter Intake Application
Breaking: LexisNexis Announces Preview Launch of Lexis Connect, AI-Powered Matter Management within Microsoft Teams
LexisNexis today announced the preview launch of Lexis Connect, a legal intake and matter management product that works within Microsoft Teams and uses conversational AI assistants to help deliver answers more quickly.
The product is being developed in partnership with Microsoft, and Microsoft’s Corporate, External and Legal Affairs (CELA) department has signed on as the first preview customer to test
Continue Reading Breaking: LexisNexis Announces Preview Launch of Lexis Connect, AI-Powered Matter Management within Microsoft Teams
Tonkean Says Its New LegalWorks ‘Safely’ Brings Generative AI and No-Code Automation to Inhouse Matter Management
Tonkean, a Palo Alto-based company that describes itself as the first-of-its-kind process experience platform, has launched a matter lifecycle management product for corporate legal teams, LegalWorks, that it says enables them to harness the potential of AI-powered process automation technology safely — in a way that will not only increase process adoption, improve performance, and create business value,
Continue Reading Tonkean Says Its New LegalWorks ‘Safely’ Brings Generative AI and No-Code Automation to Inhouse Matter Management
Luminance Rolls Out Generative AI-Powered Chatbot 'Ask Lumi' for Corporate Customers
The AI-powered chatbot is trained on a limited set of data that Luminance has collected over its years of drafting contracts.
Continue Reading Luminance Rolls Out Generative AI-Powered Chatbot 'Ask Lumi' for Corporate Customers
Xakia launches legal matter management solution for small in-house legal teams
Australian-headquartered legal matter management vendor Xakia today (9 May) officially launches a new ‘out-of-the-box’ solution to meet the needs of smaller in-house teams, which has received positive customer testimonial (see …
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