While more in-house attorneys and general counsel depend on legal technology, traditional procurement processes, and an abundance of tools, is slowing down adoption, according to the Legal 500 Global Edition of GC: In-House Tech Survey 2023.
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Report: Calling time on the billable hour in the UK
LexisNexis UK has released a new report that looks at why almost half of all external legal spend is now taking place through alternative fee arrangements such as flat or …
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GCs Must Reinvent
Four key non-legal areas general counsel can focus on to assist with recessionary pressures, and the tools that can help.
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Apperio raises $7m to accelerate product development and US expansion
UK-headquartered legal spend analytics and matter tracking software vendor Apperio announced today (10 January) that it has raised a $7 million growth round of venture capital funding. The company will …
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UK's Apperio Raises $7 Million, Eyeing Broader Functionality and US Expansion
David Eldridge, Apperio’s non-executive chairman, said the company “will use the funding to further develop its product for corporate counsel and meet the growing demand for new functionality from law firms. Apperio will also accelerate its expansion to the U.S. market.”
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Eyeing U.S. Expansion, Legal Spend Management Company Apperio Raises $7M Growth Round
The London-based company Apperio, which provides legal spend analytics and matter tracking software, said today it has raised a $7 million growth round of venture capital funding. It will use the funding to further develop its product for corporate counsel, meet growing demand from law firms for new functionality, and accelerate its expansion to the U.S. market.
The announcement
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Legal IT Latest: Wolters Kluwer acquires Della; Insight Legal restructures management; Ince suspends shares; and more
Wolters Kluwer acquires Della; Insight Legal restructures its senior management; Ince shares are suspended pending auditor’s report; and online marketplace Lawclerk unveils hourly associate option. The period between Christmas …
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Making Sense of Legal Spend
Incorporating AI into standard invoice coding gives legal departments more visibility into legal spend and the ability to more accurately predict future budgets based on the true cost of legal work.
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5 Ways Technology Can Help Legal Departments Do More With Less
Technology can be an invaluable asset to legal departments.
The post 5 Ways Technology Can Help Legal Departments Do More With Less appeared first on Above the Law.
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New Streamline AI VP: Economic Downturn Will Make Customers Pickier, Focused on ROI
Karen Moor, former director of ELM sales at SimpleLegal and new VP of sales at Streamline AI, believes pressure will be on sales departments to build strong relationships with customers in an economic downturn and “become their consultant and their partner.”
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Legal Departments Struggling With Increased Tech Risk and Responsibility, FTI/Relativity Survey Shows
Sophie Ross, global chief executive officer of FTI Technology, said “many chief legal officers are experiencing the most turbulent period of their entire careers,” pointing to increases in the types of matters that now fall on legal departments, coupled with tighter budgets.
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Litify President: Too Many Legal-Tech Tools Don't Jibe With One Another
Ari Treuhaft calls this the No. 1 challenge: “How do you give lawyers and operators the flexibility they need, while still providing core tools and systems required to run their operation?”
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As Companies Rein In Legal Spend, They Are Bullish on Leveraging Legal Tech, Survey Says
Not surprisingly given the economy, a survey of inhouse legal professionals finds that companies are slowing down or freezing hiring, reducing outside counsel spending, and conducting layoffs.
To help counter these cuts and reduce their workloads, legal departments are increasingly bullish on leveraging legal technology, the survey finds.
The survey by contract management company Lexion polled 450 inhouse legal professionals
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How Corporate Legal Departments Can Set Themselves Up for Success in 2023 and Beyond
Future success for corporate legal departments requires strategic short-term and long-term planning now in areas like budgeting, staffing, outsourcing and more.
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Association of Corporate Counsel and Paladin team up to promote pro bono engagement in-house
The Association of Corporate Counsel and pro bono platform Paladin have teamed up to promote pro bono engagement among in-house corporate attorneys, as legal teams look to scale up their …
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