2020-12-10
In the September 2020 issue of CEE Legal Matters Magazine, InvestCEE LegalTech Consultancy founder and CEO Orsolya Szabó shared the story behind developing the business model for innovative legal service delivery. Edited by Tereza Green, the article later also appeared on the online blog of CEE Legal Matters. In addition to the key focus areas for InvestCEE's innovative legal service delivery, the article also shares feedback and insights from InvestCEE clients and partners in various CEE jurisdictions: Hungary, Romania, Croatia, Poland, and the Czech Republic.
2020-10-08
In September 2020, Xakia Technologies issued the Legal Operations Health Check eBook -- a report summarizing the results of the legal operations benchmarking survey (the 'Health Check') carried out from April 2018 to July 2020. The Health Check was used by 349 legal teams in 37 countries and the eBook aggregates a significant volume of data about the current status of corporate legal departments of all sizes, in various industries, around the world.
InvestCEE contributed the EMEA overview to the eBook and this article is an extract thereof, aimed to inspire legal teams to improve their operations with data & analytics.
2020-08-18
Traditionally lawyers have been measuring the value of their input in correlation with the time spent on legal work. While tracking time is relatively quick and easy, capturing the true worth of legal services can be a challenge. Yet demonstrating added value is increasingly needed in light of a changing economy and client pressures to reduce bills. Digital tools designed for the legal industry allow a shift away from the billable hour and enable workflow data analytics that capture valuable human expertise.
2020-07-30
A legal practice management system structures legal work with workflows and information that support the business of law. Business metrics are equally important to small and large law firms, yet until recently, smaller firms and solo lawyers could not afford the IT infrastructure and administration involved in a legal practice management system. This article highlights questions to ask vendors when shopping around for cloud-based legal practice management.
2020-07-01
When selecting a cloud-based legal practice management solution, lawyers need to assess how well a vendor understands how to support digital legal services; simplifies the tasks involved in digitally managing clients, matters, finances, and documents; and handles data security. InvestCEE selected Matters.Cloud to feature on the LegalTech Marketplace because it meets those requirements especially for the smaller firms in our legal innovation ecosystem.
2020-01-06
In a changing legal market -- responding to a data-driven economy -- companies and law firms often play it safe, look for the perfect solution and wait for the right moment to jumpstart innovation of legal workflows. Investing into technology requires some expenses and the return on investment is often difficult to predict. Clearly, legal technology acquisitions need to be carefully and strategically considered. Yet study after study shows: strategic thinkers are found to be among the most highly effective leaders, and those organizations that look to the future and take well-managed risks are the ones that persevere and grow. We help apply this wisdom in legal innovation context.
2019-10-25
Smart data management, contract analytics or AI-assisted contract management are some of the various terms used to describe technology tools that help more efficiently access and assess information embedded in contracts. While traditional document management systems force us to carry out and execute routine operations manually (like searching for specific phrases or sections in contracts, reporting on contract data, etc), smart technology helps to automate most of these manual tasks.