As a first step in engaging with InvestCEE, our law firm clients typically seek our advice to understand trends in legal technology and then identify and source legal technology solutions in advancement of their own innovation strategy. For law firms, we have dedicated tools to improve legal practice management, enable document automation and client-facing project work.

To see our select digital legal toolkit, take a look at our LegalTech Marketplace or just send us an inquiry and we’ll give you a tour of our tools and services. Let’s meet up virtually for a free brainstorming session!

Law firm clients often engage InvestCEE as an external advisor for their internal and client-facing innovation strategy targeted to improve their legal service delivery. As part of such engagements, InvestCEE prepares an initial assessment report followed by a strategy paper along the lines of the law firm’s desired innovation strategy. In this context, InvestCEE’s consulting work includes in particular:

1. expert advice on identifying productivity gains from tech-assisted legal solutions and optimizing legal service delivery;
2. strategic support with specific aspects of the law firm’s internal and client-facing workstreams in order to: identify inefficiencies, improve client feedback and enhance internal & external collaboration through better processes, people skills and technology; and
3. consulting on visibility, marketing and content elements of the law firm’s service delivery (including assistance in communication via the firm’s website, client collaborations platforms, printed and online marketing materials and social media communication channels).

Ready to launch your law firm’s innovation strategy? Make use of our expert advice in the planning stage!

Once an innovation strategy is ready to be deployed, law firms team up with InvestCEE for strategic assistance throughout the implementation phase. Implementation projects typically include a documented roadmap in line with the firm’s innovation strategy and a dedicated timeframe in which our multidisciplinary team (legal, technology & process experts) closely collaborates with the client’s dedicated task force.

We prepare and regularly update the roadmap document (or playbook) which sets out specific action items and timelines for the implementation project. The timeline typically consists of 3 to 6 months phases (broken down into weekly sprints) and ends with an evaluation meeting where we review the benchmarks achieved and assess the need for next steps.

Ready to implement digital legal services? Make use of our expert advice in the implementation stage!

Traditionally lawyers measure the value of their work in correlation with time. While tracking billable hours makes pricing of legal services relatively straight-forward, it often leads to difficult discussion with clients due to this business model’s inability to truly capture the added value of legal work. Digital tools designed for legal practice management enable law firms of all sizes to shift away from the billable hour and implement a more data-driven approach that better captures the value human expertise.

We recently prepared a software review series for our blog readers. We focused on capturing data to demonstrate the value of legal work. Also, we reviewed the business functions enabled by digital practice management and looked at questions to ask vendors when shopping around for a cloud-based solution. 

Digital transformation efforts in organizations increasingly put corporate legal departments under unprecedented pressure. In-house legal teams often lack the bandwidth to source, test and implement technology tools that serve both legal and business goals. Our corporate legal clients typically reach out to InvestCEE to help identify and pilot legal technology solutions in line with their organization’s digitization strategy. We have dedicated tools for in-house teams that help with data-driven matter management, external spend management, internal reporting to business, contract lifecycle management and document review.

To see our select digital legal toolkit, take a look at our LegalTech Marketplace or just send us an inquiry and we’ll give you a tour of our tools and services. Let’s meet up virtually for a free brainstorming session!

Legal operations professionals typically have access to vast amounts of company data (a mix of legal and business data) and need to proactively collaborate with almost every business unit in the organization to help manage risks related to all that data. A corporate legal operations manager is in a unique position to help the in-house legal department grow into a more strategic leadership role in any organization. 

To successfully embed technology in legal workstreams, it is critical that legal operations teams receive sufficient support internally (from business) and externally (from trusted advisors).

The InvestCEE team supports legal operations with a select legaltech toolkit and expert project management to reduce friction and frustration in:

• implementing smart legal technology,
• efficiently engaging with technology vendors and
• enabling integrations with existing software tools and workflows.

Keeping track of all matters managed by a corporate legal department is a complex task. From experience, we know that collecting,
analyzing and prioritizing matter data is highly relevant both for enabling efficient workstreams and reporting towards business units in an organization. Managing matter data is even more difficult for legal teams that only use manual reporting and traditional spreadsheets.

Innovative legal teams prefer smart tools in order to access matter data and automate administrative (repetitive) workstreams like reporting. Using technology to manage data in legal matters helps the team to:
· Prioritize work
· Allocate resources
· Identify work that should be automated, eliminated or managed elsewhere
· Ensure appropriate staffing and workloads
· Manage the budget and allocate costs to business units
· Handle external firms, including fees and spend management, project deadlines and work quality.

Technology assisted matter management means that legal teams can quantify and sort legal work according to risk profile, complexity, resource demands and more, measure whether they are getting the right results from external firms and adjust internal workstreams and budgets accordingly. Data-driven matter management empowers legal departments to stop being perceived as a “cost unit” in the organization shift to be becoming a valued asset for the business by enabling well-informed decisions.

To harness the actual value of contracts, the contracting lifecycle of organizations needs to be carefully planned. Contract databases are seen as a strategic asset for business and contract management task often require alignment between legal and business units. 

InvestCEE’s LegalTech Marketplace has dedicated tools for all stages of the digital contract lifecycle: pre-signing phase, negotiation and e-signatures, and smart archiving in the post-signing phase. In addition to our practical guide on using eSignatures in Hungary we have condensed our best practice tips on digital contracting in various blog posts. Click links below to access our know-how:

• Getting Started with Contract Lifecycle Management
• From e-Signing to Smart Contract Management: 5-Step Plan
• How to Activate a Signed Contract (Passive) Database?
• 5-Step Plan for Contract Data Analytics

With organizations increasingly going through innovation efforts, digital change in the legal department may be particularly burdensome. InvestCEE is on a mission to help organizations effectively follow-through their innovation strategy specifically in the legal department.

By empowering lawyers and legal teams to adopt a more data-driven approach to legal operations, our ultimate goal is to help the legal function transition from a “cost center” to a business asset that is strategically aligned with business goals. For this, we work together with our clients in multi-disciplinary teams (closely collaborating with our clients’ existing internal IT,  business and legal teams) and help define and implement a digitization strategy and roadmap for the legal function.

For example, here are our tips & tricks for Adopting Data Analytics in Legal Work.

To see our digital toolkit, take a look at our LegalTech Marketplace or just send us an inquiry and we’ll give you a tour of our tools and services dedicated to corporate legal teams. Let’s meet up virtually for a free brainstorming session!

Business transactions are often highly complex and require dedicated attention from both legal and business teams. For example, going to all the efforts of an M&A project, coordinating the various internal and external teams and managing the complexity of the documentation can get particularly difficult. The traditional “people-only” approach to deal management inherently limits the process efficiency due to inconsistent focus, high risk to human errors, time & cost considerations as well as moral issues (people get fatigue with repetitive and unchallenging work). Instead, adequate technology tools can help keep business deal teams on track.

For example, tech-enabled M&A project management helps the deal team to:

• Ensure transparency & clarity of information among all teams
• Manage NDA & information memorandum distributions and responses
• Centralize and simplify due diligence with smart search capabilities
• Collect, manage, update real-time and control versions of all deal documentation
• Get to closing checklist & closing binders quickly and efficiently
• Simplify signature processes with automatized signature blocks and built-in signature tracker tool
• Get visual insights & reporting on the deal process

Get in touch with our LegalTech consultancy team to help manage business transactions with smart legal technology!

Organizations of all sizes acknowledge the value of legal data hidden in contracts and other legal documentation. Smart technology enables business teams to harness data analytics and derive business intelligence through legal operations.

Whether for regulatory compliance (like GDPR), document review of any sort (like due diligence) or other specific business goals, structuring and extracting legal data is essential for driving intelligent and forward-looking business decisions.

Early adopters of artificial intelligence (AI) based contract management solutions have identified some key business benefits of a legal data strategy, such as:

• Easy scan and search functions across contract databases and drilling down to specific contract terms
• Integrating the legal database with other internal systems (ERP, CRM, etc.)
• Tracking and gaining visibility of contract workflows
• Easy access and sharing of information among permitted and relevant stakeholders by centralizing contract data and setting access rights
• Similarity search and smart document comparison to standardized forms or model clauses
• Allocating people’s time more efficiently, motivating workforce

Engage our LegalTech consultancy team to help your organization adopt and implement a customized legal operations strategy.

Robotic Process Automation (RPA) is a smart software solution that mimics the actions of what human employees normally do. While RPA is not a walking and talking robot, it is good at opening emails, saving attachments, logging into websites or applications, copying and pasting from and to documents, filling in forms, scraping data from the internet or extracting structured data from files. We use RPA technology to help organizations perform highly repetitive, monotonous and tedious tasks specifically in legal workstreams.

For example, we have advised corporate legal departments and law firms to implement RPA in complaint management and similar filing processes that had been traditionally based on low efficiency, repetitive, manual work, that required high administrative and legal costs. We take pride in proposing solutions that combine supervised robotic processes with human legal expertise.

Reach out to for a proposal on deploying sophisticated RPA technology to automate repetitive processes in your organization.