2024-07-18
Corporate housekeeping requires collaboration among stakeholders, including C-level executives, legal and tax advisors, compliance professionals, investment managers, and others. Traditionally, information is shared through email or a public workspace in the organization, which is neither practical nor secure. Instead, controlling access to information is good practice, just like providing data in a visually attractive and user-friendly way.
2024-06-03
Legal entity management is key to navigating complex organizations, especially in a digital environment that is highly dependent on corporate data and streamlined work processes. Whether assigned to the legal team or a business unit, people entrusted with corporate governance tasks are responsible for efficiently coordinating all legal entities of the group: holdings, operational companies, SPVs, subsidiaries, and branches. Carefully designed workflows and reporting are inevitable in this context.
2024-05-24
Legal Operations: Roadmap for Law Firms is a training course hosted by InvestCEE LegalTech Consultancy designed to provide strategic guidance to optimizing legal service delivery with technology. This course is dedicated to law firm leaders and decision-makers (owners, partners, operations managers, IT and process leaders). Register to join the upcoming live session!
2024-05-13
Corporate housekeeping has traditionally been the task of legal professionals - for a good reason. Providing risk management support to business clients, lawyers are expected to set up and safeguard the corporate foundations, watch over periods of growth and expansion, and mitigate risks in times of uncertainty. Yet navigating complex corporate structures may easily get challenging even for the best legal teams - especially in a digital environment where data accuracy and system security have become top priorities.
2023-05-11
As technological challenges continue to pressure legal service providers, it's more important than ever to stay ahead of the curve on the innovation considerations when it comes to law firm management. Yet for many small and mid-size law firms, implementing technology continues to challenge internal approval processes and client-facing marketing strategies.
2022-10-07
In September 2022, Hannele Korhonen from Lawyers Design School invited InvestCEE founder and CEO Orsolya Szabó for a LinkedIn live chat to discuss using design thinking methodologies for implementing legal technology solutions. As an advisory firm on a mission to "humanize legaltech", i.e. to help lawyers optimize their work and showcase their value-add through legal technology, this interview very well describes our approach to tech-assisted legal services. For the original transcript of the video interview, stop by on the Lawyers Design School blog.
2022-04-28
When conducting a legal technology audit in a corporate in-house department or law firm (of any size), we assess a legal team's digital maturity and help define an innovation strategy going forward. A LegalTech audit is a preliminary step for thoughtfully implementing emerging technologies into corporate legal operations and law firm practice. Our assessment report along with an overview of new and innovative tools designed for legal work, enables lawyers to streamline their daily tasks, build business flexibility into their practices and provide a more effective and highly responsive legal service.
2021-11-16
Investing in legal technology is fundamentally a business decision: will the benefits of the investment outweigh the costs? Return on the investment must justify the effort and expense of upgrading a legal team’s infrastructure and skills. A return-on-investment (ROI) calculation should help the decision making process with realistic numbers and flexible variables to account for different users and use cases. In this article, InvestCEE’s legaltech advisor Chuck Henrich explains what metrics legal teams should take into account in calculating ROI for tech-assisted legal services, and how to do it.
2021-07-08
Seamless contracting is a top priority for all organizations, irrespective of company size and industry. Technology is within reach to assist with certain parts of the contract lifecycle or to manage the entire process on a single platform (end-to-end). Yet despite the abundance of tools available, there are many impediments to change for better contracting habits. Here’s an overview of three typical challenges and our best-practice tips for improving contracting with technology.
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.