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.
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.
We are joining the legal operations evaluation project launched by Xakia Technologies to assess the state of in-house legal departments. The survey tool underlying the project is the Legal Operations Health Check created by Xakia three years ago - still available until June 30, 2020. Then, jointly with other organizations in the legal industry (Legal Operators, UpLevel Ops, Ascertus Limited, Norton Rose Fulbright and Lawit Group) we will prepare an eBook summarizing the trends and benchmarks globally. Click to access survey and find out more!
We are launching a blogpost series to showcase the contract management and contract data review capabilities of our legal innovation ecosystem. As part of the series, we will demonstrate how our partner platform Aivan.AI responds to certain common issues business teams face in the post-signing phase of contracting. In step 1, we will address one of the most obvious flaws in contract management: once signing occurred, contracts often become passive documents. In this post, we share some valuable insights as to how Aivan.AI helps activate contract databases.
We have also recognized that beyond the immediate human health aspect, there are additional, economic concerns that need to be dealt with in the current circumstances. And lawyers may have a special role to play in this regard. Enabling access to digital legal tools, easing the flow of goods and services, helping to virtually run our economies (locally and regionally) and getting creative about legal services will be essential going forward. To support legal teams through this period, we are here to team up and make use of the know-how we've accumulated in our legal innovation ecosystem. Here's a summary of how we are able to help.
On March 6, 2020, InvestCEE LegalTech Consultancy held a presentation on Making Legal Innovation Work at the Legal Market Day 2020 conference in Warsaw. The presentation focused on key areas where legal teams need to take meaningful risks in order to enable innovation and make the most of legal technology investments. Insights shared regarding the use of legal data analytics were meant to inspire corporate legal departments and law firms in CEE to improve their decision making and risk management functions.
Legal Market Day 2020 is the seventh edition of a CEE wide conference dedicated to lawyers from Central Eastern Europe who wish to create and develop innovative law firms. The purpose of the Legal Market Day is to combine professional experience with development and innovation. InvestCEE will contribute to the 2020 edition of the conference with a presentation on Making Legal Innovation Work.
On February 20, 2020, InvestCEE LegalTech Consultancy hosted a webinar organized by the European Legal Technology Association (ELTA) regarding the use of legal data analytics for improved decision making of corporate legal departments and law firms. The panel of experts included Jodie Baker, founder and CEO of Xakia Technologies and Ádám Szíjártó, legal director of Egis Pharmaceuticals PLC. The discussion focused on identifying and visualizing metrics beyond the billable hour to demonstrate the value of legal work.
‘Legal data analytics’ is a buzz term which implies that lawyers must have a sophisticated knowledge of numbers, data visualisation and analytics. Yet data – and specifically legal data – can be extremely simple and help understand the value of […]
In 2019, InvestCEE launched a project to determine and quantify key players enabling innovation of legal services across Central Eastern Europe (CEE). We are quite excited about this first regional study aimed to examine a new market currently carving out an innovative aspect of legal services, often referred to as newlaw. This blogpost is a sneak peek into our research project and the more detailed report to follow.
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