With this LegalTech blog, we aim to inspire engagement with legal technology tools in a creative and transformative manner. Most of our posts are inspired by project work with our LegalTech Marketplace partners and contain references to their solutions. We share strategic insights to help increase the value of legal services and optimize business processes.
The Polish team behind LegalTech Academy is organizing this online meetup on October 5th, 6pm CET to focus on the potential of data in the legal industry. Register and stop by this event to learn our insights on using data as a strategic tool for legal teams!
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.
In a digital economy, the value of legal work largely results from core human expertise multiplied by the ability to efficiently “package” legal know-how into technology. Legal analytics tools designed for lawyers allow a shift away from the billable hour and enable workflow data analytics that capture core human expertise.
At the end of 2020, EXE.legal, a Lithuania-based specialized law boutique, and InvestCEE LegalTech Consultancy, a legal innovation advisor, have announced their cooperation agreement on consultancy services aimed at law firms and in-house legal departments with a focus on deploying legal technology solutions. Since then, the collaboration has kicked off with full speed, Dr. Paulius Astromskis, Managing Partner at EXE.legal, and Dr. Orsolya Szabó, CEO of InvestCEE LegalTech Consultancy, shared their take-aways from the past few months.
Legal design is a forward-looking methodology to help redesign professional services provided by lawyers to better fit a digital economy. Document automation is a digital tool highly capable of upgrading legal service delivery. A webinar combining these two is a very valuable learning opportunity for those committed to legal innovation!
Unless carefully planned, all the value added at the contract negotiation and electronic signing stage disappears as soon as the executed contract gets randomly filed. Smart contract management in the post-signature stage is necessary to harness the benefits of contracts in an organization. We’ve condensed our best practice tips in this 5 step plan based on InvestCEE LegalTech Consultancy’s experience with digital contracting processes.
Adminisztráció. Mindenki szeretné gyorsabban, könnyebben, lehetőleg papír- és érintésmentesen, környezetbarát módon intézni. Az elektronikus aláírás a digitális transzformációs projektek kulcsfontosságú eleme, ami számos gyakorlati kérdést szokott felvetni az elektronikus aláírások egyes fajtáinak joghatásaival, kötelező erejével kapcsolatban egy-egy ország joghatósága alatt. Az InvestCEE LegalTech Consultancy és a SimpLEGAL ügyvédi iroda közös piacelemző riportja Magyarországra fókuszál és a hagyományos, tintával papírra írt kézjegy itthon elérhető elektronikus alternatíváit elemzi. Az elemzés kivonata a FintechZone blogon is olvasható.
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.
Legal innovation conference Legal Accelerators will take place virtually next week on November 26-27 and we are delighted to be a part of it! InvestCEE Founder & CEO Orsolya Szabó will share practical insights on data-driven legal services and host a strategic planning workshop for legal teams on Day 1. Check out the event agenda and sign up to join the discussion! We empower legal departments and law firms to put data culture in the center of their value-added legal service delivery. For this, we bring together legal and business know-how, legal technology solutions, strategic consulting and implementation expertise as a unique approach to help our clients provide a new generation of legal services. This strategic planning webinar session is a unique opportunity for legal teams to understand how to combine legal technology solutions with their particular expertise and package legal services into digital tools.
In November 2020, InvestCEE LegalTech Consultancy in collaboration with Hungarian digital law firm SimpLEGAL issued a practical guide on e-signing in Hungary. e-Signature is a key aspect of digital transformation projects, yet we found that there is still lack of clarity as to the legally binding effect of e-signing tools in a given jurisdiction. In the report, we analyzed six locally available, electronic alternatives to traditional ink-on-paper signing and also briefly looked at international, borderless platform solutions. This blog post summarizes the key take-aways and provides free access to the full report.
Exciting legalinnovation initiatives are taking place this fall throughout Central & Eastern Europe (CEE)! The Polish teams from Agile Lawyer Academy and DSK Kancelaria are leading the way and putting legal project management on top of lawyers' agendas this week. The Legal Project Management Conference is the virtual gathering of experts in legaltech and the business of law in the CEE region. We are delighted to contribute and share our know-how at this event!
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.