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.
In-house legal teams across the globe had responded to Xakia Technologies' Legal Operations Health Check survey that closed in June 2020. By now, all the data about corporate legal technology, tools and processes has been analyzed and the eBook is getting ready for release! To set the stage for the upcoming legal data eBook, our partner Xakia Technologies is organizing a Legal Operations Health Check Webinar. Join us!
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.
InvestCEE's webinar and online event series continues with partner events! We share learning opportunities through our legaltech partners in order to enable digital transformation for legal and business teams across Central Eastern Europe (CEE). This time, our partner platform Nalytics offers a unique informative view of what is going on today with regards to data protection, data management and compliance across the globe. The virtual session takes place on Thursday, July 30, 1pm CET. Join us!
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.
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.
In this 1-hour webinar you will see Nalytics deployed in robotic process automation (RPA) context and understand in particular: What RPA is and what can be achieved with it? What processes within your company are suitable for automation? How Nalytics can help with automating unstructured data?
Insights about RPA during the Corona crisis. Further, by attending this webinar, you will be able to ask any questions you may have about using an assisted intelligence tool like Nalytics. You will also have the opportunity to inquire about specific features, existing customers of the Nalytics platform and more.
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 continuing the webinar and online event series to share our legaltech toolkit & know-how with legal and business teams across Central Eastern Europe (CEE). This time, we invite you to discover how our partner platform Aivan.AI champions contract data management by optimizing access to key information in the contract life-cycle. The virtual session takes place on Tuesday, May 5, 11am CET and features a live demo of the Aivan.AI platform.
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.