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 M&A Commission and the Commercial Fraud Commission of AIJA invited InvestCEE LegalTech Consultancy to join the Kraków seminar for panel discussions and exchange views about using legaltech in M&A projects (share or assets deals).
Complex workstreams like contract management often require a set of viable strategies to improve internal efficiencies in an organization. Working closely with our clients in this professional context, we found that fine-tuning first the pre-signature and then the post-signature phase of contracting helps better manage the overall process. In June 2022, InvestCEE LegalTech Consultancy released Part I of our new strategy paper series dedicated to improving the pre-signing phase of contracting - the full PDF copy can be accessed in this article.
March 2022 marks the 5th anniversary of launching InvestCEE LegalTech Consultancy and we're inviting our professional community over for a full-day virtual house-party: our first LegalTech Mastermind Day! We're hosting this free of charge inspirational event to celebrate the excellent relationships we've built over the years with our advisors, legaltech vendor partners and legal teams across Central Eastern Europe and beyond. We hope you can join us!
In December 2021, InvestCEE LegalTech Consultancy in collaboration with Hungarian digital law firm SimpLEGAL issued a practical guide on legal AI. The handbook is non-sponsored professional content so instead of listing particular AI vendors, we aimed to inspire engagement with AI-based solutions in a creative and transformative way, help increase the added value of legal services and enable fair business processes through legal technology. This blog post summarizes the key take-aways and provides free access to the full English language handbook.
Calculating the ROI of LegalTech investments can help to estimate the costs and benefits of tech-assisted legal work compared to traditional ways of providing legal services. Stop by the next Legaltech Academy Meetup and learn from InvestCEE's expert advisor Chuck Henrich -- he'll be sharing his best practice tips at the webinar!
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!
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.
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.
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.