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. The strategic insights on this blog are meant to enable optimized, value-added legal services and more efficient business processes.
Investing in a cloud-based practice management software can boost operational efficiency and streamline task flow management for law firms of all sizes, including solo practitioners. matters.Cloud is organizing this legal practice management webinar to offer insights into its latest features and enable taking an informed decision about investing the time, effort, and money required to make the most of their cloud-based tool.
Starting spring 2020, InvestCEE is teaming up with Budapest Institute of Banking (BIB) to offer a complex, full-day course on digital and innovative legal services for Hungarian lawyers. If you speak Hungarian and are curious about using technology to rethink traditional legal service delivery, we invite you to join in for this e-learning session!
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 […]
Press time for the European Legal Technology Association (ELTA) - an organization we are closely affiliated with in Hungary and across the Central Eastern Europe (CEE). In its latest issue released in February 2020, The Legal Technologist featured ELTA Board Members' and Ambassadors' (including InvestCEE founder & CEO Orsolya Szabó) perspective on legaltech with a look back at 2019 and a forecast for 2020 - meaningful insights from the various European jurisdictions. Here's to another exciting year for the European legaltech scene!
In a changing legal market -- responding to a data-driven economy -- companies and law firms often play it safe, look for the perfect solution and wait for the right moment to jumpstart innovation of legal workflows. Investing into technology requires some expenses and the return on investment is often difficult to predict. Clearly, legal technology acquisitions need to be carefully and strategically considered. Yet study after study shows: strategic thinkers are found to be among the most highly effective leaders, and those organizations that look to the future and take well-managed risks are the ones that persevere and grow. We help apply this wisdom in legal innovation context.
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