newlaw Archives - InvestCEE

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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.

2024-01-28

LegalTech Mastermind Day 2024

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!
2024-01-05

How Much Does LegalTech Cost? Legal Operations Report

Every legal & business team has its investment priorities (and some organizations, budgets and regulatory pressures are bigger than others) - and yet all stakeholders see real value from a well-planned legal technology strategy, in particular costs calculations. To help operational leaders plan ahead and evaluate investment options, we released this holistic report on pricing mechanisms based on several years' experience with our LegalTech Marketplace vendor partners. 
2023-10-23

Navigating Legal AI: Training, Toolkit & Consulting

To help legal and business leaders explore strategies and best practices with AI solutions, we onboarded new advisors and partners to offer a more holistic Legal AI Advisory service line in addition to our existing LegalTech Marketplace - select software solutions & implementation know-how. Learn about our training course offering and how our experts navigate this complex field.
2023-05-11

Next Level Law Firm: Marketing & Delivering Tech-Assisted Legal Solutions

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.
2023-05-01

Navigating Legal Operations: Roadmap & Support Pack

Despite the short history of this new discipline, legal operations has become increasingly popular because it answers key questions about efficiency and effectiveness in legal work: how can a corporate legal department best deploy its team of smart lawyers and its technical resources to advance the organization’s goals, safeguard the business from all sorts of risks and protect corporate values?
2023-03-25

LegalTech Case Study: Matter Management & Data Hub with Xakia

InvestCEE LegalTech Consultancy and their LegalTech Marketplace partner ‘Xakia’ assisted Škoda Auto's legal department in improving legal operations with matter management and data analytics. Škoda Auto needed a legal matter management software that would prompt more targeted and impactful discussions with management regarding their performance and needs as a legal department, in turn leading to more influential internal and external business decisions.
2022-12-14

Planning and Budgeting for Legal Teams: Smarter with Technology

Legal teams are increasingly required to deliver their professional service as a business. Corporate legal departments and law firms are equally expected to contribute more to their clients’ optimization efforts and to offer solutions in strategic initiatives. Irrespective of the size of a legal team, drafting a formal annual budget is a necessity. This article helps in-house counsel and law firm attorneys discover best practices, access free templates and start testing tools to get their legal budget in shape.
2022-11-02

LegalTech Case Study: Document Automation

InvestCEE LegalTech Consultancy and their LegalTech Marketplace partner ‘Ment’ assisted Fujirebio’s European operations in implementing document automation technology in their legal department. The legaltech advisory team worked closely with Fujirebio Europe’s in-house counsel based in Ghent, Belgium to source and implement the adequate platform corresponding to their specific legal workstream needs.
2022-10-07

Humanizing Legal Technology: Lawyers Design School Interview with InvestCEE

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. 
2022-06-17

Digital Contracting: Improving the Pre-Signing Phase (Strategy Paper, Part I)

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.
2022-04-28

Legal Technology Audit: Digital Maturity Survey & Analysis

When conducting a legal technology audit in a corporate in-house department or law firm (of any size), we assess a legal team's digital maturity and help define an innovation strategy going forward. A LegalTech audit is a preliminary step for thoughtfully implementing emerging technologies into corporate legal operations and law firm practice. Our assessment report along with an overview of new and innovative tools designed for legal work, enables lawyers to streamline their daily tasks, build business flexibility into their practices and provide a more effective and highly responsive legal service.
2022-02-04

Fireside Chat with ClauseBase: Opportunities & Pitfalls of Document Automation

Are you confident in your team’s document generation workflows? For many law firms and corporations, the complexity and diversity of legal documents continues to challenge legal and compliance capabilities and processes. Our fireside chat covered best practices to manage opportunities […]
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