As the GC/CLO role is changing and legal departments grow in size, the need for effective operations within their departments increased threefold. As General Counsels become more strategic, the day-to-day responsibilities shift to a relatively newer function: legal operations. These internal teams focus on implementing new and more effective systems, tools and processes to ease the daily struggles of in-house legal teams.
The digital revolution of the legal industry began in 1973, when Lexis Nexis developed the UBIQ terminal to allow attorneys to search case law online, rather than books. What followed was the introduction of a microcomputer by Wang, that was included word processing.
The legal tech market has travelled a long way since towards a complete digital overhaul, with the introduction of other innovative software to automate and improve operational efficiency in areas like:
Manual research is, in general, a tedious and error-prone process, which gets more complex as the projects develop and quick decisions are needed. However, with the advent of automated legal research platform, this time-consuming process is significantly improved.
Legal research remains as important, whether done manually or automatically, but how attorneys conduct it is constantly evolving. Tools not only get smarter, but also more comprehensive thanks to a new generation of tools powered by Artificial Intelligence and NLP.
eDiscovery & TAR
Technology-assisted review (TAR) automates document review. It is a predictive coding system that uses machine-learning technology to give computers the ability to learn from human input and make educated guesses surrounding document classification.
This type of technology is usually used in the legal industry to dramatically reduce document sets – sometimes from several million down to a few thousands. It finds information during the review phase of a case, altering the discovery process for attorneys and the courts.
Whether accessing invoice data from the cloud, digital invoicing solutions help legal organizations save time by implementing accessible billing systems available from anywhere, on any device.
Nowadays, automated and digitized invoicing processes are becoming indispensable for attorneys and other industries professionals alike. The shift to eInvoicing enables savings of up to 80% compared to paper invoices. In addition, resources such as personnel, time and raw materials can be saved and errors minimized.
Legal Case Management
Legal case management software like FLightONE have been developed to assist in-house legal teams with meeting today’s market challenges for project management and case tracking.
FLightONE is First Law International’s proprietary Case and Matter-Management platform that enables clients to follow case updates, plan project process, track current project updates from start to closure.
Law firm clients and employees in corporations expect better, faster service, including a rapid and accurate provision of various documents and agreements. Contract Management software usually employs Artificial Intelligence and Blockchain technology and allows attorneys and legal teams to quickly check digital contracts. Contract Automation software allows teams to deliver documents and build templates stored in the cloud for easy access. As a result, log in and interaction with cases and sharing between team members is made easy and eliminates most bottlenecks.