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As legal teams manage growing data volumes, navigate complex cases, and adapt to meet changing client needs, having the right technology becomes increasingly important. Selecting, implementing, and maintaining a litigation management software stack that delivers long-term value requires a strategic approach. A recent ACEDS webinar with Stephen Dooley, Director of eDiscovery & Litigation Support at Sullivan & Cromwell, and Shannon Bales, Senior Manager of Litigation Support at Munger, Tolles & Olson explored this topic. Watch the on-demand webinar now. In this blog, we’ll share the key takeaways from the discussion, including how to align ...
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Law firm litigation departments are facing rising caseloads, expanding data volumes, and mounting pressure to increase profitability. To navigate these challenges and thrive, they must adapt their approach to address emerging trends and client expectations. New litigation research from Ari Kaplan Advisors explores these themes, offering perspectives from litigation leaders. While you can download the 22-page report to explore the in-depth expert analysis and data , here you’ll find the top seven stats you need to know as you build your strategy for 2025. 1. 93% reported that the volume of data they manage for an average dispute is increasing As data ...
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Legal case management software empowers law firms to streamline processes, centralize case data, and enhance collaboration. And now, as technology evolves to embrace the benefits of the cloud and the advantages of GenAI, having the right case management platform is more important than ever. In fact, in a recent study from Ari Kaplan , 87% of litigation professionals indicated that AI-assisted case management software is a competitive advantage. In this guide, you'll find helpful information about legal case management software. We'll start with a quick definition, an overview of the needs that case management software addresses, as well as a detailed list ...
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For the last few years, Generative AI (GenAI) has been the most talked-about topic in the legal industry. Now, as law firms begin to progress from talk to implementation, GenAI is poised to transform the litigation lifecycle. Indeed, during a recent Lexology Masterclass webinar discussing AI for litigation teams, 94 percent of participants agreed that generative AI is here to stay. And 84 percent said that AI is likely a competitive advantage. While GenAI for litigation can deliver tremendous value, successful deployment requires teams to identify the best approach for integration, select priority use cases, ensure data security, and address common user concerns. ...
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Passwords remain a major risk to enterprises. This is true even though safe password practices have been widely promoted for a decade. Nearly half (49%) of incidents cited in Verizon’s 2023 Data Breach Investigations Report involved compromised passwords. Enter NIST’s new Digital Identity Guidelines, SP 800-63-4 . In the new report, NIST advocates for dropping onerous password requirements and focusing on the practices which are most effective. Let’s look at a few of the updated guidelines. Do not require users to change passwords periodically, only mandate change when there is evidence of compromise. Require passwords with a minimum of ...
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AI and machine learning are revolutionizing the legal industry with predictive analytics and Generative AI tools, enabling lawyers to anticipate case outcomes, evaluate risks, and automate various tasks for greater efficiency. The willingness to foray into this new paradigm, however, has been met with some resistance as concerns over accuracy, data security, and privacy remain high. Thomsen Reuters recently released a report on adoption of AI technology in the legal industry. Here we’ll break down where the legal industry stands at this moment in time and how far we must go to embrace the transformation AI is sure to bring to our industry. What we’re embracing ...
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I work with many Am Law 100 (top 100 law firms in the US) who provide iPads to their attorneys. It’s public information that many of these firms achieve millions of dollars of profit per equity partner . Investing $2,000 to enable these profit-generating attorneys to work from anywhere and to be more responsive to their elite clients is a simple calculation. iPads are fantastic. They are portable. The Pencil is fluid. It’s quick to get to work. Try comparing your time-to-work on an iPad with loading your Citrix desktop! But what if your firm does not quite have the budget to put a $2,000 iPad Pro kit in each of your attorneys’ hands? In 2024, ...
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In the world of legal drafting, every word matters. But reinventing the wheel for each new document is a recipe for wasted hours, inconsistent language, and potentially serious errors. A clause library offers a smarter solution, streamlining the process while ensuring accuracy and consistency. What is a Clause Library? Think of a clause library as your law firm's own customizable toolkit for contract drafting . Instead of re-writing standard provisions from memory or hunting through old documents, you have a centralized collection of pre-written and pre-approved legal clauses at your fingertips. Let's break down what's in your toolkit: ...
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Hi ILTAns! This post has new data about legal applications and enterprise software used in #legaltech, including 1Password, KnowBe4, Ironclad, Vanta, Drata, and Microsoft. There is nothing commercial in this content. Pure data and #dataviz . Enjoy! Okta has application usage data which you simply will not find anywhere else. This year's report draws data from their anonymized 18,800 global customer base. Okta is a leader in identity and access management products. You may download the full "Okta Businesses at Work 2024" report here . Growth in app categories: Legal software is the leader in customer growth Okta kicks off this year's report ...
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Hi ILTAns, this post focuses on data and #dataviz about enterprise applications from the new Okta report, from Ironclad and LexisNexis to Microsoft, Vanta, and Drata. There is no product promotion in this post. :) Okta has application usage data which you simply will not find anywhere else. This year's report draws data from their anonymized 18,800 global customer base. Okta is a leader in identity and access management products. You may download the full "Okta Businesses at Work 2024" report here . Growth in app categories: Legal applications are the leader in customer growth Okta kicks off this year's report with a spotlight on Legal ...
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Efficient case file organization is the bedrock of success in the legal profession. From the initial intake to the final resolution, a well-structured case file streamlines workflows and ensures accuracy, accessibility, and efficacy throughout the legal process. Attorneys daily navigate a sea of documents, facts, claims, and details. A disorganized case file can lead to oversights, misplaced information, and unnecessary delays. Hence, this article outlines the pivotal elements for a meticulously organized case file. Overview of the 6 Critical Components Checklist This guide will explore six fundamental components pivotal to a well-organized ...
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Ten years ago, Aileen Lee, the founder of seed stage VC firm, Cowboy Ventures, studied the characteristics of VC-backed companies. In the 2013 report, “ Welcome to the Unicorn Club ,” Lee coined term “Unicorn” to describe those privately held startups with a $1 Billion or greater valuation. Unicorns were off to the races. Now, ten years later Aileen Lee and her “Cow-lleagues” have taken another deep dive into VC-backed startups. They have just published, “Welcome Back to the Unicorn Club: 10 Years Later.” And, yes, after a pandemic and years of near-zero interest rates, things have changed. The slide version of the report is 54 slides long, mostly graphs. ...
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The catchy take-away from the Thomson Reuters “ 2024 Report on the State of the US Legal Market ” is that law firm leaders who don’t respond to the shifts in the legal market in the past 15 years may share a destiny with Pan Am. The US airline, Pan Am, was the largest international carrier in the mid-20th century. Pan Am filed for bankruptcy in 1991, after decades of tremendous growth in air travel. For those who recall Pan Am, it’s a vivid illustration. You will see the tie-in below. Looking at today’s legal market, the Thomson Reuters report is full of data and graphs which quantify recent trends. Key Trends: There is a shift from the “Transactional ...
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(Chicago, IL) January 10, 2024 — The International Legal Technology Association (ILTA) Announces the Women Who Lead (WWL) event – Catalyst: Women Leading Change ILTA is pleased to announce the in-person event - Catalyst: Women Leading Change , on March 21, 2024, at Vinson & Elkins for the New York City main stage. This nation-wide event is designed to offer in-person simulcast locations in Houston, Dallas, Austin, and San Francisco to increase networking. This one-day event will focus on change and disruption. Change for both our professional and personal lives and the disruption and developments in Ai. Elevate your skills and ...
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Introduction From generative AI to cloud transitions, the legal technology stack has transformed during the last few years – and even months.* The network of systems law firms rely on to deliver legal advice has expanded exponentially, and it is becoming increasingly more complex. Managing all of the siloed applications needed for legal workflows can be a demanding and time-consuming process. This can put significant pressure on a law firm’s IT team. This is heightened when each tool works independently, and not in harmony with others within the technology stack. The compliance of data stored in each system must be considered and managed effectively, to ...
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Corporate legal teams are often asked to do more with less, which means they need to find ways to streamline operations and become more efficient. In today's fast-paced business environment, legal teams must be able to handle a high volume of work while still delivering high-quality output. This is where Kim Document comes in - it is a tool designed to help legal teams manage their workload more effectively and efficiently. Kim helps with these three "no-regrets" decisions that corporate legal teams can make to streamline their operations and become more efficient. These decisions are: Self-service : Kim Document allows legal teams to self-serve low-complexity ...
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Data is a critical asset for any law firm in the digital age, but manually rekeying data comes with significant risks that can harm a firm’s operations and bottom line. In this article, we will explore the risks associated with manual data rekeying and suggest some measures law firms can take to mitigate them. Human Error : One of the biggest risks associated with manual data rekeying is human error. Even meticulous data entry professionals can make mistakes, resulting in inaccurate data that can impact a law firm's decision-making processes. Simple errors such as entering incorrect data or transposing numbers or letters can have significant consequences, ...
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For decades, ILTA has been the leading educational resource for legal technologists. You come to ILTA to learn and grow your skill set, to challenge yourself and become an innovator. You join us at ILTACON, LegalSEC, onsite for ILTACON Europe, for our one-day roadshows, and throughout the year, virtually, to expand your knowledge base and to connect with peers and partners. Now, more than ever, ILTA’s peer-powered network is connecting members, partners, subject-matter experts, and all #legaltechnologists in ways that we could not have fathomed prior to 2020. Today, we are asking our fellow ILTAn’s to look around their own legal tech sphere’s and to nominate ...
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Speech-to-text solutions are the preferred choice for many organizations when considering their dictation requirements and organizational needs. According to a recent market report published by Grand View Research, Inc., the global speech-to-text API market size is expected to reach USD 8.56 billion by 2030 and grow at a CAGR of 15.2% from 2022 to 2030. With this growing need for speech-to-text solutions, it is common for organizations to put together a business case and weigh in the return-on-investment (ROI), to get desired results. However, to arrive at a decision, it is important for organizations to consider the benefits and best practices associated with ...
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Maptician Empowers the Hybrid Office with Release of Powerful New Feature: Presence Presence helps professionals optimize their in-office time Maptician , makers of market leading intelligent space and occupancy management technology, today announces general availability of Presence, a powerful new feature designed to optimize people and space in hybrid office operations. Presence delivers unprecedented visibility into peers’ physical office attendance through an automated and proprietary internet protocol (IP) based integration. With Presence, professionals make quick decisions that optimize their in-office time aligned with collaboration, networking, ...
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