The legal sector is undergoing rapid change. From technological disruption and rising client expectations to fierce market competition, law firms face pressures unlike ever before. Amid this transformation, data has become one of the most valuable assets a firm can possess as a critical driver of insight, efficiency, and competitive advantage. Being “data-driven” is no […]
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White and Case partners with Harbor for added expertise in procurement
Global law firm White and Case has 44 offices throughout the Americas, EMEA and Asia-Pacific. Due to its size and global reach across multiple jurisdictions, the firm developed a first-class vendor management department to meet its multifaceted procurement and contract management requirements. However, in 2022, aiming to enhance capabilities and improve efficiency, it shifted its […]
What your firm’s billing data is missing and where it starts – sa.global
The majority of CFOs have no reliable sight of what onboarding delays are costing them. And the most significant portion of that cost does not appear in any write-off report. Briefing’s CFO research surfaces a finding that looks reassuring on the surface. Among the CFOs who can measure write-offs linked to onboarding delays, the losses reported […]
Summarising legal documents with AI: tools, risks and best practices- Clio
“Time is what we want most, but what we use worst.” – William Penn Few professionals understand time constraints better than lawyers. We spend countless hours reviewing legal documents, from pleadings and applications to contracts, policies, case law, and legislation. Among the most notorious time drains: contract review. In fact, research suggests that poor contract management, including […]
ILTA and Thomson Reuters Institute release landmark AI guide for legal professionals
The International Legal Technology Association (ILTA) and the Thomson Reuters Institute announced today the release of the AI Guide for Legal Professionals: A Foundational Overview, a co-published resource designed to equip lawyers, legal operations professionals, and in-house counsel with a practical, authoritative foundation for navigating artificial intelligence in legal practice. About the Guide Developed by […]
Efimis enhances bank reconciliation for better financial control
Efimis, a best-in-class legal financial management platform, has enhanced the bank reconciliation capabilities within its product, helping law firms reduce the administrative burden associated with one of the most compliance critical processes in legal finance and legal accounting. Bank reconciliation has traditionally involved fragmented processes, manual statement handling and time intensive transaction matching. Efimis is […]