Best practices in contract management

Every organisation has contracts, but not every organization adequately manages its contracts. And while the nature and complexity of these agreements can vary widely, careful governance enables organizations to maximize their value and limit their exposure. On the other hand, contracts that are administered poorly—or not at all—tend to leak revenue, drive costs upward and […]

How confident are you in your firm’s redaction process?

No law firm in 2019 needs to be masking text instead of properly redacting it. The days of running a black marker over a hard copy and scanning it back in to create a new soft copy should be long gone. The modern equivalent – drawing a black box over content in Microsoft Word and converting to PDF – […]

Testing document management systems in the legal sector

  The document management system (DMS) is a central component of a firm’s IT systems. When looking to upgrade, a robust test approach will provide confidence that the new system will work effectively. Whether a firm is implementing iManage, NetDocuments, Sharepoint or another option, it is rare that the DMS will operate in isolation. There […]

Does your redaction process pass the bar when it comes to efficiency and risk mitigation?

  Improper redaction is a leading source of data breaches globally. In many countries, lawyers have a legal obligation to redact all kinds of confidential information prior to filing court documents – including financial account details, names of minors, home addresses, and dates of birth. Googling the question, “how do I redact a document?” will […]

How centers of excellence are accelerating efficiencies across the legal landscape

  Across today’s legal ecosystem, a set of complex forces has pushed law firms to strategically reexamine and transform operational support in a way that places a greater emphasis and value on corporate client-facing activities. Cost pressures, new competitors and emerging technology, and evolving workforce dynamics are influencing an industry that is now embracing change […]

How to put mobility to work for law firms

  When we visit law firms around the globe, we are often struck by just how many firms are still reliant on paper and paper-based legal business processes. Even at firms with paperless initiatives, we’ll see billing partners packing up stacks of pre-bills to review and edit in the evening at home. Paper is cumbersome, […]

Everything you need to know about legal document automation

  Legal document automation isn’t scary. Automating the creation of documents is not intended to replace, minimise or threaten what lawyers do. Lawyers always have been, and always will be, the guardians of the legal documents that form the basis of all business; but by automating certain parts of the process, they can be liberated […]

Knowledge on app

Delivering knowledge management productively to fee earners today requires a consumer appstyle approach, says Simon Pecovnik, VP of product management, iManage RAVN  The concept of knowledge management (KM) isn’t new to the legal industry. However, in larger law firms it has traditionally been a separate function from IT. KM teams have been tasked with collecting […]

Value of collaboration

Fraser Mayfield, head of EMEA at Iridium Technology, says learning to price your work more collaboratively can reap some real rewards. When law firms get collaboration between lawyers and their clients right, using open and clear communication, the rewards for both sides are truly impressive. The firms that recognise this understand that effective collaboration is […]

Suppliers in the spotlight: A look at procurement priorities for law firms in 2019

  Procurement plays an essential role in law firms’ ability to reduce and contain costs, manage risks and improve the level of supplier service delivery. Reflecting procurement’s rising value, a majority of law firms (67 percent) have established a procurement function, according to a Procurement Leader survey conducted in connection with HBR Consulting’s 2018 Law […]