Litera in ILTA's 2024 Tech Survey: Platform Approach
Litera is thrilled to once again be featured in ILTA's 2024 Technology Survey, marking another year of recognition for our tools that empower law firms worldwide. Litera's solutions consistently appear in the survey’s results, reflecting the value they bring to legal professionals in both the practice and business of law.
With a robust portfolio that supports an enterprise, or platform-based, approach, Litera equips law firms to streamline operations across every stage of document drafting. In this blog, we’ll explore how Litera’s tools, including our comprehensive Litera Draft suite, enable legal teams to create high-quality, accurate documents from first draft to final PDF—bringing powerful, consolidated technology right to the MS Word ribbon.
Choosing Litera for an Enterprise or Platform Approach
As shown in the graph above, Litera emerges as a key player in enabling law firms to adopt a platform or enterprise approach, ranking among the top three providers considered for this strategy. With 40% of firms indicating they considered Litera, our standing is a testament to the broad appeal and effectiveness of our solutions for law firms seeking comprehensive technology solutions.
Litera’s ranking reflects our unique offering of an end-to-end platform tailored to the document drafting needs of modern law firms. Unlike some of the other providers, Litera’s suite, particularly Litera Draft, brings together all essential tools within the familiar Microsoft Word environment, allowing legal professionals to draft, review, and finalize documents efficiently without switching between applications. This consolidation of technology is a significant advantage for firms looking to streamline processes and enhance productivity.
While other vendors focus on different aspects of legal tech, Litera stands out as a end-to-end document drafting suite that covers the entire lifecycle of document creation and management. Our focus on an integrated, user-friendly suite means that law firms can easily incorporate Litera into their daily workflows. The survey results reinforce that Litera is not only a trusted provider but also a leader in delivering solutions that meet the evolving needs of the legal industry.
Litera’s prominence varies across law firm sizes, reflecting our adaptability to firms with different needs and resources. The data shows that Litera is well-represented across all firm sizes but particularly shines among mid-sized firms (50 to 699 lawyers), where we are considered by 36% to 56% of firms as part of their enterprise or platform strategy. This traction highlights the value mid-sized firms place on Litera’s comprehensive, scalable solutions, which offer robust functionality without the complexity of highly specialized tools.
For firms with 150 to 349 lawyers, Litera has strong traction, with 56% considering us for a platform approach. This segment often requires a balance of advanced functionality and ease of use, which Litera’s tools deliver, especially through our integrated document drafting solutions that simplify workflows. Similarly, among firms with 350 to 699 lawyers, 44% recognize Litera as a valuable option, further emphasizing that our platform scales effectively for firms that handle high document volume and need seamless collaboration tools.
In larger firms with 700 or more lawyers, Litera remains competitive, with 54% considering our platform approach. Litera’s strong presence underscores our ability to support the document and knowledge management needs of large-scale operations. The survey reveals that Litera is chosen by a diverse range of firms, illustrating our flexibility and capability to meet the needs of firms at different stages of growth and specialization. This adaptability across sizes showcases Litera as a versatile platform that legal professionals trust to enhance productivity, regardless of firm scale.
Why Litera for the Enterprise?
Choosing Litera for your enterprise offers numerous benefits, making it a top choice for firms:
- Proven Industry Trust and Adoption
- Trusted by 75% of the legal industry, with over 2.3 million professionals using Litera, demonstrating its credibility and widespread acceptance
- By choosing Litera, firms align with a solution already validated by a large segment of the legal community, providing reassurance of quality and effectiveness
- Significant Time Savings for Legal Teams
- Offers over 30% time savings for legal teams, streamlining workflows and reducing the time spent on repetitive tasks
- This efficiency allows professionals to focus more on strategic, high-value work, enhancing productivity and client satisfaction
- High-Level Security and Compliance
- Compliant with global security standards, including SOC 2 Type II and ISO 27001, ensuring robust data protection and regulatory compliance
- This security focus makes Litera a trusted choice for handling sensitive legal information, meeting both internal and industry requirements
- Easy Installation and Rapid ROI
- Tools are easy to install, offering nearly instant time-to-value, so teams can quickly integrate Litera with minimal disruption
- Firms can rapidly realize the benefits, enabling a smooth transition and quick return on investment
- Cost-Effective and Scalable Solutions
- Provides scalable tools that grow with the firm, adaptable to meet changing needs without incurring excessive costs
- This cost-effectiveness ensures long-term value, making Litera an ideal partner for both current and future growth
These features make Litera a powerful choice for legal enterprises looking for a reliable, efficient, and secure solution that can adapt to their evolving needs.
The Benefits of Litera Draft
With Litera Draft, legal professionals are empowered to:
- Create Documents 85% Faster: Efficiently create high-quality first drafts with enterprise-approved templates and a content library
- Proofread, Style, and Repair with Ease: Enable legal professionals to deliver high-quality documents with seamless proofreading, styling, and document repair
- Collaborate Securely to Compare, Clean, and Share Documents: Take document collaboration to the next level by easily comparing document versions in seconds, cleaning risky metadata, and sharing encrypted documents
Litera’s upcoming GenAI and SaaS advancements to Litera Draft promise to further transform the legal industry by enhancing productivity, accessibility, and innovation. A unified, cohesive experience is just around the corner.
To learn more about how our Drafting solutions can empower firms and legal professionals, including CIOs, download our whitepaper.
