Critical Intelligence at Lawyers’ Fingertips: Transforming Document Drafting with Firm Knowledge
Managing and distributing knowledge has always posed a challenge for the legal industry. Lawyers often grapple with accessing the right information at the right time and place, which is essential for delivering exceptional client service. This is a question the industry has been working to solve for decades.
While strides have been made—thanks to collaboration among law firms, legal departments, and technology vendors—the challenge persists. Professionals still spend an excessive amount of time searching for the information they need. From wading through countless emails to scouring document management systems (DMS) and other repositories, the inefficiency eats away at time better spent serving clients and adding value to the business.
In fact, according to IDC research, professionals spend an average of 20 hours per week manually searching for and gathering information—a staggering statistic in an era of advanced technology.
How Law Firms and Legal Departments Can Leverage Tech for KM Success in Drafting
Law firms and legal departments can overcome these inefficiencies by adopting smarter knowledge management (KM) strategies and leveraging cutting-edge technology to drive document drafting. Here’s how:
Meet Lawyers Where They Work
The key to effective KM lies in integrating tools into the platforms lawyers already use. Instead of introducing new tools that require them to adapt or leave their preferred systems, successful solutions should seamlessly embed into platforms like Microsoft Word, Outlook, Teams, or others. This approach reduces friction and ensures lawyers can access critical information without disrupting their workflows.
Connect Data Across Systems
Law firms and legal departments rely on multiple systems to store their knowledge—from DMS to client and matter management platforms. However, these siloed repositories make it challenging to gain a complete view of clients, matters, and deal points. Connecting these systems into a unified ecosystem is crucial for providing a holistic perspective, enabling lawyers to deliver superior service and negotiate optimal outcomes.
How Litera is Transforming Experience for the Legal Industry
Litera is leading the charge in transforming the legal KM and drafting landscapes with innovative tools and technologies that unlock knowledge, streamline workflows, and deliver critical intelligence wherever lawyers work.
Bringing New Tools to Market to Extract and Distribute Knowledge
Litera empowers lawyers to unlock knowledge and experience across data silos with innovative new technology.
- Foundation Dragon (Available Now): Answer complex legal questions, such as “what’s market?” in seconds with the power of GenAI
- Foundation Insights (in Beta): Revolutionize firm knowledge search with an intuitive interface to ask natural language questions and get precise actionable answers
“Dragon has really helped us with collecting 30-40 different data points rather than the five or six that we've been able to do. It's really expedited the data that we have available to us," Cindy Thurston Bare, Chief Data and Innovation Officer, Frost Brown Todd.
Reimagining Today’s Workflows for a Modern, Intuitive Experience
GenAI is enabling Litera to reimagine the way lawyers draft documents today and provide new capabilities that further enhance productivity and document quality.
Our innovation is focusing on providing end-to-end smart drafting that meets lawyers where they work and delivers critical knowledge and experience in Word and Outlook via GenAI workflows.
- Imagining New Workflows with the Power of GenAI
Litera is imagining new ways to empower lawyers to work smarter with GenAI. As lawyers navigate the Microsoft ecosystem, Litera is looking to leverage the deep partnership we have with Microsoft to enable lawyers to instantly engage with Litera tools beyond proprietary interfaces and in M365 Copilot plugins, accessing critical intelligence wherever they are. - Litera Search (in Beta): Revolutionize firm knowledge search with an intuitive interface to ask natural language questions and get precise actionable answers
- Drafting Copilot Plugins (Coming soon): Empower lawyers to proofread, review, and compare documents from the comfort of M365 Copilot
Litera Add-In for Word and Outlook: A Unified Drafting Experience
For over a decade, Litera has been an experienced leader in trusted AI innovation with tools like Kira, Contract Companion, and Clocktimizer. Today, Litera is harnessing the power of generative AI (GenAI) to transform the legal experience with tools like Foundation and Foundation Dragon.
At the heart of Litera’s innovation is the Litera Add-In for Word and Outlook interface (coming soon), which integrates the tools lawyers love into a unified interface with workflows powered by GenAI. By connecting disparate firm systems and Litera tools, the ecosystem delivers critical intelligence directly within lawyers’ preferred platforms—Word, Outlook, the web, and even third-party integrations.
Litera Add-In represents the first ecosystem of its caliber, offering:
- A Connected Data Experience: Providing critical insights from Litera tools and firm systems like the DMS
- Faster, More Accurate Drafting: Enabling lawyers to draft with reimagined GenAI workflows and access to firm knowledge wherever lawyers work
- Reduced Manual Curation: Automating efforts to surface relevant knowledge and experience data
Litera is actively working with beta customers from leading global law firms to refine and deliver solutions tailored to real-world needs, ensuring intuitiveness for end users and ease of management for IT teams.
Don’t miss out – experience the innovation and join the waitlist now! And, if you’re ready to witness the power of Foundation and Foundation Dragon, schedule a demo with one of our experts today.
