The Unexpected Benefits of AI in Transactional Law
AI is crucial to the future of law, and there is a powerful practicality that comes with embracing this technology in legal work. Exciting career options and the creation of actionable metrics based on firmwide data have emerged as law firms of all sizes continue to modernize.
Artificial Intelligence
Workflow
Legal Professionals
Legal Work
Transact
The War on Talent Attrition Has Just Begun
By Pieter van der Hoeven, Senior Director, Business Development, Litera Part of a series of articles from Litera leaders on themes related to the ILTACON 2022 event. It's no secret that law firms face enormous challenges in finding and retaining enough talent to keep up with the demand for their services. In 2021, law firms had an average attrition rate of 26%, according...
Talent & HR
Many-to-One Document Reviews: The Current Tedious Process and The Role of Technology in Improving It
Legal work is collaborative. Documents go through multiple parties and revisions, transforming from raw drafts into final forms for the client's eyes. The original drafter – the one responsible for delivering the document - has an arduous journey ahead once the first draft is sent for review. They receive multiple versions of the same document with comments, changes...
Drafting
Litera acquires talent management software, Micron Systems Inc.
CHICAGO – August 16, 2022 – Litera, a global leader in legal technology solutions, announced today it had acquired Micron Systems Inc., a leading developer of talent management software for the legal and accounting professions. With the acquisition, Litera expands its solution set and reinforces a commitment to solving one of the most pervasive challenges facing the legal...
Talent & HR
Second Product Release Updates: Enabling a Smart, Integrated, and Flexible Document Drafting Experience
The first half of 2022 has passed in the blink of an eye, and it's time for our second Drafting product release. Litera Drafting is a suite of products designed to empower lawyers and legal professionals to draft smarter. Using the Drafting components – Create, Check, Collaborate, and Publish – you can get to a first and final draft quicker with accurate, firm-approved...
Drafting
Compare
Create
Metadact
The Five Pillars of CAM: Protect Your Organization’s Data
The explosion of hybrid work over the past few years has seen industries digitize at an unprecedented rate. While this has led to opportunities for innovation, it has also produced data chaos and cybersecurity risks. Cyberattacks are inevitable. While you may not always be able to prevent a data incident, you can take steps to ensure that your organization is protected...
CAM
Firm Governance
Litera acquires BigSquare, a top financial and business intelligence provider
CHICAGO – August 10, 2022 – Litera, a global leader in legal technology solutions, announced today it had acquired BigSquare, a top provider of financial and business intelligence (BI) to law firms. Adding BigSquare to the Litera solutions portfolio will empower law firms to make better financial decisions with instant access to financial data and insights. BigSquare's BI...
BigSquare
Finance
Accuracy, Consistency, Structure: 3 Ways Automation Helps Legal Professionals Draft Better Documents
Sixty-five percent of legal professionals admit to being under enormous time and client pressure. Clients are looking for quality services at affordable costs, so legal professionals try to deliver work as quickly as possible, sometimes sacrificing document proofreading and reviewing in the process. In fact, one in three legal professionals skip document proofreading...
Drafting
Legal
Check
Legal Professionals
Legal Work
How Litera’s Technology Integrations Solve the Challenges of Drafting Legal Documents
When users have to access multiple tools or technologies to finish a single project — like drafting and finalizing a document — their attention is constantly divided. They must remember which sub-task comes next and which program or application they need to execute that sub-task. Every time users switch tabs or windows to access a different app, they must remember where...
Drafting
The 5 Pillars of CAM: Classify Your Projects with Custom Metadata
The last few years have seen organizations adopt a plethora of new collaboration platforms as they've adapted to the new hybrid work model. Through systems like Microsoft Teams and the DMS, organizations are collaborating across borders and time zones like never before. However, this explosion of hybrid work has also spawned an immense amount of data chaos. As...
Legal
CAM
Firm Governance
The Five Pillars of CAM: Why is Provisioning Key for Your Organization?
The last few years have seen rapid change and growth around the world, as organizations have turned to advancements in technology to help their teams work, collaborate, and succeed in a hybrid environment. Working across screens, time-zones, and cultures, organizations must continue to leverage technology in order to maintain this new normal. While the growth of technology...
Legal
Technology
CAM
Firm Governance
Everything You Need to Know About Litera’s Governance Solutions
Earlier this year, Litera entered into a definitive agreement to acquire Prosperoware, an enterprise software company for the adoption and governance of collaboration systems. This move brings the best solutions and high-level thought-leadership to our esteemed clients and partners. The acquisition of Prosperoware gives Litera a full-fledged platform of governance...
Legal
Technology
Firm Governance
CAM Helps Media & Entertainment Company Build Deeper Relationships Between People and Projects
Overview Before moving to the iManage Cloud, our customer was on the iManage on-premises environment for their DMS. During this time, they were using Milan for workspace management and provisioning. As they moved to the iManage Cloud, they simultaneously decided to switch from Milan to CAM since, by 2023, the only tools iManage will support need to integrate with their...
CAM
Firm Governance
CAM offers Shepherd and Wedderburn the granularity they were seeking across departments.
Overview Ahead of a planned migration to the iManage Cloud, Shepherd & Wedderburn found themselves in need of a solution that provides granular provisioning capabilities. “We plan up to move our iManage on-premises environment to the iManage Cloud so we were keen to have a product that was integrated into that and would serve us well for several years,” says Steve...
CAM
Firm Governance
Benefits of the Litera Create Architecture
Litera Create is a services-based version of the legacy desktop template and content application. As the successor to Forte, Innova, and Clause Companion - Litera Create’s service architecture moves the burden of document creation out of Word and off the desktop. This new web architecture takes advantage of containerization.
Drafting
Create
What’s New In CAM
Modern collaboration has taken a different form and with it many challenges have arisen. Organizations are strategizing on how they can transform their digital collaboration while addressing their privacy and governance challenges. That’s where Litera CAM comes in. A Software-as-a-Service platform (SaaS), serving as the “missing layer” of provisioning and governance to...
Firm Governance