Litera Governance Solutions and the Five Pillars of CAM: A Webinar
Law firms operate in distributed environments. Their employees are distributed geographically, and the tools and data they use are often spread across multiple systems containing critical documents and hosting important collaborations and processes. Information Governance is the set of tools and processes used to manage that data and ensure that access to the firm's data...
Legal
CAM
Firm Governance
ILTA Technology Survey 2022 Tracks What Firms are Buying – Not Why
The annual ILTA Technology Survey is one of the more comprehensive tech surveys out there – in a way. It targets law firm CIOs and helps them answer the most common question a CIO gets from firm management: What are other firms doing? What's the trend in adopting specific types of technologies and products? Law firm leaders are notoriously concerned about what peers and...
Legal
Technology
Clocktimizer
Kira
Litera eBook: A Practical, Step-by-Step Guide to the iManage COM API Solutions End-of-Life
Organizations using COM API solutions will soon need to transition their firms to iManage’s Work 10 on-premises solution or iManage Cloud. Many Litera customers will have to make this transition, so we have created a thorough guide to the change, and the decisions firms will face along the way. The eBook, Let Us Guide You Through iManage COM API Solutions EOL will help...
Legal
Technology
CAM
Firm Governance
The Five Pillars of CAM: Govern Data Across Systems
In the past few years, many project and relationship-based organizations have been forced to shift to remote or hybrid working. This has increased reliance on virtual collaboration systems such as Microsoft Teams. Platforms like Teams are best suited to allow the necessary collaboration on hundreds or thousands of projects, relationships, matters, and engagements –...
CAM
Firm Governance
Work Allocation and Utilization Forecasting Software Specifically Designed for Accounting Firms
Allocation: Work assignment scheduling and project management. Utilization: Availability and time tracking with portfolio snapshots. Reporting: Pictographs of incurred and future hours with diversity distribution. DEI: Diversity, Equity and Inclusion emphasis to avoid unconscious bias
Firm Performance
Talent & HR
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