#ContractNegotiations can take up a lot of time, automating #ContractNegotiation steps where possible allows you to focus more on #ContractLifecycleManagement strategy. You’ve got yourself a deal!

Define #ContractNegotiation and how #LegalTechnology can empower #ContractManagement processes with internal and external stakeholders.

Read here: https://www.cobblestonesoftware.com/blog/what-is-contract-negotiation-and-how-can-legal-technology-help

#CobbleStoneSoftware #ContractManagementSoftware #Contracts #Contract #CotnractManager #ContractsManager #BusinessRelationships #Contracting #ContractNegotiations #NegotiationTips #InHouseCounsel #CLM #ContractLifecycleManagement #ContractAdministration #ContractAdministrator #ContractAdministrators

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Experience legal staffing made easy with our specialized services designed for law firms and enterprise clients. Whether you’re looking to solve complex case demands, staff unwieldy matters on demand, or grow your firm by filling in legal staffing gaps, we’ve got you covered. Say goodbye to the burden of finding the right legal pros with our efficient, on-point solutions.

Join us at Legalweek at booth#3015, and we will get the monkey off your back!

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Increasing investment in legal technology shows no signs of slowing down. In the Association of Corporate Counsel’s (ACC) 2023 Legal Technology Report, 78% of the respondents called legal technology a “must-have” and 2022 research from Gartner predicted technology will make up 12% of the average legal department’s budget by 2025. And while legal technology offerings like contract lifecycle management and e-billing often top the lists of most-used technologies, more and more legal departments are looking to outside counsel management tools.

That’s why we created an innovative outside counsel decision-making platform that empowers legal teams to make more confident hiring decisions when it comes to their outside counsel, preferred panels and law firm relationships. Scout uses artificial intelligence (AI) to do the heavy lifting to collect, structure and analyze law firm data, allowing legal operations professionals and in-house counsel to spend more time assessing key information and making decisions that provide ROI.

HOW DOES IT WORK?

Scout uses AI to quickly collect and analyze data from disparate sources, structuring it in a way that makes it easily searchable and digestible. For legal departments dealing with the growing pains of managing unstructured data, Scout can take that data in its current disorganized state, organize it and make it actionable.

After structuring the data, Scout puts all of the key information corporate legal departments need to make outside counsel decisions at their fingertips. The platform centralizes data in an intuitive user interface, making it easy to search, track, and review everything you need to make the right decision, whether that is information on expertise, experience, performance, locations, certifications (e.g., diversity) or anything else.

WHY BETTER OUTSIDE COUNSEL DATA MATTERS

Better data improves decision-making. This has been known in the business world for years. The largest companies in the world use data to make decisions that create more value, from determining where the next Starbucks location should be to improving training programs for Google employees.

Whether your legal team is in the initial stages of leveraging data for better decision-making or you already have a robust process, improving your outside counsel and legal services provider data makes an immediate impact on the business. Over $700 billion is spent every year on legal services across the globe and, chances are, a significant chunk of that legal spend could be optimized if the legal operations professionals and in-house counsel responsible for it had more insight into their options.

BENEFITS OF “DECISION-GRADE” OUTSIDE COUNSEL DATA

Legal departments at companies as large as the Fortune 10 use Scout to take their outside counsel data and make it “decision-grade.” What does that mean? It means by structuring outside counsel relationship data and bringing it into one intuitive platform, legal teams can confidently align their hiring and legal spend decisions with their organization’s goals, and spend less time doing it.

The benefits of using Scout to make your data “decision-grade” include:

Centralizing key information about outside counsel relationships. Law departments can get as granular as they like with data points, including combining information from billing systems, expertise and experience data, internal reviews and more. All of this data is searchable for law department users in Scout’s easy-to-use interface.

Clearly surfacing impactful data, such as performance reviews. Scout enables and tracks internal reviews of attorneys and firms, presenting them in a clear visual interface that can be understood at a glance. Additionally, users can build their own structured review process in the platform, ensuring important performance data is recorded at regular intervals, preserving institutional knowledge and improving future decision-making.

Quickly finding best-fit firms for new matters. Being able to compare factors such as expertise, location, rates, past performance and any other data points that are important to your legal team means you don’t have to go digging through spreadsheets and disparate systems to find the right provider for your next project. Beyond optimizing legal spend, companies can also align their hiring with important internal initiatives (e.g., finding law firms with diversity or environmental certifications).

THE IMPACT OF BETTER OUTSIDE COUNSEL DECISION-MAKING

Large companies use Scout to achieve their outside counsel hiring goals. As an early adopter, Hearst’s legal department finds that the platform helps them “more quickly and effectively identify the attorneys it needs for external legal work,” according to Legal Dive. In addition to finding the right fit for their new matters, Hearst also uses it to bolster other legal department initiatives, such as their outside counsel rate review process and diversity, equity and inclusion goals. The team also found that implementing Scout saved them an estimated 325 hours annually—roughly two months of work for a full-time employee.

And, while cost savings were not the primary goal of their Scout implementation, both An Trotter, Senior Director of Operations in Hearst’s Office of the General Counsel, and Jessica Williams, former Senior Operations Manager (who recently moved to FanDuel as Director of Legal Team Strategy and Operations), agreed that it’s helpful for that goal. “The sooner you’re getting lawyers on a case and the sooner you’re getting them integrated into that case, the better your end results are going to be,” Williams explained.

If you’re curious how you can supercharge your outside counsel data collection and analysis project with an AI-enhanced platform like Scout, request a demo.

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At CounselX, we carefully listen to your unique needs and aspirations, showing our dedication to solve your three hard problems:

Facilitating Enterprise Client and Law firms: Connecting enterprise clients with specialized legal talent for efficient outsourcing of specific legal tasks. This is me: https://shorturl.at/ctELY

Supporting Legal Professionals: Offering a platform for legal experts to find flexible, additional work opportunities that utilize their skills and experience. This is me: https://shorturl.at/eqsAD

Empowering Startups: Providing subscription-based legal services to help startups establish strong legal foundations and focus on growth through on-going support. This is me: https://shorturl.at/asKOT

Don’t forget to meet us at Legalweek!

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The landscape of legal content management is transforming thanks to advancements in artificial intelligence (AI). Burdened by the immense volumes of sensitive data they handle daily, legal entities find respite in AI-driven solutions for managing Personally Identifiable Information (PII). Learn how Accusoft enhances Legal software technologies with AI-powered API integrations from its flagship product, PrizmDoc.

Click for article.

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Legal101 — to connect, communicate, and collaborate

Legal101 is on the go mobile-ready intranet platform, which empowers law firms to accelerate employee productivity, enhance communication and workplace efficiency. The platform enables attorneys and practitioners to stay connected and informed with law firms’ updates.

Legal101 Highlights

Lawyer Dashboard

Actionable Alerts

My Favorite Links / My Tools

Firm News and Newsletter System

Firm / Department / Office Calendar system

Firm Directory

Guided Search Experience

Search Results

Watch more> https://www.youtube.com/watch?v=IEDHT6xNHks

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The team at Rosen Law was no stranger to getting legal contracts signed using eSignatures at their law firm. But, they were looking for a better solution to replace their current DocuSign agreement. They wanted something that would be cost-effective, play well with their other systems, and could operate without pesky third-party tools. And it needed to work for all of the document and contract processes that powered their firm. That’s when they found Docubee.

Learn about their success in this case study.

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A Q&A with Matt Wheatley, VP of Client Development at Priori

Matt Wheatley, VP of Client Development at Priori, has a unique perspective on alternative career paths for attorneys: Not only did he take one himself, starting his career practicing law and eventually moving into legal staffing and now business development at Priori, but he has also spent years working with attorneys and helping them pursue paths outside of the traditional model. In this Q&A, Matt shares some career advice for legal professionals looking to explore all of their options and reflects on his experiences as a practicing and nonpracticing lawyer.

The traditional legal career path can be limiting for many people, but it’s also a known quantity so it feels safe to follow. Looking back at your experience in law school, how do you think people can start to explore alternative legal career paths?

I think the reality is a lot of 22-year-olds are not thinking intentionally about law school. I went to law school because it seemed like the next logical step. Now, with the experience I have, there are a few things I would say that potential law students should do.

We should take a page from what most people who get their MBA do: They get real-world practical experience before they apply to go to business school. There are existing paths for people to take that approach in the legal industry. You can be a paralegal. There are programs for people who have just graduated, typically from top-notch undergrads, to go and work at the top firms and get a couple of years of experience while they decide whether or not to go to law school.

While that may not be feasible for the kid who went to University of Kentucky, like me, or another big state school that may not have the prestige to draw an offer from a big firm out of undergrad, there are other options too. You could work in a local law firm which very likely could be a litigation practice and you’ll get to see what that looks like.

And, increasingly, there’s an opportunity to work as a legal operations professional out of school. For example, getting a job as a legal ops coordinator at a medium or large-sized company that is starting to think more intentionally about how they run their legal department. Another option is to work at a legaltech company like Priori. Our Attorney Network team has been a feeder to lots of great law schools. They’re interacting with lawyers and getting to see what their life looks like and their quality of life and earning potential.

And, ultimately, you may find you don’t want to go to law school. You can be a legal operations professional or a corporate paralegal and make a great living just by staying on that path. So you can be in legal with or without your law degree.

You started off on a traditional legal career path but then went an alternative route. What made you pursue that path?

I almost went to work at a big legal recruiting firm right out of law school. But one of the people I met there during the recruiting process gave me some advice and said that I should take the opportunity to get some practice experience. He didn’t want me to jump into recruiting and a few years later be wondering whether I would have been happier as a practicing lawyer. At the time, I didn’t really care about being a practicing lawyer; I just wanted to live in New York. But I took that advice to heart even though I didn’t want to and I practiced for about a year and a half after law school.

I kept in touch with the person who gave me that advice and eventually they reached out again to revisit the conversation. As a lawyer, I wasn’t unhappy—I was doing some interesting things—but I still wanted to move to New York and I was in a better place financially and with my personal relationships to make the move. I certainly didn’t know that I was moving into something that could be just as fulfilling as a legal career can be, but I got lucky. I also ended up working under someone who was a fantastic mentor and boss and I was surrounded by other great people at the company.

What brought you to Priori?

Working in legal staffing around that time, in 2017, was a far cry from what it is today. It wasn’t as widely accepted in the legal industry and it was still growing. But by 2019, things were really taking off and people in the legal industry were thinking more about how to get work done more efficiently without adding headcount or sending work to large law firms. It started to click for me—what I was doing wasn’t legal staffing, it was helping people and law departments get work done more efficiently at better rates using different models than they previously had access to.

I started to nerd out on this idea and I wanted to be part of something on the cutting edge of this new environment, particularly something that was tech-enabled. I saw how technology was revolutionizing all of these different industries but it wasn’t as dominant in the legal world. That’s when I found Priori and reached out to Basha [Rubin, Priori CEO and Co-Founder,] on LinkedIn. She didn’t respond immediately, but by the time she shot me a message back I had seen more of the news about Priori growing and raising money. I met with her and the rest of the team and decided to join the company.

My move to Priori was kind of the first intentional move of my career. I thought, there is a ton of opportunity in this space and these people are really smart. I’m really thankful for the experience that I serendipitously gained at my previous job and how it forced me to grow because that set me up perfectly to be a part of Priori.

What has been the biggest surprise for you in taking an alternative career path as an attorney?

The biggest surprise for me is being at Priori and seeing that there is so much opportunity in the legal industry that’s not just following this traditional path that I had always looked for in the past. That path was: top law school, top law firm, in-house experience and available for 40-plus hours a week dedicated to a company.

What has been super motivating for me at Priori is to see that there are so many different paths that you can take in this industry that you don’t see every day. You might not see them on LinkedIn or when you’re looking at the background of the general counsel at a Fortune 500 company or an AmLaw 50 law firm partner.

You can go to a Big Law firm, you can get in-house experience and then you can hang up a shingle and be a solo practitioner and make really good money for yourself using the skills that you’ve learned. You can not go to a Big Law firm; you can not go to a law firm at all. You can start a data privacy consulting firm. You can go straight in-house at a tech company and start negotiating commercial contracts. If you can find the right niche and develop the right expertise, there is an opportunity for you to do really well.

There’s no path you have to follow, despite how it sometimes seems in the industry. You’re not doomed if you’re not following exactly what you’ve been told you need to follow because of the pristine examples that you’ve seen in the upper echelons of the industry. That’s been motivating for me working at Priori and seeing people who have taken those paths and helping to facilitate those paths. I have the opportunity to do that in a way I never would have in my previous role and certainly not as a practicing lawyer.

Follow Matt on LinkedIn for more insights into legal industry careers, how technology is changing the legal industry and much more. And if you’re interested in learning more about how Priori helps legal teams of all sizes work more efficiently, find out how it works or start an RFP today.

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imDocShare is an innovative solution to conveniently live view, edit, search and sync iManage Work Server 10.2+ & iManage Cloud content within Microsoft SharePoint, Microsoft OneDrive for Business, and Microsoft Teams.

The key Add-Ons of imDocShare

imDocShare One Teams app

imDocShare Teams app allows users to Live–View, Add, Edit, Search, and Sync any iManage Work Server 10.2+ (or iManage Cloud) content in Microsoft Teams as a personal app or Channel Tab.

Users can reference & insert document cards from iManage in Teams’ Conversations (Post), Save Microsoft Teams Channel Conversation Thread selectively to iManage and ensure Content Governance and Compliance

imDocShare Sync

imDocShare Sync allows users to automatically perform bi-directional/one-way sync of everything or selected folders/files, including metadata fields, between SharePoint, Teams Files, OneDrive Libraries, and iManage Workspaces/folder.

imDocShare Hybrid Search

imDocShare Hybrid Search provides the ability to Search multiple iManage and SharePoint content sources from one single integrated search interface in SharePoint.

imDocShare Content Browser

imDocShare Content Browser provides the ability to look up and reference any iManage content sources with your .NET, PHP, Java, or Full Stack web app.

imDocShare Attach

imDocShare Attach provides the ability to look up and link iManage documents within SharePoint List and Document Libraries.

Co-Authoring using Office Client

Users can co-author Office (version 2013 or above) documents saved in iManage right within SharePoint & Teams using Office Client like Word, Excel on their laptop.

imDocShare Admin

Users can centrally manage and enforce imDocShare Settings, including enable/disable/default-value setup of properties that can be otherwise modified by Page Admins in SharePoint WebParts and Users in Microsoft Teams’ Channel Tab.

Watch more> https://www.youtube.com/watch?v=tAzHr2F3ztc

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Litify has been selected as Overall Practice Management Solution Provider of the Year — for the second year in a row! — in this year’s fourth-annual LegalTech Breakthrough Awards. This prestigious awards program recognizes innovative companies, products, and services supporting the legal industry. Litify is one of the award-winning companies selected from more than 1,500 nominations across over 12 different countries!

Why was Litify selected?

Litify offers a premier practice management solution for law firms and a modern enterprise legal management solution for in-house legal teams. Our configurable practice management solution delivers a personalized work experience for every case type and role within a law firm — all on one platform.

Our solutions come complete with the capabilities law firms need, including matter management, document management and generation, intakes, timekeeping, and much more. Plus, the Litify platform is built on an open infrastructure, enabling firms to integrate and centralize their systems and data.

The platform’s power lies in our real-time reporting and interactive dashboards, enabling law firms to run their practices more efficiently and drive better legal outcomes and client experiences. For full service law firms, Litify helps leaders to showcase matter progression and historical results to drive repeatable business based on performance rather than price. Plaintiff firms leverage Litify to streamline and automate intake and case workflows while using predictive analytics to pair their best attorneys with the highest potential value cases.

What Litify CEO Curtis Brewer had to say:

We’re pleased to accept the Overall Practice Management Solution Provider of the Year award from LegalTech Breakthrough again this year. This win signals that the industry continues to shift toward a unified platform strategy, where multiple applications are available through one platform — and one login.

I continue to be impressed by our clients’ growth and success after switching to a centralized solution like Litify. The end-to-end capabilities of our platform help their teams operate more efficiently by harnessing the power of automated workflows that are configured to each case type and each team member.

As we look ahead to 2024, we’re eager to continue innovating on our single-platform approach and exploring the next-generation applications of artificial intelligence and predictive analytics that will further up-level the entire legal process.

What are the LegalTech Breakthrough Awards?

LegalTech Breakthrough Awards are conducted by LegalTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout legal technology companies, products, and services around the globe. The mission of their annual program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions, and products in the legal technology industry today.

“Litify is a powerful platform and novel business approach that helps to usher the industry forward into a new way of working. Practice management encompasses a broad umbrella of functions, however, even in the 21st-century firms rely on multiple point systems which results in silos, manual work, and non-automated data,” said Bryan Vaughn, Managing Director of LegalTech Breakthrough Awards. “With Litify, gone are the days of fragmented systems and rigid workflows. Litify has perfected the way to deliver software that’s unique to each firm while still serving the needs of the broader industry.”

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