Cost-Saving Strategies for In-House Legal Departments: Staffing and Work Assessment

If you’re involved with budgeting for a corporate legal department, chances are cost savings are on your mind. In light of the continuing economic uncertainty, your company may be looking at many different options to manage spend and reduce risk.

In this three-part article series, we’re covering key cost-saving strategies that legal departments should be looking at to protect the bottom line. During our recent webinar, Basha Rubin, Co-Founder and CEO at Priori, Stephanie Wilkins, Editor-in-Chief at Legaltech News, and Carol Hopperton, Legal Chief of Staff at Vonage, discussed these strategies and provided insight into their potential impact for members of in-house legal departments, including in-house lawyers and legal operations professionals. In this article you’ll learn about the importance of staffing and work assessment, and the best practices for achieving cost savings. (You can also read Part 2 on panel management.)

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Blue Car Technologies’ Price Match Guarantee

Blue Car Technologies is pleased to offer a price match guarantee on like-for-like product functionality for their DocuSign Connector for iManage Work and DMS Archiver for iManage Work.

Click to learn more about the price match guarantee.

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Digital Transformation Disruptor Cyferd Ltd. Acquires Tetrakursio

Cyferd is delighted to announce its recent acquisition of Tetrakursio, a Spain-based company that specializes in a recursive engine to streamline the language between microservices to scale. As the company’s first-ever acquisition, coming only a year after its launch, Cyferd is excited to be bringing on a technology that enables easier user-defined workflows and automation.

So, what does this mean for Cyferd? The company hopes to use Tetrakursio’s ‘T-ReX’ engine in the quest for effective agile digital transformation through accelerating the development of microservice architecture. Tetrakursio’s mission aims to make developers’ lives easier by using recursion (the process of one value relying on its predecessor to perform operations) to enable automated workflows.

Nacho Bibián, Director at Tetrakursio, is excited to be able to use the recursive engine to help achieve breakthroughs in digital transformation.

“Microservices are the fundamental building blocks of any platform,” Bibián notes. “In order to break a huge program down into multiple microservices, you have to address all the potential questions that can surface: how do these services interact with each other? How do they interact with the wider program network?”

Previously, organizations had to deal with a program that was difficult to maintain and ‘break down’ into microservices, argues Bibián. With Tetrakursio, organizations can transform from a long and difficult journey to one that’s almost instantaneous.

Meanwhile, the Cyferd Platform takes a unique approach to data-focused digital transformation by tackling the problem of data fragmentation and data silos at the source. The platform enables users to create scalable, secure business applications in the cloud without the requirement for coding, accelerating digital business transformation. With Cyferd, users can reap the benefits of cloud minus the complexity and reduce the barriers to business innovation.

“The timeline for this acquisition is astonishing,” Ranjit Bahia, founder, and CEO of Cyferd, notes. “In just under one year, we’ve gone from launching ourselves as a company to building out and taking on additional teams. We’re excited to see how Tetrakursio helps emphasize Cyferd’s ‘low work’ mission.”

Cyferd has already drawn up plans for the incorporation of the ‘T-ReX’ engine into the Cyferd Platform, where customers of the platform will be able to create business applications in a fraction of the time it would previously take.

For more information, you can find out more information about Cyferd here and Tetrakursio here.

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Collaboration with an MSP helps legal businesses to deploy faster new technology solutions, eliminate cybersecurity threads and increase profitability.

Top Challenges for Legal Companies when Dealing with Technology and What has changed

One of the most significant changes is the evolving legal landscape, which has impacted how law firms need to consider their relationship with technology. Legal companies must now consider various factors, including the need for secure communication that cannot become a subject of cyber-attacks, data loss, and more. Additionally, a stable online presence has become essential as more and more law companies generate their clients online, and everything is going digital. Clients now prefer online consultations and need an online space to store their confidential data. As a result, legal companies must adapt to these changes to remain competitive and meet the needs of their clients.

Cyber-security: As the number and sophistication of cyber-crimes continue to grow, the threat to businesses is increasingly growing. Law firms are particularly vulnerable to such threats due to the sensitive and valuable data they manage and the outdated cyber-security systems that many firms in the sector still employ. Cyber-security requires extensive, long-term investment into your IT infrastructure and cyber-security staff. This may be especially difficult for smaller law firms that might not have the necessary resources to provide adequate protection. MSPs can help law firms by providing a secure cloud to store and protect their data from cyber threats.

Clients’ data protection: Client expectations around data protection are also increasing. Clients are becoming more aware of the risks of having their confidential information reside on an attorney’s unprotected computer. Law firms must create protection policies that secure client data, which can be easy to do with the right tools. However, it is practically impossible if things aren’t set up correctly.

Law professionals expect a hybrid/remote model: The ability to work from anywhere is powerful, and it is also seen as something of a perq by attorneys. Today’s remote staff, need the same environment, whether in the office or remotely. Technology complexity should not distract them from the billable business. Even recruiters must have a story ready to sell potential new hires on how efficiently and effectively the firm’s IT infrastructure supports their ability to work remotely.

Compliance: Compliance is a significant challenge for law companies due to the constantly changing legal and regulatory environment. As new laws and regulations are introduced, law firms must ensure they meet all compliance requirements. This can be daunting, especially for firms operating in multiple jurisdictions with varying regulations. Additionally, the growing use of technology in legal services has increased the risk of data breaches and cyber attacks, making compliance even more crucial. To stay compliant, law firms must adopt modern technology and digital workplace solutions tailored to regulations and meet the needs of lawyers and clients. These innovative solutions ensure the secure exchange and storage of data and facilitate smooth communication between firm professionals and clients to enable more effective collaboration.

Click to continue reading.

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Cyferd Unveils Brand-New US Office at Coveted Rockefeller Plaza Location

The Office Opening Marks an Exciting Chapter in the Digital Transformation Startup’s US Expansion

(PRUnderground) December 15th, 2021

Last week Cyferd, the company behind the new agile digital transformation platform, officially finalized a deal to open an office in New York City. The office, which will be located at the iconic 1 Rockefeller Plaza address, will be Cyferd’s first foray into the US market.

The Art Deco building, which was previously home to organizations such as Time Inc, the Museum of Modern Art, and the Girl Scouts of the USA, will be the first of Cyferd’s American locations and will primarily host business executives. Rockefeller Plaza sits in Manhattan’s Midtown, close to iconic landmarks like the Empire State Building, the Flatiron Building, and Grand Central Terminal. Another office, designed for Cyferd’s technology development team, is expected to open in the city later in 2022.

According to a Cyferd leadership source, having an expanded presence in both Europe and the North America reflects the long-term visions of company growth predicated to occur. The opening of the new office will mark a shift in Cyferd’s outlook for the future, according to CEO Ranjit Bahia.

“This now means that we’ll be able to make a start recruiting our first US employees and expand our journey,” Bahia says. “This past year has shown exponential growth, and we’re excited for this milestone to mark the start of our American adventure.”

The Cyferd platform takes a new and unique approach to data-driven digital transformation by tackling the problem of data fragmentation and data silos at the source. The platform enables users to create scalable, secure business applications in the cloud without the requirement for coding, accelerating digital business transformation. With Cyferd, users can reap the benefits of cloud minus the complexity by using one unified data model and reduce the barriers to business innovation.

For more information on the Cyferd platform, head to our website here or get in contact at greer.ross- mclennan@cyferd.com .

About Cyferd

Cyferd is a next-generation digital transformation company changing the face of digital transformation by building a platform that enables users to create scalable, flexible, and secure business apps in the cloud – all without the requirement for coding. With the Cyferd platform, users can reap the benefits of cloud minus the complexity of development. Take control of your data and create data-driven business applications on top of a unique, unified data model; make it easier than ever to save development costs, reduce time to market, and accelerate frictionless, agile digital transformation.

 

Read more: https://www.digitaljournal.com/pr/cyferd-unveils-brand-new-us-office-at-coveted-rockefeller-plaza-location#ixzz7vrnWpNRw

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eSignatures – a trend or essential tool for law firms?

Along with remote operations, the ability to sign documents on the go and from anywhere has become the ‘new normal’. For many businesses still hesitant to go back to the office, the new level of convenience and consistency that eSignature delivers to document processes has become the standard.

Read Blue Car Technologies’ blog.

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What Can Your Immigration Law Firm Save By Outsourcing?

Legal virtual assistants with bilingual skills help immigration attorneys expedite cases by completing and submitting all forms and documents in a timely manner, communicating with the appropriate government agencies, communicating with clients throughout the process, and preparing for litigation if necessary.

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Differentia Consulting and digital transformation platform provider Cyferd are delighted to announce the signing of their forthcoming go-to-market partnership agreement.

Differentia Consulting and digital transformation platform provider Cyferd are delighted to announce the signing of their forthcoming go-to-market partnership agreement, which was made official today.

Differentia Consulting, the technology-focused BI and ERP consultancy that has specialised in solutions, support, and training in several different fields since 2002, is excited to be moving forward on a new business venture. They aim to help businesses achieve operational excellence, adopt hyper automation strategies, and become more agile.

Cyferd is an agile digital transformation platform that takes a new and unique approach to data-driven digital transformation by tackling the problem of data fragmentation and data silos at the source. The platform enables users to create scalable, secure business applications in the cloud without the requirement for coding, on a unified data layer, accelerating digital business transformation.

The partnership, which aims to make significant gains in solving strategic business issues, such as compliance, will focus on creating a shared solution for streamlined organisational processes. Planned projects include improvements on Environmental, Social, and Governance (ESG) topics, such as net-zero carbon emission targets, as well as Governance, Risk, and Compliance (GRC), including supply chain cyber compliance.

Adrian Parker, Senior VP of Strategy and Marketing at Differentia Consulting, is excited to be working in the agile transformation platform space – where he has extensive previous experience.

“We’re moving forward with Cyferd on facilitating graph-powered digital transformation journeys using digital twins,” Parker notes. “We’re making digital transformation more agile by re-engineering digital processes.”

The partnership is particularly significant due to a shared ethos between the two companies. With the Cyferd platform, users can reap the benefits of cloud minus the complexity by using one unified data model and reduce the barriers to business innovation. This model upends existing methods of digital transformation and positions Cyferd as a disruptor to watch in the tech sphere. Meanwhile, Differentia Consulting has an excellent reputation for enabling organisations to make their operational processes smarter through use of data.

Greg Merten, Senior VP of Alliances and Partners at Cyferd, suggests that Cyferd’s low-work promise aligns with Differentia Consulting’s vision for Lean IT.

“Ultimately, the partnership is hoped to achieve long-term successes for organisations to achieve accelerated agile digital transformation,” Merten says. “We’re excited to be working with a solution partner like Differentia Consulting that matches our appetite for growth.”

What’s next for 2022? Go-to-market activities are set to commence shortly in the new year, with updates from both companies’ social media accounts arriving soon.

Read more: https://www.digitaljournal.com/pr/differentia-consulting-and-cyferd-announce-go-to-market-partnership#ixzz7vrmu3tAF

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eSignatures: Managing documents and contracts from end to end

In the modern business world, security and efficiency are key to staying ahead of the competition. Many modern companies are turning to eSignatures as the main way to sign documents due to their many business benefits and conveniences.

By implementing eSignatures into your business, you both improve the security of your company with the many added technological innovations like IP tracking and Multi-Factor Authentication. You also speed the process up for your business and save time throughout the day, while saving costs all-round.

Getting started with an eSignature solution is simple for any business, and can be done very easily with Blue Car Technologies’ help. If you’re looking to get started with eSignatures, contact the Blue Car team > https://www.bluecartechnologies.com/post/esignatures-managing-documents-and-contracts-from-end-to-end

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Dennemeyer brings you the biggest news stories and updates from the world of IP: a microchip security breach, the ongoing dispute over COVID-19 vaccine patents and a trademark lawsuit that was more hi

Dennemeyer brings you the biggest news stories and updates from the world of IP: a microchip security breach, the ongoing dispute over COVID-19 vaccine patents and a trademark lawsuit that was more high class than class action.

Click for full article.

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