With Legal Industry Transformation Underway, Technology is Key to the Future Ready Lawyer

published on Legal Innovation, Legal Technology, News

Faced with increasing information complexity, changing client demands and shifting market forces, legal professionals are turning to technology to help them achieve better outcomes. However, not all lawyers are doing so at the same pace, and those already leveraging technology have an early adopter advantage, including higher profitability and readiness to take on change, according to findings from the 2019 Future Ready Lawyer Survey from Wolters Kluwer Legal & Regulatory.

The Modern Legal Department: Succeeding with Legal Technology

published on General News, Legal Technology

For the very first time, Wolters Kluwer, Kalexius and Day One partnered for an event to discuss legal technology and new approaches to drive business success. “The Modern Legal Department: Succeeding with Legal Technology” took place on the 14th of March at Hotel Metropole in Geneva and was attended by in-house counsel who shared their opinions and questions during a two-hour interactive panel debate.

Wolters Kluwer Legal & Regulatory Introduces Legisway Product Portfolio for Corporate Legal Software Solutions

published on Legal Technology

Wolters Kluwer Legal & Regulatory is making it easier for corporate legal professionals to realize the full benefits of legal software specific to their needs with the introduction of the Legisway portfolio. The Legisway portfolio – consisting of Legisway Essentials (previously named effacts) and Legisway Enterprise (previously named Contrat’tech) – provides solutions for small-to-medium sized corporate legal departments (CLDs), designed by legal experts for legal experts.

No-deal Brexit? What Legal Counsel needs to do to protect business contracts

published on Contract Management

As the March 29th deadline to negotiate the terms of UK’s exit from the EU looms, it appears as though talks will go right up to the wire. Arguments over the exit terms continue and it looks like nobody knows for sure what is going to happen next. The chance of a no-deal Brexit is increasingly likely. While many businesses […]

Does your legal department suffer from inefficient contract management?

published on Contract Management, Legal Risk Management, Legal Technology

Inefficient contract management can take its toll on overburdened legal departments. But it’s not only a matter of wasted time. Poor contract management can also cost your business dearly. According to the International Association for Contract and Commercial Management (IACCM), inefficient contract management can cost businesses as much as 9% of annual revenue. In fact, inefficient processes can result in financial losses […]

How do you cope with the lack of contract automation?

published on Contract Management

Contracts are the lifeline of your business: the vast majority of business transactions are indeed determined by a contract. Any mistakes or inefficiencies in this process can increase the company’s liability and have a significant impact on the business. Rightly so, contract automation tools are gaining in popularity. However, according to an Apttus survey less than half of respondents have invested in an automated contract management tool. […]