A slew of companies this week announced new platforms and product upgrades designed to help in-house legal teams operate more efficiently and collaborate more effectively with colleagues in their departments and other business units.
The technological solutions cover a variety of areas of interest to in-house counsel, including contract management, outside counsel spend and matter management.
Several tools purport to make it easier for legal teams to automate their work, and others offer analytics featuring important business intelligence.
Here’s a rundown of five of the technology announcements:
Intapp
The provider of cloud-based software for the global professional and financial services industry announced the launch of Intapp Documents for Corporate Legal, which provides collaborative matter lifecycle management for in-house legal departments.
The company says the technology “enables matter-centric document management capabilities in Microsoft SharePoint and provides the tools needed for professionals to effectively file emails and access content, all from within Microsoft Outlook.”
The platform is designed to reduce legal operation professionals’ dependence on file-shares and email chains to handle legal matters from start to finish. Intapp Documents for Corporate Legal also includes automated matter triage and allocation, as well as data-driven insights.
Legal Automation Group
The company announced the commercial release of its MyLegal software platform for legal departments with the aim of making it easier for them to automate their work and increase productivity.
The platform offers automated workflows accessed through a centralized collaboration portal, and it features more than 20 of "the most sought-after legal department work processes and analytics," the company says.
Legal Automation Group says the platform also enables the speedy development of custom applications, and MyLegal’s pre-built applications can be configured meet a company’s needs with little or no coding.
LexisNexis
The legal and business information-focused company announced several new features for its existing CounselLink product, which is an enterprise legal management (ELM) solution.
The new legal services request feature adds the ability for users to create distinct request forms, manage user groups, manage request flow and allow external user requests, such as those from outside counsel. An intake reporting feature provides insights on request volume and assignments.
Additionally, users can now create matter pages in CounselLink, search for and link related matters to each other i, and pre-populate information in new matters based on the original matter.
Onit
The provider of AI-based legal solutions announced a series of new product updates designed to bring corporate legal teams closer to their businesses and smoothly manage contracts.
Onit has added data-as-a-service (DaaS) to its Apptitude automation platform, a development the company says will make it easier for legal operations insights to be shared with sales, finance and other departments across the company.
Onit's ReviewAI Playbook Manager allows users to create customized AI-enabled playbooks that ensure consistency across the organization when reviewing contracts.
AXDRAFT, a contract management and document automation software provider Onit acquired in 2020, has launched a collaborative editor designed to streamline contract negotiation and redlining processes.
Thomson Reuters
The provider of information business services announced the launch of Legal Tracker Advanced with the goal of helping legal departments strengthen their spend management, drive operational efficiencies and improve workflow processes.
Users of the platform can review anonymized benchmarking data to compare outside spend across 1,600 legal departments to evaluate law firm rates. Dashboard analytics are aimed at streamlining the rate management process for legal teams through automation and advanced logic parameters.
Additionally, an engineering collaboration with Microsoft allows Legal Tracker Advanced to provide “modern data storage and hosting that delivers enterprise-grade speed and security," according to Thomson Reuters.
