In-house legal teams are desperate for new technology right now. After being pulled in all different directions for a number of years now, legal departments of all shapes and sizes are deploying legal technology to automate, streamline or better organise their workloads.
In fact, a 2021 UUÂãÁÄÖ±²¥ survey of legal counsel found that four-fifths plan to increase their adoption of lawtech in the next five years.
But with a wealth of exciting new tech tools now being introduced to the legal market, many are struggling to separate the must-haves from the nice-to-haves.
As Nigel Rea, Service Development Director at legal services provider Lawyers on Demand (LoD), said in a recent UUÂãÁÄÖ±²¥ article on legal technology: “There's a lot of whizzy stuff out there that's searching for a problem, and that makes adoption really hard, because yes, it's great, but does it actually solve the problem lawyers are facing day-in, day-out?â€
Legal counsel should prioritise the technology that adds real commercial value – here are five of the most effective legal tech tools:
The scope of knowledge in-house legal counsel are expected to retain is unmeasurable. Nobody can be expected to be an expert in employment law and commercial law…and corporate law…and competition law…and technology law…and (insert never-ending list of legal practice areas).
In-house lawyers need practical guidance to support them through the numerous legal, procedural and compliance challenges. UUÂãÁÄÖ±²¥ provides legal counsel with access to the biggest collection of practical guidance alongside a range of useful tools such as flowcharts and checklists to improve response times and reduce risk and time-wasting.
No in-house lawyer worth their salt has the time to crawl the internet looking for new legal precedents and case law. Instead, they need instant access to existing legislation and case law and, crucially, the very latest legal news.
UUÂãÁÄÖ±²¥â€™ Legal Research provides real-time rulings from the courts and tribunals, and new regulations and legal compliance – allowing you to access everything you need in a matter of moments.
Sifting through contracts and other legal documents to remove drafting errors is a time-consuming task – and it’s not the most productive way to spend your time. That’s why many in-house legal teams are investing in legal drafting tools to speed up the process of drafting and eliminate unnecessary risks. With LexisCreate, you can create perfect legally-watertight documents by pulling together all your other UUÂãÁÄÖ±²¥ tools seamlessly – all within the Microsoft environment. And creating your legal document is just the start – once created, built in calculators, calendars and proofreading software pick up any residual errors and checks for citation anomalies. Then, once you’ve produced the perfect precedent, you can store it away for future adapting.
Creating accurate and practical legal precedents isn’t an easy task. But at a time where general counsel need to be familiar with an ever-changing array of legal precedents, this once tough task is becoming near impossible. Many in-house lawyers are relying on smart precedents – a sophisticated but methodical tool quickly create precedents without the human error element, giving much-needed confidence in the final version. LexisSmartPrecedents is one of the leading tools – it also comes with the benefit of providing legal counsel with ready access to a huge bank of precedents and clauses.
Managing legal operations can be a thankless task for legal counsel, which is why choosing the best legal workflow management software to oversee operations is vital.
Legal counsel are working under increased commercial pressures and squeezed budgets. The sophisticated integration of UUÂãÁÄÖ±²¥ tools, powered by cutting edge technology, provides in-house counsel with the toolkit they need to save time and drive forward legal and commercial operations.
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