Unifying the Legal Experience: How Litera's Technology Streamlines Workflows and Empowers Legal Teams
Legal professionals face a daily challenge of switching between tools over 1,200 times, leading to confusion, frustration, and low adoption rates. With 39% of lawyers citing a lack of time to learn new technologies and 53% feeling they lack the necessary tech skills, firms are left with underutilized software investments and minimal ROI. The situation is further...
Technology
Preparing for Year-End Success: Optimizing Firm Profitability and Performance with Foundation Finance
As the end of the year approaches, law firms are working hard to ensure their financials are in the best possible shape before entering a new year. Effective year-end preparation involves several key tasks: managing accounts receivable, analyzing effective rates, reviewing write-offs, and optimizing firm management metrics. Here’s how Foundation Finance (formerly BigSquare...
Technology
BigSquare
Finance
Firm Performance
Product
Litera Foundation Gives Herbert Smith Freehills a Global View of Its Capabilities
Herbert Smith Freehills is an international law firm with 2,600 lawyers dispersed throughout 25 offices around the world. With such a substantial workforce managing a wide range of practice areas—from agribusiness and infrastructure to pharmaceuticals and telecommunications—the firm has a remarkable variety of knowledge and skills to evaluate when pitching new...
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Transparency in Transactions: Reducing Write-Offs and Delighting Clients
In this insightful webinar featuring Derick Davis, Senior Product Manager, and Danila Sotskov, Legal Technologist at Clifford Chance, discover how to simplify deal management by automating heavy lifts and enhancing collaboration. Learn to overcome the challenges of tracking tasks and managing signing and closing organization, all while reducing write-offs relating to...
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Pricing Precision: Leveraging Timecard Data for More Strategic Budgets
Join Litera as we discuss strategic pricing with our informative webinar, "Pricing Precision: Leveraging Timecard Data for More Strategic Budgets." Unlock the hidden value in your law firm's routine logs as this session guides you through the untapped potential of timecard data to refine your pricing models and reduce overages that come from inaccurate recordkeeping.
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Mastering Productivity & Governance: Strategies and Technology for In-House Teams
In-house legal teams are stretched thin, supporting 5+ legal and business functions with little time left for strategic work. On the other side of the coin, the regulatory environment is becoming more complex by the day and operating costs for compliance are now surpassing 60%. The imperative to innovate and streamline productivity, accuracy, and information governance has...
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Frost Brown Todd Enhances Data Management and Client Satisfaction with Foundation Insights
Download PDF Watch to learn how Frost Brown Todd utilizes Litera's Foundation Insights terms to differentiate their firm with clients and work more efficiently. Watch the Video The Challenge Frost Brown Todd, a leading law firm, faced a mounting challenge in extracting and managing valuable data from their legal documents. Rapid growth, with over 200 new hires in the past...
Artificial Intelligence
Foundation
5 Sneaky Costs That Impact Law Firm Profitability
Running a law firm involves more than just delivering exceptional legal services. Beneath the surface, hidden costs often go unnoticed but can significantly impact profitability and operational efficiency. These challenges, if left unchecked, can erode client relationships and stifle growth. Let’s explore some of these hidden costs and how law firms can address them...
BigSquare
Clocktimizer
Foundation
PS/Ship
Legal Luminary Eric Friedman to Join Litera's Board of Directors in January 2025
CHICAGO, December 2 - Litera, a global leader in legal technology solutions, announced today that Eric Friedman, the esteemed former chief executive of Skadden, Arps, Slate, Meagher & Flom LLP, has been appointed to its Board of Directors, effective January 2025, to advise its leadership team. With an exceptional career spanning over three decades at Skadden, Mr. Friedman...
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Supercharging Your Transactional Practice with GenAI
Join us for an exclusive Above the Law webinar on December 11 at 1 pm EST presented in partnership with Litera, where we explore how GenAI can help transactional attorneys tackle common challenges in their day-today work. From navigating complex due diligence to optimizing drafting and negotiation, this session will showcase real-world AI solutions that make your work...
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Global M&A Trends Q3 2024: Key Insights and Emerging Dynamics in TMT
M&A activity continues to slow down in 2024, marking a challenging landscape for investors and corporates alike. The latest Litera Global M&A Activity Report reveals a third consecutive quarter of declining deal counts. Yet value generation remains strong, with $2.2 trillion generated across 24,784 deals year-to-date (YTD). Despite a drop in deal volume, average M&A sizes...
Technology
Litera Acquires Office & Dragons to Bolster its Drafting and Transact Offerings
CHICAGO, November 26 - Litera, a global leader in legal technology solutions, has announced the acquisition of Office & Dragons, the market-leading platform for mass drafting and editing, which leverages intuitive automation and generative AI to streamline document workflows for lawyers. This latest acquisition augments Litera’s practice solutions with easy-to-learn, time...
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Invest, Innovate, Integrate: Litera’s Approach to GenAI
Generative AI (GenAI) is rapidly reshaping the legal industry, enabling firms to streamline operations, cut costs, and elevate the quality of legal services. According to our recent survey, this technology is gaining significant traction, with 42% of law firms already utilizing GenAI tools and another 34% planning to adopt them within the next year. Document creation and...
Technology
Charting the Future: The Evolution of Legal Knowledge in the Age of GenAI
In the modern legal world, expertise and efficiency are what set law firms apart. The ability to harness and use internal knowledge, provide valuable insights, and deliver top-tier legal services can give a firm a competitive edge. This is where knowledge management comes into play. What began as a simple means of organizing lawyer experiences and documents has evolved...
Foundation
How Law Firm Innovation Teams Are Adapting to Change in the Age of GenAI
As technology continues to transform the legal industry, becoming an essential part of daily work, understanding its impact is crucial for staying competitive and innovative. Watch this insightful roundtable discussion featuring leading legal technologists who are reshaping the workflows in law firms.
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Litera in ILTA's 2024 Tech Survey: Platform Approach
Litera is thrilled to once again be featured in ILTA's 2024 Technology Survey, marking another year of recognition for our tools that empower law firms worldwide. Litera's solutions consistently appear in the survey’s results, reflecting the value they bring to legal professionals in both the practice and business of law. With a robust portfolio that supports an enterprise...
Technology
Protect and Govern What You Can't Afford to Lose - Data and Time
This webinar is designed to provide real-world examples of CAM’s value, focusing on practical solutions rather than product tiers. Don’t miss the opportunity to enhance your legal team’s data governance strategy. Tackle Industry-Wide Data Risks: Discover strategies to mitigate risk and govern your data. Boost Efficiency and Collaboration: Implement time-saving solutions...
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