M&A Due Diligence: Global Trends
With M&A due diligence affecting significant deal terms like valuation and risk allocation, having an accurate picture of a target company's legal documents is key. M&A teams are also dealing with market forces such as high deal volume, time pressures, and retention issues. As a result, executing deals efficiently requires new technology to manage those challenges. Watch a...
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Maintain Data Security with a Trusted Governance Platform
It’s all about securing your data! With hybrid work as the new normal, data security challenges for organizations are on the rise. Hits by cyberattacks followed by regulatory bodies implementing more rigid compliance requirements, are the alerts organizations need to get their data security in check.
CAM
Firm Governance
M&A Transactions: Better Informed and Better Managed at Every Stage
Whether you began practicing law 5 or 25 years ago, it is clear that technology is transforming the way work is accomplished in the legal industry. More and more firms are benefiting from teams of innovation and knowledge management experts and the guidance of internal CIOs and CTOs who drive technology adoption, and future-proofing the firm’s processes. So, what does that...
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The Unexpected Benefits of AI in Legal Work
Legal professionals know that Artificial Intelligence (AI) saves time, removes drudgery, and streamlines legal workflows—but that’s not all. As AI becomes ubiquitous in the industry, law firms are discovering unexpected benefits from the use of these technologies. For example, the creation of structured data can provide additional value to law firms and their clients, and...
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New Kira Real Estate Study on Tenant Termination and Contraction Rights
Have changes in work patterns since the onset of the COVID-19 pandemic been reflected in restructured commercial leases? A new Kira Real Estate Study by Litera used the Kira machine learning-based contract review and analysis platform to look for patterns in commercial leases to determine whether changes to leasing practices are underway. A secondary literature review...
Legal
Technology
Workflow
Kira
Regulatory Changes Coming to Real Estate – Technology Can Help
Proposed SEC regulations governing the disclosure of Environmental, Social, and Governance (ESG) risks have many companies scrambling to understand how to comply with new reporting requirements effectively. And the impact will likely trickle down to the broader real estate industry. The proposed disclosure requirements treat climate risk as material information for public...
Workflow
Legal Professionals
Legal Work
Litera Governance Solutions and the Five Pillars of CAM: A Webinar
Law firms operate in distributed environments. Their employees are distributed geographically, and the tools and data they use are often spread across multiple systems containing critical documents and hosting important collaborations and processes. Information Governance is the set of tools and processes used to manage that data and ensure that access to the firm's data...
Legal
CAM
Firm Governance
ILTA Technology Survey 2022 Tracks What Firms are Buying – Not Why
The annual ILTA Technology Survey is one of the more comprehensive tech surveys out there – in a way. It targets law firm CIOs and helps them answer the most common question a CIO gets from firm management: What are other firms doing? What's the trend in adopting specific types of technologies and products? Law firm leaders are notoriously concerned about what peers and...
Legal
Technology
Clocktimizer
Kira
Litera eBook: A Practical, Step-by-Step Guide to the iManage COM API Solutions End-of-Life
Organizations using COM API solutions will soon need to transition their firms to iManage’s Work 10 on-premises solution or iManage Cloud. Many Litera customers will have to make this transition, so we have created a thorough guide to the change, and the decisions firms will face along the way. The eBook, Let Us Guide You Through iManage COM API Solutions EOL will help...
Legal
Technology
CAM
Firm Governance
The Five Pillars of CAM: Govern Data Across Systems
In the past few years, many project and relationship-based organizations have been forced to shift to remote or hybrid working. This has increased reliance on virtual collaboration systems such as Microsoft Teams. Platforms like Teams are best suited to allow the necessary collaboration on hundreds or thousands of projects, relationships, matters, and engagements –...
CAM
Firm Governance
Work Allocation and Utilization Forecasting Software Specifically Designed for Accounting Firms
Allocation: Work assignment scheduling and project management. Utilization: Availability and time tracking with portfolio snapshots. Reporting: Pictographs of incurred and future hours with diversity distribution. DEI: Diversity, Equity and Inclusion emphasis to avoid unconscious bias
Firm Performance
Talent & HR
The Unexpected Benefits of AI in Transactional Law
AI is crucial to the future of law, and there is a powerful practicality that comes with embracing this technology in legal work. Exciting career options and the creation of actionable metrics based on firmwide data have emerged as law firms of all sizes continue to modernize.
Artificial Intelligence
Workflow
Legal Professionals
Legal Work
Transact
The War on Talent Attrition Has Just Begun
By Pieter van der Hoeven, Senior Director, Business Development, Litera Part of a series of articles from Litera leaders on themes related to the ILTACON 2022 event. It's no secret that law firms face enormous challenges in finding and retaining enough talent to keep up with the demand for their services. In 2021, law firms had an average attrition rate of 26%, according...
Talent & HR
Many-to-One Document Reviews: The Current Tedious Process and The Role of Technology in Improving It
Legal work is collaborative. Documents go through multiple parties and revisions, transforming from raw drafts into final forms for the client's eyes. The original drafter – the one responsible for delivering the document - has an arduous journey ahead once the first draft is sent for review. They receive multiple versions of the same document with comments, changes...
Drafting
Litera acquires talent management software, Micron Systems Inc.
CHICAGO – August 16, 2022 – Litera, a global leader in legal technology solutions, announced today it had acquired Micron Systems Inc., a leading developer of talent management software for the legal and accounting professions. With the acquisition, Litera expands its solution set and reinforces a commitment to solving one of the most pervasive challenges facing the legal...
Talent & HR
Second Product Release Updates: Enabling a Smart, Integrated, and Flexible Document Drafting Experience
The first half of 2022 has passed in the blink of an eye, and it's time for our second Drafting product release. Litera Drafting is a suite of products designed to empower lawyers and legal professionals to draft smarter. Using the Drafting components – Create, Check, Collaborate, and Publish – you can get to a first and final draft quicker with accurate, firm-approved...
Drafting
Compare
Create
Metadact
The Five Pillars of CAM: Protect Your Organization’s Data
The explosion of hybrid work over the past few years has seen industries digitize at an unprecedented rate. While this has led to opportunities for innovation, it has also produced data chaos and cybersecurity risks. Cyberattacks are inevitable. While you may not always be able to prevent a data incident, you can take steps to ensure that your organization is protected...
CAM
Firm Governance