5 Minute Guide to LegalTech

Published On : June 18, 2021

Information technology has transformed the way we live and the way lawyers do business. The understanding of the swift progress of Legal Technology can be challenging for traditional practitioners. In this short article, we’ll try to concisely explain the basic yet important concepts relevant to LegalTech. What is LegalTech - Legal technology] refers to the use of technology and software to provide legal services and support the legal industry. Legal Software definition refers to both Legal software and business strategies that implement Legal systems.

Legal Case Management Software implementation utilizes various software components to improve the performance of law firms for

1) Client management

2) Matter management

3) Operational control

Legal software consists of multiple modules that integrates activities across functional departments - from business development, billing, clients management, case management, document management, to finance management. Most Legal software systems include application modules to support common legal operational activities – matters, accounting and human resources. Modern Case Management Software is much more than a digitizing legal operations. In terms of advancement, Legal Software has evolved from legacy implementation to large cloud farms. Benefits of Legal Software - Legal software attempts to integrate business processes across departments onto a single firm-wide information system. The major benefits of Smart Legal System are improved coordination across clients, legal and para legal resources and increased efficiencies of doing business. The implementation of Case Management systems help facilitate day-to-day management as well.