Automation in Legal Department

Exigent offers technology with the support of lawyers and analysts trained in machine learning and natural language processing. Exigent supports your legal teams through analytical thinking, the intelligent use of technologies such as RPA and AI, and inventive talent to provide answers that impact every aspect of your company`s performance. We`re now back for the third and final installment of its AI series, which covers the combination of legal AI and automation. With the many types of legal automation and AI support available today, we offer some crucial points to consider for automation and the role of AI in it. Legal automation is possible in all areas of law. However, some areas of law are better suited to automation than others; These areas of law often have the following characteristics: less complex legal agreements are ripe for automation, with lean legal teams often choosing to provide contract automation workflows rather than increase the number of expensive employees. Since law firms are service-based, the income of this profession is still primarily based on the hours charged to work on behalf of their clients. Unfortunately, non-billable hours are a reality for any law firm and can take a lot of time per day. This includes administrative work separate from client work, client acceptance, invoicing and debt collection, as well as practice management tasks. And that`s where automating law firms can help. While legal services of all kinds need to be relieved of this growing pressure, corporate law services are facing additional problems. Companies no longer treat their legal fees as fixed and immutable, freed from budgetary efforts.

On the contrary, they now expect legal services to reliably forecast their expenses and stick to their estimates, while meeting the traditional requirements of exemplary legal work and keeping up with the unpredictability of litigation. Legal automation is not only the future of legal practice – it is here today. A study by research firm McKinsey estimated that nearly a quarter – 23% – of the work currently done by lawyers could be automated with the available technology. The automation of legal work allows companies, businesses, as well as any other organization in which lawyers work, to rationalize, accelerate, manage and measure legal and legal work. Through the use of workflow, process and task automation, significant improvements can be made: I personally think that automation is terribly little used in the legal sector. There are some great legal technology tools that allow teams to automate certain jobs, but that`s not the only way to get started. Technology alone is not the solution. A well-known methodology for transforming organizations that has been adopted by the legal technology community is “People, Processes, Technology.” The order of these words is not a coincidence; Technology must be the last step and always adapt harmoniously to people and processes. Legal automation is the use of tools and technologies that enable legal teams to streamline, automate, and measure legal work. Automating legal documents is often worth it, but the benefits depend on the specific area and thematic focus.

Two mistakes should always be avoided: Two short examples highlight scenarios where automation could add value: Nehal Madhani of Alt Legal and Jordan Couch of Palace Law further explain why automation is important for law firms: LexisNexis and Bloomberg Law are external online distributors® of the vast collection of current and archived versions of ALM`s legal news publications. Clients of LexisNexis® and Bloomberg Law may access and use ALM content, including content from the National Law Journal, The American Lawyer, Legaltech News, New York Law Journal and Corporate Counsel, as well as other sources of legal information. One form of automated technology is an AI-based chatbot. These can be programmed to meet client requests and, in simple cases, even for legal advice. For businesses, the ability to automate simple interactions means a lot of savings. Manual tracking of time spent on legal projects is not only inefficient, but usually inaccurate, resulting in erroneous time tracking data. But wait: do in-house lawyers really need to track their time? After all, they don`t charge customers. In fact, complex tasks also consist of many smaller subtasks in which automation can be implemented. Consider the end-to-end process of making a car; A very complex process that cannot be fully automated, especially with regard to planning, testing, quality, strategy, as well as some aspects of the manufacturing process itself. The same applies to legal tasks. These benefits are encouraging more and more lawyers to consider legal automation for their team. Legal automation exists to free up lawyers` time from low-value litigation work and allow them to focus on more important tasks.

It means different things in different environments; For lawyers in law firms, this can mean automating the process of reviewing documents required for due diligence to avoid employees having to manually search for emails. Here are some reasons why automation is important and how focusing on law firm routine processes benefits your business. Automation: Law firms are full of lawsuits that don`t require the attention and time of lawyers or even employees. Law firm automation is one way to leverage technology to carry out these repetitive processes, from registration to invoicing. We will highlight the top five ways to implement law firm automation. The implementation of legal AI and automation is not a unique case. For many forms of both technologies, it is useful to look at concrete use cases and the corresponding benefits that come to the table. In this blog post, we define legal automation, explain why it`s important, and provide seven examples of how forward-thinking legal departments are applying automation to work more efficiently.

In addition to streamlining the process of creating complex legal documents, document automation also allows businesses to reduce their reliance on billable hours. You can pass these savings on to your customers while increasing profitability. Instead of taking days, documents can be created in minutes with fewer errors, costs, and inefficiencies that affect the traditional design process. If you already know what legal automation entails and want to get started, click the button below. If not, read on to learn more. If you`ve already implemented these legal automation tools, keep in mind that there are countless other ways to apply legal automation to streamline and simplify your legal practice. Maybe you can use an automated system to simplify your process or speed up your responses to requests for public documents. By focusing on legal automation in all its forms, you can help your corporate law department look to the future. Another aspect of our business is helping companies automate legal tasks.

That`s what it looks like for a marketing analytics company we work with. To gain customer buy-in, the company must obtain the customer`s permission to share telecommunications marketing information. Creating the integration authorization document involved multiple emails between the company and the customer and touched four departments: sales, customer support, customer success, and legal. To help them, our team created a custom automated workflow process to get the permissions that reduce the time spent on that process from hours to minutes. Verification: ZyLAB ONE applies both automation and AI to streamline document review in more than 750 formats, allowing teams to complete the review within any budget quickly and efficiently. There are many other law firm document automation tools that integrate with Clio Manage and provide template-based documents to speed up setup. Some examples are WealthCounsel, Lawyaw and LawCloud. This page explores the impact of automation on the legal industry in different environments. Learn what legal automation is, who does it, the benefits of doing it, and some practical examples to get you started. Codeless automation generators help legal teams and law firms set up various manual processes to make common workflows scalable. This could be something like the inclusion and triage of new applications that help give legal issues their proper priority. Most cases of legal automation involve some form of entry, processing, and exit.

This may be information or context around a request or essential personal data relevant to a contract. During processing, this input is taken into account and an additional context is applied, a risk score is calculated or transmitted to the right expert or digital tool.