News and Articles
News & Articles
There is a common saying that states ‘for something to be managed it needs to be measured’, and this saying applies when it comes to a legal function’s BAU work. In order to achieve this, and therefore showcase the value and impact of legal to the business, its output, the BAU component of the legal team, needs to be visible. In this article we share what BAU data and insights are – and how a legal team can showcase its value and impact on the day-to-day running of the organization.
Tauranga, New Zealand, 16 August 2023 - LawVu, the category defining legal workspace for in-house legal teams around the globe, today announced it has been positioned as a Major Player in the IDC MarketScape: Worldwide Enterprise Legal Management (ELM) Software 2023...
Generative AI could contribute $13 billion annually to Australia’s professional and financial services sector by 2030
A new report says Australia’s professional and financial services sector could unlock billions of dollars in value by 2030 if it accelerates the responsible adoption of generative artificial intelligence (GAI).
Deciding on what technology to invest in should be done in a well-considered and methodical manner so that your investment is not only impactful today but in the future. Helping you identify those considerations so you can make a well-informed decision is where a technology roadmap comes into play.
Relying on manual document approval processes is where you’re most likely to experience legal waste, so it’s time we shed some light on how to streamline your approval process to minimize symptoms of legal waste and optimize the productivity of your team. The good news is that the number of ways in which you could automate processes and save your legal function time (and money) is limitless.
To most business functions, data has always been an integral force, backing decision-making and identifying successes and learnings. This isn't necessarily the case for in-house legal functions, however. According to PwC, “The typical lawyer displays mastery in the...
How to streamline RFPs for legal services and effectively collaborate with outside counsel for better spend management
When RFPs are tracked manually via spreadsheets, email, or across a range of point solutions, the ability to effectively scope, provide key information, send, and collaborate from one place can be challenging and time consuming. The good news is that this can be avoided. Read on to learn more about streamlining RFPs for legal services.
Three roadblocks impacting in-house legal cost control and how to overcome them with more effective legal spend management
Controlling spend will always be important to in-house legal teams and legal operations, so avoiding roadblocks that can get in the way of reducing costs and getting the efficiency gains desired is crucial. With this in mind, we’ve identified three roadblocks that may be impacting the ability of legal functions to achieve effective spend management and cost control, and provided solutions as to how they can be tackled.
Over a week, lost minutes can snowball into hours, resulting in data getting lost in the cracks or your legal team sacrificing time that could otherwise be spent on strategic work. Streamlining your invoicing and spend management workflows with a legal spend management platform that includes e-billing capabilities like LawVu creates valuable efficiencies and visibility for your team while helping you control legal spend. Discover how to streamline your legal spend management and e-billing workflows so you can get time back and reduce spend.
To date, most legal teams have managed their outsourced work, e-billing and legal spend management in one of two ways. We’re here to unpack some of the traditional methods of managing e-billing and legal spend management and compare them with an arguably more efficient approach. Read on to discover ways to optimize your approach to e-billing and legal spend management.
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