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Industry Solutions

Finance & banking

LawVu’s Legal Workspace - a connected single source of truth for in-house legal teams in financial services.

Unique problem

In-house legal departments in the finance and banking industry are known for having the highest technology budgets and usage, outside counsel spend and the largest internal teams. The banking sector is also highly regulated and frequently experiences the following issues:

 

  • No central, easy method for the business to instruct the legal team
  • Different ways of working across numerous in-house teams (by function and geography), creating inconsistency, duplication and/or inefficiency
  • No centralized system of record for documents and matters
  • Little transparency on the progress of matters, including which team/individual has responsibility across the various tasks and matters
  • No effective way to manage and reduce spend across multiple external law firms
  • Inability to derive useful and actionable metrics from in-house team performance

Outcomes with LawVu

Streamline legal workflow from business intake through to insights and reporting

Easily keep on top of regulation changes and historic advice
Get the most out of external legal spend

Solution

Financial services companies engage LawVu to help their legal function become a connected, unified legal team. LawVu’s Legal Workspace allows you to manage in-house legal workflow, across matter management, contract lifecycle management, knowledge management, and engagement with external counsel. LawVu acts as the system of record for these teams and provides actionable insights based on relevant in-house legal data.

Configure matter intake in a way that is relevant to the varied and high volume nature of financial services companies, creating efficiency by driving clarity and timeliness of instruction from the business.

Implement customized legal workflows to streamline ways of working (e.g. checklists for different types of financing arrangements).

Implement end-to-end matter management to create transparency over large volumes of in-house work, particularly those projects that require cross-collaboration between in-house teams (by function and/or geography).

Connect contracts to a wider ‘matter’ and easily access related communications and documents, for full business context

Introduce centralized e-billing and RFP management to help reduce legal spend across numerous external law firms.

Create and report on actionable insights driven by rich in-house legal team data.  

LawVu legal operations software is ISO27001 Compliant
LawVu legal operations software is SOC2 Compliant
LawVu legal operations software complies with GDPR
LawVu is a member of the Cloud Security Alliance

Trusted and secure

  • Secure cloud-based platform - SOC1 and SOC2 compliant, and ISO27001 certified
  • Accessible on desktop, tablet or mobile device
  • Fast and easy implementation and onboarding
  • World-class customer success and support