Prestigious annual awards program recognizes companies and products driving innovation in the global legal industry

TAURANGA, New Zealand, November 20, 2024 – Global legal SaaS company, LawVu, the leading legal workspace for in-house legal teams, has been recognized with the “Legal Spend Management Innovation of the Year” award in the annual LegalTech Breakthrough Awards program conducted by LegalTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout legal technology companies, products, and services around the globe.

“We’re incredibly proud to accept this award from LegalTech Breakthrough among so many impressive peers,” said Sam Kidd, co-founder and CEO of LawVu. “It’s been an exciting year for us, working so closely with our customers as we innovate in an area which is so key for many corporate legal teams. Gaining a deeper understanding of our customer’s invoicing and e-billing needs and rounding out our spend management offering has been a huge priority, and we have more exciting features coming soon! This recognition is a testament to the hard work and dedication of our team and the collaboration and trust that our clients place in us – we are thrilled to be acknowledged.”

LawVu’s legal workspace enables in-house legal teams to manage their work in one secure place, ensuring total visibility, reduced administration, and effortless collaboration with the business and external lawyers. LawVu centralizes matters, contracts, spend, knowledge, documents, and reporting into one highly configurable and intuitive platform. This approach maximizes efficiency, ensures continuity, boosts adoption, and provides valuable data across all workflows, ultimately reducing overheads and elevating the legal function to an essential partner in driving better business outcomes.

Unlike traditional e-billing systems built for external spend management, LawVu is designed for in-house legal workflows and matter management; out of the box spend management capabilities and secure collaboration with outside counsel can easily be added on to save time, control costs, and manage all work more efficiently. 

Through managing spend and all their legal workflows in one secure system, LawVu customers can: 

• See 440% return on investment: Digitize and streamline invoice management to speed up payments, improve reviews, and easily access data to plan budgets and control spend
• Streamline workflows: Consolidate communication, documents, and data in one platform to reduce email noise, ensure continuity, and report on risks, trends, and legal costs
• Boost efficiency: Easy invoicing and e-billing features simplify reporting and curb costs. Automated approval routing and notifications, including mobile, reduce admin and provide cost transparency. AI-powered invoice extraction reduces errors and ensures fast access to data
• Improve outcomes with outside counsel: Collaborating is simple! Legal can invite external partners to their workspace and customize access. Communication is seamless, risk minimized, and information securely accessible. RFPs, work scopes, budgets, and tasks can be managed and monitored efficiently, with less admin overhead

Using a solution designed for in-house work, not just e-billing, means legal functions can improve their approach to intake, internal and external matters, contracts, documents, and data without the implementation, cost, and security risk of multiple solutions. It also means legal teams have rich, consolidated data and reporting – demonstrated by the new General Counsel Dashboard, which provides a real-time view of key metrics for all legal KPIs. 

LawVu invested significantly in spend management capabilities in 2023 and 2024, releasing new reporting, invoice approval routing, a mobile app, AI invoice extraction, and accruals management features. An innovative AI-powered billing guideline review capability is coming soon which will centralize invoice information, boost efficiency, and help legal control costs and use data in impactful ways. 

About the LegalTech Breakthrough Awards program

The mission of the annual LegalTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions and products in the legal technology industry today. This year’s program attracted thousands of nominations from over 12 different countries throughout the world.

“LawVu’s innovative spend management features boost efficiency, streamline reporting, and help control costs. Traditional ELM and standalone e-billing solutions are costly and difficult to integrate and use, not to mention that most of these traditional e-billing systems are built for external spend management,” said Bryan Vaughn, Managing Director, LegalTech Breakthrough. “LawVu’s solution, designed for in-house work, not just e-billing, means legal teams can improve their approach to intake, internal and external matters, contracts, documents, and data without the implementation, cost, and security risk of multiple solutions. It’s our pleasure to recognize LawVu with ‘Legal Spend Management Innovation of the Year!’” 

About LawVu

LawVu is the leading enterprise legal management (ELM) platform that empowers legal teams to manage their entire operations from a single, cloud-based platform. LawVu delivers best-in class core capabilities with a strong ecosystem of out of the box integrations with Microsoft 365 and the enterprise software their business relies upon, an open API and specialized 3rd party product and services to meet customers’ needs with speed, flexibility and choice.

LawVu develops and distributes its SaaS platform to enterprise customers around the world, trusted by organizations like Dutch Bros, Co-op, Craveable Brands, and The Buckle. For more information, visit lawvu.com or follow us on LinkedIn.

About LegalTech Breakthrough

Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the LegalTech Breakthrough Awards program is devoted to honoring excellence in legal technologies, services, companies and products. The LegalTech Breakthrough Awards program provides a forum for public recognition around the achievements of LegalTech companies and solutions in categories including Case Management, Client Relations, Data and Analytics, Documentation, Legal Education, Practice Management, eDiscovery and more. For more information visit LegalTechBreakthrough.com