LawVu named a Major Player in the IDC MarketScape for enterprise legal management
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 Vendor Assessment (doc #US49842023, August 2023).
The IDC MarketScape evaluated ELM software companies on a diverse set of criteria such as market presence, product portfolio, and customer satisfaction through the lens of long-term strategy and current capabilities — resulting in each vendor’s position within a given market.
With 61 per cent of in-house legal teams spending over one hour per day jumping between systems to gain a complete view of work and determine priorities (source: The 2023 In-house Legal Technology Report), this milestone comes at a time when legal functions are looking for increased efficiency, streamlined workflow, and consolidated technology stacks.
“We believe LawVu’s debut inclusion in the Major Players Category signals market confidence in the platform, and a key milestone in the company’s growth trajectory,” said Sam Kidd, CEO and co-founder of LawVu. “The legal sector has long grappled with fragmented point solutions that hinder productivity and stifle collaboration. The market is now shifting towards consolidated solutions that address these pain points, and LawVu is at the forefront of this movement.
“We’re here to enable in-house legal teams to perform at their best through our platform — through optimising operations, enhancing collaboration, and driving efficiencies. It’s our belief that being named a Major Player is a testament to our commitment to accelerating the world’s legal work and we believe it’s validation of what makes us unique within the ELM space.”
True to LawVu’s innovation ethos, the company is continuing to implement new features and solutions for customers, with recent additions strengthening its contract management with AI, spend management and Insights capabilities to easily generate reports and provide actionable metrics on matters, contracts, and legal spend.
Over the past year LawVu has found the platform has saved customers over 1.4 million hours of administrative burden, helping reduce the impact of burnout and protecting mental wellbeing. With customers in 15 countries including PWC, Splunk, Telstra, Estee Lauder, Joe and the Juice, Shaeffler, Linktree, LawVu is poised to be the leading software-as-a-service (SaaS) platform for in-house legal teams globally.
About LawVu
LawVu’s legal workspace is the category defining software platform for in-house legal teams, enabling them to be more productive, and connect with the business and its outcomes. The unified suite of productivity and collaboration tools allows in-house lawyers to manage all their matters, contracts, documents, vendors, and reporting from one cloud-based, secure and connected platform. With a quick implementation and its user-friendly interface, the legal team is able to become more productive right away. Founded in 2015 and based in Tauranga, LawVu develops and distributes its SaaS platform to customers around the world including PWC, Splunk, Telstra, Estee Lauder, Joe and the Juice, Shaeffler, Linktree. For more information, visit lawvu.com or follow us on LinkedIn and Twitter.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.