Despite having internal legal teams to help, many businesses still need to work on effectively managing legal spending, contract cycles, timely litigations, etc. Do you find this relatable? Well, you are not alone.
Although there is a range of robust and reliable enterprise management software solutions to help businesses streamline the operations of their internal legal teams entirely, many enterprises still find it hard to choose a suitable ELM software that could work at its best for them.
If you are a business looking for an ELM software solution to smoothen out the internal legal team functions, this blog will assist you in doing so.
Scroll down to find out:
Enterprise legal management or ELM software is a solution that businesses use to help their internal legal teams manage their daily operations, legal billing, contract cycles, disputes, licensing, intellectual properties, etc. Companies with wide operational scopes can use this software.
Top 5 Enterprise Legal Management Software
Why do Legal firms need an ELM software solution? The benefits it offers is handful.
We’ll take you through all of them here.
MyCase is a one-stop case management solution that includes legal document management software service. The centralized legal data storage enables the users to access legal documents efficiently. You can conveniently share, tag, and comment on documents in real-time. Using its templates, you can automatically populate documents with case information. Thus your legal document management workflow gets quicker. The customized filtering system will make your legal data search easy & effective...Learn more about Mycase.
MyCase is a one-stop case management solution that includes legal document management software service. The centralized legal data storage enables the users to access legal documents efficiently. You can conveniently share, tag, and comment on documents in real-time. Using its templates, you can automatically populate documents with case information. Thus your legal document management workflow gets quicker. The customized filtering system will make your legal data search easy & effective...Learn more about Mycase.
LogicalDOC is an open-source document management software. It indexes, tracks, archives, stores, and administer legal documents under the best security. This legal document management software supports collaboration on a single platform. Hence its time efficiency makes for optimizing the productivity of the legal firm...Learn more about LogicalDOC.
LogicalDOC is an open-source document management software. It indexes, tracks, archives, stores, and administer legal documents under the best security. This legal document management software supports collaboration on a single platform. Hence its time efficiency makes for optimizing the productivity of the legal firm...Learn more about LogicalDOC.
Rubex by eFileCabinet is a comprehensive legal document management software. That enables legal professionals to handle their legal documents in a time-efficient & easy manner.
The intuitive interface organizes and stores your legal documents/files. The storing of data happens by names and information contained in them. You can map out the workflows to track your ongoing work progress. Template Creation is another handy feature of this legal DMS. This legal document management software has useful setting options to control document access.
Retention date setting makes your legal document stay compliant with regulations. Knowledge-Based Authentication (KBA) & One-Time Password(OTP) makes the e-sign transaction secure. Dual Document Preview makes different documents or document versions comparison easy. Edit profile metadata, alter user permission, setting automation rules during document preview. This legal document management software features like:
Rubex by eFileCabinet is a comprehensive legal document management software. That enables legal professionals to handle their legal documents in a time-efficient & easy manner.
The intuitive interface organizes and stores your legal documents/files. The storing of data happens by names and information contained in them. You can map out the workflows to track your ongoing work progress. Template Creation is another handy feature of this legal DMS. This legal document management software has useful setting options to control document access.
Retention date setting makes your legal document stay compliant with regulations. Knowledge-Based Authentication (KBA) & One-Time Password(OTP) makes the e-sign transaction secure. Dual Document Preview makes different documents or document versions comparison easy. Edit profile metadata, alter user permission, setting automation rules during document preview. This legal document management software features like:
LexWorkplace is simple & easy-to-use legal document management software. A single-click application to open, edit & save your legal documents. Drag-and-drop, cut, edit & organize functions enable you to manage your legal documents quickly. Its integration with Microsoft Office helps the documents move. It’s Windows & Mac Compatible. Every document stored has a unique & permanent ID, which makes it identifiable. Its data access control & latest cybersecurity support is top-notch...Learn more about LexWorkplace.
LexWorkplace is simple & easy-to-use legal document management software. A single-click application to open, edit & save your legal documents. Drag-and-drop, cut, edit & organize functions enable you to manage your legal documents quickly. Its integration with Microsoft Office helps the documents move. It’s Windows & Mac Compatible. Every document stored has a unique & permanent ID, which makes it identifiable. Its data access control & latest cybersecurity support is top-notch...Learn more about LexWorkplace.
Cosmolex is another cloud-based Legal Data Management Software. It has an in-built storage option. It’s integrated with storage providers like OneDrive, Google Drive, NetDocuments, Dropbox, and Box. That makes it quick & efficient in sharing data with those platforms. Document Retrieval is simple, enabling folder search-ability by client’s name & legal matter. Documents Assembly is easy for it has Microsoft Word integration. It also comes with a granular user-level permissions & privilege setting. It enables the user to regulate the level of access for specific team members...Learn more about Cosmolex.
Cosmolex is another cloud-based Legal Data Management Software. It has an in-built storage option. It’s integrated with storage providers like OneDrive, Google Drive, NetDocuments, Dropbox, and Box. That makes it quick & efficient in sharing data with those platforms. Document Retrieval is simple, enabling folder search-ability by client’s name & legal matter. Documents Assembly is easy for it has Microsoft Word integration. It also comes with a granular user-level permissions & privilege setting. It enables the user to regulate the level of access for specific team members...Learn more about Cosmolex.
PracticePanther, this legal DMS has a high level of flexibility with third-party platforms. So you can sync the documents with cloud services, like Dropbox, OneDrive, Google Drive, and Box. By the apt use of templates, the legal documents get stored in a matter of a single click. It supports collaboration with your key team members and clients in a shared space - to create, edit, approve, archive, and manage legal documents. Moreover, this legal document management software is reliable & inexpensive...Learn more about PracticePanther.
PracticePanther, this legal DMS has a high level of flexibility with third-party platforms. So you can sync the documents with cloud services, like Dropbox, OneDrive, Google Drive, and Box. By the apt use of templates, the legal documents get stored in a matter of a single click. It supports collaboration with your key team members and clients in a shared space - to create, edit, approve, archive, and manage legal documents. Moreover, this legal document management software is reliable & inexpensive...Learn more about PracticePanther.
This is one of the preferred legal document management software among legal practitioners. The automated interface renders time efficiency by allowing the user to save repetitive documents & forms, automating PDFs or Word-based Templates into cloud-based ones, and streamlining the legal document creation. You can use the e-signature tool on your mobile...Learn more about Clio.
This is one of the preferred legal document management software among legal practitioners. The automated interface renders time efficiency by allowing the user to save repetitive documents & forms, automating PDFs or Word-based Templates into cloud-based ones, and streamlining the legal document creation. You can use the e-signature tool on your mobile...Learn more about Clio.
This legal data management software comes with automation. It makes the form & legal document creation task efficient, so more work gets done quickly. The customization feature helps in creating personalized legal documents. Its preconfigured resources(forms, sample documents) make your legal document creation time-savvy...Learn about Smokeball.
This legal data management software comes with automation. It makes the form & legal document creation task efficient, so more work gets done quickly. The customization feature helps in creating personalized legal documents. Its preconfigured resources(forms, sample documents) make your legal document creation time-savvy...Learn about Smokeball.
This legal document management software comes with an in-built document customization engine. That facilitates customized & automated document generation. It's easy to update documents using Outlook, Word, and Excel. The integration LEAP has with Microsoft & Adobe makes the professional correspondence run smoothly. The legal professionals can also use the preloaded sample forms & documents to create. Powered by Amazon Web Services, Leap has robust security in place. It enables you to manage your legal documents secure way...Learn more about LEAP.
This legal document management software comes with an in-built document customization engine. That facilitates customized & automated document generation. It's easy to update documents using Outlook, Word, and Excel. The integration LEAP has with Microsoft & Adobe makes the professional correspondence run smoothly. The legal professionals can also use the preloaded sample forms & documents to create. Powered by Amazon Web Services, Leap has robust security in place. It enables you to manage your legal documents secure way...Learn more about LEAP.
Amberlo is another legal document management software that's user-centric in its design. The legal document management & synchronization is easier for its centralized storage facility. You can also collaborate by granting access to your clients & team members. Integration with SharePoint & Microsoft 365 helps you work across those platforms seamlessly. The OneDrive synchronization lets you work with SharePoint documents offline...Learn more about Amberlo.
Amberlo is another legal document management software that's user-centric in its design. The legal document management & synchronization is easier for its centralized storage facility. You can also collaborate by granting access to your clients & team members. Integration with SharePoint & Microsoft 365 helps you work across those platforms seamlessly. The OneDrive synchronization lets you work with SharePoint documents offline...Learn more about Amberlo.
AbacusLaw–this cloud-based legal document management software has a friendly user interface. You can manage your legal documents on automation using this software. It keeps your data organized in one place. You can manage your legal documents on automation. It keeps our data organized in one place. The integrated system synchronizes all your legal documents across major productivity & storage software. The security and customer support are also impressive...Learn more about AbacusLaw.
AbacusLaw–this cloud-based legal document management software has a friendly user interface. You can manage your legal documents on automation using this software. It keeps your data organized in one place. You can manage your legal documents on automation. It keeps our data organized in one place. The integrated system synchronizes all your legal documents across major productivity & storage software. The security and customer support are also impressive...Learn more about AbacusLaw.
Email Manager for Microsoft 365 expedites your legal data management process. The automation & customization of metadata extraction is possible using this legal DMS. It makes follows corporate` policies & industry regulations in data handling. The SharePoint & Microsoft 365 integration comes in handy in managing your email database. It also optimizes your team productivity by enabling collaboration with your team members... Learn more about Email Manager for Microsoft 365.
Email Manager for Microsoft 365 expedites your legal data management process. The automation & customization of metadata extraction is possible using this legal DMS. It makes follows corporate` policies & industry regulations in data handling. The SharePoint & Microsoft 365 integration comes in handy in managing your email database. It also optimizes your team productivity by enabling collaboration with your team members... Learn more about Email Manager for Microsoft 365.
EisenVault is another cloud-based legal document management software. It uses Amazon Web Services, Microsoft Azure, DigitalOcean, and Google Cloud Platform. It makes for a safe tool for legal document management. The web-based user interface is for non-technical users. The iOS & Android compatibility of its mobile app helps you access it on the go. The synchronization of your legal documents through Cloud Computing helps you work offline.
Optical Character Recognition(OCR) makes the scanned documents full text searchable. It customizes your metadata field to perform advanced search & filtering. You can file emails to EisenVault via an in-built plugin for Microsoft Outlook and Gmail. You can edit your legal documents on Microsoft tools using this software. Any modification creates a new version of the document with the Legal DMS. The collaboration & social features optimize team productivity...Learn more about EisenVault.
EisenVault is another cloud-based legal document management software. It uses Amazon Web Services, Microsoft Azure, DigitalOcean, and Google Cloud Platform. It makes for a safe tool for legal document management. The web-based user interface is for non-technical users. The iOS & Android compatibility of its mobile app helps you access it on the go. The synchronization of your legal documents through Cloud Computing helps you work offline.
Optical Character Recognition(OCR) makes the scanned documents full text searchable. It customizes your metadata field to perform advanced search & filtering. You can file emails to EisenVault via an in-built plugin for Microsoft Outlook and Gmail. You can edit your legal documents on Microsoft tools using this software. Any modification creates a new version of the document with the Legal DMS. The collaboration & social features optimize team productivity...Learn more about EisenVault.
This legal document management software makes your legal document management simple and error-free. The editing and collaboration tools manage your legal documents efficiently. The Optical Character Recognition(OCR) smartly locates files by document content and keyword searches. And the security & unlimited storage facility are also highlights of this software...Learn more about FileVine.
This legal document management software makes your legal document management simple and error-free. The editing and collaboration tools manage your legal documents efficiently. The Optical Character Recognition(OCR) smartly locates files by document content and keyword searches. And the security & unlimited storage facility are also highlights of this software...Learn more about FileVine.
This legal document management software has many utilities. It makes your legal document management job easier & efficient. Some of them are:
This legal data management software has integration with-Google Vault, Slack, Microsoft 365, and Box. Logikcull enables you to share documents through its closed-loop platform, securely. Logikcull’s 24/7/365 in-app support provides real-time support to their customers...Learn more about Logikcull.
This legal document management software has many utilities. It makes your legal document management job easier & efficient. Some of them are:
This legal data management software has integration with-Google Vault, Slack, Microsoft 365, and Box. Logikcull enables you to share documents through its closed-loop platform, securely. Logikcull’s 24/7/365 in-app support provides real-time support to their customers...Learn more about Logikcull.
This is another efficient legal document management software. This software makes the legal document job easier in many ways:
This software also helps you set the user's role. access privilege level. It makes your document management process very much within your immediate control...Learn more about OpenKM.
This is another efficient legal document management software. This software makes the legal document job easier in many ways:
This software also helps you set the user's role. access privilege level. It makes your document management process very much within your immediate control...Learn more about OpenKM.
Rocket Matter’s legal document management software service makes your work efficient. Some of the important benefits it has for you are:
You’re all sorted in your legal document management task using this software...Learn more about Rocket Matter.
Rocket Matter’s legal document management software service makes your work efficient. Some of the important benefits it has for you are:
You’re all sorted in your legal document management task using this software...Learn more about Rocket Matter.
NetDocuments is another legal document management software solution. It streamlines & simplifies the whole process of legal document managing for you. It also comes with centralized storage so accessing & sharing documents is easy. It's Android & iOS compatible. The cloud-based synchronization lets you work offline.
The metadata field helps with effective legal data retrieving. The netThread & Data Loss Prevention features help collaborate with internal & external stakeholders securely. The integration with MS Office Productivity tools, and Adobe makes you work seamlessly. The state-of-the-art security infrastructure & comprehensive governance protocols make your legal document management secure...Learn more about NetDocuments.
NetDocuments is another legal document management software solution. It streamlines & simplifies the whole process of legal document managing for you. It also comes with centralized storage so accessing & sharing documents is easy. It's Android & iOS compatible. The cloud-based synchronization lets you work offline.
The metadata field helps with effective legal data retrieving. The netThread & Data Loss Prevention features help collaborate with internal & external stakeholders securely. The integration with MS Office Productivity tools, and Adobe makes you work seamlessly. The state-of-the-art security infrastructure & comprehensive governance protocols make your legal document management secure...Learn more about NetDocuments.
Airdesk legal is a document management software that benefits your legal document management workflow in the following ways:
Airdesk legal is a document management software that benefits your legal document management workflow in the following ways:
Prolaw is cloud-based legal document management software. It helps you execute your legal document management process easier. Document organization & cross-referencing files with different clients are possible using this software. It also helps you convert the documents into PDF. And you can view it in multiple formats. It has built-in integration with MS Outlook, Word, Adobe Acrobat, and Reader. The intuitive record management feature optimizes your efficiency in legal document management. It also prevents data loss...Learn more about ProLaw.
Prolaw is cloud-based legal document management software. It helps you execute your legal document management process easier. Document organization & cross-referencing files with different clients are possible using this software. It also helps you convert the documents into PDF. And you can view it in multiple formats. It has built-in integration with MS Outlook, Word, Adobe Acrobat, and Reader. The intuitive record management feature optimizes your efficiency in legal document management. It also prevents data loss...Learn more about ProLaw.
Enterprise legal management software helps businesses manage their legal spending effectively. They also aid organizations polish their legal functions and comply with project deadlines.
However, these are not the only benefits. There’s much more in store!
Everything that a legal department works on goes through the enterprise legal management software, which acts as the go-to source for everyone who works in the department.
This eliminates inaccuracies and discrepancies, and the entire department gets reliable views or suggestions on varied matters.
As a result, legal functions can be carried out quickly and without errors, which directly feeds into increasing efficiency.
No legal department works alone. They need to collaborate with teams within the department and other divisions. When there is a system, everyone can understand what happens and get a unified view on legal matters.
As a result, various external and internal parties can contribute to legal matters and work hand-in-hand to ensure a smooth workflow without much muddling.
With an ELM solution, businesses can analyze various aspects of their operations in which costing is one of the most important ones. Companies can quickly identify areas where costs can be cut down and improvised with the help of an ELM-backed cost analysis.
As the system maintains all documents under the same umbrella, which in turn saves them from spending time on browsing through.
The software solution also helps schedule a variety of activities, like contract renewal and subscription payment, which can further bring down penalties and late fees.
An ELM system helps the legal department carry out all its major functions with efficiency and quality compliance.
Here is how legal departments can leverage enterprise legal management software:
Using sturdy legal management systems, businesses can effectively trace, analyze, and optimize their costs for internal activities as well as external counsels.
A corporate legal system enables the legal department to:
An ELM solution also helps the legal department assess the status of the inventory and legal matters from time to time.
With the aid of an ELM solution, legal departments can:
Businesses often enter into a range of contracts, and they need to be maintained and renewed as their expiry comes up. There needs to be a proactive approach by legal departments in managing their contracts as well as update the clauses if necessary.
Apart from this, corporate legal management systems also help with:
ELM solutions also play a crucial role in helping businesses examine various key performance indexes of their legal teams to improve performance.
A legal management solution can assist businesses in:
Enterporise legal management software solution also helps businesses carry out timely and extensive legal analytics. They can use the insights and intelligence inferred from analytics to make better decisions.
With the help of a legal management system, businesses get to:
In today's technology-driven world, it is easier for parties to steal and monetize proprietary data and digital assets of organizations. However, with the help of the best ELM software, organizations can thwart such malicious efforts of third parties constructively.
Leveraging the use cases of a legal management system, businesses can:
ELM software can also help businesses ensure compliance with legal requirements according to industry, local, and national legal requirements.
Having an efficient legal management solution can help businesses in:
If you are looking for well-built oftware to manage legal department operations and functions, consider the following features:
Choosing the best ELM software can be a daunting task, especially when it is an important component of managing your legal department. So what can you do to select the best solution that meets your goals?
Here is what you can do:
The best enterprise legal management software is the one that meets all your requirements. So before you start searching for an ELM system, understand your requirements. Consider what you want to improve and how you want to do it.
Once you know where you are falling behind now and what you need to work on, you can list your expectations from the software.
As per that list, you can start searching for the software, which will lead you to the most suitable one for your business.
The next thing you need to consider is your budget. How much can you spend, and how higher can you go with the pricing? You need to set realistic expectations with the pricing and budgeting.
When you have set your budget and established a pricing range you are comfortable with, you can consider the software solutions that fall within your budget range.
It helps you save a lot of time as you need to consider only those options that fall within this range. You can also consider solutions that offer a free trial, such Clio.com, Practicepanther.com, Amberlo.io, etc., to see how they work for you.
As a business, you want to grow. Everything you do is in the hopes that you are going to grow gradually. Hence, while selecting an ELM system, make sure that it can scale up as your business grows.
If you fail to do this, it will be hard for the software to live up to your mounting requirements, which can make it challenging for your business in the long run. And it would be even more cumbersome to migrate to another ELM tool.
Therefore, when you are considering the software, look for such solutions that can accommodate your future needs, as well.
You don't know when you need help with your enterprise legal management solution. Therefore, you need to ensure that the customer service of the tools you choose is timely and available when you need them.
Conduct research on the internet to learn about the general consensus about customer service.
Try to understand how prompt and professional the customer service team is. Do they help you on time? How long do they usually take with billing issues? What's the average time they take to solve technical issues?
Going with a system that offers priority support 24x7 is the best choice.
You are going to store a lot of potentially sensitive and private information about your clients, cases, and litigation details on your software. The security of the documents and the data on your system is a huge responsibility that falls on your business. Therefore, the tool needs to be super-secure, and you need to ensure it when choosing your tool.
Look at the technologies and security systems they use within the tool. How do they help you control the access? What happens if there is a breach?
Get concrete answers from the onboarding team before you commit to the corporate legal software.
The last thing you need to do before buying the tool is to have a live demo of the software. Most of the ELM systems provide a demo to their clients, and you must ask them for it as well.
It can help you better understand the process and the system's performance. This is where you can test the software before you subscribe to one of their paid plans.
The users of enterprise legal management solutions can be put into two categories:
As attorneys are directly involved in the legal matters of businesses and their own clients, they extensively use enterprise legal management software solutions. The software helps them track billing hours, manage litigation documents, check their schedule, etc.
Lawyers can also leverage enterprise legal management solutions to collaborate and work with external agencies, streamline their communication, and share documents.
An ELM solution is the best way to automate repetitive tasks that legal staff need do on a daily basis. The software enables users to automate workflows and system rules for certain functions.
Doing so can help legal staff to free their time up and use it for more productive and value-adding activities.
While we have discussed the advantages of using ELS systems for a business, they are not without challenges.
Here are a few challenges you might encounter while adopting ELM systems for your business.
Adopting a software product and using the same for managing daily legal operations can be challenging for businesses and employees. You can manage this challenge by preparing the team and your business for adoption.
Another challenge is training the lawyers and legal staff to use the software to its full potential. For this, you need to create a thorough training program for everyone in such a way that the training does not interfere with your daily operations.
Another challenge you may face is integrating enterprise legal management systems into your other business management and communication systems. Most ELM software providers would help you with the migration. Prepare your business and operations for the integration in advance so that your operations are not entirely interrupted.
If you are moving from one ELM software to another system, migration can be a challenge and might interfere with your dregular legal operations. So create a migration strategy with your new ELM software provider and carry the process out with their help.
While these are a few challenges that you might face, these are in no way unmanageable. And the benefits the software brings outweigh the drawbacks. Therefore, when you consider setting up a corporate legal solution for your business, include strategies to manage these early hiccups.
Once these issues are examined and resolved from the beginning, you are good for smoother sailing.
Apart from ELM software solutions, there is a wide range of software applications you can use to meet the needs of your legal firm.
They are as given below:
As you would have guessed, legal billing software enables businesses and law practitioners to manage their billing processes. It ranges from tracking billing hours and subscriptions of clients to sending invoices, receiving payments, tracking dues, and managing collections.
There are also billing systems that help businesses manage taxation.
An excellent legal billing software solution can improve the efficiency of your business' billing process and ensure you are paid on time.
Having an effective and reliable software system to manage cases is crucial for any legal business. That's what legal case management software does. It helps you update the status of your cases, collect and store documents, plan litigation, and make notes.
With the help of a legal case management solution, you will never miss a case date or crucial updates.
With the right tools to help, you can always manage your cases and clients hassle-free, always,
In a lawsuit, supportive documents play a huge role as evidence. With the help of an e-discovery software solution, you can streamline the process of collecting, processing, assessing, tagging, and presenting electronic documents during litigations.
Attorneys and legal businesses must use tools that help them quickly find relevant information and present it effortlessly. An ideal solution must also be quick, easy to use, and cost-effective.
With the help of a reliable e-discovery solution, you can expedite resolutions and alleviate litigation risks.
Litigation software is a solution that helps legal businesses, in-house legal teams, attorneys, etc., track and manage their litigation from diverse jurisdictions successfully.
It also helps them organize their daily litigation activities and related information, such as the case description, court details, parties involved, and key details and notes.
Regardless of the size of the business, litigation management software can be used by every law firm to improve the efficiency of their litigation process and productivity.
Adopting an ELM system could yield massive ROI for your business. Hence, this needs to be done after extensive and careful consideration. The best thing you can do to take advantage of the solution to its full potential is to create an ELM strategy for your business.
The strategy will help you govern and regulate the adoption, implementation, and integration of the tool. The strategy must also have adequate room for contingencies and challenges. Once the strategy is set, you will always have an ELM master guide to rely on when challenges arise.
For an organization that wants to improve the performance of its legal team, an ELM system is definitely a savior. Intelligently integrating it into your business as per its unique needs is what makes it successful.
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