Market commentators can be guilty of talking about alternative legal service providers collectively as if they have a slightly mythical quality about them and a little bit of pixie dust on tap.
At technology and outsourcing boutique Radiant Law, which operates on an entirely fixed fee basis, there is no pixie dust but the firm epitomises that agility you associate with a new breed of legal adviser.
Taken from a combination of public market sizing estimations as shared in leading electronic discovery publications, posts and discussions over time, this eDiscovery market size mashup from ComplexDiscovery.com shares general market sizing estimates for the software and services area of the electronic discovery market for the years between 2015 and 2020.
Handshake Software clients will now be able to quickly migrate from on-premises SharePoint portals or extranets to cloud-based versions after the Atlanta-headquartered company announced support for Microsoft Office 365 and SharePoint Online.
Last week, Australian commercial data aggregator Encompass Corporation announced the appointment of the former CEO of the UK Asset Based Finance Association, Kate Sharp, as an industry advisor. Understandably the appointment didn’t particularly resonate within the legal sector, but behind the headline, the company is busy executing its plans for significant expansion into the UK legal and financial services verticals.
It’s no secret that law firms and legal departments are looking for more agile technology solutions to help them improve the way they work. The cloud is very appealing to these firms, as cloud solutions offer rapid set-up, pay-as-you-go costs, and eliminate many IT burdens – freeing staff to focus on higher value projects rather than maintaining and patching systems.
Xact Data Discovery (XDD), a provider of eDiscovery, data management and managed review services for law firms and corporations, announced today the company has acquired F1 Discovery, LLC.
News reports frequently recount instances of problems arising in cases due to issues with the disclosure process, which begs the question: what steps can be taken to avoid or, at the very least, minimise the potential risk of these problems occurring in the first place?
How do you help to affect systemic, transformational change within your organisation?
This was a question posed at Legal Leaders IT Forum (LLIT) in Gleneagles, to a panel of four recognised legal innovators from both the corporate counsel and private practice sector, who have turned to IT and process improvement to overcome some of the familiar challenges facing other organisations.
Almost a quarter of law firms have reported being targeted by scammers in the last year, a report published yesterday (28 April) by the Law Society has claimed.
Welcome to the latest issue of the Legal IT Insider newsletter (April 2016 #292). This is our biggest ever issue and, along with all our usual news and reports, also includes the results of our own Brexit v Bremain survey plus a full report on the recent Legal Leaders IT Forum at Gleneagles.
Just under 80% of people working in the legal sector would vote to remain in the European Union in the forthcoming referendum in June, according to a recent survey conducted by Legal IT Insider.
The flash poll, conducted over seven days from 18 April to 25 April, garnered responses from over 300 law firm partners, general counsel, IT directors, legal IT suppliers and other senior personnel working in and around the legal and legal technology sector.
At the time of going to press, the ‘remain’ vote sat at 78%, with many respondents citing potential damage to the economy as their reason for not wanting Britain to leave the EU.
Verizon’s extensive annual Data Breach Investigations Report is out now and worth a read.
As firms enter a new financial year, budget allocation and expenditure gets well underway, with each department battling for a piece of the pie. Available budget is often redirected to other areas of the business to favour staff bonuses, business development and branding, leaving the IT department with little investment to cope with security threats aimed at the legal sector. The number of financial transactions that take place within law firms has made them a target for cybersecurity attacks from criminals worldwide. Therefore, IT must be considered as a tier one investment and not an afterthought which may suffer from reduced funding.
Mainstream media regularly reports on big changes in many markets. Two juxtaposed articles on the front page (below) of the Business & Tech section of the Wall Street Journal (21 April 2016) got me thinking about change in Big Law.
The top-most article, “Market Shifts Slam Tech Old Guard“, describes the revenue challenges that EMC, IBM, and Intel and other established tech companies face because of the rise of cloud and mobile computing.
iManage just announced that its acquisition of new customers more than doubled from Q1 2015 to Q1 2016. The company continues to gain global momentum among both large and mid-sized law firms, as well as corporate legal departments, and accounting firms. During the first quarter of 2016, iManage added more than 50 new customers and saw existing customers expand their iManage footprint by adding mobility and cloud solutions.