Legal Operations Platform Legal Ops Software …
Leverage data to objectively evaluate vendor and law firm performance. Strengthen partnerships with those who consistently deliver expected outcomes. Learn more Reporting & analytics. Keep a pulse on the health of your legal department through a robust set of reports. A comprehensive view of spend, operations, and vendor performance yields
Actived: 8 days ago
Best law books: the ultimate reading list for legal
(4 days ago) Law students will find it helpful in their criminal law class to understand the Model Penal Code (MPC), as well as theories of punishment, legality, and proportionality. The latest edition covers topics about accomplice liability, as well as newer laws on sexual assault and self-defense.
What is legal operations
(7 days ago) Legal operations (also called “legal ops) is the combination of all the business activities, processes, and people that empower an in-house legal team to serve a company’s legal needs using a strategic business approach. Unlike the legal administration team in law firms, which focuses on admin tasks like answering calls, drafting documents
The Basics of Legal Billing Guidelines SimpleLegal
(5 days ago) Legal billing guidelines are a binding agreement between a legal department and a law firm, ensuring payment in exchange for legal work. The guidelines establish rules for legal invoicing formats, staffing, deadlines, and other important aspects of the working relationship.
The First Step to Controlling Legal Spend SimpleLegal
(4 days ago) Law firms will be happy to have direction from their customers. General counsel will be happy with greater transparency into their legal spend. CFOs will be happy with a better ability to plan future expense. Everybody wins. At SimpleLegal, we help customers communicate with their law firms for effective vendor management. We help customers be
AFAs Allow for More Control Over Legal Spend …
(2 days ago) Law firms want to make their clients happy. Bringing more transparency to billing plays a large part in achieving this goal and is something more law firms will be adopting as alternative fee arrangements continue to be a key request from legal teams.
Legal Operations & Legal Technology Resources SimpleLegal
(7 days ago) Insight and best practices from in-house and legal operations professionals. SimpleLegal offers a wealth of legal operations resources from how to leverage legal tech to align with business goals to strategies for optimizing your legal operations. Check out our resource library today!
What Do Law Firms Think about Legal Software SimpleLegal
(5 days ago) Law firms know that clients are generally happy with their service, but aren’t happy with their bill. Legal invoices show up as a surprise to customers when they are delivered several weeks or even months after the work was performed. What other expense do companies have that is a complete mystery until the envelope is opened?
Legal Tech Glossary & Definition Reference Guide SimpleLegal
(3 days ago) Law firms are leveraging their services to support work that would require too many in-house resources. To ensure your legal team is getting the most out of its vendors, get a vendor management system to track performance of both Law firms and ALSPs.
Why Legal Ops Need to Think about a KM Program SimpleLegal
(5 days ago) By breaking out your KM into tacit – things like experience, client information, and skills – and explicit – things like contracts, policies, case law, and legislation – your team can better understand how each member works and operates as an individual and together as a whole.
A Brief Introduction to Legal Accruals Management
(2 days ago) Let’s say a law firm submits monthly accrual estimates for $50,000 in work but ends up billing $63,000. Finance flags the additional costs but isn’t familiar enough with the work to really dig into the discrepancy. So, legal ops steps in and discovers that the outside firm billed several hours of associate-level work at partner timekeeper
Legal e-Billing Software for Law Departments
(2 days ago) Legal e-Billing refers to software that replaces the traditional billing model where legal teams receive paper bills from their law firms via email or snail mail. With e-Billing, legal teams no longer have to review stacks of paper bills and manually enter line items into spreadsheets to generate reports. e-Billing helps track spending with the
M&A legal fees: 3 areas that rack up costs and how to keep
(6 days ago) Legal fees are among the top costs in mergers and acquisitions (M&As): where an accounting firm may charge up to $75,000 to advise in an M&A transaction, a law firm may charge more than $100,000. But while M&A legal fees are high, the cost of no or poor legal guidance is far higher. Mergers and acquisitions are complex business transactions that can go wrong without proper legal …
Best Practices for Managing the Accruals Process SimpleLegal
(9 days ago) Arming law firms and vendors with all the information and tools they need for success. To increase confidence in your accruals numbers and to help your law firms be as accurate as possible, communicate expectations and process in a clear way that can be …
Feature interview: legal operations within the law firm
(8 days ago) Many law firms have what I call a “positional leader” – a member of the executive team who wants to control the operational movements of the firm. Unfortunately, this often translates to the law firm running more like a consensus law practice where …
Key Insights GCs and Legal Ops Have with SimpleLegal – And
(7 days ago) Of course, legal operations management platforms that incorporate e-Billing and spend management provide valuable insight into the spend by law firm (and even breaks it down by timekeeper, matter, and more). But, just because a firm has been used before, doesn’t mean they are the best for the project at hand. What about which law firms support alternative and fixed fee arrangements?
23 Questions to Ask When Evaluating e-Billing SimpleLegal
(5 days ago) 23 questions to ask when evaluating a current or potential e-Billing solution. e-Billing is quickly becoming the technology of choice for legal departments – and for good reason. The solution acts as a system of record, enabling a legal team to efficiently manage the contacts and law firms a department works with, the projects each law firm
Legal Billing Guidelines Best Practices Sample Outside
(3 days ago) Legal billing guidelines best practices. We analyzed hundreds of pages of legal billing guidelines to uncover commonalities and best practices, and have compiled them in one comprehensive white paper! This white paper will provide insight into: Clearly and purposefully communicating guidelines to your law …
What is a LEDES file
(8 days ago) A 2021 guide to LEDES format for legal teams. LEDES is an acronym for Legal Electronic Data Exchange Standard, and LEDES format refers to legal invoices that adhere to those standards. Both legal operations teams and law firms can use LEDES files to streamline the billing process, save time, and gain better control over legal spend.
2021 Guide to UTBMS Codes and ABA Codes ABA Task Codes
(5 days ago) The Uniform Task-Based Management System details a series of code sets that law firms use to classify services on electronic invoices that they send to clients, such as legal operations and corporate legal departments.UTBMS codes make detailed spend reporting possible by ensuring that each task and expense is categorized.
What is business intelligence & why should legal teams
(6 days ago) With business intelligence tools, there’s no need to review every matter type or law firm individually. Visual reports provide an overview of all spend and then allow you to drill down into the details. Armed with deeper insights, your team can predict budget needs for future matters.
(6 days ago) Intuitive technology to scale legal operations. SimpleLegal is an intuitive legal ops solution that gives you all the tools you need to run a highly efficient business unit – proven with 350+ legal teams of all maturity levels. SimpleLegal: Your Legal Ops Command Center. 1:34.
Law firm diversity programs: how to track the diversity of
(3 days ago) Holding Law Firms Accountable. Legal departments are evaluating and reworking outdated law firm billing guidelines to include diversity criteria, making their expectations for how law firms staff their matters known from a project’s onset. Earlier this year, Kim Rivera, General Counsel at Hewlett Packard, announced the company may withhold up
2 things you can do to track your outside law firm
(Just Now) An effective survey you can ask all your potential outside law firms to complete is the ABA Model Diversity Survey. It shows how diverse a company is by collecting diversity data on schedule flexibility, compensation, partnership ranks, hiring practices, and retention rates. For law firms you already work with, we always recommend annual
Legal Vendor Management System Panel Management Software
(4 days ago) SimpleLegal provides vendor and panel management to help in-house legal teams track, manage, and optimize law firm work. Plus, CounselGO makes the invoice process easy and painless, meaning higher adoption rates and increased collaboration. Contact us to learn more!
Do All Your Law Firms Submit Invoices via Your e-Billing
(1 days ago) This is why your goal with e-Billing should be 100% law firm adoption. If you are thinking about adopting an e-Billing solution, or currently have an e-Billing solution but don’t have all of your law firms submitting invoices via the system, it’s important to think about what might be hindering adoption.
Matter Management vs Case Management SimpleLegal
(8 days ago) Matter Management (also referred to as Legal Matter Management) is the process in which matters and related data, such as type of legal work, attorneys on the case, budgets, and invoices, are gathered, tracked, and reported on by the legal department throughout the matter lifecycle.Think about a matter like a project, a way to categorize your expenses and better understand where your …
The Basics of Law Firm & Outside Counsel Management
(2 days ago) Law firm selection is an incredibly important factor in a company’s success. Legal teams need a way to measure outside counsel performance, ensuring they aren’t only selecting the most cost-effective firm, but also partnering with those that provide the most value to their business.
Training Law Firms and Vendors on Accruals Free Template
(4 days ago) The Law Firm Training Template provides a framework for: Training your law firms on the importance of accruals. Helping your law firms accurately and effectively calculate accruals. Explaining how and when your law firms should submit accruals. It’s not just an accounting exercise. Timely billing and accurate forecasts are a critical factor
8 ways to vet your e-billing solution for law firm adoption
(3 days ago) In this white paper, we're sharing evaluation criteria that will help ensure 100% law firm adoption of your e-Billing tool, such as: The usability of the tool your law firms will have to use to submit invoices. Payment status visibility for all stakeholders involved. Costs your law firms might incur by using the e-Billing tool.
Insights from the World of Legal Ops & Legal Tech
(2 days ago) SimpleLegal CEO talks legal ops & the future of legal tech on the Evolve Law Podcast. Our CEO, Nathan Wenzel, joined host and founder of QuantumJurist, Inc., Ian Connett, on the Evolve Law Podcast to talk all things legal operations. In addition to sharing a little background on S
5 Accruals Management Best Practices from Fitbit & Veritas
(8 days ago) While law firms were submitting accruals on time from legal’s perspective, finance wasn’t always getting numbers in time to close out the month. Building on points two and three above, Emelita noted that working closely with finance and law firms is a must.
5 valuable insights from Evolve the Law's legal tech
(4 days ago) I just had the pleasure of attending the Evolve the Law ‘Emerging Legal Departments: Legal Tech 101 Roundtable’ in Sunnyvale where Bay Area legal departments networked over breakfast and participated in a panel discussion featuring industry thought leaders:
Insights into Legal Operations with Google's Mary O
(Just Now) Corporate law departments are spending more on in-house resources than on law firms or external legal service providers, with the percentage of general counsel stating their companies need dedicated legal operations staff more than doubling. As in-house legal expertise grows, the demand for legal operations staff grows, too.