Law firms are investing heavily in software and services meant to automate and streamline their work and promise to replace lawyers with artificial intelligence and other tools since AI is storming the legal community. Many lawyers already use technology-assisted review (TAR) programs to sort through massive discovery projects. AI is becoming so dynamic that these solutions can now help lawyers in virtually any area of practice that deals with large and complex data sets. AI technology is so innovative because it does much more than reviews – instead, these programs can understand legal data and provide lawyers with information and trends they can use to decrease risk and make better-informed case decisions. AI could also help automate mundane tasks, workflows, and other standard business processes. Overall, AI and big data analytics are expected to help lawyers achieve better insights into cases, identifying connections, and correlations to generate more predictive outcomes. Being a service industry, it is vital and precarious for law firms to track the profitability and productivity of the delivery. Factors like client generation, billed hours, billings receipts, etc. have become crucial for practice. Legal technology has made it easy to create such reports and analyze the same. Legal professionals are more inclining towards the cloud to conduct their business. Cloud solutions are ideal in this industry because lawyers are always on the go and need access to their files from remote locations. However, security is an ongoing concern. An unsecured cloud leads to the possibility of a data breach. As such, some lawyers are still wary of using the cloud to store super sensitive information. Understanding the security and encryption methods that a specific cloud solution utilizes is something all lawyers and firms should do before using them. The upcoming year will see a continuation of some of the key trends at the intersection of law and technology. Client priorities will drive continued growth in the legal technology industry, forcing firms to adopt systems that support greater efficiency. Lawyers who are savvy in both the legal implications of technology and the application of technology to the practice of law will see their fortunes rise, while those without such skills will face an increasingly more stringent competitive landscape. Corporate legal departments are likely to continue to demand new and improved technology solutions and alternative legal services offerings, as in-house lawyers, driven by organizational priorities, seek to become more efficient and effective. In the recent years, many online platforms have come up which provide prospects to potential clients to connect with the lawyers for simple services ranging from trademark registration, leases, registration and execution of wills, contracts and lease agreements, to dishonoring of cheques, recovering suits, consumer complaints, etc. Legal service providers connect lawyers and categorize them as per their practice areas, localities and fee schedules, making it easy for the client to do the cost evaluation apropos sensitivity of the matter. The effort to find and determine the right legal consulting/services companies may seem a daunting task for the law firms. Equipping oneself with the full range of legal services and consulting required to address a company’s issues to ensure a more favorable outcome is never a concern that should be taken lightly. With so many legal consulting/services companies offering similar services at the same price, APAC CIO Outlook’s editorial board has assessed and shortlisted some of the most prominent organizations in the industry such as CSC, Special Counsel, and Libera. We present to you – “Top 10 Legal Tech Consulting/Services Companies – 2019”.
Top 10 Legal Tech Consulting/Service Companies 2019
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Top Legal tech Consulting companies
CSC
CSC Digital Brand Services is part of Corporation Service Company (CSC), a recognized leader for business, legal, and financial services worldwide. The business offers services in corporate domain name management, cybersecurity, online brand protection, new gTLDs, TMCH and .brand, social media username registration and monitoring, SSL/TLS digital certificates, brand monitoring, anti-phishing, anti-counterfeiting, and enforcement. Additionally, CSC effectively manages, promotes, and secures its clients’ valuable brand assets against the threats of the online world
Special Counsel
Special Counsel is a leading provider of legal consulting, attorney recruiting, legal talent, legal technology, and eDiscovery solutions, with a growing international footprint. The enterprise is a part of the Adecco Group, a leading provider of HR solutions. With eQ, the business’s expertise extends to offer a comprehensive suite of eDiscovery and managed solutions. Special Counsel’s services are provided as stand-alone services or integrated packages to best support their client’s individualized needs, including information governance, litigation management, ECA, and ESI processing, hosting and analysis, managed review, production, dedicated project space, and SightManager
Axiom
Axiom provides tech-enabled legal, contracts, and compliance solutions for large enterprises. Its solutions combine legal experience, technology, and data analytics to deliver work in a way that dramatically reduces risk, cost, and cycle-time. The firm comprises 2,000-plus lawyers, professionals, process engineers, and technologists who serve over half the Fortune 100 across 15 regions and three centers of excellence globally. Axiom specializes in providing solutions for business of law, corporate law, corporate transaction solutions, alternate legal career, and contracts services
Consilio
Consilio is a global leader in eDiscovery, document review, risk management, and legal consulting services. The company supports multinational law firms and corporations using innovative software, cost-effective managed services, and deep legal and regulatory industry expertise. Consilio has extensive experience in litigation, HSR second requests, internal and regulatory investigations, eDiscovery, document review, information governance, compliance risk assessments, cybersecurity, law department management, contracts management, legal analytics, paper discovery, and digital printing, as well as legal recruiting and placement. The enterprise and its global family of companies, Advanced Discovery, Altep, Millnet Document Services, and Legal Placements Inc., employ leading professionals in the industry, applying defensible workflows with patented and industry-proven technology across all phases of the eDiscovery and risk management lifecycle
Dennemeyer
The Dennemeyer Group has more than 55 years of experience in delivering quality Intellectual Property services such as patent annuities, trademark renewals, recordals, as well as strategic IP consulting and cutting-edge software solutions for effective IP management. Working in unison with the law firm Dennemeyer & Associates, Dennemeyer also provides IP law firm services such as EP validations, PCT nationalizations, trademark and patent filing, prosecution, and much more
Elevate
As a law company, Elevate provides consulting, technology, and services to law departments and law firms. The business’s global team of lawyers, engineers, consultants, and business experts extend and enable its customers’resources and capabilities. Some of the services that Elevateoffers are Legal efficiency consulting, legal services provider, legal technology provider, eDiscovery, managed services, medical claims and litigation, procurement analytics, and legal talent acquisition
Epiq
Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action, and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. The enterprise’s subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world
Global Legal Solutions
The GLS Group is a leading legal industry disruptor. The business focuses on releasing the latent value trapped in the inefficiencies of the Traditional Law model as well as creating entirely new value scenarios. GLS’s world-class solutions are available to all legal industry participants and are helping create a more accessible and sustainable legal industry. Some of the services that the company offers is technology-enabled legal support solutions, legal technology funding, support resources, legal product innovation, legal function efficiency, private equity investment, and legal services
Lawyers On Demand Limited
Lawyers On Demand (LOD) is a leading legal service provider. The enterprise is committed to enabling lawyers to take control of how (and where) they work and assist clients to focus on outputs and not overheads. Winning numerous awards along the way, LOD is continually recognized for creating different and better ways of working for both lawyers and legal teams. LOD offers lawyers the freedom to work how they want, the stimulating environment they deserve, and the support they need to succeed. Additionally, they have the opportunity to work with some of the world’s top businesses across a range of environments and industries
Libera
Libera is created as an On-Demand Services which simplifies the legal job by providing a flexible solution to handle SMEs’legal issues or problem. The enterprise’s mission is to design accessible legal services for SMEs ranging from contract drafting and outsourced legal officer. Libera’s team consists of corporate lawyers and software engineers, working together to cut inefficiency of a legal job by adding a touch of technology into one platform. The enterprise believes that its work will produce affordable legal services for SMEs and help them grow their business by minimizing the legal risks they may encounter
