Why Corporate Legal Departments Use E-Billing Solutions
Technology has come a long way, and there have been continuous advances in the cloud, hardware, mobile computing, and software. Thanks to this, matter management is now a standard part of the toolkits of corporate legal departments alongside e-billing software. These are a big help for legal professionals to be able to create efficiencies, increase business contributions, and most importantly, understand data.
Inclusion and Diversity
The European general counsel, the United Kingdom, and the United States have all begun to prioritize diversity. G.C.s are actively signing pledges and collaborating with law firms to jumpstart innovations that are diversity-related. E-billing and matter management are now also supporting the cause. With these systems in place, in-house counsel can review demographic information on law firms’ timekeepers. The collated data guides change and reveal how work was assigned. It also allows for the monitoring of changed practices, eventually leading to a continuous cycle of improvement.
In-house G.C.s can review internal staff to make sure the company’s efforts towards diversity and inclusion are reflected.
Streamline Administrative Work
Since the global pandemic has forced companies to rethink and reset, many initiatives have come to life to control costs and increase efficiency. Having automation in terms of eBilling and matter management means these priorities are supported, and the time it takes to complete work is lowered considerably.
Legal Technology Finder offers a wide range of trusted, high-quality e-billing and matter management providers to choose from, including Aderant and SimpleLegal. It is imperative to find the best options for providers through a trusted portal. This allows for corporate legal departments to align with the initiatives of the corporation through the increase in output and saved time.
Better Management of Workload
Tracking of internal time for in-house legal professionals will be able to shed light on the work both lawyers and staff members are assigned, and the tasks they’re performing. This allows for changes that are immediate based on the data gathered. It is possible to identify substantive assignment versus surface administrative with reporting, as well as matters that are high-risk versus repetitive work. The same data can also be used to navigate future hiring, justify budgets, and in guiding recruiting efforts.
The reality is, corporate legal work goes beyond the boundaries of a corporate legal department. It stretches to the whole enterprise: compliance, marketing, sales, human resources, and more. When there’s a central platform for technology, corporate legal can use apps to increase responsiveness and efficiency across departments.
The legal team can then work in a cross-functional sense, eliminating the “black box” perspective. Many groups can then be able to send information to legal so they can review it, and appropriately engage outside legal counsel working with legal. Of course, legal still has oversight.
There are a lot of helpful aspects in terms of legal technology. It essentially allows for far more efficiency which, in turn, allows attorneys to have the ability to process more quantities of work.
Need a legal contract management tool? Contact Legal Technology Finder today!