Legal Matter Management Software

-

Matter Management is a term that is widely used in the legal industry. In simple terms, matter management refers to the process of managing a legal matter consisting of confidential data such as the type of legal work, along with details of the attorneys work on the case, budgets as well as the invoices that are collected, tracked and reported on by the legal management. This happens throughout a legal matter lifecycle.  

Matter management usually gets compared to case management, but what is not realized that matter management is much more comprehensive and detailed. A single legal matter consists of a pile of documents and papers that include documentation for a description, contracts, licenses, emails, and more unlike case management.   

Matter management involves support of complex processes such as disputes and litigation, contracts and transactions, intellectual property, claims, legal research, governance and compliance, and much more.  

Additionally, what attorneys and legal practitioners require while handling and being involved in matter management is collaboration. It is extremely important that efficient and seamless communication and collaboration takes place between all the involved parties.  

CE


Moreover, workflow and management are critical when it comes to legal matter management. Just like projects, matters need to be handled with diligence and attention. Many detailed processed including scoping, budgeting, resourcing, task allocation, risk tracking, status reporting and many more need to be given importance.  

With the rise of technology also upsurged the importance of digital legal matter management. For all these complicated processes that constitute legal matter management, a professional legal matter management software is the current and future demand and requirements of law firms.  

This calls for the need of a robust legal matter management software, especially when it comes to handling and storing all that information and stacks of confidential documents available. Additionally, it will help attorneys and legal practitioners work smarter, align with finance, automate admin work, and much more. Legal Matter Management Software

Location: United Arab Emirates

Comments

Post a Comment

Popular posts from this blog

How LegalTech and automation helps in KYC compliance for law firms

-
Image
With the increasing requirements for legal compliance, the risk for law firms steadily increases as well. KYC refers to “know your customer” that refers to the process of verifying the identity of your respective potential customers.  KYC has become a critical procedure as it helps businesses identify customers with criminal intentions that in turn helps them protect their business from illicit financial transactions. KYC also plays an essential role in eliminating risks associated with crimes such as money laundering, bribery, fraud, and more.  As regulations of legal compliance and AML have been developing drastically that involves the legal industry as well, law firms have been taking advantage of technology to handle the entire legal KYC compliance process through automation , particularly when it comes to Customer Due Diligence and onboarding that is usually time-consuming and complicated.  According to a survey by Thomson Reuters, the average length of time it takes...
Read more

A Dedicated Software for Lawyers in the UAE

-
Image
In the past, carrying out legal practice was time-consuming and tedious. This was mainly due to the long hours that communication took, including the administrative tasks that were lengthy and repetitive. But things have changed drastically and lawyers today have started enjoying the way they carry out legal practice.   In the middle east, legal practitioners were still stuck with the traditional way of working in the legal industry due to two main reasons – language gap and cost. This indicated that because Arabic is the local language and automation systems provide just English language option, it was difficult for lawyers to get used to LegalTech. Second reason points out the fact that these automated legal practice management systems are rather costly and law firms usually would not approve of spending too much on technology if they find the traditional style manageable.    All thanks to the evolution of technology, legal practitioners now work with ease with the...
Read more

Why it’s important to implement Case Management software in law firms

-
Image
With the growing importance and demand of technology in the legal industry, law firms are keen to implement specialized case management software for enhanced efficiency and greater accountability.  Today, we look at some more benefits that legal case management software for law firms offers: • Effective deadline management Lawyers and legal practitioners in a law firm struggle with managing deadlines when it comes to numerous cases that they have to take care of each day. A good legal case management software will help you and your team manage these deadlines effectively so that no important date or task is ever missed out. Case management software in law firms will enable you to keep track of your deadlines, maximize productivity, and notify you about the things pending in your to-do lists. • Files and document management Gone are the days when law firms were filled with excess papers, physical files and documents. With the help of a case management software, all your legal case ...
Read more