Vendors tout the benefits of their software, including its return on investment, but none of them can offer objective, comparative and empirical support. A recent white paper on contract management software directs us to this point. The conclusion states that “contract automation and management can save time, cut costs and…
When someone refers to “licensed” software it excludes software that it bought outright. That probably doesn’t happen much with law departments, but the term “commercial software” has broader, and more accurate coverage. In pursuit of clearer terminology, it may be more precise to refer to “home-grown software” rather than “customized.”…
At some point of departmental size or maturity, general counsel often have a stake in several kinds of legal software. They and their managers confront whether to license “point solutions” that provide specific capabilities or to license fewer solutions that combine capabilities. Some departments favor a single vendor whose offerings…
Wormhole as Best in Show at LegalTechNY? Here is a technology flash from Charles Christian’s American Legal Technology Insider (#43) February 2012, at 5. I quote his note in full. “The most interesting product we encountered at LTNY 2012 was a system not on public show but merely in the…
I have commented before on the amount of information Legal Suite makes public, in striking contrast to the close-mouthed approach of other matter management vendors (See my post of Jan. 27, 2012: revenue, specific users, installed base.). The company’s newsletter this month had more detail. “Heading towards the 400th customer?…
If you’re reading this and your company sells software, help the rest of us with a comment. What are the differences between these five terms? Some connotations for me are below but many distinctions and definitions elude me, not to mention there may be other terms that deserve to be…
How contracts are managed by legal departments is one of the topics covered by Exari’s white paper, Corporate Counsel Contracts Survey Report, Dec. 2011 at 12. A column chart shows the results from approximately 100 legal departments. Given four choices regarding the percentages of the techniques they use to manage…
ALM Legal Intelligence compiled responses from 107 senior in-house counsel, about three-quarters of which were general counsel. The summary of the report, in Law Tech. News, Feb. 2012 at 24, says that almost two out of three of the respondents come from companies with annual revenue of less than $1…
By my rough count, at least six vendors at LegalTechNY offered SharePoint applications. For example, Handshake Software explained to me that its software can draw on the structured, SQL data in any matter management system and put that data into SharePoint. It sounds like the ubiquitous software takes a step…
If you are with a law department, and if you are not interested in document review products – litigation support products, the pickings were slim at LegalTech NY other than matter management (See my post of Jan. 5, 2012: 11 matter management systems with booths at LegalTech.). Even consulting assistance…