Quietly seeing Explosive Growth in Legal (part 2 of 2)
This is part II of Keith Vallely's story about the current state of Microsoft's Matter Center. Part 1 was published last week and can be found here.
When deploying a Matter Center instance, the technology partner must consult with their client and determine how much data is to be captured before Matter/Project creation, and what is to be used for document metadata tags, and what is to be used for reporting purposes.
Quietly seeing explosive growth in legal (part 1 of 2)
History - At the end of 2015, with tremendous excitement, Microsoft released to Github all the source code for their ‘highly acclaimed” Matter Center. The Matter Center was developed by Microsoft Legal Department for the sole purpose of providing an easy to use mechanism to turn Office365 and SharePoint online into a world class legal document management system. During 2014 and 2015, Microsoft had shown the Matter Center off at various legal technology venues to great fanfare, leading to much anticipation for its release and support to the legal community.
It’s no secret the trend to the cloud is gaining momentum. Adoption of cloud-based solutions across firms of all sizes was up an average of 68% in 2018 in comparison to just 51% in 2015, according to ILTA’s 2018 Technology Survey results. Not surprising are three high ranking reported barriers to cloud adoption: Cost, client restrictions, and integration and expandability. This article touches on the considerations that most affect a successful transition to the cloud.
Many corporate legal departments today deploy document and email management systems (DMS). Documents are the lifeblood of lawyers and they produce a plentiful supply of them. It is critical that they have a very effective document management system to assist their department to be more efficient, increase productivity and mitigate risk.
As companies look to automate more processes to keep pace with rising consumer demands, artificial intelligence (AI) is no longer some far flung technology being used solely by tech giants. In fact, AI is exiting uncharted territory and entering the mainstream of the enterprise — allowing companies to introduce smarter processes without disrupting workflows.
Take legal teams for example, which handle a variety of routine, administrative tasks like document editing and routing. According to a report by SpringCM, legal is the primary department that handles contracts for 59 percent of businesses.
According to the recently published ILTA 2018 Technology Survey, 69% of surveyed firms expect to move to the cloud in 2019, an 18% increase compared to a few years ago. This presents an immense opportunity for firms large and small, making the shift to of the cloud, to optimize target system capabilities and ultimately improve workflow and business processes. Content migration takes on many forms depending upon systems and the firm’s needs, but in order to take full advantage of any new cloud system, some level of data transformation must take place. Let’s dive in.
How do you energize a user base that’s already undeniably satisfied using one of the most successful document management platforms? You offer bold predictions, tightened-up security, tenacious commitments, numerous platform upgrades, a fondue party and plates of melted cheese – all built on a stellar 19-year record of over-achievement with a laser-focus on the future.
Large scale enterprise content management (ECM) system migrations have typically been accomplished using a combination of import software, support utilities, fix-it scripts, database scripts, and expertise on the internal workings of both ends of the process. Make a mistake? Run some SQL statements and clean it up. Not fast enough? Write document files directly to the file system. While migration methods and best practices are abundant, typical on-premise migration engagements are usually services-heavy.
The first transoceanic event for the Australian Legal Technology Association brought a group of U.S. firm lawyers, in-house counsel, consultants, media and industry commentators a look at Australia-based legaltech solutions.
Today’s leading law firms have many things in common, whether it is top talent, steady firm leadership, efficient business operations, or the access and ability to leverage cutting edge technology. These top firms are increasingly recognizing the significant value associated with innovative approaches to client service that include integrated teams and their ability to offer broader and deeper technology solutions. Firms staying on the cutting edge of technology are moving to more flexible, modern enterprise content management (ECM) platforms for example, and becoming more client-centric by leveraging third party collaboration solutions.
Law firms face constant threats in cyberspace. They hold a treasure trove of sensitive data that’s attractive to everyone from homegrown hackers to hostile nation-state actors, and according to the American Bar Association 2017 Legal Technology Survey, 22 percent of law firms experienced a cyberattack in 2017 (up from 14 percent in 2016). Following a breach the global average “dwell time” for an intruder to remain inside an organization is 191 days. The most infamous law firm hack to date was the breach of the Panamanian law firm Mossack Fonseca, which ultimately led to the firm’s closure.
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