WHAT CAN LEGAL AUTOMATION SOLUTIONS DO FOR IN-HOUSE LEGAL TEAMS?
Discover how automation can drive greater cost savings, efficiency and accuracy.
The legal industry is one of the most highly skilled industries today; this has meant that for the most part, consultancy firms have had no choice but to complete every activity manually.
Today, legal labour isn’t just very expensive, but also very inefficient.
Fortunately, with advances to legal process automation, this reality is transforming.
Now, automated processes in the legal industry are taking over low-skill but high-priority tasks like document review, email management, and even contract creation.
Although automation is not the most cutting-edge innovation, the legal sector has been slow to adapt to technological advances.
With the increase in administrative tasks, however, automation technology is a fantastic solution to reduce the workload of legal teams and free them up for more value-added services.
By 2024, legal departments are expected to automate 50% of work-related transactions.
What does process automation for in-house legal teams look like?
Given how rapidly automation capabilities have advanced, these workflows now allow you to create regulatory complaint contract templates on a much faster timeline.
Instead of coming up with a new contract for every negotiation, an automated system can be loaded up with customisable templates that you can use as and when the need arises.
Additionally, with AI-powered contract reviews, it’s easier to catch basic errors that would otherwise take a significant amount of time and effort to detect and address.
E-billing solutions like legal spend management software, in turn, extract and analyse data from within invoices. You can use this to create comprehensive financial reports including insights into legal spending, average hourly rates, and team efficiency.
With document management solutions, you access automation capabilities to share and collaborate on documents like invoices, contracts, and memos, making your files accessible to everyone in the team and ensuring better decision making.
Automatic document categorisation and custom labelling also make it much easier to filter and edit your documents.
What can legal teams do with process automation?
Reduce the time spent on non-billable processes
Prepare legal documents faster
Streamline routine processes to improve productivity
Manage and collaborate on documents
Mitigate costly process risks
Ensure greater compliance with relevant legislation
Transform your in-house legal activities with Launchy
If you’ve been considering the boons of legal process automation and planning your automation rollout, we can provide you with the expert guidance you’re looking for.
At Launchy, we’re an end-to-end partner for your automation strategy. From helping you choose your tools to implementing your rollout and training your teams, we make sure your journey is nothing but streamlined and stress-free.
Our partnerships with world-class system providers, like Keap and HubSpot, ensure your automation success from A-Z.
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FAQs
Legal automation refers to the optimisation of legal processes across the various teams of consultancy practices. Here, automation is rolled out to streamline routine activity like contract drafting, document reviews, automatic billing to boost the productivity, efficiency and accuracy of legal offices.
Many necessary but low-skill, high-priority processes can be automated. This includes signature placement, contract automation, contract review, automated billing management, and risk and compliance management.
An effective legal automation solution provides immediate access to the entire set of tools needed for intuitive workflow automation and process transformation. With automation, you enjoy streamlined processes, increased convenience and productivity, and quick access to insights and analytics.
Each legal team has specific requirements based on their fields of practice and company standards; automation needs to be implemented in line with these.
With the support of an automation consultant, you access the right tools, strategy and implementation support, and training services you need to ensure legal process automation success.
Boost your legal team’s productivity with exceptional business process automation
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