Over the previous two weeks, I used to be lucky sufficient to attend two of my favourite authorized expertise conferences, in individual and again to again: ABA TECHSHOW in Chicago and Legalweek in New York Metropolis. Usually these conferences happen two months aside, however as a result of unfold of the omicron variant, Legalweek was postponed this yr and occurred one week after ABA TECHSHOW. This date change resulted in a whirlwind of what felt like nonstop networking and events — with only a few facemasks in sight.
A Jarring, However Enjoyable, Transition
After two lengthy years of pandemic-related social distancing measures, it was completely great — albeit a bit jarring — to attach with shut mates and colleagues face-to-face. On the heels of years of isolation, it felt extremely surreal to socialize in giant crowds of principally maskless individuals. The tradition shock was actual, however total the various advantages of connecting in individual far outweighed any reservations that I had about socializing nose to nose.
I wasn’t the one one who struggled to reconcile my conflicting emotions concerning the conferences. A number of of my fellow legaltech colleagues shared their views on the wonderment and weirdness of lastly assembly up in individual on the conferences, together with Bob Ambrogi, Stephen Embry, and Kevin O’Keefe. Their posts are nicely price a learn.
Let’s Discuss Legaltech
This yr, I attended ABA TECHSHOW with my “MyCase hat” on, and it was nice to attach with the MyCase crew. What made this yr particular was that my work colleagues from three corporations just lately acquired by MyCase — CASEpeer, Soluno, and Woodpecker — have been within the sales space as nicely.
As compared, at Legalweek, I used to be sporting my “press hat” and had the chance to attach with of us from numerous corporations for functions of this column and one other that I write for the ABA Journal. A number of corporations caught my consideration this yr as a result of that they had one factor in frequent: an revolutionary method to streamlining enterprise operations in legislation corporations.
Notable LexisNexis Updates
First, there’s LexisNexis. At Legalweek, I met with representatives from LexisNexis, together with Jeff Pfeifer, chief product officer, Canada, UK, USA; Karl Harris, CEO of LexMachina; Mark Koussa — principal product supervisor, new product improvement and litigation options; and Dave DiCicco, senior director, product administration and API technique. I’m at all times concerned with studying what LexisNexis is as much as since they personal a lot proprietary content material and have considerably invested within the AI instruments wanted to make the info actually helpful for legislation corporations.
There have been two bulletins from LexisNexis on the present that stood out to me. The primary was the launch of their “World API Developer’s Portal.” The newly launched LexisNexis APIs cowl 99% of their content material, and the objective is to make all insights in LexisNexis accessible to their clients by way of a set of API instruments. Utilizing the World API Developer Portal, organizations will be capable of create personalized workflows or new purposes by leveraging content material from LexisNexis.
I discovered the Lex Machina API to be notably notable because it supplies entry to analytics knowledge and insights, together with case resolutions, damages, treatments, findings, and up-to-date info on attorneys, legislation corporations, and events. The analytics will be built-in into a corporation’s shopper relationship administration (CRM) system, matter administration platform, or different inner purposes as a way to present insights on each inner legislation agency knowledge and exterior knowledge obtained from different sources inside LexisNexis.
I additionally discovered concerning the deliberate April launch of “Reality and Difficulty Finder,” a device that provides one other method to keep away from context switching between the assorted purposes utilized by legislation corporations. As a substitute, it’ll create a house base for all related litigation knowledge by displaying authorized and nonlegal content material in a single location. It would additionally present superior search capabilities in order that knowledge will be simply accessed. A visualization and analytics dashboard will embrace related info particular to a matter and can make it straightforward to find settlement and verdict quantities by damage or jurisdiction, and also will present knowledge on knowledgeable witnesses utilized in comparable instances. “Reality and Difficulty Finder” is launching to private damage customers in April and shall be expanded to 5 different apply areas in July: actual property, mental property, labor and employment, enterprise and company, and insurance coverage.
Billseye: Simply Seize Billable Cellphone Calls
I additionally discovered about Billseye, a singular time-tracking device. Everyone knows that billable time is the bane of existence for a lot of attorneys, nevertheless it’s however of nice significance for the reason that failure to precisely observe and seize billable time may end up in misplaced income.
Sadly, capturing billable time is usually a problem in case your agency isn’t utilizing the correct expertise. In truth, in keeping with the MyCase 2021 Authorized Business Report, nearly all of authorized professionals surveyed (61%) reported that capturing billable time is a problem at their agency.
Notably, the survey outcomes additionally present the overwhelming majority of legislation corporations use some sort of time-tracking software program (81%) and that doing so pays off: 9% reported that their corporations captured greater than 15 hours every month with time-tracking instruments. One other 8% captured 11 to fifteen hours, 17% tracked a further six to 10 hours, and 21% added one to 5 hours.
Nonetheless, generally not all billable time is definitely captured, even when your agency makes use of sturdy legislation apply administration or authorized billing software program, particularly if you’re in the midst of a billable exercise and it’s interrupted, usually by a telephone name. Typically you keep in mind to seize the time spent on the telephone name; generally you don’t. That’s the place Billseye software program is available in — it fills that time-tracking hole.
I discovered about Billseye after I participated on a panel at Legalweek, “Accelerating Range in Legaltech Funding.” Certainly one of my co-panelists, Alcide Honoré, is the co-founder of Billseye and he shared the way it works. Billseye is an Android app that interfaces along with your cell phone and when a name from a shopper is available in, you reply the decision utilizing the Billseye shopper button. From there, the app tracks the size of your name, and when you dangle up you possibly can add a word earlier than logging the decision. Later, you possibly can export the decision log out of your gadget with the intention to then enter the time into your agency’s authorized billing or case administration software program, thus making certain that you simply by no means lose observe of time spent on billable telephone calls.
Till Subsequent 12 months
So there you may have it! From a time-keeping app for cell phones to the newest choices from authorized expertise behemoth LexisNexis. It’s an enormous leap in a single column, however that’s what these conferences are all about: discovering out what’s new and revolutionary in legaltech, whether or not it’s being delivered by a small startup or a big software program firm.
Innovation within the authorized house will be discovered in lots of locations, however these two conferences are nice locations to start out. When you weren’t capable of attend this yr, right here’s to seeing you at one of many conferences subsequent yr in 2023!
Nicole Black is a Rochester, New York lawyer and Director of Enterprise and Neighborhood Relations at MyCase, web-based legislation apply administration software program. She’s been running a blog since 2005, has written a weekly column for the Every day File since 2007, is the writer of Cloud Computing for Attorneys, co-authors Social Media for Attorneys: the Subsequent Frontier, and co-authors Prison Legislation in New York. She’s simply distracted by the potential of vibrant and glossy tech devices, together with good meals and wine. You possibly can observe her on Twitter at @nikiblack and she or he will be reached at firstname.lastname@example.org.