3 Innovative Tech Companies Disrupting the Law Industry
In our last few articles, we concentrated on where the law can’t keep up with tech and how the average person becomes vulnerable. But, after drinking our fill of eggnog, eating a little more than we normally would, and having fun with friends and family over the holidays, we decided to start the New Year off a little more positively.
Today, we’re discussing 3 tech companies that are poised to disrupt the law industry…in the best way possible.
So without further adieu:
Manual administration can eat up precious hours of the week. And, tiny little mistakes can mean losing cases or opening yourself up to litigation. Nehal Madhani, an attorney at Kirkland & Ellis, couldn’t understand the inefficiencies he and his colleagues were putting up with. So, he dedicated his spare time to solving to solving the issues.
The result is Alt Legal.
Alt Legal is an IP docketing service that allows law firms of all sizes to track updates changes to their filings and all statutory deadlines. When an important date is approaching, you will receive an email to keep you informed.
This software has the potential to save lawyers hours of time and untold heartache, trying to keep track of everything manually.
If you’ve watched a movie in the last 10 years, the words ‘artificial intelligence’ likely conjure images of robots enslaving the human race. But, LawGeex is proving that AI can be life-changing in a much more upbeat way!
Instead of watching your contracts pile up as they wait to be reviewed and approved, LawGeex allows you to create a set of predetermined policies and can use those parameters scan and approve contracts using AI.
Even if you still want to read and approve each contract yourself (which is probably a good idea), LawGeex is a great organizational starting point. It can highlight and notify you of contract aspects that do not meet your policies, making issues quicker and easier to spot.
It is essentially peace of mind that your policies are always upheld!
Accurately keeping track of billable time is an enormous hassle! One law blogger suggests that lawyers only bill 1.2 hours for every 8 hours they work on average. And chances are, there are a LOT more opportunities for billable time in the day that aren’t being accounted for.
And billable time literally equals money, so…
Ryan Alshak and Kourosh Zamanizadeh founded Time by Ping to help you track those precious minutes. The software integrates with common tools like Word and Outlook to make using it as straightforward as possible. All you have to do is describe what you’re doing, and as long as you are active in those programs, the timer will keep track.
When you’re done working, you can view an automatically generated spreadsheet that will list all of your activities, separated by client. You can even go back and forth between billing periods to see what you’re owed.
That’s all we’ve got for today, now let’s take this conversation to Twitter!
Let us know if you already use any of these programs or if you plan on trying them out after reading our article. Do they seem useful to you? We want to know what you think!
You can tweet us @expertdepos and/or use the hashtag #expertdepostech