The benefits of matter management systems for corporate counsel
Keeping track of activities, outside counsel, legal spend and documents for legal matters used to be a manual process. Today, however, matter management technology enables the process to be centralized and systematic.
March 21, 2014 at 04:00 AM
8 minute read
The original version of this story was published on Law.com
The reality of corporate life is that litigation and legal transactions are always present. Nearly every business transaction requires legal review, and often assistance, from outside counsel. Once litigation becomes imminent, tracking how much money is being spent and which outside resources are being used become important and difficult tasks to manage. Modern matter management technology has made the chore of managing corporate legal matters far more effective and efficient. This article will review the benefits of matter management systems and how they can be effective in your legal department.
Matter tracking
Simply keeping track of active matters and who is working on them can be a complicated task. Matter management software provides a centralized approach to tracking which matters are in play and which resources are being used. Far beyond simple spreadsheets and word processing documents, matter management tools will help you keep track of all matters and their associated details. For example, if you have a litigation portfolio of 30 matters, modern matter management software will help you track how long each matter has been active, at which stage within litigation each matter lies, and which outside firms are assisting. Since these tools are centralized and accessible to appropriate individuals on your team, it is easy to stay organized and allow the proper employees access to the information.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250