The Top 7 Enterprise Legal Management (ELM) Software

Mitratech’s TeamConnect is an Enterprise Legal Management (ELM) platform that caters to the specific needs of a company’s legal department. This scalable solution encompasses processes and information from across the entire organization. TeamConnect provides a comprehensive set of functionalities, including matter management, e-Billing, legal spend management, document management, and process automation.

TeamConnect champions collaboration and innovation, helping businesses navigate the complexities of modern legal demands by providing a reliable and secure source of information. By leveraging Mitratech’s AI technology – InvoiceIQ, TeamConnect aids in reducing invoice review costs and time.

The platform also offers litigation management capabilities, allowing more than 14,000 firms to effectively manage outside counsel, budgets, and rates. In line with this, TeamConnect facilitates efficient contract management by centralizing contract information and automating approval processes and reminders.

Adding to its features is compliance management which aids in handling incidents and investigations, regulatory reporting, and compliance enforcement. Also, it improves invoice data accuracy by up to 70% through machine learning.

TeamConnect leads to efficiency and cost savings, with proven ROIs driving yearly savings of 10-20% by streamlining processes, automating reviews, and identifying and mitigating risks proactively. Overall, Mitratech’s TeamConnect represents a holistic suite of legal technology solutions, aiding businesses at every step of their legal operations journey.

Brightflag is a software company that provides a user-friendly, AI-powered solution for legal billing and matter management. In addition to facilitating smoother management of legal spending, this software significantly improves working relationships between legal and finance departments within organizations.

Brightflag’s innovative system utilizes AI to conduct the repetitive tasks necessary for legal billing, encompassing a variety of activities including checking narrative lines and fee models. This automated approach to invoice review processing not only enhancing accuracy, but also allows legal teams to direct their attention to more critical and value-adding tasks. By summarizing the tasks performed by different timekeepers, the software offers an effortless understanding of invoices within minutes.

The software ensures consistently rigorous invoice review, resulting in significant cost savings. It enables easy correction of billing guideline violations and provides a granular level of control where judgement is needed.

Brightflag is compatible with a wide range of invoice formats, eliminating the need for manual data entry. It supports automatic invoice approval and rejection, cutting down a large chunk of the administrative workload.

Brightflag goes beyond billing to offer handy features such as automatic accrual reminders for vendors, easy review and approval for accruals, and automatic sending of accruals to the finance department. It also includes an out-of-the-box report that facilitates comparison of prior accruals to actual bill amounts. Brightflag’s features are compliant with the Sarbanes-Oxley Act (SOX). It also offers a centralized interface for budgeting, allowing for both top-down and bottom-up budgeting strategies.

LawVu Legal Workspace serves as a unique platform providing Enterprise Legal Management software. While many legal management tools aim to serve several verticals or functions, LawVu stands apart as it is tailored specifically for in-house lawyers, and aims to integrate the legal function into the central dynamics of businesses.

LawVu is committed to helping businesses optimize productivity by improving connectivity and enhancing operational dynamics. It embodies this principle by providing a unique user experience designed to empower legal teams across businesses by offering a single, connected source of truth. The platform helps enhance productivity, reduce risk, and, most importantly, promote insight and controlled legal spend through close monitoring of internal and external workflow costs.

LawVu’s intuitive module-style platform makes adoption and scalability easy. The platform comes with world-class customer support available round the clock and houses a range of integrations to align perfectly with other enterprise software such as Outlook, Gmail, Google Drive, and DocuSign. The LawVu platform encapsulates everything one could need in a legal workspace with its array of modules for matter management, contract lifecycle management, e-billing, spend and external management software, analytics, and reporting tools.

In addition to facilitating better legal decisions through its comprehensive analytics and reporting suite, LawVu also offers a knowledge base and document management tools. The workspace becomes the ‘go-to’ arena for all legal-related tasks, irrespective of their size. Your legal work is made seamless with LawVu, bridging the gap between legal and business with its connected, industry-specific legal management platform.

Legal Files is a prepackaged case management software developed for small and medium sized legal enterprises. Designed with an in-depth understanding of enterprise legal management, this advanced software is equipped with a variety of features designed to expedite case turnover. It caters to a diverse clientele across multiple sectors and is instrumental in facilitating steady operations and improving client relations.

This software offers numerous legal management solutions in a single platform including claim tracking, quick deployment, and document assembly. Its technology can be tailored according to specific operations and scaled as required, assuring a more user-centric result. Unique to Legal Files, users can institute their preferred rules to manage cases, creating workflows and task assignments in alignment with their needs.

Legal Files’ software can be accessed from multiple devices courtesy of cloud technology. Its robust database enables quick location and tracking of data. The software also consolidates all your claims, documents, and details in one place, while the easy-to-navigate dashboard helps to easily branch out to different parts of a case. It has cohesive document management features, offering the capability to store and search for documents effortlessly.

The software is designed to be user-friendly, allowing anyone to use it efficiently and sidestepping potential IT knowledge barriers. With the flexibility of being able to access your platform, manage expenses and access your dashboard from anywhere, Legal Files provides a steadfast daily support system.

OnitX is a provider of Enterprise Legal Management (ELM) software, designed to help legal operations streamline their workflows and improve process efficiency. By controlling all aspects of matter management, from the management of matters, vendors, billing, and expenditure, OnitX provides comprehensive analytics and insights. This boosts decision-making capabilities and optimizes operational efficiency.

The platform offers end-to-end operational control, from matter management to vendor management and e-billing. It also includes a highly configurable system of engagement that facilitates collaboration and provides clear workflow structure. By creating a ‘single source of truth’ for all matters, projects, and transactions, OnitX helps minimize risk and drive better business outcomes.

With OnitX’s legal management software, organizations can create unique management workflows, evaluate performance, explore trends, and generate insightful reports through dashboard views. It also provides external and internal savings by capturing the work of the whole team and providing a platform for managing, analyzing, and benchmarking outside legal spend. Additionally, it offers a simple-to-use legal practice management software for internal teams, improving their work management and communication.

OnitX’s product is designed to address a variety of legal department needs such as legal service requests, legal holds, compliance and risk workflows, contract lifecycle management, and NDAs. Built on a robust, low-code workflow engine, OnitX offers a highly flexible and easily adaptable solution that can integrate seamlessly into existing or bespoke workflows.

Thomson Reuters Legal Tracker provides a robust legal operations platform that enables efficient workflows within in-house legal departments. This platform offers key features such as electronic billing, matter management, advanced artificial intelligence (AI), language packs, customizable currency and formatting, and options for data residency.

Legal Tracker facilitates improved efficiency via automated tools for e-billing, budgeting, and data sharing. Its electronic billing offers a singular, searchable system for legal invoicing, with customizable budget, spending alerts, and separated tax tracking. The matter management feature provides real-time access to all legal matters, along with tools to demonstrate departmental value and manage documents. Additionally, Legal Tracker employs advanced AI for invoice review, offering generative, natural-language processing and multi-language models.

The platform also includes language packs for better localization and user-personalized currency support for 160 currencies. Users can opt for company-supplied exchange rates or utilize Legal Tracker’s inbuilt rates. Finally, Legal Tracker allows users to select their preferred data residency from a range of countries including the US, UK, Germany, Australia, and Canada.

Legal Tracker offers a comprehensive solution to automate manual tasks, streamline communication with outside counsel, and generate financial reports. It enables efficient management of legal matters and leverages AI technology to enhance invoice review processes. Thomson Reuters Legal Tracker, building on Serengeti Tracker’s legacy, provides a simple, yet powerful, tool for harnessing the full value of your legal department.

Wolters Kluwer’s Passport is designed to aid in the management of legal spend, matter and insurance claims in an enterprise setting. By connecting all areas of your legal operations, Passport aims to streamline workflows and offer transparency to all matters vital to your business.

Passport applications have been developed to manage legal and risk-related data throughout your enterprise. These individual applications can function independently or be integrated for a comprehensive solution. Passport operates on a secure, collaborative framework, allowing for user-friendly connection of different systems and processes. This integrated platform offers visibility into legal spend via dashboards and reports, supports strategic decision-making to enhance matter outcomes, enforces business process automation and compliance, and supports collaboration with legal service providers.

With a focus on driving down the total cost of ownership (TCO), Passport includes a rules engine for task assignments and compliant reminders. Its reporting capabilities offer business intelligence across all areas of legal operations. Its Passport Office Companion function allows users to manage matters within commonly-used Microsoft programs, promoting efficient document collaboration.

Passport offers pre-packaged integrations with other notable enterprise applications, making it versatile and highly configurable. Features like the Passport Collaboration Portal and Collaboration Module facilitate budget, rate, accrual, matter, and document management. It also supports e-billing on a global scale, complying with intricate tax and regulatory requirements.