• Bsi Group: Reshaping Cybersecurity Solutions with Advanced Technologies

  • Top 10 Legal Tech Solution Companies - 2021

    Today, legal firms across the world are massively investing in legal technology to achieve a greater edge in the industry. This trend has further intensified with the ongoing coronavirus pandemic that has compelled the legal institutions to adopt technologies to executing the legal procedures efficiently. According to a research by Gartner, legal departments will automate 50 percent of their legal workflows related to major corporate transactions by 2024 and also replace 20 percent of general counsel with non-legal staff. Currently, in the legal space, document automation has become a major area of focus. Competitiveness for efficient document management has driven legal firms to adopt automated document-writing software to eliminate the time-consuming and manual drafting processes. The automation tools allow them to manage data collection, reporting, daily tasks, billing and so on. Such automation support not only helps save time but also makes processes cost-efficient by eliminating the need to invest money in hiring professionals for these tasks. Further, these automation solutions have also enabled employees of legal firms to work remotely. Additionally, virtual paralegals have become prominent in this space, helping to increase the operational capacity of the internal corporate teams. These can assist businesses to deal with internal questions that the legal departments face and significantly improve the response time and efficiency.

    Today, virtual law firms have also gained tremendous attention amidst the pandemic. From virtual consultations, live chats, virtual hearings to addressing clients’ grievances and electronic court filings, almost every legal process can be executed virtually. This makes it easy for the law firms to offer better client experiences and thereby improve the firm’s engagement with the clients.

    Such digital advancements in the legal space have brought about a wave of transformation in the legal space. The law firms now need to become more proficient with emerging technologies to offer the best possible support to clients and generate greater revenues. Against this backdrop, CIO Applications Europe brings to you a list of leading legal tech companies to help you find the right partner for all your legal needs. The magazine also compiles insights from industry experts, CIOs, and CXOs on the current trends, technological improvements and innovations in this space.

    We present to you CIO Applications Europe “Top 10 Legal Tech Solution Providers - 2021.”

    Top Legal Tech Solution Companies in Europe

    AVE Soft
    With a strong vision of redefining law firms’ operations, AVE Soft created Evolio, a flexible program for comprehensive management of the legal file in electronic form.Evoliobrings AVE Soft’sstrong vision of redefining law firms’ operations to fruition.With Evolio, AVE Soft wants to become the technological base for lawfirms and their business.Evolioensuresthat users get access to a full record of files, including documents, tasks and finances, with one click. Electronic file storage allows users to register entities between which there may be links. Further, each subject has its own card with detailed contact details (emails, delivery address, etc.) as well as a list of files in which it appears
    BSI
    BSI is a leading business improvement partner helping organisations around the world embed excellence, and build competence and capability for sustainable growth. Since its establishment in 1901, the company has been on a continuous path to enhancing its clients’ cybersecurity capabilities. BSI firmly believes that to address the varying need and demands of their clients, active engagement is the key. This concept is implemented by engaging with the clients from the very early stage of collaboration. BSI assesses the client’s requirement and scope criteria to develop a custom-tailored solution, tackling the client’s specific requirements.
    Medirent
    Medirent develops information systems for electronic government, state and corporate governance.
    STP Informationstechnologie
    STP Informationstechnologie AG offers high-quality software products and services for insolvency administration and law firm management. Many of its customers use STP solutions for robust and efficient office work. The wide range of modular solutions from STP is unique. Due to the flexible support of work and communication processes in law firms, STP customers live up to their quality promise, especially towards clients, courts, and other parties involved. STP GmbH - with its subsidiaries STP Business Information and STP Solution - is one of Germany's leading providers of legal solutions.
    CLARIUS.LEGAL
    CLARIUS.LEGAL is a Legal Service Provider and a new generation kind of law firm. The company combines the regulated quality of a law firm with the efficient and flexible working methods of a service provider. It drives efficiency and playability for its clients through the cost-transparent allocation of legal personnel and legal tech. The company’s services combine competent legal support, legal outsourcing, and legal tech to achieve the most excellent possible cost-efficiency for businesses
    Concord
    Concord lets businesses collaborate with anyone in their company and negotiate with any third party, saving them time while ensuring compliance. Clients can expedite their contract processes with everyone working on the same platform: sales, procurement, legal, HR, finance, or marketing. Concord enables companies to invite guests to review, edit, and sign their documents. Businesses can automate everything with Concord’s open API or its multiple out-of-the-box integrations.
    Corporify
    Corporify is a blockchain-inspired platform that makes the legal management of companies more practical, more accurate, and more trustworthy. The company strives to remove frictions and administrative burdens from legal company management to empower every company and legal professional to transform overhead into business value. Its team, composed of former lawyers, academics, and software engineers, serves entities in 10+ countries from our HQ in Belgium. In its mission to become the leading digital legal entity management and corporate housekeeping platform, the company has assembled a set of renowned professionals and entrepreneurs to help it reach its North Star.
    Legal One
    In less than seven years, Legal One GmbH has developed from a startup to a hidden champion in the field of legal tech and legal advertising. With over 50 employees from over ten nations, 10 million page views per month, and several successful software products, the company tries to set new standards every day. Its goal is to make law enforcement modern, easy and affordable.
    PACTA
    PACTA is a platform for intuitive contract management operated by BlockAxs GmbH. The company offers intelligent and intuitive end-to-end Legal as a Service Platform for AI-based contract lifecycle management and no-code process automation. With disruptive technologies that anyone can operate, experts can automate legal processes and provide users with intelligent legal communication channels on demand. With PACTA, businesses can control and implement all of their company's legal processes on a single platform. This way, they create a unified solution for all departments of their company or law firm.
    RightNow Group
    RightNow Group from Düsseldorf is Europe's leading consumer factoring provider and one of the most successful German LegalTech startups. With its products, RightNow buys consumer claims from everyday life situations and pays a large part of their reimbursement within only 24 hours. The claims are checked using specially developed algorithms and through highly automated processes enforced in court. RightNow has been creating parity between consumers and large corporations since 2016 and enforces more than 10,000 claims a month.

More in News