Wolters Kluwer Legal & Regulatory is launching its AI enhanced workflow tool for GCs in the US. Legisway is already well established in the European In House Counsel market. The product offers contract lifecycle management and customizable modules for a wide range of workflows. Legisway is an all-in-one SaaS solution that powers enterprise legal management for corporate legal departments.
“Wolters Kluwer has a long history of providing actionable solutions for corporate legal professionals, and as legal departments are called upon for key decision-making and strategic counsel within their organizations, it is essential for them to become more effective, connected and collaborative,” said Ken Crutchfield, Vice President & General Manager of Legal Markets at Wolters Kluwer Legal & Regulatory U.S. “The launch of Legisway provides our customers with a workflow-based platform that meets key needs within a law department, and provides powerful reporting, insights, and analytics to support decision making and better outcomes for the department and the broader business.”
Legisway is a configurable, modular, workflow platform, productivity tool and smart repository for small to mid-sized corporate legal departments. The product can be customized based on industry. The platform can be implemented in 4 to 6 weeks.
Every Legisway subscription includes Entity Management and Contract Lifecycle Management (CLM), plus customer-defined additional modules and features. For example, Legisway for a technology company may include IP rights management for collaborating with outside counsel and tracking patent maintenance fees and filings, while Legisway for a bank could include configuration to track special contract clauses required for compliance with OCC regulations.
Legisway offers AI-powered contract lifecycle management (CLM) that enables document creation, editing and version control, as well as self-service templates and a legal ticketing system. Outside of CLM, users can leverage a range of modules to manage legal entities and corporate governance, intellectual property rights, legal claims, real estate, outside counsel spend, and more. The solution enables flexibility to easily create and manage custom reports, operationalize business processes and create automated alerts on key milestones, and more.
Although Lesigway is being marketed as an in-house counsel solution I suspect it could also be useful in law firms for functions such as IP lifecycle management and regulatory complaince.
To learn more, visit: https://www.wolterskluwer.com/en/solutions/legisway/hardway-or-legisway#Form