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
Continue Reading Wolters Kluwer Launches AI-Powered Version of Legisway  in the United States for In House Market

Today Lexis is releasing the 2022  CounselLink  Enterprise Management Trends Report. When it was established in 2013 the report included six key metrics. In recognition of the increasingly global legal market, the study now includes a  seventh metric which covers hourly billing rates for Partners in countries located outside the US. The insights in this year’s trends report are based on data derived from more than $49 billion in legal spending covering more than 350,000 time keepers in more than 1.2 million matters.
Key takeaways
  • 2021 was a block buster year for M&A legal fees. The median partner rate was $878 an hour… A 6.1% increase over the prior year median.
  • Law firms continue to increase hourly rates and in-house legal departments are paying them. 2021 partner rates increased 3.4% over 2020.
  • Alternative for your arrangements are increasing but not disrupting the market. Only 14.8% of matters had even a portion of their billing rate set at some thing other than hourly. Only 9.6%

Continue Reading Lexis 2022 CounselLink Report: Partner Rates and Panel Consolidation Continue to Rise