The phrase “legal innovation” may sound odd. After all, the law is the law and is as stuffy now as it ever was.
The reality is that the legal field is changing as much as the rest of the world, and the most creative companies are continually addressing the question of how to leverage new technology.
There are plenty of areas to pay attention to when talking about legal innovation: artificial intelligence (AI), client education, and information management to name a few.
The companies listed below are all set to make great strides in these areas and others in the coming year.
ONE400 is a legal innovation company that provides consulting and marketing for lawyers, attorneys & law firms. Creating new products is lovely, but it amounts to nothing if the people who need it don’t have it and can’t use it. That’s where ONE400 comes in.
They offer services that bridge the gap between legal professionals and clients. Once lawyers have access to technology, the question becomes how to use it successfully, and ONE400 has a knack for helping give law firms everything they need to attract clients and satisfy their needs.
This company is on the front lines when it comes to developing new technology. LegalMation uses AI to organize documents and data. This feature isn’t that special by itself; lots of much larger companies offer those services as well.
LegalMation pulls ahead because its AI can draft legal documents for lawyers to review. All of the time and energy spent on necessary but time-consuming and tedious writing can be saved.
With AI doing the work, everyone has more time and saves money.
3. Orrick, Herrington & Sutcliffe, LLP
Unlike the other contenders on this list, this company is an actual law firm. They rank because of their Orrick CaseStream system. This software landed Orrick an award at the Financial Times’s Most Innovative Lawyers Awards in 2018.
CaseStream takes teamwork to a new level because it allows the staff to collaborate on active cases and see at a glance where things stand. Besides helping the lawyers themselves, the clients save money and see faster resolutions to their claims.
4. LexBlog, Inc.
Lexblog was born from the simple idea that lawyers should write blogs. While that may seem unimportant, lawyers are notoriously bad at connecting with clients in ways that are understandable and useful.
Writing at Lexblog allows lawyers to not only share information but also give those seeking legal advice an excellent place to start their journey, making “legalese” a little more understandable for the rest of us.
5. Resolver, Inc.
The folks at Resolver are not explicitly focused on law. They are a logistics management company, which is a fancy way of saying that they help their client’s process information and make plans.
They earned a spot on this list because their software is being used as a way to track legal proceedings so that the whole process is more transparent.