Being a practicing lawyer for a corporate company is different from being a lawyer in a law firm as the demands of working in the corporate world have their different legal demands and obligations. With enterprise legal management software, companies’ lawyers have effective software to manage their legal departments. Here are some of the best enterprise legal management software.
14+ Enterprise Legal Management Software
13. Mercury Elm
14. Acuity Elm
What Is Enterprise Legal Management Software?
Enterprise legal management software is a specialized legal practice management software that is used by companies’ legal departments to handle their operations as the company’s legal representatives. This enterprise legal management solution software is used by in-house legal professionals such as corporate lawyers to manage their legal cases, spending, archive, and keep track of legal records and documents as well as generate reports on legal activity through the software’s legal data analytics capabilities.
Enterprise legal management software includes extensive management capabilities that allow users to manage aspects of running a legal department of a company such as contract management, knowledge management, spend management, and more. The legal matter management software also includes data analytics software capabilities that allow legal departments to generate solutions on legal matters that can help them make well-informed decisions. The enterprise legal software also provides companies a holistic, streamlined view of how legal operations within an enterprise is being managed. The legal software also helps companies to keep track of their legal documents and cases with its electronic document capabilities. Because of the software’s convenience, this creates a centralized hub for operating all aspects of legal management.
Enterprise legal management software should include spending management tools to help legal departments document their financial expenses and earnings. The enterprise legal management system should also provide legal billing software capabilities that allow the software to generate e-bills for their clients. The enterprise legal software should also be designed specifically in use by a company or enterprises’ legal departments as they are different from legal practice management software used by law firms.
- Spend management tools
- Legal billing capabilities
- Designed for enterprise legal departments
Top 10 Enterprise Legal Management Software
Ascent’s enterprise legal management software helps legal departments simplify their legal operations while reducing the challenges and spending of running the department for the company. Ascent is owned and operated by doeLEGAL, which the parent company has 54 employees and earns annual revenue of $14.6 million.
Lexisnexis’s legal ligation analytics software provides valuable insights for legal departments in managing their cases. Lexisnexis has 11,449 employees and earns annual revenue of $1.7 billion.
3. Acuity Elm
Acuity Elm provides companies with an all-in-one enterprise legal management software that helps them address their legal needs. Acuity Elm is owned and developed by Mitratech, which the parent company has 824 employees and earns annual revenue of $79.5 million.
Onit’s legal invoice review software is powered by artificial intelligence as it helps users correct potential errors. Onit has 289 employees and earns annual revenue of $33.8 million.
Brightflag’s legal spend management software helps users take control of their legal operations with artificial intelligence capabilities. Brightflag has 142 employees and earns annual revenue of $12.2 million.
Simplelegal provides a simple enterprise legal management software that helps simplify legal operations and provide effective results with its effective organization tools. Simplelegal has 61 employees and earns annual revenue of $8.8 million.
Casefox’s modern legal billing software is easy to use for legal departments to establish an effective payment software system between them and their clients. Casefox has 37 employees and earns a revenue of $7 million.
Xakia’s legal matter management software is cost-effective for companies that still gives them the necessary software to run their legal departments effectively. Xakia has 25 employees and earns annual revenue of $6.8 million.
Dazychain’s in-house legal software helps legal departments manage their operations in a streamlined platform. Dazychain has 32 employees and earns a revenue of $6 million.
10. Mercury Elm
Mercury Elm allows legal departments to manage their legal litigations effectively, integrating productive analytics to generate effective results.
Is enterprise legal management software a standalone product or a feature of another software?
Enterprise legal management software is offered both as standalone software and as part of other legal practice management software. While it is popular for some legal departments to opt for legal practice management software that has enterprise legal management features, other companies prefer a standalone enterprise legal management software because of its specialized features for enterprises.
What other software integrates with enterprise legal management software?
Enterprise legal management software integrates well with legal billing software as it’s already embedded in the software for company legal departments. Despite this integration, enterprise legal management software cannot be considered as legal billing software as it houses other legal features besides legal billing.
How much does enterprise legal management software cost?
Pricing for enterprise legal management software is usually customized, with each software increasing its pricing as it offers more features through subscription tiers. Pricing for enterprise legal management software varies depending on the features available and the intended users. Small companies may benefit from low-cost enterprise legal management software while large companies may benefit from high-cost enterprise legal management software.
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