It’s important for law firms and independent lawyers to find and manage relevant information for their ongoing cases. With legal hold software, law firms can find the information they need for their cases and manage them efficiently. Here are some of the best legal hold software available right now.
3+ Legal Hold Software
What Is Legal Hold Software?
Legal hold software is a legal software where law firms use the software to manage relevant information for their ongoing litigation cases. The legal hold software allows law firms to preserve important information for their cases.
Legal hold software helps law firms to streamline their management of processing and issuing litigation legal cases. The litigation hold software also helps law firms to interview relevant people for their law cases. The software also helps law firms to monitor the compliance management of their legal holds as well as track the legal hold collection progression. The software also sends reminder notifications to people involved in legal hold requests, enabling them to remind them of their legal obligations. The software also helps law firms to preserve important legal hold information such as legal hold documents which is helpful in key legal cases.
Legal hold software should be able to allow law firms to create and send legal hold requests to their clients. The legal hold management software should also contain a database repository where law firms store their legal documents relevant to their legal hold cases. The software should also be able to provide tracking tools to help law firms keep track of legal hold activity in a format that is easily auditable. The software should also be able to allow law firms to provide updates to their clients of legal hold requests.
- Create and send legal hold requests
- Database repository for legal hold documents and data
- Track legal hold activity in an auditable format
- Remind clients of legal hold requests
Top 4 Legal Hold Software
ZDiscovery’s e-Discovery software is easy to use for corporate legal times that can help them manage their ligation response on legal holds that enables them to carefully review their cases. ZDiscovery is owned and developed by ZApproved, which the parent company has 150 employees and earns annual revenue of $24.2 million.
Relativity provides legal data analytics software that can provide fast, innovative insights powered by artificial intelligence software for legal teams to be guided on. Relativity has 473 employees and earns annual revenue of $116.4 million.
Hold360’s data classification software provides a software suite for legal teams to strengthen their data investment that can help them make smart and quick decisions on their legal decisions, which also helps them classify their data sets during collaboration review of legal hold cases. Hold360 is owned by Congruity 360, which the parent company has 99 employees and earns annual revenue of $14.4 million.
PageFreezer helps simplify compliance and legal litigation for lawyers by simply automating tasks such as archiving social media posts, websites, SMS messaging powered by enterprise collaboration software capabilities. PageFreezer has 50 employees and earns annual revenue of $7.3 million.
What other software integrates with legal hold software?
Legal hold software is often integrated with eDiscovery software as it contains similar legal hold capabilities. It’s important to note that eDiscovery software only provides legal hold functionality and its usage is very specific to some legal hold situations. Still, it’s worth considering implementing this software to the main legal hold software.
How much does legal hold software cost?
Pricing for legal hold software is usually customized, with each software offering different subscription tiers that offer more features as the prices increase. Pricing for legal hold software varies depending on the features available and the intended companies. Small companies may benefit from low-cost legal hold software while large companies may benefit from high-cost legal hold software.
With legal hold software, law firms, legal teams, and independent lawyers can efficiently manage their information for their ongoing ligation cases which helps them preserve some crucial information in their cases. With its powerful data analytics capabilities as well as its legal compliance management capabilities, lawyers are sure to have their information organized easily.
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