In today’s fast-paced legal landscape, firms are increasingly looking for ways to streamline their operations, reduce costs, and enhance the value they deliver to their clients. One of the most promising solutions for achieving these goals is workflow automation.
Autologyx, a leading provider of matter management and workflow automation tools, today announces the availability of advanced document intelligence, integrated into its Autologyx Catalyst operations platform.
Document automation in legal has been a thing since the 1990’s and it continues to grow.
There are many technology vendors which either just do document automation or incorporate the capability as part of a wider feature set. This rise in vendors and strategic acquisitions has made it a very challenging for buyers because of the increase in choice and solution fit assessment required.
A big theme at ILTACON 2022 was one of interoperability and integrations. Workflows and the tools that support them should not remain siloed in point solutions and where possible be integrated into the wider tech stack to provide more value and enable the sharing of data and outcomes.
Law firms have access to volumes of data. Data about themselves, their people, how they practice, metrics regarding utilisation and profitability and also an immense amount of client data. However almost all firms, are data rich but information poor.
With economic uncertainty, remote working now a reality and a drive for productivity gains and ultimately profitability, many law firms are focused on automation and workflow optimisation to drive practice efficiency. This often manifests itself in the adoption of document automation as a first step because of the obvious benefits, two of which are risk reduction and standardisation of document generation. However, document automation is just one part of a much broader process optimisation potential.
The latest time warp between social media feeds and our day to day experience talking to customers and prospects about workflow is upon us. On the one hand the promise that generative AI will take away all the pain of structuring your data and workflows and bring powerful automation to the masses (see MS CoPilot etc); on the other hand, operations professionals implementing intake projects to move work from email and Excel to a modern workflow or CLM platform
Autologyx is proud to announce our Catalyst 1.2 release next week, which will be available for preview at LegalWeek 2023 in New York. This release follows our emphasis on unlocking the power of data across matter management, workflow and document automation.
Autologyx has been accredited with ISO 27001:2013 following an audit by IRQA, a leading global assurance provider and ISO certification body. This further signifies our ongoing commitment to our customers and the protection of customer data, affirming that security is at the core of our business.
If you’re a customer then you will have either been part of our pilot group, seen a quick demo or have something in the diary for the coming weeks. For those clients and prospects who are piloting the product, it’s been great to finally get business experts, legal engineers and system configurators into the system and to have a ‘play’.