Matter management is the heart of every in-house legal team. It helps the legal department with tracking, organizing, managing legal intake, contracts, matters, and more. ELM software can help in managing all different aspects of matters from start to finish.
Law firms and in-house legal teams can streamline their process with the help of legal matter management software. It offers efficiency and productivity. In this guide, we’ll be learning more about how law matter management systems with ELM solutions can streamline legal operations.
What is Legal Matter Management?
In the context of the legal department, matter management is the process of managing, organizing, controlling, and tracking the complete process of legal matters.
Matter management encompasses everything from intake to documentation and deadline tracking. In-house teams can communicate with other departments and clients with the help of the software. Not just that, they can stay on track with the schedule using the calendaring feature.
How can ELM Software Simplify Legal Matter Management?
Here is how you can simplify legal matter management with the ELM platform:
Centralized Data Management
One of the most common challenges that in-house teams face is the fragmentation of data. Documents, files, emails, and more are all over the place. However, with the help of ELM software, it can be centralized in one place. All matter-related information and client-related data can be stored and managed in one place.
You can have a unified dashboard for quick access to legal documents, billing records, upcoming meetings, deadlines, and more.
Workflow Automation
Administrative tasks usually bog down legal professionals, and they keep struggling between routine tasks, and crucial legal tasks. The ELM software can automate this workflow and save time for legal professionals.
Certain tasks, such as reminders, document approvals, and calendar scheduling, can be automated. This gives legal professionals more time to work on matters, strategies, client communication and lets them do high-quality work.
Document and Contract Management
Handling all legal documents manually can feel a little too overwhelming. But with the help of document management features of ELM software, it becomes easy and efficient to manage all documents in one place. Additionally, the software also comes with a contract management feature. A legal team can create, store, and retrieve documents easily without hassle.
With version control, you can get access to all the up-to-date files that are always accessible. The secure storage of software will also reduce the risk of unauthorized data breaches.
Compliance and Risk Management
Legal departments usually struggle with compliance and risk management. They have to follow a variety of laws and regulations. Manual compliance management is time-consuming and prone to errors.
ELM software usually integrates with compliance management software and ensures the in-house team is meeting all rules and regulations. Matter management helps legal teams monitor regulatory changes, assess risks, and maintain compliance with ease.
What are the key matter management features of Enterprise Legal Management systems?
Here are some of the key matters management of enterprise legal management (ELM):
Matter Lifecycle Management: Legal matter management software helps in managing the complete lifecycle of matters. Manage the entire lifecycle from legal matters to intake and deadline management.
Document Management: Manage store, organize, and collaborate on documents with the help of matter management solutions.
Time and Billing: Enterprise legal management systems also help in tracking time and generate detailed bills for the same. Additionally, you can also manage payments with the software.
Calendar and Scheduling: With ELM systems managing a law firm and attorney calendar is easy. You can track deadlines, schedule appointments, stay on track with tasks, events, and meetings on your calendar.
Task Management: Assign tasks to your team members, keep track of task progress, and ensure timely completion of tasks with law matter management solutions.
Integration Capabilities: Integrations are a crucial aspect of all law matter management software. Integrate with payment apps, accounting platforms, email apps, and more.
Client Portal: Matter management software comes with client portal features that help in connecting with clients. Share files, documents, and matter updates through a secure portal.
The Bottom Line
By effectively implementing ELM software with matter management features, law firms can significantly improve the overall process of matter management. The software will help in enhancing the efficiency of the team and help them deliver a better client experience. By following the steps mentioned above, you can easily implement ELM technology and reap its benefits.
