Best Enterprise Legal Management Software
In-house legal departments use Enterprise Legal Management (ELM) Software to handle all of their daily workloads. Legal businesses utilize ELM Software to maintain an all-in-one comprehensive platform for all of their operations, including their spending, report generation, and archiving. ELM Software allows them to effectively manage every step of the legal process, from opening cases, collecting data and evidence, to case closings. ELM Software also provides the framework needed for businesses to remain in compliance...
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End-To-End Enterprise Legal Operations Management Platform
RazorCube by PracticeLeague is an end-to-end enterprise legal management (ELM) solution based on the company's Legal Transformation Platform that is designed to scale legal operations. Boasting users among 10,000 plus users…
Learn More About Enterprise Legal Management Software
What is Enterprise Legal Management Software?
In-house legal departments use Enterprise Legal Management (ELM) Software to handle all of their daily workloads. Legal businesses utilize ELM Software to maintain an all-in-one comprehensive platform for all of their operations, including their spending, report generation, and archiving. ELM Software allows them to effectively manage every step of the legal process, from opening cases, collecting data and evidence, to case closings. ELM Software also provides the framework needed for businesses to remain in compliance with various regulatory frameworks such as HIPAA and PCI-DSS.
Many of their daily operations (ie, case tracking) can be standardized and eventually automated through this software. Through the automation capabilities provided by ELMS, legal departments can increase the efficiency and accuracy of most redundant tasks across all of their operations, allowing for reduced costs and workloads.
ELMS can be integrated with other software platforms, including Document Management Systems and Legal Billing Software. While they can integrate with these platforms, the critical difference with ELM Software is that they are specifically designed for in-house legal departments and not to be hosted within the legal billing department.
Enterprise Legal Management Software Features
Most products in the Enterprise Legal Management Software have the following features:
- Assembly of documents
- Document archiving
- Portfolio descriptions
- Management of spending
- Payment processing
- Government and regulatory compliance
- Integration with other software
- Contract lifecycle management
- Task assignments
- Portal for clients
Enterprise Legal Management Software Comparison
Before purchasing Enterprise Legal Management Software, businesses should consider the following factors:
Partner Collaboration: Many law businesses will collaborate with other law businesses for cases outside of their expertise. Businesses should consider an Enterprise Legal Management Software that can host communications and case collaboration with these other law organizations to provide the best representation for their clients.
Application Building: Some vendors provide no-code platforms allowing businesses to build applications for any additional capabilities a business may desire for their operations. Applications can be created for industry-specific needs such as government regulation management, healthcare laws, and trademark renewal.
Customer Service Capability: This can be an important feature to consider for law organizations that don’t have a dedicated IT team. Some vendors provide 24/7 customer support and include software set-up costs in their pricing. However, if a law practice has a dedicated IT staff, this feature can be an unnecessary additional cost.
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Pricing Information
Pricing for Enterprise Legal Management Software (ELMS) is typically offered by vendors as a monthly subscription starting as low as $15 per month and going up to the thousands. Pricing variations account for business size as well as features such as integration capabilities and customer service availability. Most vendors will offer businesses a free trial before they purchase.
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Frequently Asked Questions
What does Enterprise Legal Management Software do?
What are the benefits of using Enterprise Legal Management Software?
What are the best Enterprise Legal Management Software products?
These are considered the best Enterprise Legal Management Softwares: