Legal Suite in the 2017 ELM Market Guide
Legal Suite, leader in enterprise legal management (ELM) technology for legal departments, has been included as a Representative Vendor in Gartner Inc.’s 2017 Market Guide for Enterprise Legal Management Solutions for two years in a row.
Gartner, the industry’s leading research and advisory company, delivers research in technology to global technology business leaders to help them make informed decisions on key initiatives. According to the report, "ELM solution capabilities include (but are often focused on one or a number of): Matter Tracking, Legal document management, E-billing, Legal spent management and analytics, Workflow and collaboration, Legal contract management, Intellectual property (IP), patent management/docketing, Legal entity management, and e-discovery.”
With its GaLexy® software, Legal Suite offers an ELM Platform through a suite of à-la-carte modules tailored to every corporate legal department’s needs. Committed to continually enhancing and improving its offering, Legal Suite also launched in 2017 two new versions of its modules Intellectual Property and Real Estate Management.
"We are very proud that Legal Suite has been included again in Gartner's 2017 Market Guide for Enterprise Legal Management Solutions, this year as one of the eight Representative Vendors for ELM Platforms” states Patrick Deleau, Chairman and CEO of Legal Suite. “We believe this acknowledgment from Gartner shows the commitment of Legal Suite to contribute to the competitiveness and performance of legal departments since its creation in 2000. To us, it’s great to be acknowledged for what we provide to the industry worldwide."
BELOW ARE SOME KEY FINDINGS FROM GARTNER INC.’S 2017 MARKET GUIDE FOR ENTERPRISE LEGAL MANAGEMENT SOLUTIONS:
Digital business is adding compliance and regulatory complexities.
Legal analytics is an exciting category of technology that attracts proof of concept (POC) projects and the attention of investors. It includes applications of data analytics on legal spend data, and machine learning and natural-language processing (NLP) on legal content.
The size of legal budgets and teams continue to increase due to elevated responsibilities. More legal work is being shifted from law firms to in-house counsel. According to the 2016 Chief Legal Officer Survey by Altman Weil, from 2015 to 2016, 41% of legal departments decreased their outside counsel spend.
Large legal departments prefer consolidated ELM platforms that can support all legal aspects of a legal matter.
Source, Gartner, Inc., Market Guide for Enterprise Legal Management Solutions, Jie Zhang, Jeffrey Wheatman, 13 February 2017.
Click here to download the report.
Gartner does not endorse any vendor, product or service depicted in their research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Legal Suite
As leading global provider of Enterprise Legal Technology®, Legal Suite supports its customers’ legal performance by providing its expertise in the fields of Enterprise Legal Management (ELM), Contract Lifecycle Management (CLM) and Governance, Risk and Compliance (GRC). Legal Suite’s software applications address the day-to-day needs of legal departments such as: Contracts, Matter Management, Corporate Entities, Litigation, Power of Attorney, Intellectual Property, Real Estate, etc. With offices in North America and Europe, the Legal Suite group can call on more than 17 years of experience, over 1,000 projects, more than 600 customers and 50,000 users throughout the world.
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