Author: Onit

Onit and Archer Daniels Midland Company to Speak on Innovation in Law Department Operations at the ACC Legal Operations Conference

The 2016 ACC Legal Operations Conference is right around the corner. June 23 and 24 will be packed with sessions about the advancements and latest trends in legal technology. Join us at the Chicago Magnificent Mile for this industry leading event.

Join Onit for our session, “Innovation in Law Department Operations: Enterprise Legal Management for the 21st Century.” David Cambria (Global Director of Operations – Law, Compliance and Government Relations, Archer Daniels Midland Company ADM) will be joining Cole Morgan, Onit’s Director, Operations Implementation to discuss the evolving needs of today’s legal department.

This session will highlight:

  • Benchmarks, metrics and analysis of current trends driving innovation and transformation in legal operations and performance management
  • Why systems of record are not enough to drive operational improvements and why traditional enterprise legal management (ELM) systems fall short
  • The evolving role of legal and why process, workflow and collaboration are critical for legal departments to succeed.
  • The existing ELM vendor landscape and why e-billing and matter management technology only represent a fraction of a legal department’s needs

Follow Onit on Twitter to stay up-to-date with us at the conference. We’ll keep you posted on when and where to join us. It’s not too late to register to attend, click here for more details.

The Plain and Simple Facts about Enterprise Legal Management

To get started, let’s first start with a few definitions:

  • The term Enterprise Legal Management (ELM) was coined about 12 years ago to connote broad support of everything that Legal Departments are involved with. The term is also practically defined and referred to as simply Matter & Spend Management.
  • Matter Management is essentially the database that legal project information is stored in, such as parties, details, vendors, etc.
  • Spend Management is the system that handles the electronic invoices, runs business rules against the line items providing audit and validation functions. It’s also the system where financial analytics are run.

Matter and Spend Management are foundational but represent just a fraction of the needs of a corporate legal department. Learn more about Legal Service Requests, Legal Holds, Contract Management, and NDAs.

The Benefits of ELM Solutions for Your Corporate Legal Department

Law departments must provide better service to their businesses and improve operational efficiency:

“In addition to the responsibility of managing documents, e-billing, matters and outside counsel, it’s equally important for corporate legal departments to be involved in business processes and continuously optimize the organization’s processes to improve business performance against goals and objectives. In an enterprise legal management context, BPM includes the automation of manual processes through methods such as workflow and collaboration functionality.” – Gartner: Magic Quadrant for Enterprise Legal Management, 23 Oct. 2013

The future is now and with the proliferation of enterprise solutions that respond to the full range of business needs, it has become increasingly hard for organizations to justify selecting or retaining an aging ELM system.

ELM solutions from Onit are flexible, lightweight, easy-to-use, and directly provide increased operational efficiency and decreased IT labor. We help corporate legal departments keep their practices and businesses running more efficiently.

This isn’t just a trend. Gartner predictions from the Feb. 2016 Market Guide Report suggest that the adoption of ELM solutions will increase from 20 to 50% by 2020. Get ahead of the technology curve and save your team some time by implementing early on.

Learn more about how Onit’s can customize solutions just for your corporate legal department. Schedule a demo with us today or check out our additional reading on ELM below.

Enterprise Legal Management Needs to Grow Up
4 ELM Code Phrases to Fear
Ten Things You Need to Know About Enterprise Apps and How They Relate to ELM
The New Technology Curve
The 4 Axioms of Enterprise Legal Management

West Coast Here We Come: Onit and Industry Thought Leaders Share Best Practices at Legaltech West Coast

We are getting pumped for Legaltech West Coast, June 13-14. There’s still time left to register. You don’t want to miss out, there are some great speakers and sessions scheduled. Join us for our session “Evaluating and Implementing eBilling and Matter Management Solutions” led by Onit’s Chris Driver.

Our distinguished guest panelists includes Christine Coats (Oracle Vice President, Legal Operations), Mary O’Carroll (Google Inc., Head of Legal Operations), Lisa Konie (Adobe Systems Incorporated, Senior Director, Legal Operations), Joe Surprenant (SunPower, Corporation Director, Legal Operations).

We’ll be covering topics such as:

  • Evaluation points
  • eBilling best practices for validation rules, onboarding outside counsel and gaining law department support
  • Alternative billing arrangements; Obtaining buy-in from outside counsel
  • Protecting confidential information
  • Administering invoices and expenses

We can’t wait to see you there and talk more in depth about matter management and ebilling. Learn more about Onit and how to make your legal department run smoother with automation. Follow us on Twitter for more updates from Onit and to stay connected during the conference. Feel free to tag us in any posts from the #LTWC trade show. We’ll see you soon!

Legal Department Operations Made Easy with Onit: Tools for the 21st Century

Your corporate legal department is functioning fine, why rock the boat? By automating tasks with Onit’s solutions you can save time and easily communicate with members of your team. From matter management to e-billing to legal spend management, Onit has a solution that can help!

Worried about draining your IT resources? While traditional enterprise legal management (ELM) systems require constant IT maintenance and attention, Onit’s solutions are lean and nimble and tend to work in a more straightforward manner. In many cases, users can configure, deploy and support enterprise Apps with no corporate IT involvement.

We’ve automated 200+ processes for legal departments and we can help with: 

  • Contract Management
  • Legal Holds
  • Legal Service Requests
  • NDA Review & Approval
  • Enterprise Legal Management
  • E-billing
  • Matter Management
  • MSA Review
  • Legal Project Management
  • Contract Administration
  • Document Management
  • Service of Process
  • Partnership Agreements
  • Legal Process Outsourcing

Looking to automate some process in your Governance, Risk and Compliance (GRC) department? Onit can help with that too! We have clients that are successfully using Onit’s solutions to assist with: 

  • Incident Management
  • Insider Trading Management
  • Business Partner Termination
  • Incident Reporting
  • Director & Officer Appointment and Revocation
  • Gift / Hospitality Tracking
  • 10-Q/K Reporting
  • EEOC Compliance Management
  • SOX Controls
  • Trademark Registration & Renewal

Not seeing what you need on that list? Luckily, Onit has the ability to customize solutions for your corporate legal department’s specific tasks. It probably seems like this is too good to be true but check out our Customer Success Stories. We’ve worked very hard on our solutions and have focused on every detail so our Apps are top of the line.

We’d love to talk with you more about your legal department’s needs. Click here to schedule a one-on-one conversation to learn more.

Legal Hold and Legal Service Requests in a Black Hole?

Both Legal Holds and Legal Services Requests are hot topics in the legal technology community right now. Just last month LegalTechNews.com had experts discuss legal hold processes and what to look for in a solution.

Legal Holds

TechTarget.com does an excellent job outlining and clarifying legal holds, citing:

A company must preserve records when it learns of pending or imminent litigation, or when litigation is reasonably anticipated. Litigation hold prevents spoliation (destruction, alteration, or mutilation of evidence) which can have a catastrophic impact on the defense… 

…Implementing a litigation hold process can be challenging for storage administrators. All companies must establish a sound retention policy and apply that policy to their storage systems.

Onit’s Legal Hold solution helps corporate legal departments: 

  • Notify custodians of their duty to preserve information in a timely manner
  • Automatically assign tasks to the appropriate in-house team member
  • Gain real-time access to the status of collection requests
  • Minimize company risk and increase defensibly
  • Ensures all relevant data is properly collected and preserved. 

Lawsuits happen and though it’s not fun to think about it’s wise for your company to be prepared. Onit’s Legal Hold solution makes it easy to demonstrate that your company has exercised the proper care in preserving and collecting digital evidence.

Legal Service Requests 

Business partner requests for legal services are often tossed into the legal department sporadically by email, text, or informal conversations from various departments. Tracking and assigning these requests can be a major headache if there is no standard process in place.

Onit’s Legal Service Request solution simplifies the intake process by: 

  • Giving business partners a simple portal to interact and engage with the legal department
  • Providing the legal department with a comprehensive view of all legal service requests
  • Automatically generating notifications to keep business partners updated
  • Offering clients an easy way to keep track of the status and resolution of their legal service request

As legal technology advances, stay ahead of the curve. Let Onit’s Legal Hold and Legal Service Request solutions help automate your processes and save you time. Click here to schedule a demo and learn more about how Onit can help your legal department.

Onit and ADM to Present at CLOC Corporate Legal Operations Institute

Join us for our discussion, “Process Matters: ELM Redefined – Beyond Traditional Legal and Spend Management – Law Department Operations for the 21st Century” at the CLOC Annual Legal Operations Institute on Tuesday, May 3 in San Francisco.

Led by Onit founder and CEO, Eric M. Elfman and David Cambria, Global Director of Operations – Law, Compliance and Government Relations, Archer Daniels Midland (ADM), the two thought leaders will discuss trends in the Enterprise Legal Management (ELM) space and highlight how “process” is redefining how legal department operation managers provide “continuous” value to their company.

Topics of discussion will include:

  • Why systems of record are not enough to drive operational improvements at ADM
  • Why e-billing and matter management technology only represent a “fraction” of the legal department’s needs
  • Why process, workflow and collaboration are critical for the success of his legal department
  • How a business automation tool solves all process needs beyond e-billing and legal spend management
  • Key benchmarks and metrics that drive innovation and transformation in legal operations and performance management

Evolving legal departments like ADM are thinking beyond traditional Enterprise Legal Management Solutions (ELM) solutions that focus only on legal and spend management to influence how they can drive change enterprise wide with operational efficiency, reduced costs and most importantly process improvement.

We’re looking forward to hosting this engaging session and hope you’re able to attend. Click here for a complete list of planned sessions for the May 2016 Institute. Check out our Events Page for more information about upcoming tradeshows we’ll be attending near you.

Contract Status?

Swimming in hundreds of contracts but can’t manage to wade through them all? Is your manual contract management method slowing you down? It’s time to simplify your review and approval process with Onit’s ReviewAI & Approval App.

Check out the video below to learn more about how to streamline your contract management process:

Now that Onit’s ReviewAI & Approval App has all of your comments and revisions in one convenient place – what about the documents themselves? Are you still digging through files to locate years old contracts? Take the headache out of contract administration with an App that’s easily accessible at the click of button.

For more about how Onit’s Contract Administration App can help you get organized and put your contracts right at your fingertips – Check out the video below:

To learn more about improving your contract management and contract review processes, download our white paper – “Simple Contract Management: Apps That Improve Efficiency, Reduce Cycle Times and Help Legal Departments Run Like a Business” or schedule a demo.

What Sets Onit Apart from the Competition?

Onit’s had a busy year so far! We were recently nominated as the 2016 Best Matter Management Vendor and now a fantastic write up on the TechnoLawyer Blog. We work hard to consistently innovate our solutions and tailor them to the needs of busy law departments.

No other ELM vendor approaches legal department operations with “process” as its foundation. The TechnoLawyer Blog outlines the key features that set Onit apart from the competition:

“There’s a saying that every spreadsheet would be better expressed as a software program. Onit co-founder and CEO Eric Elfman found that lawyers in legal departments used a combination of spreadsheets and email to track processes ranging from board minutes to contract review and approval to legal matter assignments and much more.

This explains why Onit goes beyond traditional matter and spend tracking. Onit itself offers what Elfman calls a “process platform” that you can use as your primary system or as a means to augment your core software, including for the tasks noted above. Additionally, your department can create its own custom Onit Apps to fulfill specific needs.”

Read the rest of the article here.

Onit’s solutions can help your legal department:

  • Drive process improvements in all areas of legal operations
  • Enhance responsiveness to your clients and transparency within your legal operations
  • Store all matter information in one secure location
  • Simplify and eliminate unnecessary time-consuming tasks

Interested in learning more about how Onit can save you time and money with automation? Schedule a demo with us today!

Vote for Onit as Best Matter Management Vendor

Are you ready for the first ever Corporate Counsel readers choice survey? Onit has been nominated as one of the Best Matter Management Vendors of 2016!

We have worked hard to create Matter Management solutions that set us apart from others in the industry. Take the survey now to ensure that Onit comes out on top!

According to Law360.com misuse of technology is one of the top 5 ways that lawyers waste time. What’s the point of all of these technological advancements if they are too complicated or time consuming to be of value? Onit’s Enterprise Legal Management (ELM) solution are designed to simplify and streamline the way legal departments manage matters, budgets and processes.

Our matter management solution can help your corporate legal department:

  • Gain visibility into your matter portfolio and legal risk
  • Enhance knowledge sharing and collaboration with team members
  • Store all matter information in one secure location
  • Report and context sensitive analytics through configurable dashboards

Onit is committed to making things easier for lawyers with automation. Time is valuable and we strive to expedite law department processes and eliminate unnecessary manual tasks. We’ve created a “system of engagement” that supports highly integrated, collaborative legal work that reinforces an enterprise’s business goals.

With clients like ADM, The Home Depot, and Under Armour – Onit is one of the most trusted names in the industry.

Click here to learn more about how Onit is creating a new class of ELM solutions.

Onit Recognized in Gartner’s Market Guide for Enterprise Legal Management Solutions

It is with great enthusiasm that we were mentioned in Gartner’s February 4, 2016 Market Guide for Enterprise Legal Management Solutions1 report.

As stated by Gartner, “purpose-built enterprise legal management solutions can improve legal department efficiency and lower overall enterprise risk.”

That is fundamental to what we believe at Onit. Now more than ever, legal departments are being asked to do more with fewer resources. They have expanded responsibilities and cost pressures to deliver legal services more efficiently. Additionally, the scope of in-house legal service is expanding and data breaches and the associated risks are accelerating.

Below are some key findings from the Gartner ELM Market Guide:

  • There is less of a need for e-billing and more need for workflow/collaboration
  • Leveraging spreadsheets, email and homegrown solutions, although prevalent, is becoming unsustainable
  • Investments in ELM technologies can optimize the GC’s day to day operational efficiency by automating and streamlining tasks and processes

Onit is a new type of ELM solution unlike any other provider currently in the market. Built with more than two decades of experience from industry thought leaders, process efficiency, workflow and collaboration is core to our technology.

Our ELM solution helps corporate legal departments:

  • Drive operational improvement easily
  • Create workflows that are unique to your legal and business processes
  • Configure ELM solutions quickly with minimal IT involvement
  • Supplement or replace the capabilities of your current ELM system with advanced automation

In fact, innovative companies like ADM, The Home Depot, ZS Associates, SSM Health and Under Armour are already driving efficiency, increasing transaction velocity and reducing cost because of their investment with Onit. Read more about what our customers are saying about us.

Learn more about our ELM solution or download our ELM white paper.

 

1. Gartner: Market Guide for Enterprise Legal Management Solutions, 4 February 2016.