The annual global LegalTech Breakthrough Awards recognises Lawcadia as Legal Spend Management Innovation of the Year.
Lawcadia, Australia’s leading provider of matter and spend management solutions for in-house legal teams and their law firms, today announced the company has been named winner of the “Legal Spend Management Innovation of the Year” award in the second annual LegalTech Breakthrough Awards.
Lawcadia has a unique platform for managing legal spend and outside counsel relationships along with legal matter management and workflow automation.
“We are passionate about using technology to bring structure, transparency and collaboration to the entire matter life-cycle in a way that takes the focus AWAY from the billable hour, time and rates, and TOWARDS better instructions, scoping of matters, alternative fee arrangements, project management, collaboration and metrics,” said Sacha Kirk, co-founder and Chief Marketing Officer of Lawcadia.
“6 years ago we had a vision for creating a better legal market and receiving this award reinforces our role in applying innovation and technology to the way that in-house counsel and their law firms manage matters, budgets and workflow,” she said.
According to Ms Kirk the legal industry is experiencing a period of extraordinary growth and change with new appetites for transformation, positioning legal technology systems as crucial pieces of infrastructure.
The mission of the annual LegalTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the standout technology companies, solutions and products in the legal technology industry today. This year’s program attracted more than 1,300 nominations from over 12 different countries throughout the world. In 2020, Lawcadia was recognised by the awards program as “LegalTech Start of the Year” and “Overall Legal Spend Management Solution Provider of the Year”.
“This year’s nominees represent a new generation of innovators that is bringing a better understanding of the massive potential for growth and opportunity associated with the adoption of legal technology tools,” said Bryan Vaughn, Managing Director of LegalTech Breakthrough Awards.
The full listing of award winners announced in all sectors can be viewed here.
This article explores spend management and discusses how Lawcadia’s innovative approach can enable legal departments to bring structure, transparency and collaboration to the entire matter life-cycle in a way that takes the focus AWAY from the billable hour and TOWARDS better instructions, scoping of matters, alternative fee arrangements, project management, collaboration and metrics.
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