27 April 2021

Lawyers Weekly: Lawcadia unveils solution for law departments facing overload

News
By Jerome Doraisamy

Australian legal technology company Lawcadia has launched new features to help meet the growing demand for automation in-house.

Lawcadia – which has a cloud-based platform that in-house legal teams and their law firms use to manage intake, matters, engagements, RFPs, and spend – has expanded its matter and spend management capabilities to include document automation.

By building in such automation features, the company can better assist law departments that may be struggling with work overload, it said.

“In recent research of legal department leaders, 87 per cent confirmed that their teams spend too much time on low complexity, routine tasks, and 76 per cent said that they find it challenging to manage current workloads. It has become apparent that self-service strategies and automated processes, including document automation, must now be considered essential,” the company said in a statement.

Speaking about the new features, Lawcadia chief executive and founder Warwick Walsh said: “Automating repetitive documents in conjunction with our exceptional intake and workflow automation capability is saving legal teams significant time and improving their client service delivery.”

Law departments that utilise Lawcadia’s intelligent automation engine, Lawcadia Intelligence, can deploy automated document generation “so internal clients can fill in their information and immediately access a draft contract or agreement in a matter of minutes via self-service”.

“The legal team can also opt to receive and review the generated documents or out-source to an external provider,” it added.

Mr Walsh said: “With some more complex agreements taking up to two hours to prepare, adding document automation to a legal department’s tool kit means a more streamlined experience for internal clients as well as in-house lawyers.

“Our document automation is quite simple to implement and isn’t onerous on the legal team, which is a common criticism of other solutions. For example, we set up our own mutual NDA with document automation in about 10 minutes, which was just fantastic.”

Mr Walsh reflected that “a number of organisations” are already implementing Lawcadia’s document automation capability, and that he is excited at the level of interest by corporate and government legal departments that reflects a growing appetite for automation and transformation.

View the original article published by Lawyers Weekly.

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