Gartner Market Guide for Enterprise Legal Management Solutions

The best ELM providers combine immediate benefits with scalability, flexibility, and ease of adoption and integration. Together, they support this long-term return on investment and help a legal stack become a growth engine for the entire company. Ireland is one of the first companies to use machine learning and AI to create an integrated enterprise-level legal management platform covering end-to-end legal operations such as service request management, budgeting, forecasting, tracking terms and legal issues, invoicing, reviewing and streamlining internal workflows, reports/analyses, etc. This was specifically used by our team of General Counsel in the UK when we were building a project on the operation and governance of legal entities. This tool was previously called LegalShine. All of this will contribute to digital transformation, where law firms and departments “see enterprise legal management solutions as essential to transforming the legal department from a cost center into a critical and active business partner leading business initiatives.” But might not help the company today. We have already defined ELM, but let`s recap Gartner`s point of view: ELM solutions are used to manage and streamline workflows such as legal e-invoicing, legal affairs management, contract lifecycle management, intellectual property management, e-discovery, entity management, risk management, compliance and monitoring. We are honored by this recognition as we have worked with thousands of legal departments over the past 25 years to help them fulfill their responsibilities and missions. Helping CLOs, General Counsels and In-House Counsel implement best practices in their day-to-day business management is at the heart of our corporate legal management solutions. By ensuring that our clients streamline their legal activities safely on a daily basis, we understand better than anyone that we need to be efficient and productive in the face of the growing responsibilities and reputation of legal services. We believe Gartner structures its vision of the landscape to bring applications together from an end-user perspective and analyst evaluation. The grouping is based on interviews and feedback that Gartner collects in the market, typically through direct discussions with larger players.

This view can evolve into traditional models of acceptance and work, avoiding or neglecting innovations until they become mainstream. Our ELM solution helps corporate legal departments: What companies need now are AI services that help automate and add intelligence to processes for use cases such as due diligence and contract risk analysis. Automating legal processes and services helps in these areas, while companies themselves are looking for a wider digitization and distribution of key knowledge throughout the company. As the growth of self-service applications, chatbots, and no-code application building solutions helps make digital solutions more accessible to lawyers and professionals, reliance on IT services for the bulk of the work will decrease. “Simple and intelligent solution for legal management” Onit is a new ELM solution unlike any other provider on the market. Process efficiency, workflow and collaboration are based on over two decades of experience from industry thought leaders and are at the heart of our technology. The main business interests served by suppliers include: e-invoicing control, contract lifecycle and intellectual property management, while supplier platforms increasingly offer automation, analysis, collaboration and automation of documents as part of the package. Enterprise legal management solutions help in-house legal departments manage legal departments and workflows. Application managers need to work with legal leaders and use this market guide to understand this evolving market and make their technology decisions. For example, the growing number of BRYTER clients are using the platform to quickly deploy tools that meet their urgent needs, improve the company`s legal efficiency and create new business in an increasing way.

The report points out that more than 50% of deployments take place in the US market, about a third of which are in Europe. It also shows that cloud adoption is growing rapidly, with on-premises deployments increasing from 28% to 21% since 2019, with the technology helping to address the wide range of legal pressure points, as shown in the complex visual description below, an increasing number of which can be solved by BRYTER`s codeless automation technology. Gartner research shows that “ELM solutions provide support and insight into legal processes and workflows.” This market guide will help you understand this changing market and make your technology decisions. DiliTrust has been recognized as a representative vendor in the Gartner 2020 Market Guide for Enterprise Legal Management Solutions (ELM). DiliTrust is one of 21 suppliers named in this brand new report, which is a must-have for legal leaders looking to gain new insights into the ELM market. The legal sector is increasingly becoming the focus of technology analysts` minds as the global company digitizes its many services. Gartner analysts have highlighted trends and new technologies in a new round of Legal Tech hype and in their latest study by Nikos Drakos, “Market Guide for Enterprise Legal Management Solutions.” It helps enterprise IT planners understand the myriad of software solutions in this rapidly growing market, as well as the benefits and pitfalls of adopting the many new technologies, including legal automation, AI, and analytics. Buyers should be able to use ELM solutions beyond the legal department.

A best-in-class solution allows your legal team to collaborate and communicate with the rest of the organization. BRYTER`s clients understand the nuances of a legal problem and can tackle it without expensive IT resources by using our ESG software to develop the solution that meets their needs. Gartner has spent a lot of time focusing on the legal technology market in 2020, and we look forward to learning more in 2021. The report identifies a market that derives greater value from automation that supports and guides human decision-making. However, the recommendations follow the well-mapped path for typical enterprise and enterprise software deployment, so much so that you can almost feel the months and dollars go by: The problem for the legal department is that, as the report points out, few products meet all their needs, and adoption can take too long when it comes to Finding the right product, or a combination of these, to solve a company`s pressing problems. All of this can cause lawyers to twiddle their thumbs or use outdated resources or a collection of incompatible tools to get things done while waiting for IT to provide a new solution. ©2022 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc.

and its subsidiaries. This publication may not be reproduced or distributed in any form without the prior written permission of Gartner. These are the opinions of Gartner`s research organization and should not be construed as a statement of fact. Although the information contained in this publication has been reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information.