News You Can Use – July 2023
Welcome to the July edition of our monthly newsletter!
As summer heats up, Lupl is thrilled to be part of several legal tech events showcasing all the latest innovations around the industry and how to overcome the inevitable challenges legal professionals face as a result. From an informative ILTA Product Briefing highlighting why Lupl is the ultimate LPM solution, to the highly anticipated ILTACON and Singapore Academy of Law gatherings, summer ’23 is brimming with opportunities to connect, learn, and meet thoughts leaders of legal innovation.
Read on for links to the events above, more on what’s happening in the industry and how Lupl is being leveraged to increase profitability in law firms all over the world 👇🏼.
What’s new in Lupl
Our team has been hard at work to improve your experience with Lupl, and make getting work done frictionless. Here are the highlights of what we shipped recently. We are thrilled to showcase the impressive strides we have taken in our recent sprints and unveil all our exciting new features and enhancements.
There are too many to list in an email! So we’ve compiled them into a single post covering the following categories:
- ✅ Task Management
- 📃 Document Management
- 🔗 Open API and Integrations
- ⚙️ Matter Management
- ⚡ UI/UX improvements
- 🚀 App Performance
- 🔐 Security & Compliance
📣 Calling all Early Adopters! 📣
We’re excited to announce the upcoming launch of our new feature – Create Matter by Email!
This feature is designed to streamline new matter creation, utilizing AI to bring key information from the email into your new Lupl Matter. As we finalize the development, we’re offering our users an exclusive opportunity to be part of our beta testing program. If you’re an early adopter who loves exploring new features and providing valuable feedback, this is your chance! To register your interest in the beta program, simply email our sales team at firstname.lastname@example.org.
We appreciate your participation and look forward to making Lupl even better with your help!
Discover how your peers are utilizing Lupl
Successful practitioners harness Lupl to elevate their practice, boosting efficiency, client satisfaction, and profitability for their law firms. Our Success team has compiled a list of 80+ use cases across almost all practices. We’ll be highlighting a different use case each month.
Lupl can be used to deliver your capped fee matter on time and on budget, providing improved efficiency & profitability, and an elevated client experience, which positions the firm to win more work.
How it works
- Adapt to client expectations for fixed-fee or capped-fee legal services by effectively planning, organizing, and delivering matters to meet deadlines and budgets without unnecessary write-offs.
- Utilize Matter Templates for standardized scoping of capped fee matters, reducing setup and scoping time by 50% or more.
- Manage key Tasks in Lupl for team transparency, streamlining progress and next steps.
- Incorporate automatic checkpoints into Matter Templates for regular updates and no surprises at matter completion.
- Use automatic reminders to reduce time spent on chasing tasks via email.
- Decrease internal emails and meetings by 75% or more, enabling teams to focus on substantive, value-add work.
- Access live financial data related to the matter within Lupl if your firm integrates its PMS with Lupl.
Have a use case you want to share? We would love to hear it. Check out our new Use Case Library and submit yours today!
📚 Hot Off the Press
We’re excited to share our first eBook! Written by by India Preston, Lupl’s Director of Platform Solutions, How Legal Project Management Transformed My Law Firm’s Workflows, is a comprehensive, beginner’s guide to legal project management, offering invaluable insights on leveraging best practices to supercharge efficiency and increase profitability.
Join India on her journey as she unveils practical strategies and real-life examples that will empower law firms to embrace transformative change and revolutionize their workflows. Get ready to embark on a path towards greater success and discover the immense potential of legal project management. Get Your Free eBook Today!
IRL / URL
A collection of interesting finds across the web (URL) and a chance to meet with the Lupl team in real life (IRL).
- Mayer Brown has launched a Technology GC in Residence program. Our take – Beth Stevens, an experienced GC with high-growth tech companies, shares her experience as the first GC to fill the role of Tech GC in Residence. Stevens worked with Nina Flax, who designed the program and leads the firm’s Technology & IP practice. Stevens spent four months advising Mayer Brown lawyers on how to work with other General Counsels, focusing on effective methods of collaboration lawyers can use with in-house clients. The program reflects Mayer Brown’s commitment to addressing evolving legal challenges and the growing need for firms to embrace collaboration in the legal industry, especially as it relates to expectations around tech proficiency.
- EU moves closer to passing one of world’s first laws governing AI. Our take – the European Union is preparing to pass one of the world’s first comprehensive laws governing AI, aiming to establish a legal framework that addresses the ethical and legal implications of AI technology. The law seeks to regulate various aspects of AI, including its use in critical sectors such as healthcare and transportation, as well as ensuring transparency, accountability, and human oversight in AI systems. The legislation also proposes fines and penalties for non-compliance. The EU’s efforts to regulate AI reflect growing global concerns about the potential risks and impact of AI technology on society. While the legislation is not yet finalized, the EU’s progress in developing comprehensive AI regulations signals a significant step toward shaping the responsible and ethical development and use of AI in the future.
- AI Is a Lot of Work. Our take – this article underscores the pivotal role of data annotators in AI development, often overshadowed by tech giants. These annotators, employed by companies like Scale AI and Remotasks, manually label data to train AI models, a process with significant ethical implications regarding fair wages and working conditions. The article also highlights AI’s potential impact on the legal industry, emphasizing its ability to automate routine tasks and increase efficiency, while cautioning the need for the legal profession to address the ethical and legal challenges posed by AI. The piece advocates for the recognition of data annotators’ contributions and the importance of preparing for AI integration in the legal tech industry.
- Thomson Reuters to acquire legal AI firm Casetext for $650 mln. Our take – Thomson Reuters has announced its acquisition of Casetext, a legal tech startup known for its AI-powered assistant for law professionals, in a deal worth $650 million. This acquisition marks a significant move in the legal tech industry, highlighting the growing importance and value of AI in enhancing legal research and practice. The integration of Casetext’s innovative technology is expected to further strengthen Thomson Reuters’ position as a leading provider of comprehensive legal information and solutions.
In our very first ILTA Product Briefing, India Preston, our Director of Platform Solutions, will demonstrate why Lupl is the go-to LPM solution for lawyers and legal professionals.
💻 Online | July 19, 2023 | 12-1 PM EST
Lupl is a proud partner of the Singapore Law Academy. Hear from subject matter experts about the state of legal today in Asia, the art of law firm management, and more. For participants who qualify, this is a SILE Accredited CPD Activity.
🇸🇬 Singapore | August 3-4, 2023
Lupl is thrilled to be exhibiting at ILTACON again this year at the Walt Disney Resort in Orlando, FL. Stop by Booth 200 (just to the left of the Pacific Hall entrance) and get a sneak peek at our latest features before they’re rolled out to the public!
🇺🇸 Orlando | August 20-24, 2023