It’s the end of the week! You are planning to wrap up your work by 6:00 pm and are ready to initiate your weekend mode. Suddenly your boss sends you an email asking you to urgently send a detailed report on all the pending cases with order copies and other documents along with the next date of hearing of each such case. Further, your boss asks you to check and make a report on the new cases which have come up recently on behalf of the organization. Now you are clueless about where to find those documents because there are a bunch of papers already lying on your premise and many of your colleagues are on leave. This is when you realize the benefits of a litigation management tool, as getting all of that information will become a cakewalk with a couple of clicks. You do not need to spoil your weekend anymore.

Litigation by itself is a complex and time-consuming process. It requires handling numerous documents, deadlines, and communications. It requires the coordination of multiple parties, including lawyers, judges, clients, and expert witnesses.

In this blog, we have listed down the top 5 reasons why you must implement a litigation management tool in your organization. This is exactly why many organizations, big or small are now adapting litigation management software in their organization to help streamline and organize their litigation processes and minimize their legal risk.
The Litigation management software can help organizations having a number of cases by managing their whole litigation and notices portfolio. It will track court hearing dates, create a litigation calendar, track budgets and expenses, and help you generate customized reports.

These are the top 5 reasons why an organization must implement a Litigation Management Solution to better manage their litigations:

1. Automated Alerts on Next Date of Hearing: Checking the court websites for the next date of hearing or following up with the empaneled lawyer often becomes a herculean task. Instead of checking through hundreds of different court websites manually, you can easily get the automated next date of hearing alert through a litigation management tool by simply providing a few details of your cases. You don’t need to worry about missing any dates of the case and will get automatic alerts on your email. Lexplosion’s litigation management software, Komlit can automatically extract other information like case history, case type, Judge name and even extracts the order copies from the court websites.
2. Document Repository: A Litigation Dispute comprises a number of notices, cases, documents, notes, and invoices. As legal personnel working in an in-house role, keeping them intact in physical form and managing the different documents for each of the cases is difficult. Especially if you are working out of multiple locations, having a centralized storage helps you access and download your documents easily from anywhere in the world. Litigation management solutions are mainly cloud-based which adds the extra advantage of being accessible anytime and anywhere.
3. Customized Report: A customized report help you analyze better and help you take better decisions. Litigation management software usually is a blessing when you want to analyze your litigation portfolio. You can have a report for your pending cases or your closed or disposed-off cases. You can generate a report on the cases that you have filed to the cases filed against you. You can analyze basis the different case types, court types, risk categories and many more. Lexplosion’s litigation management tool can also help you analyze Lawyer performance. The best part of having a Litigation management tool is to have all these reports updated on a real-time basis.
4. Manage Budget: Every case is allotted a specific budget. Having all the invoices in a single place enables you to track the amount spent on each case. Budget tracking in a litigation management solution is a must for your organization to help you not exceed your budget in a particular case and also to keep a track of all the amount spent monthly / quarterly as well as on a yearly basis for all the cases or for a particular case. Organizations using litigation management software can easily track their spent amount and the amount due, to better organize and plan their budget in advance.
5. Audit Trail: What changes have been made in a case needs to be tracked effectively. Litigation Management software eases your task by tracking the users and the changes made by them with the audit trail feature. People might change their departments or might change their organization, but having a feature like this can make help you track all of those changes and reduce your organizational legal risk.

Apart from the top 5 reasons listed here, there are several other benefits (5 Benefits of Implementing a Litigation Management Solution) and many more reasons to immediately subscribe to a litigation management solution. Komlit, the litigation management tool of Lexplosion tops all of these with a robust access control feature and high-grade security for all of your confidential litigation data.

If you want to explore how a litigation management tool works and can be a savior for your business? Connect with us now to see a demo!

Written by: Amanya Gangawat

Co-Authored by: Kanishka Bose

Disclaimer

All material included in this blog is for informational purposes only and does not purport to be or constitute legal or other advice. This blog should not be used as a substitute for specific legal advice. Professional legal advice should be obtained before taking or refraining from an action as a result of the contents of this blog. We exclude any liability (including without limitation that for negligence or for any damages of any kind) for the content of this blog. The views and opinions expressed in this blog are those of the author/(s) alone and do not necessarily reflect the official position of Lexplosion Solutions. We make no representations, warranties or undertakings about any of the information, content or materials provided in this blog (including, without limitation, any as to quality, accuracy, completeness or reliability). All the contents of this blog, including the design, text, graphics, their selection and arrangement are the intellectual property of Lexplosion Solutions Private Limited and/or its licensors.

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