Legaltech Terms Glossary: Legaltech Terms in 2024
A
Artificial Intelligence
Artificial Intelligence (AI) refers to the simulation of human intelligence in machines.
Augmented Reality
Augmented Reality (AR) overlays digital information such as images, videos, or 3D models onto the real world.
B
Blockchain
Blockchain is a decentralized and distributed digital ledger that records transactions across multiple computers.
C
Case Management
Case management involves the organization and tracking of legal cases, including tasks, documents, and deadlines.
Chatbot
A Chatbot is a computer program designed to simulate conversation with human users, typically used to provide information or answer questions.
Chatbots
Chatbots are AI-powered virtual assistants that can interact with users in natural language.
Cloud Computing
Cloud Computing is the delivery of computing services, including storage, databases, software, and analytics, over the internet.
Cloud Storage
Cloud Storage is a service that allows data to be stored and accessed on remote servers over the internet.
Collaboration Tools
Collaboration Tools are software applications that enable individuals and teams to work together and share information.
Compliance Management
Compliance Management involves ensuring adherence to laws, regulations, and internal policies within an organization.
Contract Analytics
Contract analytics uses AI and machine learning to extract key data and insights from contracts for analysis and review.
Contract Automation
Contract Automation involves using technology to streamline and automate the creation, negotiation, and management of contracts.
Contract Management
Contract Management involves the creation, negotiation, execution, and tracking of contracts throughout their lifecycle.
Cybersecurity
Cybersecurity focuses on protecting computer systems and networks from unauthorized access, use, disclosure, disruption, modification, or destruction.
Cybersecurity Incident Response
Cybersecurity Incident Response is the process of addressing and managing the aftermath of a cybersecurity breach or incident.
D
Data Analysis
Data analysis involves examining and interpreting data to uncover patterns, insights, and trends.
Data Analytics
Data Analytics is the process of examining data sets to draw conclusions and make informed decisions.
Data Extraction
Data extraction involves retrieving specific information from structured and unstructured data sources.
Data Governance
Data Governance is the overall management of the availability, integrity, and security of data within an organization.
Data Management
Data management involves the collection, organization, storage, and governance of data throughout its lifecycle.
Data Migration
Data Migration refers to the transfer of data from one system or storage device to another.
Data Privacy
Data Privacy refers to the protection of personally identifiable information (PII) and the lawful handling and storage of data.
Data Protection
Data Protection involves safeguarding sensitive information from unauthorized access, use, disclosure, or destruction.
Data Security
Data security focuses on protecting data from unauthorized access, use, disclosure, disruption, modification, or destruction.
Data Visualization
Data Visualization involves presenting data in visual formats such as charts, graphs, and maps to facilitate understanding and analysis.
Digital Transformation
Digital transformation is the integration of digital technology into all aspects of an organization to improve operations and deliver value to customers.
Document Automation
Document Automation is the use of software to create, manage, and generate legal documents automatically.
Document Management
Document management involves the creation, storage, retrieval, and control of electronic documents and files.
Document Management System
A Document Management System (DMS) is a software solution that provides a centralized repository for storing, managing, and organizing documents.
Document Review
Document Review is the process of analyzing documents for relevance, privilege, and responsiveness in preparation for legal proceedings.
E
E-Discovery
E-Discovery is the process of identifying, collecting, and producing electronically stored information (ESI) for legal proceedings.
E-Notary
An E-Notary is a notary public who performs notarizations electronically, typically using digital tools and platforms.
Ediscovery
eDiscovery, or electronic discovery, is the process of identifying, collecting, and producing electronically stored information (ESI) for legal proceedings.
Electronic Billing
Electronic billing is the process of generating and sending invoices electronically for legal services.
Electronic Signature
An Electronic Signature is a digital representation of a person's handwritten signature used to sign electronic documents.
Electronic Signatures
Electronic signatures, also known as e-signatures, are electronic indications of intent to agree or consent to the contents of a document.
I
Intellectual Property Management
Intellectual property management involves the protection, maintenance, and monetization of intellectual property assets.
K
Knowledge Management
Knowledge Management involves the capture, organization, and sharing of knowledge and expertise within an organization.
L
Legal Ai
Legal AI refers to the application of AI technologies and techniques in the field of law to automate and enhance legal processes.
Legal Analytics
Legal Analytics involves applying data analysis techniques to legal data to gain insights and inform decision-making.
Legal Assisted Intelligence (Lai)
Legal Assisted Intelligence (LAI) refers to the use of AI and other advanced technologies to enhance the capabilities of legal professionals, providing them with tools and insights to improve their work.
Legal Billing Software
Legal billing software automates and manages the invoicing and billing process for legal services.
Legal Calendar Management
Legal calendar management involves tracking and managing important legal dates, deadlines, and events.
Legal Case Management
Legal Case Management refers to the tools and processes used to manage the progress and details of legal cases.
Legal Chatbot
A Legal Chatbot is a chatbot specifically designed to assist with legal queries and provide legal information.
Legal Chatbots
Legal chatbots are AI-powered virtual assistants designed to provide legal information, guidance, and support to users.
Legal Chatrooms
Legal chatrooms provide online platforms for legal professionals to exchange knowledge, discuss legal issues, and seek advice.
Legal Compliance
Legal Compliance involves ensuring that a company or organization operates in accordance with relevant laws and regulations.
Legal Compliance Software
Legal Compliance Software refers to software solutions designed to automate and streamline compliance management tasks, ensuring adherence to legal and regulatory requirements.
Legal Data Analysis
Legal Data Analysis involves examining legal data to identify patterns, trends, and insights.
Legal Data Analytics
Legal Data Analytics involves the extraction, analysis, and visualization of legal data to gain insights and improve decision making in legal matters.
Legal Data Extraction
Legal data extraction involves gathering specific legal information from various sources, such as court filings and public records.
Legal Data Management
Legal Data Management involves the collection, organization, storage, and analysis of legal data and information.
Legal Data Privacy
Legal Data Privacy refers to the legal and regulatory requirements for protecting personal and sensitive data.
Legal Database
A Legal Database is a collection of legal information, including statutes, regulations, case law, and legal commentaries, organized and searchable for efficient access.
Legal Document Automation
Legal document automation automates the creation and generation of legal documents using templates and rules.
Legal Document Collaboration
Legal Document Collaboration involves multiple parties working together on legal documents, allowing for simultaneous editing, commenting, and version control.
Legal Document Management
Legal Document Management involves the organized storage, retrieval, version control, and sharing of legal documents.
Legal Document Review
Legal Document Review is the process of examining legal documents for relevance, privilege, and responsiveness during legal proceedings, particularly in the discovery phase.
Legal Drafting Software
Legal Drafting Software is a specialized software tool that helps lawyers and legal professionals create and edit legal documents, ensuring accuracy, consistency, and efficiency.
Legal Entity Management
Legal entity management involves the administration and compliance of legal entities, such as corporations and partnerships.
Legal Hold
A Legal Hold is the process of preserving electronic information that may be relevant to a legal case or investigation.
Legal Hold Notification
Legal hold notification informs custodians and users about the need to preserve potentially relevant ESI for a legal matter.
Legal Hold Software
Legal hold software automates and streamlines the legal hold process, ensuring compliance with legal requirements.
Legal Innovation
Legal Innovation refers to the development and implementation of new methods, technologies, and approaches to improve the practice of law and legal services.
Legal Knowledge Base
A Legal Knowledge Base is a centralized repository of legal information, resources, and precedents.
Legal Knowledge Management
Legal knowledge management involves capturing, organizing, and sharing legal knowledge and expertise within a law firm or legal department.
Legal Marketing
Legal Marketing refers to the promotion and branding activities undertaken by law firms and legal professionals to attract and retain clients.
Legal Operations
Legal Operations encompasses the business and administrative aspects of managing a legal department or law firm.
Legal Operations Manager
A Legal Operations Manager is responsible for overseeing and optimizing the administrative and operational functions of a legal department, focusing on efficiency, cost-effectiveness, and strategic alignment.
Legal Operations Software
Legal Operations Software refers to software solutions specifically designed to support legal operations functions, such as matter management, billing, and reporting.
Legal Practice Automation
Legal Practice Automation involves the use of technology and software tools to automate routine legal tasks, allowing lawyers to focus on higher-value work.
Legal Practice Management
Legal Practice Management refers to the software and tools used to manage the operations and administration of a law firm.
Legal Practice Management Software
Legal Practice Management Software is a comprehensive software solution designed to support law firms and legal professionals in managing all aspects of their practice, including client and matter management, timekeeping, billing, and reporting.
Legal Practice Software
Legal Practice Software is a software solution designed to assist law firms and legal professionals in managing their practice.
Legal Process Automation
Legal Process Automation involves using technology to automate repetitive and manual tasks in legal processes, reducing costs, improving efficiency, and minimizing errors.
Legal Process Outsourcing
Legal Process Outsourcing (LPO) involves the delegation of specific legal tasks or processes to external service providers, often located in different jurisdictions.
Legal Project Management
Legal Project Management focuses on planning, organizing, and managing legal projects to improve efficiency and outcomes.
Legal Research
Legal Research is the process of finding and analyzing legal information and precedents to support legal decision-making and case strategy.
Legal Research And Analytics Software
Legal Research and Analytics Software combines legal research capabilities with advanced data analytics tools, enabling lawyers to find relevant legal information and derive insights from large volumes of legal data.
Legal Research Database
A Legal Research Database is a collection of legal documents and data that is searchable and accessible for legal research purposes.
Legal Research Platform
A Legal Research Platform is a software application or online service that provides access to legal research resources and tools.
Legal Research Service
A Legal Research Service is a subscription-based service that provides access to a comprehensive collection of legal research resources, including case law, legislation, and legal commentary.
Legal Research Software
Legal Research Software refers to computer programs that assist in legal research by providing access to legal databases and tools.
Legal Risk Management
Legal Risk Management involves identifying and mitigating legal risks to minimize potential legal issues and liabilities.
Legal Scanning
Legal Scanning involves the conversion of physical documents into digital format for easier storage, retrieval, and sharing.
Legal Service Delivery
Legal Service Delivery refers to the way legal services are provided to clients, encompassing various models, such as traditional law firms, in-house legal departments, and alternative legal service providers.
Legal Tech Startup
A Legal Tech Startup is a newly established company that develops and offers innovative technology solutions specifically tailored for the legal industry.
Legal Technology
Legal Technology, often abbreviated as Legaltech, refers to the use of technology to improve legal services, processes, and operations.
Legal Technology Consultant
A Legal Technology Consultant is a professional who provides expertise and guidance on the effective use of technology in the legal industry, assisting firms and organizations in implementing legaltech solutions.
Legal Technology Vendor
A Legal Technology Vendor is a company that develops and sells technology products and services specifically for the legal industry.
Legal Training
Legal training involves educating lawyers, legal professionals, and law students on various legal topics and skills.
Legal Workflow Automation
Legal Workflow Automation involves using technology to automate and optimize legal workflows and processes.
Legaltech
Legaltech refers to the use of technology and software to streamline and enhance legal processes and services.
Legaltech Startup
A Legaltech Startup is a newly established company that focuses on developing and delivering legal technology solutions.
Litigation Management Software
Litigation management software helps organizations manage the various stages and aspects of litigation cases.
Litigation Support
Litigation Support refers to the services and technology used to assist lawyers and legal teams in managing litigation.
M
Machine Learning
Machine Learning (ML) is a subset of AI that focuses on getting machines to learn from data.
N
Natural Language Processing
Natural Language Processing (NLP) is a branch of AI that deals with the interaction between humans and computers using natural language.
O
Online Dispute Resolution
Online Dispute Resolution (ODR) is the use of technology to facilitate the resolution of disputes between parties through online platforms and processes.
P
Predictive Analytics
Predictive Analytics involves using historical data and statistical algorithms to forecast future outcomes or trends.
R
Regulatory Compliance
Regulatory Compliance involves ensuring that an organization follows all applicable laws, regulations, and guidelines.
Robotic Process Automation
Robotic Process Automation (RPA) uses software robots to automate repetitive tasks and processes.
Rule-Based Systems
Rule-based systems use a set of predefined rules and logic to make decisions or perform tasks in a specific domain.
S
Smart Contracts
Smart Contracts are self-executing contracts with the terms of the agreement directly written into code.
T
Technology Assisted Review
Technology Assisted Review (TAR) uses software algorithms to prioritize and classify documents for legal review.
Text Mining
Text Mining is the process of extracting meaningful information from large amounts of unstructured text data.
V
Virtual Data Room
A Virtual Data Room (VDR) is a secure online repository for storing and sharing sensitive legal documents during due diligence, M&A transactions, and other similar processes.
Virtual Law Firm
A Virtual Law Firm is a law firm that operates primarily online without a physical office space.
Virtual Reality
Virtual Reality (VR) is a computer-generated simulation of a three-dimensional environment that can be interacted with and explored by a user.