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The Ultimate LegalTech Buyer’s Guide: 2024 Edition

9/10/2024

Michael Owen Hill

Director, Product Marketing

Technology plays an increasingly vital role in transforming how law firms and legal teams operate. Efficiency, security, and seamless collaboration are all critical to success, and choosing the right tools can make all the difference. The 2024 LegalTech Buyer’s Guide from Legal Tech Publishing provides a comprehensive resource designed to help legal professionals navigate the many options available for legal technology solutions.

In this blog, we’ll explore some of the key highlights from the buyer’s guide, including the latest developments, features, and benefits of the NetDocuments platform. Plus, we'll provide you with a link to download your complimentary copy of the full guide for a deeper dive into how legal technology is reshaping the industry.

The Future of Work: NetDocuments and AI-Driven Solutions

With the rise of artificial intelligence (AI),cloud-based solutions, and enhanced collaboration tools, legal professionals are seeking technology that meets their needs wherever they are — whether it's in the office, at home, or on the go. NetDocuments, a standout product in the guide, offers a suite of solutions designed to revolutionize the legal document management process.

Key Features of NetDocuments

NetDocuments is not just a legal document management system (DMS); it’s a comprehensive, cloud-native solution that streamlines workflows, integrates with familiar tools like Microsoft 365, and leverages AI to improve productivity and increase efficiency for your legal teams. Below are some of its most notable features:

Seamless AI-Powered Document Automation:

The first product available from the AI-powered ndMAX suite is the App Builder, powered by PatternBuilder MAX. This tool includes ready-to-use AI applications for common legal use cases and offers a no-code app builder, allowing law firms and legal teams to build their own applications. With AI functionality embedded, tasks like document generation, summarization, and extraction of critical data are automated, reducing time and potential errors.

Powerful Integrations with Microsoft 365:

NetDocuments is part of Microsoft’s Cloud Storage Partner Program (CSPP), which means it integrates deeply with Microsoft Outlook, Teams, and Word. This allows legal professionals to work efficiently within their preferred environment. The platform also supports natural language search through the Microsoft Copilot integration, making it easier to find documents and information.

Enhanced Collaboration with Teams and Margin Notes:

Collaboration is key in any legal environment. NetDocuments extends Microsoft Teams' functionality by enabling users to access, share, and collaborate on documents securely from within Teams. It also features Margin Notes, which allows users to comment on documents without altering the content itself. This helps avoid version conflicts and ensures that everyone involved is working from the same, up-to-date document.

Secure Document Sharing and Access Control with CollabSpaces:

NetDocuments makes it easy to set up secure workspaces called CollabSpaces for document sharing. You can securely share documents with external parties without compromising access control or data governance. It’s a one-stop platform that maintains all file access records and tracks changes seamlessly.

Data Security with DLP and Compliance:

The Data Loss Prevention (DLP) policies within NetDocuments ensure that your data remains secure. You can restrict file sharing, prohibit syncing of documents, and enforce access policies to meet compliance requirements. For firms that handle sensitive information, these security features are invaluable.

The Power of Purpose-Built AI Apps

The introduction of AI in legal workflows is a game-changer. The ndMAX App Builder, powered by PatternBuilder MAX, a core feature of NetDocuments, leverages Microsoft Azure OpenAI to enable secure, large language model (LLM) applications like GPT-4. The AI is tailored to specific legal workflows, and firms can create prompts and automation for various tasks, such as:

Document Summarization: Automatically generate general or specific summaries based on templates.
Document Drafting: Draft new documents using prior precedents or create drafts from scratch.
Information Extraction: Extract specific data points from documents and store them in a database for analysis or automation.
Contract Analysis: Analyze documents based on contract playbooks to ensure compliance and alignment with firm standards.

With nine pre-built Studio Apps to choose from, firms of all sizes can tailor AI functionality to their specific business needs.

Effortless Document Assembly and Task Management

In addition to advanced AI capabilities, NetDocuments simplifies how legal professionals handle everyday tasks:

Document Bundling with SetBuilder: Streamline the assembly of trial exhibits, deal bibles, and other document sets with SetBuilder, which consolidates files into a single, shareable format.
Task Management and Notifications: Stay organized with a dedicated Tasks tab within each workspace. Assign tasks, monitor progress, and include relevant documents — all without leaving the platform.

Why Choose NetDocuments?

The LegalTech Buyer’s Guide highlights why NetDocuments intelligent DMS that’s providing smarter workflows and powerful experiences is an excellent choice for law firms and legal teams, including:

Matter-Centric DMS: Provides a single source of truth for securing, organizing, and automating documents.
Deep Microsoft Integration: Work seamlessly in Outlook, Teams, and Word without switching between platforms.
Powerful AI Workflows: Enhance productivity with tailored automation for generating, comparing, and managing documents.
Secure Sharing and Compliance: Share files with confidence, knowing your DLP policies and access controls are in place.
Flexible API Integration: Connect over 150applications, including eSignature tools like DocuSign, to enhance your legal tech stack.

With over 7,000 global clients, NetDocuments is a trusted, reliable, and innovative partner for legal professionals to do their best work.

Get the Full Buyer’s Guide

To truly understand the benefits of NetDocuments and how it can transform your practice, download the LegalTech Buyer’s Guide: 2024 Edition. This guide is packed with insights into the latest trends, solutions, and best practices in legal technology, helping you make informed decisions about your next tech investment.

To learn more about how NetDocuments can elevate your legal teams, contact us today to speak to a representative or request a demo to see it in action.

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"Great company, great products, great leadership, great people, great culture!"

"I love my team and peers. We are family, and we respect each other."

"NetDocuments encourages a good work/family balance."

"I feel respected and valued by leadership and my team."

"We work together and support/encourage each other to do our best work every day."

"From start to finish, my leaders are willing to guide me and let me try new things. This keeps work fresh, exciting, and fun so I don't burn out or get bored."

"I have clear direction in my work tasks and priorities. I also feel encouraged to put my family first and maintain a healthy work life balance."

"I work with highly motivated individuals who are smart and allow me to learn from them!"

"NetDocuments is committed to exceeding customer expectations by building leading products hosted in rock-solid environments."

"I'm empowered to try new things and think through processes and campaigns strategically. I can lean on my boss for support, but I'm not micromanaged, which is appreciated."