AdvanceLaw

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AdvanceLaw is an app that connects in-house legal teams with vetted law firms, streamlining management of external legal services and costs.

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In May 2021, AdvanceLaw was acquired by Mitratech, a proven global technology partner and trusted provider of end-to-end solutions designed to help corporate legal, HR, risk, and compliance teams increase efficiency, manage risk, control costs, and scale for the future. AdvanceLaw offers a white-glove firm and panel management service through which in-house counsel can find star lawyers vetted by peer performance data — rather than firm brand — for quality, innovation, and diversity. AdvanceLaw members can achieve double-digit cost savings on outside counsel fees, strengthen law firm partnerships and business knowledge, converge and build preferred provider panels, and be part of a growing community that's changing the broken legal market.

The AdvanceLaw app is designed to streamline interactions between legal departments and outside counsel, offering a platform for managing external legal services more efficiently. Its primary function involves facilitating relationships between corporate legal teams and law firms, with a focus on reducing legal costs and enhancing strategic partnerships.

Key features of the app include assisting clients in identifying suitable law firms for their legal needs and providing insights into legal market trends. It supports organizations in improving their outside counsel management strategies by offering a panel of vetted law firms, enabling better cost management and stronger relationships with these firms. The app is particularly useful for in-house legal departments seeking to optimize their engagement with external legal service providers across various practice areas. By leveraging this platform, companies can benefit from more streamlined processes and strategic legal advice, ultimately enhancing their legal operations.

This description was generated by AI (artificial intelligence). AI can make mistakes. Check important info.

Website: advancelaw.com

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AdvanceLaw

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