The PRWIRE Press Releases https:// 2021-05-06T05:45:08Z Lawcadia announces BI reporting for the legal, risk and compliance functions 2021-05-06T05:45:08Z lawcadia-announces-bi-reporting-for-the-legal-risk-and-compliance-functions With corporate and government organisations experiencing a heightened focus on budgetary, regulatory, risk, compliance, and governance issues, Lawcadia have introduced BI reporting so that departments can benefit from custom dashboards and beautiful reports that capture unique data points, metrics and provide crucial insights. Lawcadia chief executive officer and founder Warwick Walsh said, “General Counsels and compliance leaders need accurate and relevant reporting structures to help them demonstrate the impact and value of the legal function as well as to support a strategic decision-making framework.” “Lawcadia’s new BI reporting allows legal, compliance and risk teams to easily prepare custom dashboards and impactful reports based on data points that are relevant to that particular organisation,” he said. According to Mr Walsh, there is no ‘one-size-fits-all’ when it comes to legal metrics and analytics which is the key driver for Lawcadia bringing BI Reporting to their suite of intelligent legal workflow, matter and spend management tools. “Legal departments can customise their own dashboards with drag-and-drop functionality, create beautiful reports, as well as dictate which unique data points need to be captured for reporting purposes.” Following the release of document automation last month, BI reporting is another feature made possible by the firm’s new intelligent platform engine, Lawcadia Intelligence™. Lawcadia announces document automation for self-service and legal team efficiency 2021-04-20T01:20:15Z lawcadia-announces-document-automation-for-self-service-and-legal-team-efficiency Australian legal technology company Lawcadia announces built-in document automation features to meet the growing demand for automation as legal departments face work over-load. In recent research of legal department leaders, 87% confirmed that their teams spend too much time on low complexity, routine tasks, and 76% said that they find it challenging to manage current workloads. It has become apparent that self-service strategies and automated processes, including document automation, must now be considered essential.  To help the legal function ‘do more’, legal workflow automation experts Lawcadia have expanded their matter and spend management capabilities to include document automation. Lawcadia chief executive officer and founder Warwick Walsh said, “Automating repetitive documents in conjunction with our exceptional intake and workflow automation capability is saving legal teams significant time and improving their client service delivery”. Utilising the firm’s intelligent automation engine, Lawcadia IntelligenceTM, legal teams can deploy automated document generation so internal clients can fill in their information and immediately access a draft contract or agreement in a matter of minutes via self-service. The legal team can also opt to receive and review the generated documents or out-source to an external provider. “With some more complex agreements taking up to two hours to prepare, adding document automation to a legal department’s tool kit means a more streamlined experience for internal clients as well as in-house lawyers,” said Mr Walsh. “Our document automation is quite simple to implement and isn’t onerous on the legal team, which is a common criticism of other solutions. For example, we set up our own mutual NDA with document automation in about 10 minutes, which was just fantastic,” he said. With a number of organisations already implementing Lawcadia’s document automation capability, Mr Walsh said he is excited at the level of interest by corporate and government legal departments which reflects a growing appetite for automation and transformation. Gadens Announces Breach Reporter Platform Powered by Lawcadia 2021-04-15T01:45:11Z gadens-announces-breach-reporter-platform-powered-by-lawcadia With 2021 set to bring about a tidal wave of regulatory reforms, Australian financial services institutions are fast running out of time to implement new mandatory reporting practices for potential regulatory breach issues – including fee miscalculations, deficient consumer advice or cyber-attacks – but the launch of a new ‘RegTech’ platform by national law firm Gadens is set to dramatically improve the regulatory reporting landscape for its users. Gadens Breach Manager – the first-of-its-kind, cloud-based RegTech platform which officially launched this month – streamlines the information collation, assessment and reporting process of potential regulatory issues to one online platform, allowing financial services institutions across the country to ensure defensible, timely and cost-effective compliance with the new and newly important regimes, including BEAR/FAR, ADI, AFSL and ACL obligations, AML/CTF, Privacy and Design & Distribution.    Gadens Breach Manager meets strict industry reporting requirements and ensures quality legal advice is obtained on whether a regulatory breach has occurred (and, if so, preparation of the regulatory report itself) and what to do next within sharp statutory timeframes, dramatically reducing the risk of legal ramifications for financial services organisations and their senior accountable employees. Powered by Australian legal technology company Lawcadia, Gadens Breach Manager uses an intelligent and secure platform engine – Lawcadia Intelligence™ – which was launched in October 2020 and is supported by an ISO 27001 certified information security management system. Gadens Director Liam Hennessy said the mandatory reporting of potential regulatory issues has become a key concern for financial services organisations which are already struggling to manage the volume of information, time and resourcing pressure, and legal complexity of these sensitive issues. "We designed the Gadens Breach Manager to allow our time-pressed clients to efficiently gather the right information in a protected environment, assess which of seven overlapping regimes the potential issue may fall under within statutory timeframes, and then get advice free-of-charge in-house or for a low fixed price externally. The client is in complete control from an audit perspective and may elect to customise the platform for their internal needs. Lawcadia founder and chief executive officer, Warwick Walsh, said that he is excited by how Gadens is using Lawcadia’s innovative platform to assist financial services organisations meet their mandatory reporting obligations. “Since we launched Lawcadia Intelligence, we have been really excited to see the different use cases that both in-house legal teams and law firms have come up with for our platform. I am incredibly impressed at what Gadens have done with the platform for their key focus area of financial services and assisting their clients with this new pain point”, he said. Mr Hennessy said, “Lawcadia are fantastic to work with, and we are thrilled to bring this important innovation to market so quickly”.   For more information on Gadens Breach Manager visit breachmanager.gadens.com. Brisbane technology company wins global “LegalTech Startup of the Year” award 2020-11-19T07:18:32Z brisbane-technology-company-wins-global-legaltech-startup-of-the-year-award Lawcadia, Australia’s leading provider of matter and spend management solutions for in-house legal teams and their law firms, has been named the winner of the LegalTech Start of the Year and Overall Legal Spend Management Solution Provider of the Year at the global LegalTech Breakthrough Awards. The awards were conducted by Tech Breakthrough, a leading market intelligence organisation that recognizes companies for their ground-breaking technologies and products in highly competitive, global technology sectors. Lawcadia has a unique platform for managing external legal spend and outside counsel relationships along with legal matter management and workflow automation. In October 2020, Lawcadia announced the launch of Lawcadia Intelligence™, a new intelligent platform engine that incorporates machine learning with business logic and no-code automation. Lawcadia co-founder and chief marketing officer Sacha Kirk said they are committed to progressing market leading innovation in areas that will improve their client’s operations and success. According to Ms Kirk the legal industry is experiencing a period of extraordinary change with new appetites for transformation, positioning legal technology systems as crucial pieces of infrastructure. “Winning these awards are validation that our innovative approach to solving problems using technology is making an impact,” she said. The mission of the LegalTech Breakthrough Awards is to honour excellence and recognize the innovation, hard work and success in a range of LegalTech categories. This year’s inaugural program attracted more than 1,250 nominations from over 14 countries around the globe. The full listing of award winners announced in all sectors can be viewed here. Legal startup entrepreneur recognised as one of the top Women in Law 2020-11-03T06:43:24Z legal-startup-entrepreneur-recognised-as-one-of-the-top-women-in-law The Women in Law Awards is regarded as one of the legal profession’s most prestigious accolades. The awards pinpoint professional development and innovation, showcasing the individuals and firms who are leading the way in the industry. Award recipients represent a true cross-section of the legal industry, recognising the contributions of the profession’s most senior ranks through to its rising stars. The finalist list, which will be announced on 4 November 2020, features over 260 high-achieving female legal professionals across 31 submission-based categories. “The Women in Law Awards is one of the most joyous events we host at Lawyers Weekly, celebrating those who have broken down the barriers to achieve success within their respective careers,” said Lawyers Weekly editor Emma Ryan. “This year has been one of the most challenging on record for legal professionals, so it’s great to have this opportunity to shine a spotlight on those who are going above and beyond to offer outstanding service and support for the benefit of their clients, firms, organisations and the Australian community at large.   “On behalf of the team, thank you so much for your continued efforts. We wish you all the best and look forward to celebrating your achievements on the night.” Sacha Kirk, Co-Founder & Chief Marketing Officer at Brisbane-based legal technology company Lawcadia, said that she was humbled to be recognised and proud to be named as a finalist in the Lawyers Weekly Women in Law Awards 2020. “This recognition highlights our commitment to innovation and transformation in the legal industry, along with our dedication to connecting with the community and engaging with clients,” she said. Legal technology company Lawcadia launches new intelligent engine 2020-10-14T01:12:02Z legal-technology-company-lawcadia-launches-new-intelligent-engine October 14, 2020 - Lawcadia, Australia’s leading provider of matter and spend management solutions for in-house legal teams and their law firms, has announced the launch of a new intelligent engine that will drive all aspects of its platform. Lawcadia Intelligence™ incorporates machine learning with business logic and no-code automation, providing a powerful engine for Lawcadia’s end-to-end operating system. Its new plugin architecture allows for rapid product development, giving customers, partners and Lawcadia’s own development team the ability to build new plugins quickly. Founder and CEO Warwick Walsh said the new engine was designed to help cater to the individual needs of every in-house legal team and law firm, from functionality and processes to integration with existing systems. “Efficiency and control is a key focus for in-house legal teams, whilst law firms are seeking solutions that embed client relationships and add tangible value to their service offering,” he said. “Technology is crucial to success in these areas, however many ideas and initiatives fall over because there is too much cost and complexity in customisations and getting different systems working together or alongside each other.” Mr Walsh said the new platform enabled Lawcadia to meet these different requirements without the large implementation costs, but while retaining security. “Lawcadia Intelligence™ has been in development for 12 months,” he said. “We are incredibly proud of our team and are excited to see where our clients can take our platform and what problems they can now solve using our technology.” Lawcadia’s initial platform release focuses on logic-based procurement, workflow and task automation to assist in-house legal teams to get even greater control over spend and internal processes. Law firms will also be able to streamline and customise its client intake, helping to elevate and embed key relationships. For more information about Lawcadia Intelligence™ visit www.lawcadia.com.   About Lawcadia Lawcadia is a legal technology company with a cloud-based platform that in-house legal teams and their law firms use to manage intake, matters, engagements, RFPs, and spend. It enables users to be more efficient, control processes and spend, and have visibility across the legal function. An award-winning, easy to implement, intuitive and affordable end-to-end legal operations platform, Lawcadia incorporates no-code workflow automation and logic-based processes with a collaborative and secure interface. Clients include corporate and government legal teams and over 150 law firms. Lawcadia is headquartered in Brisbane, Australia with clients in Asia-Pacific, UK and the US. More information is available at Lawcadia.com