Authorized Newswire | RubyLaw Identifies Gaps in Authorized Advertising Tech Stacks that Proceed to Restrict Regulation Agency Progress

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RubyLaw Identifies Gaps in Authorized Advertising Tech Stacks that Proceed to Restrict Regulation Agency Progress

Sep 16, 2022 8:00 AM ET

Authorized Newswire POWERED BY LAW.COM

New York, New York, September, 16, 2022, RubyLaw, the corporate behind the eponymous main Content material Lifecycle Administration (CLM) platform, from the 2022 RubyLaw Authorized Advertising Know-how Research.

The target of RubyLaw’s pioneering analysis is to offer authorized entrepreneurs a consultant, present, holistic, and goal viewpoint on the prevailing programs and instruments utilized by regulation corporations of all sizes. RubyLaw is most within the authorized advertising know-how ecosystem because the RubyLaw CLM platform serves as a content material hub for corporations that then leverage that content material by way of integrations with different programs within the authorized advertising know-how stack. Commensurate with the significance of the research, RubyLaw has partnered with the Authorized Advertising Affiliation (LMA), to broaden the attain and visibility of the analysis.

The result’s a groundbreaking paper with insights that could be summarized as follows:

  • Compared to the 2021 research, giant gaps in advertising know-how adoption stay throughout the Authorized sector
  • Companies that underinvest in platforms are costing themselves time, and losing as a lot as $100,000/12 months
  • The failure to help key programs with ancillary instruments is damaging regulation agency manufacturers and reputations, resulting in missed enterprise alternatives

To help its assertions, RubyLaw’s research is backed by knowledge equipped by LMA members and authorized entrepreneurs at-large from corporations starting from $0-100 million, $100-500 million, and $500 million-plus in income, collected by way of a 33-question survey disseminated within the spring of 2022. Findings revealed that:

  • Under the $500 million income phase, upwards of 40% of corporations are usually not utilizing advertising automation, with 70% of corporations under the $100 million income threshold not utilizing it
  • Upwards of 70% of corporations under the $500 million income phase are usually not utilizing Proposal & Automation software program
  • 40% of mid-size regulation corporations ($100-500 million in income) are usually not utilizing Expertise Administration software program, with greater than 80% of small corporations ($0-100 million) not utilizing it

Preliminary findings led to the publication of the, adopted by a July insights webinar, throughout which the RubyLaw crew walked by way of the survey outcomes. A follow-on insights webinar, is deliberate for September 30, 2022.

Authorized entrepreneurs enthusiastic about translating insights from this 12 months’s research into enterprise instances for funding, or in optimizing their respective tech stacks by leveraging the RubyLaw Content material Lifecycle Administration (CLM) platform—together with to energy net content material, to automate proposal and pitch paperwork, and to handle issues and agency expertise—can join with a RubyLaw consultant right here.

An excerpt of RubyLaw’s analysis could also be discovered within the LMA’s Methods & Voices publication, whereas the complete report could also be accessed right here.

“We’re thrilled to launch this 12 months’s analysis paper, highlighting gaps in authorized advertising know-how, but in addition alternatives for entrepreneurs to speed up progress and enhance outcomes for his or her regulation corporations,” mentioned Jaron Rubenstein, President and Founding father of RubyLaw. “The info is evident: Companies are usually not realizing their advertising potential as a result of they’re failing to take a position holistically in platforms and complementary instruments, leaving the sector lagging behind others.”

About RubyLaw:

RubyLaw is a Content material Lifecycle Administration (CLM) platform that powers web sites, manages expertise knowledge, curates and automates advertising paperwork in native codecs, and ensures the integrity of digital content material for regulation corporations in any respect ranges of technological maturity.

The corporate is reinventing how regulation corporations have interaction with purchasers and prospects by offering a extra customized, data-driven, related, and holistic content material expertise. This is the reason extra corporations are switching to RubyLaw than ever earlier than, with smaller, growth-minded corporations choosing RubyLaw’s leaner, cost-effective, all-inclusive advertising know-how resolution, RubyLaw Specific.

For full data on RubyLaw and the authorized advertising know-how ecosystem research, please go to: www.rubylaw.com.

Media Contact:

RubyLaw

Attn: Alexander Kotler

New York, NY

(212) 518-6400 x230

[email protected] 



Tags: English, Google Information, Monetary Content material, Prolonged Distribution, PR-Wirein, IPS, CE, Reportedtimes, Go Media, iCN Inner Distribution, Authorized Newswire.

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