Legal Business Glossary

The amount charged for each hour of services.

Integrations, specifically application integrations, allow you to connect your tech stack with other platforms through native, custom, and API integrations. For legal departments, having a legal operations platform that can easily integrate with 3rd party applications in different departments helps improve data exchange reliability and accuracy, automate workflows, and increase efficiency.

Refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. IP is protected in law by patents, copyright, and trademarks, which enable people to earn recognition or financial benefit from what they invent or create.

A list of legal services provided by a law firm, including a statement showing the sum due for these services.

Used to record a law firm’s business transactions onto its books.

The process of creating, sharing, using, and managing the information and assets of an organization to facilitate the flow of knowledge to and between the right people at the right time.

An automatic deadlining and calendar solution for law firms.

Someone authorized to practice law, also called attorney-at-law.

A file format with specifications that support hourly billing, flat fee billing, expenses, multiple currencies, and tax to ensure standardization during the exchange of billing and other information between corporations and law firms.

Oversees various legal ops team members’ day to day activities and ongoing projects, such as taking care of outside counsel and vendors, overseeing budgets, and fulfilling staffing needs.

A solution that centralizes all legal matters, vendors and spend, and connects the relevant data and applications of a legal department to ultimately transform how a corporate legal team operates and is managed.

Technology and software that enables legal teams to move faster and more efficiently, while reducing costs.

All marketing methods intended to generate requests by targeting a population using specific messaging.

A subject of consideration, disagreement, or litigation such as a legal case, dispute, or issue; often used in titles of legal proceedings.

Procedures within the legal department regarding how matters (projects) and related data (matter types, location, parties, documents, events, etc.) are gathered, tracked, and used for decision-making throughout the matter lifecycle.

A software application designed to be operated on a mobile device such as a smartphone.

A premium document management system for law firms.

A Microsoft suite of products such as Word, Excel, PowerPoint, Outlook, etc.

Allows a user to conduct financial transactions via the Internet.

A system that allows attorneys to manage all documents and progress of a case they are working on. These tools come in handy when a case is large in scale, document-heavy, and involves multiple teams of attorneys. Online case management systems focus on the progress of specific cases while matter management platforms take a holistic view of all legal activity, not just case progress.