Mitratech Accepts 3rd Consecutive “Overall LegalTech Company of the Year” Recognition by LegalTech Breakthrough

From strategic acquisitions to AI-driven product feature enhancements, Mitratech centers around delivering a superior customer experience. For corporate legal and claims clients, this has included multiple integrations and roadmap releases in 2023, including:

• An integration between Microsoft Teams and Mitratech’s workflow automation solution, TAP, which allows customers to elevate efficiency by eliminating the need to jump between email, TAP, and third-party platforms to initiate, check the status of, or take action on in-progress workflows.
• The release of TeamConnect 7.0, Mitratech’s flagship matter management and spend management technology, which now includes a machine learning bill review component, InvoiceIQ, within all deployments to save corporate legal teams time on reviewing line items with 98% data accuracy. The release also allows customers to integrate Managed Bill Review (MBR) with advanced spend analytics to leverage the industry’s most comprehensive suite of spend management capabilities.
• A new LegalHold module, deeply embedded in TeamConnect and offering new analytics dashboards along with a direct integration into MS Office 365.
• AdvanceLaw Digital, a self-service, data-driven marketplace purpose-built for outside counsel and powered by AdvanceLaw’s 10+ years of law firm performance data, detailed DEI and ESG characteristics, and more.
• PlatoBI, Mitratech’s most recent product unveiling, which is a business intelligence solution designed to enable inter- and cross-product analysis across Mitratech’s entire solutions portfolio and support a unified analytics repository.

To further meet the needs of corporate legal customers, Mitratech also partnered with Agiloft in 2023 to unlock a seamless exchange of data from related contracts, documents, iterations to legal invoices, litigation, intellectual property, tasks, and more. Mitratech customers can now streamline their contract workflows for cross-functional collaboration that integrates seamlessly with their current ELM solution offering.

As economic realities continue to push today’s legal teams to hit business targets amid tightening budgets and staffing challenges, the phrase “do more with less,” is used ad nauseam. But is the goal to actually do more work, or is it to achieve more with the strategic investment of time and resources?

Mitratech believes it’s the latter – a vision that has allowed us to stay one step ahead of our legal client’s evolving needs with innovative, agile solutions. Consider the following statistics:

• According to Gartner, 40% of legal departments will have implemented workflow technology by 2026
• 50% of Reuters surveyees identified conducting more efficient operations as a top priority in 2023.
• 26% of HBR surveyees used AI for at least one use case (up from 15% last year).

The future of legal is more streamlined, data-driven, and cross-collaborative – and Mitratech is the trusted partner in providing cloud-based, easy-to-use solutions for automating the complexity that exists in corporate legal and driving compliance.

“We’re thrilled to build off of last year’s momentum and accept the title of ‘Overall LegalTech Company’ for the third year in a row,” said Mike Williams, CEO at Mitratech. “This continued recognition by LegalTech Breakthrough reflects the trust and partnership we’ve built with our customers, the dedication of our internal teams to continue innovating, and the longevity we’ve established within the Mitratech ecosystem. We’re here for the long run — and we have big things planned for 2024.”

Part of Tech Breakthrough, the LegalTech Breakthrough Awards program provides a forum for public recognition around the achievements of LegalTech companies and solutions in categories including Case Management, Client Relations, Data and Analytics, Documentation, Legal Education, Practice Management, eDiscovery and more.
The mission of the annual LegalTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions and products in the legal technology industry today. This year’s program attracted more than 1,500 nominations from over 12 different countries throughout the world.

For more information visit LegalTechBreakthrough.com.

To read the full announcement, please visit: Mitratech Awarded ‘Overall LegalTech Company of the Year’