Mitratech Releases the New Lawtrac as the Premier Matter Management, Spend Management, and Reporting Solution for Small and Mid-Sized Legal Departments
Lawtrac 4.0 features the clean, modern, user-centric interface that today’s legal professionals expect – driving greater adoption and benefits for legal teams.
AUSTIN, Texas, February 2, 2015 – After 30 years as a pioneer in legal matter management software, Mitratech’s Lawtrac product has been completely transformed with the release of Lawtrac 4.0. Mitratech, the leading provider of enterprise legal management solutions, acquired the Lawtrac product in early 2014 with the goal of making it the premier matter management and e-Billing solution for small and mid-sized legal departments. Through Mitratech’s significant increase in research and development investment, today’s release at LegalTech® positions Lawtrac as that premier solution.
While Lawtrac has long been recognized for its comprehensive matter management, contracts management, and e-Billing functionality, the new Lawtrac offers a complete re-design of its user interface and experience, along with expanded functionality and configurability. The clean design, streamlined navigation, and data entry enhancements make it intuitive and simple for legal staff to adopt – allowing Lawtrac clients to optimize the value of their investment in legal technology.
“We’re very impressed with the clean easy-to-use interface,” noted HMSHost Vice President and Associate General Counsel Nina R. Eldred. “It’s going to make our continued roll-out to the field all the easier.”
“Our acquisition of Lawtrac in 2014 was a critical step in being able to deliver on Mitratech’s mission of offering technology solutions that enable legal departments of all sizes to be the best-run function in their organization,” said Mitratech CEO Jason Parkman. “The new Lawtrac takes the delivery of that mission one step further, and we’re incredibly proud of the positive accolades that it has earned from both our clients and the broader market.”
Based on an early preview of the Lawtrac 4.0 release, Hyperion Research recognized Lawtrac as an Advanced Solution Provider for the first time in its long history in its 2014 ELM MarketView Report. Designating Lawtrac as the Market Leader for service to the mid-market, the report found that “[Lawtrac’s] vast out-of-the-box functionality allows mid-sized law departments to deploy Lawtrac quickly, while configurability allows those departments to mature and develop their own processes at their own pace.”
Specific enhancements and benefits in the new Lawtrac release include:
- Complete Re-design of the UI and Simplified Navigation: The modernized interface and easy navigation allows legal staff to utilize Lawtrac’s capabilities at a far more rapid pace.
- Comprehensive Search Enhancements: A full redesign of Lawtrac’s search capabilities, including Quick Find and Super Search, enables attorneys to better manage their portfolio of matters.
- Data Entry Enhancements: Data entry enhancements include a redesigned matter entry wizard, the ability to run duplication checks, save data upon entry, and hide unrequired fields.
- Enhanced Workflow Configurability: Increased configurability of the fields required to support specific legal workflows improves the efficiency of whole legal department.
- New Offers and Demands Module: Brand new features to track offers and demands to and from parties and entities to settle a matter, provide additional structure for attorney negotiations, and assist the legal team to provide accurate visibility into potential spend.
“EDC’s Office of Legal Affairs conducted a thorough market survey of legal matter management software products in 2013 and selected Lawtrac based on its customer service and sophisticated database,” said Education Development Center paralegal Christopher Carmody. “As a mission-driven non-profit organization devoted to improving lives through its program work, it was critical to find a matter management software to enhance the Office’s delivery of legal services. Each of EDC’s programmatic divisions – health and human development, learning and teaching, and international development – have benefited from Lawtrac’s direct impact on the Office’s delivery of legal services. We are looking forward to upgrading to Lawtrac 4.0 because of the improvements to the user interface which simplify and clarify the latent functionality of the database. Lawtrac has helped make our legal department even more efficient and effective.”
Demonstrations of the new Lawtrac will be available at LegalTech® February 3-5, 2015; Mitratech can be found on Level 2 at booth #2119.
With almost 30 years of experience as the authority in enterprise legal management solutions, including matter management, spend management, e-Billing, contracts management, compliance management, and legal hold, Mitratech’s products are used by more than 25% of the Fortune 500, 100% of the Am Law 200, and over 65,000 users in over 140 countries. To learn more, visit mitratech.com
Mitratech is the leading provider of fully integrated enterprise legal management solutions for global legal departments of all sizes, including more than 25% of the Fortune 500 and more than 230 organizations. Mitratech’s offerings are used by over 65,000 users and 8,500 vendors (including 100% of the Am Law 200) in over 140 countries. These solutions include the TeamConnect and Lawtrac product platforms, both of which offer end-to-end matter management, spend management, e-Billing, legal hold, contracts management, and compliance solutions. Mitratech clients are able to prove demonstrable value creation for their organization by automating legal workflows, improving business outcomes through actionable data and insight, increasing collaboration with external partners, and reducing overall legal spend. To learn more, visit mitratech.com