Gartner published its inaugural Enterprise Legal Management ("ELM") Quadrant on the 23rd of October.
It is notable and welcomed as a recognition of ELM as area worth of analysis from Gartner. The analysis is sound and for as an initial analysis it does cover the key players and disciplines within ELM.
ELM has been positioned by Gartner as a subset of the Governance Risk & Compliance world which does make sense considering that the main purpose of Legal is to support an organisation business activity while limiting its risks in doing so. It is however deplorable in 2 ways. First, the GRC arena in itself is already a multi-layered one with some confusion between the various categories of GRC. Second, Legal and Compliance are increasingly see and treated as two distinct groups within organisations.
Overall we warmly welcome this new addition to the in-house Legal technology landscape which brings some guidance and clarity to the market.
A copy of the report can be purchased here.
It is also available to download from various vendors websites.
As reported by Law Technology News on the 12th of November, Gartner will now be following the "ELM" space more closely.
We view this as a recognition of the growing importance of In-House Legal technology.
Until recently, only technologies geared at the Legal Market in general (i.e. Law Firms) were being tracked by the larger Research houses.
This move by Gartner is welcome by all involved in the In-house Legal Technology space. This gives a timely boost to this thriving segment of the Legal Technology market and will help formalise and shape this market.
ELM is the acronym for "Enterprise Legal Management", it encapsulates technologies leveraged by Legal Departments that do already fall within another category (such as GRC - Governance, Risk & Compliance or KM - Knowledge Management).
ELM spans all technologies used to carry out the "business of Law", the 3 main pillars being:
- Document Management,
- Matter Management
- Spend Management (which includes Legal E-billing, Bill review, Outside Counsel management).
Please check the Gartner website:
The inaugural Legal Industry Video Awards 2014 are now open for video submissions from law firms, legal service providers, in-house legal and the legal industry. The Awards have eight categories: legal marketing, informational, training, events, media and eDiscovery (with separate categories for law firms and vendors) and will culminate in a virtual film festival and an Awards ceremony.
The Awards are open to anyone in the legal industry and do not have to be IT related. International entries are accepted.
Submissions are judged on creativity, technical quality and matching stated objectives. Trophies and certificates will be awarded to finalists and overall winners in September 2014. Videos accepted up until start of judging June 30th 2014.
The originator of the Awards, Charles Christian of Legal IT Insider, commented: “The legal industry is increasingly investing in creating videos that inform, educate and better market their services and products. We want to recognise and reward this effort and showcase the best of the best.”
The Insider will host all the videos on this website with coverage and updates via the widely-read Insider newsletter, other media partners and social media, including LinkedIn and Twitter hashtag #legalvids
For full details visit http://www.legaltechnology.com/category/video-awards-2014/
Lex Connect is the only platform in the world that lists all leading vendors supporting in-house Law Departments. Our Solution Finder allows law departments to identify suitable vendors based on their challenges as well as size and location.
But we wanted to do more...so we are now exploring adding "Social Media" analysis to Lex Connect to provide an overview of depth and type of conversation around specific topics pertinent to the industry as well as specific vendors.
So, exclusively from Lex Connect, we are proud to present the 1st : **Beta** Social Media Impact Report for Enterprise Legal Management.