Mitratech has been recognized by CIOReview Magazine as the recipient of “Top 20 Legal Technology Solution Companies - 2019,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Jason Parkman, CEO.

Mitratech
Providing Visibility, Predictability and Control

Jason Parkman, CEO

A decade ago, legal departments primarily fed work to outside counsel. Today, the emphasis is on achieving those results in a cost-effective way, forcing legal departments to be judicious in outsourcing work while handling the right work efficiently in-house. In this pursuit of expanding their responsibilities while ensuring that the right work is allocated to the right resources at the right time, legal departments are employing technology to maintain high-quality work and manage a portfolio of resources that includes in-house, outside counsel, and an array of alternative service providers. The frontrunner enabling this shift in approach is Mitratech, a proven technology partner with a hands-on approach to transforming the legal department through its end-to-end legal management software suite.

“Technology is a force multiplier to bringing visibility, predictability, and control to an organization’s legal and compliance work. We empower legal teams with the right technology to manage all their matters with the same level of confidence in control, no matter what type of staffing model the client has chosen to use,” says Jason Parkman, Mitratech CEO.

Mitratech sets the standard for enterprise legal management with its TeamConnect platform, which enables legal professionals to assign work, communicate with outside counsel, solicit bids and develop budgets, as well as improve management of the entire legal process, whether related to litigation, advice, or contracts. TeamConnect also facilitates invoice management and automatic enforcement of billing guidelines that has been proven to regularly save clients 6 to 10 percent on total legal spend. Enterprises can go paperless in their legal departments by managing all the matters, documents, and electronic signatures within the TeamConnect platform.

As the success of the legal department is increasingly determined by its ability to be a strategic partner to the rest of the organization, Mitratech’s TAP workflow automation software allows legal to efficiently work with departments across the organization.

“Initiating a new matter request is as easy as filling a form on the company’s intranet,” says Parkman, “Matters are automatically queued to be reviewed by legal, and initiating colleagues are kept up to date on matter status automatically.” TAP integrates with TeamConnect, creating a single system for managing legal matters and collaboration across the enterprise.

We innovate to stay ahead of the change our customers are experiencing and are committed to transforming the legal industr y as roles expand and demands increase to do more with less

Parkman mentioned a major insurance carrier that was looking for a comprehensive, in-house solution that would gain efficiency, drive down spending on outside law firms, and create a paperless legal department. TeamConnect addressed the entire problem set, allowing the client to bring down total spend, save millions of dollars, go paperless, and automate legal processes in-house.

Mitratech delivers its solutions in the U.S., Europe and APAC. “We want to meet our customers where they are on the globe,” says Parkman. “Our customers increasingly need their provider to understand the complexities of an international business environment, including multi-lingual, multi-tax, and multi-currency needs.”

After 30 years, the Mitratech team continues to move its technology forward, with a focus on user experience, real-time business intelligence, and seamless integration with other systems of record for their clients. Parkman concludes by saying, “The expectation today is that a legal management platform should provide a comprehensive view of a client’s work, and that users shouldn’t need a lot of training to get their work done. That’s why we are focused on creating a simple and intuitive user experience that brings everything together in a single place for our clients.”

Mitratech

Mitratech Announces Addition to Its TAP Workflow Automation to Expedite Legal Operations

Wednesday, May 15, 2019

Legal departments today manage the work efficiently in-house than feeding work to some outside counsel like in the past. However, a proven technology partner like Mitratech can only help legal firms in pursuing the vision of enabling this shift and expanding their responsibilities. In the recent development, Mitratech, the pioneering provider of legal, compliance, and operational risk software solutions, has announced at CLOC 2019 the new capabilities and benefits for its fast-growing community of customers using TAP Workflow Automation to automate and innovate legal processes.

Agiloft TeamConnects with Mitratech

Wednesday, May 24, 2023

Agiloft announced a new partnership with Mitratech at the Corporate Legal Operations Consortium (CLOC)’s flagship event in Las Vegas. The companies will initially deliver integration between Agiloft CLM and Mitratech’s TeamConnect, its Enterprise Legal Management (ELM) solution.

The connection will improve the efficiency of legal operations and in-house legal users with automated workflows and data transfers between the solutions. The press release is light on the details about the connector. However, for legal teams operating both solutions already, it should eliminate duplication of manual entry between them. It enables a best-in-class hybrid software architecture with a seamless connection between the two solutions. It will also be easier to identify overall legal performance, including internal and external legal spending, open contracts, open matters, and risk levels.

Combined, the two solutions will provide a greater proportion of a legal team’s needs, with Team Connect providing; matter management, e-billing, legal spend management, document management, reporting and analytics, and processing automation. Agiloft CLM provides agile artificial intelligence-based contract management software.

Eric Laughlin, Agiloft CEO, commented, “We could not be more excited to partner with Mitratech and continue our mission of building the most integrated enterprise CLM on the market. The most powerful CLM systems connect with cross-functional business systems that drive strategic processes and let data flow seamlessly across an organization.

“It is only by establishing these interconnected systems that stakeholders can tap into the insights they need to run more productive teams, respond to change with agility, and outmanoeuvre the competition. Contract data drives business relationships, so integrating Agiloft’s CLM platform with the best-in-breed ELM capabilities of Mitratech means legal teams have access to the data they need to make more informed decisions about strategic business matters.”

Mitratech Unveils PlatoBI: Holistic Analytics Platform in Partnership with Snowflake and AWS

Monday, October 09, 2023

AUSTIN, Texas, -- Mitratech, a leading global provider of legal, compliance, and HR software, today announces the launch of PlatoBI, Powered by Snowflake. PlatoBI is a unified analytics repository designed to enable inter- and cross-product analysis across the company’s solutions portfolio. Partners involved in the project include Snowflake, the Data Cloud company, and advanced business intelligence platform, QuickSight by Amazon Web Services.

“We are committed to empowering our customers to seamlessly navigate and leverage the full spectrum of analytics and intel that is captured through product use," said Mitratech CEO, Mike Williams. “We have the unique opportunity to develop new avenues for cross-product and cross-departmental analytics, and do so in a way that is entirely user-centric and intuitive. Extracting and coalescing insights across a portfolio of our size spanning legal, risk & compliance, and human resources will unlock tremendous value for our customers and elevate their decision-making capabilities.”

The first application of PlatoBI will be released in Mitratech’s Managed Bill Review solution, enabling clients to independently access insights through a new Analytics Portal and a variety of dynamic dashboards. Meanwhile, future iterations of the platform will continue leveraging the latest in AI advancements, considering ChatGPT-like features to make querying data conversational and on-demand.

“We look forward to supporting PlatoBI, Powered by Snowflake, to democratize data and securely offer a full spectrum of analytics unique to every user,” said Tarik Dwiek, Head of Technology Alliances at Snowflake.

“We consider this level of ‘BI’ to really stand for ‘business innovation.’ Delivering analytics that cut across numerous product lines and verticals at Mitratech is a valuable first step,” said Williams. “Then making it easily accessible and flexible through partnerships and AI technology development really takes it to that next level. The future is having a rapidly-responsive central repository for multi-product analyses. PlatoBI will serve as that single source of organizational truth for better collaboration, enhanced visibility, and superior business outcomes.”

Top 20 Legal Technology Solution Companies - 2019

Company
Mitratech

Management
Jason Parkman, CEO

Description
Offers an enterprise-level legal management platform and workflow automation tool that brings visibility, predictability, cost-effectiveness, and efficiency across legal operations

Mitratech Providing Visibility, Predictability and Control