Legal innovation: Building the business case for transaction management tools

Legal Innovation, Legal Transformation and Legal Technology professionals bridge the gap between “we should improve efficiency” and “here’s the budget approval to do it.”

The challenge isn’t proving that better tools would help—everyone knows manual processes are inefficient. The challenge is translating that intuition into dollars that justify budget allocation.

Building the case requires organizing value into six measurable categories:

  1. Direct time savings—Quantifiable reduction in administrative work using existing time recording data
  2. Profitability boost—Cost savings that increase profit margins on fixed-fee and AFA work
  3. Risk reduction—Quantifiable decrease in errors, missed deadlines and version control incidents
  4. Client wallet share growth—Better service delivery leads to more work from existing clients
  5. Alternative Fee Arrangements—Predictability that enables competitive fixed-fee pricing
  6. Scalability and capacity—Handle more deals without proportional headcount growth

The data already exists. Your firm’s time recording system contains 6-12 months of detailed activity data showing exactly how work gets done today. Email communications reveal coordination burden patterns. Historical deal data shows risk incidents and capacity bottlenecks.

Download our complete business case framework for step-by-step guidance on mining this data, quantifying value across all six categories, structuring pilot programs with clear governance, and building executive buy-in.

Download the business case framework

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If you use Word to manage your transactions, you can use Legatics. Using Legatics is that simple.
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