Australian legal start-up LawAdvisor has announced the launch of its new service to help in-house lawyers manage their legal procurement.
LawAdvisor is a platform developed to provide clients with online access to lawyers and legal information. It also allows clients to compare lawyers based on their expertise and fees, which it says on its website is a way of putting the consumer in control.
The company announced on Friday that it has extended its offering to corporate counsel with LawAdvisor Corporate. The new service provides tools for in-house lawyers to manage their engagement with external legal services providers, tracking expenditure and project milestones to ensure that work is transparent.
The platform also measures the performance of law firms and ranks them to help in-house counsel select the best firms for future engagements.
“The role of in-house legal teams within an organisation has broadened from beyond general adviser and towards being business enablers and strategic partners,” said LawAdvisor founder and CEO Brennan Ong.
“With this transition has come a need for new, innovative technology to manage the ecosystem of changing processes and work practices.”
LawAdvisor also announced investment from legal consultancy Janders Dean, as well as its expansion into the UK market. Janders Dean founder Justin North said in-house lawyers, who are often at the forefront of innovation in the profession, need the right technological backing.
“In-house counsel are growing up faster than their private practice siblings in many cases, and the arc of maturity requires the support of new tools, techniques and technology,” Mr North said.
“There is strong demand from in-house legal teams to approach problems in an inventive and experimental manner, and LawAdvisor has proven to be the necessary enabler.”
LawAdvisor Corporate will be accepting new clients from July 2017.