NewLaw firm reveals app dedicated to in-house teams
A NewLaw firm has announced it is enabling in-house teams to use big data through the release of a new app.
NewLaw firm, lexvoco, has unveiled its new app MyDay, which has been designed to capture and provide visual and interactive reports that help in-house legal teams understand how they can improve and make data-driven decisions, according to a statement.
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Commenting on the release of the new app, Jason Ryan, principal and head of analysis and improvement for lexvoco, said: “If you can’t measure it, you can’t improve it”.
“Best practice companies measure their performance daily. Until [recently] most teams have wrangled with spreadsheets to achieve the reports, but now MyDay makes it easier to capture the data and generate interactive reports, giving you more insights into your data.
“So many times we start advising our clients on improvement initiatives but they have little idea, with quantitative data, where they are now. This can make for awkward conversations with CEOs, CFOs and business people.”
Mr Ryan noted that MyDay users are able to capture any data relevant to their performance. He explained that their data is automatically captured and presented in interactive charts, designed to provide in-depth insight on information that matters to them.
Claire Vines, principal and head of technology for lexvoco, said the aim of the app is to help organisations achieve better outcomes from legal services through top legal talent and innovation.
“Whether general counsel need to show the business their outcomes are great or they need to ask for more resources, now, with MyDay, lexvoco can help general counsel with the data and reports they need to back up their business case,” she said.
“Legal teams globally have the same challenges with data analytics and decision making – this is why we now have organisations from Switzerland, the US, Chile and, of course, New Zealand and Australia using MyDay."