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The Digital Associate of Law Firms and the Benefits for In-house Counsel

July 2011
ManagementIT

Abstract

The legal services market is at the verge of some momentous changes, with pressure from clients (especially the stronger in-house counsel) and new technological surroundings and demands for efficient use of IT. Technological developments resembling the computer Watson who could win the TV show “Jeopardy” based on a new kind of intelligent capabilities to understand complex information, will provide new groundbreaking opportunities to make efficient use of computers also in legal work. In this article you will find out how law firms can explore these new possibilities by the use of sophisticated IT tools and how they need to analyze and understand their core business in order to decide what parts of it that could be outsourced, standardized or even automated by the use of IT.

Authors

Portrait image of Helena Hallgarn
Helena Hallgarn
Partner and Co-Founder, Virtual Intelligence VQ AB, Sweden

Helena Hallgarn is partner and co-founder of Virtual Intelligence VQ AB. With over 12 years experience in knowledge management (in the law firms Mannheimer Swartling, Vinge and Gernandt & Danielsson) and in total over 16 years experience from legal practice, Helena Hallgarn is one of the most experienced knowledge management professionals in Scandinavia. She is also one of the pioneers in legal tech in Scandinavia after founding Virtual Intelligence VQ 2010 together with her colleague Ann Björk. At Virtual Intelligence VQ they have been able to combine their legal knowledge with their IT skills to develop innovative IT tools for the legal sector. Their most well-established tool VQ Legal has for example truly changed the way company registration matters are being managed.

Portrait image of Ann Björk
Ann Björk
Consultant, Virtual Intelligence VQ AB, Sweden

Ann Björk holds a LL M in Business Law (Sw. jur kand). After doing service at Swedish courts, Ann practiced law for over three years as an associate at Vinge, focusing mainly on mergers and acquisitions and corporate law. In 2003, Ann joined Vinge's newly

Companies

Virtual Intelligence VQ AB logo

Virtual Intelligence VQ AB

Virtual Intelligence VQ is an innovative entrepreneurial company focusing on digitalisation of the legal sector, founded 2010. Since then, VQ has developed several innovative legal solutions such as inter alia VQ Legal, a new intelligent legal solution with readymade standard documents focusing on business law. This “Digital Associate” is now a well-established solution within the legal sector and is used by eight of the ten largest law firms, as well as by legal counsels and auditing firms. Lately, VQ has also initiated a new legal Artificial Intelligence project, TrueAgreement, to analyse agreements. Each year, VQ also arranges the largest legal strategy event in Scandinavia, VQ Forum. This conference brings together internationally renowned speakers and champions of change to discuss the future of the legal market from both an in-house counsel and law firm perspective. In 2017 VQ won the Swedish Legal Innovation Award for its pioneering impact on the legal market. VQ’s blog was also the international award winner in the Clawbies Award in 2014 for being a must-read source for European lawyers seeking to ahead of legal market trends.

Virtual Intelligence VQ AB logo

Virtual Intelligence VQ AB

Virtual Intelligence VQ (VQ) is a consultancy firm that operates within a new and unique niche, where the practice of law is combined with strong IT and knowledge management skills. VQ acts as strategic advisers to support knowledge driven businesses to g

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