Hi there 👋,
Welcome to the October edition of The InsideVu! We’re here to give you eerie-sistible 🎃 👻 updates on new features that speed up contract turnaround times and let you ditch data entry and move faster with LawVu. Plus, don’t miss out on our feature launch webinar to see the new features in action and learn how to use them to improve efficiency!
PS: If you want a digest of previous versions of The InsideVu, they are available here in the Help Center. If you have any questions, we’re available in the chat 24/7.
The LawVu Team
Join our webinar to learn how to take advantage of new capabilities that help you increase efficiency, save valuable time, and deliver better business outcomes!
In the webinar, we’ll show you:
how to leverage AI in the workspace to speed up turnaround times and ditch data entry;
ways to get the most out of your reporting;
exciting enhancements coming to your email experience in LawVu;
We can't wait to see you there! Click the links below to register.
Speed up contract turnaround times with enhanced AI-powered contract data extraction
When you reduce manual work in processing contracts, you and your team can get valuable time back to do more high-value work and remove bottlenecks that can slow the business down. AI contract data extraction automatically analyzes your contracts and extracts key clauses and provisions so you can quickly find the information you need to move and take action on contracts faster. This helps you speed up your contract turnaround times and accelerate business outcomes.
Thanks to customer feedback, you can now use AI to extract critical data from your contract at any stage of its lifecycle. And here’s why it’s awesome. Now you can:
Use AI to extract key clauses from your contracts at any time quickly
Customize AI to extract different clauses based on contract types
Jump straight to key clauses to find key information faster
Extract from multiple contracts in parallel so you can handle larger volumes of contracts
Extract up to 20 clauses per contract type for a richer contract repository
Watch this video to see it in action:
Important! You need the below permission enabled in your profile to start using the new functionality. Get in touch with your org admin to get AI enabled for you. If you have any questions or require help in using or configuring the feature, don't hesitate to contact our support team via chat or reach out to your Customer Success Manager.
Get more time back with AI-powered invoices and new spend management reporting dashboards!
💸 AI-powered invoices
Ready to ditch data entry, save precious minutes on every invoice, and reduce the time it takes to get the invoice and spend data you need in LawVu? AI-powered invoices is now automatically applied to every .pdf invoice uploaded in LawVu. The feature works by extracting and auto-populating values from 9 key data fields.
See AI Powered Invoice in action below and learn all about it in this help article.
This feature is free to customers using LawVu spend management — so you'll automatically get a higher ROI and even more value from your investment in LawVu. And you don’t need to do anything to enable or configure it.
📊 New spend management reporting
New spend management reporting and dashboards are now also live, with a few updates based on customer feedback from the early access program. Now it’s even easier to report on your total legal spend, identify opportunities to control costs, have better conversations with your LSPs, and stay on top of your budgets.
You can learn all about the new reports in this video and article.
Not using LawVu spend management yet? Get in touch with your CSM for more information.
Save your whole email thread, fast
Your Outlook integration just got smarter. Now you can save and track the entire thread of your email conversation in LawVu so you and your team can have total context and visibility. To track the full history of your email conversation, simply tick the 'Save all emails in this conversations' box shown on the Outlook add-in.
The email selected will be saved along with all other emails in the thread. Each email in the thread will appear as an individual record on the email file. Unchecking this option will only upload the currently selected email from your inbox.
Save versions of Word documents into LawVu faster
Now you can save versions of Word documents into LawVu with less effort. New enhancements give two options when saving your file:
Save your Word document as the latest version to the same location
Rename your file or choose to save it to a different location
Copy a file from one matter or contract to another
If you need to copy a file from a matter, a contract, or from the knowledge base, you can easily do so. When inside the Files tab of the matter or contract you want to file into, click on attach files. You can then use the file picker to find the file from an existing matter, contract, or knowledge base.
Note: you need to have full matter access to use this functionality.
Enhanced email experience
We know that our customers spend a lot of time in their inbox, and finding the information they need can sometimes feel like finding a needle in a haystack…but when that information is in LawVu, you can find, search, and re-use it from LawVu, your single source of truth.
We’re making improvements to the way you view and work with emails and their attachments in LawVu, so it will be easier than ever to find and work with the information you have at hand.
Important update on your reports
Due to the release of our new and improved Insights Standard reporting, we will be decommissioning the old reporting on December 18th, 2023.
The old reporting that’s being removed is contained within the red boxes in the image below. If you are using the old reporting, we encourage you to learn more about our new Insights Standard reporting here. If you’re already using the new Insights Standard reporting, you do not have to take any actions.
Get ahead of 2024 with our new, free, online courses in LawVu Academy! From soft skills like change management to more practical ones like self-service, you’ll learn valuable skills that are rarely taught in law school or private practice with these courses made specifically for in-house legal.
Make your way through one of our suggested learning pathways – The Connected Legal Certification and Legal Tech Fundamentals – or pick the courses that matter most to you, the choice is yours. Whether you have five minutes or five hours, these resources are all you need to upskill and take yourself, your team, and your tech to the next level in 2024.
Want to share your love for LawVu?
Do you know another in-house legal team who would also benefit from using LawVu?
Join our brand new LawVu Referral Program and you’ll receive a $5,000 credit to use towards next year’s LawVu subscription for every company you successfully refer. Even better, they’ll also receive $5,000 to use towards their LawVu subscription too.
New to LawVu? Have colleagues that are? We host monthly live demonstrations to walk you through the LawVu legal workspace and show you how our customers use LawVu to manage their workload and create efficiencies that benefit the entire business.
Thank you for reading and we hope you enjoyed this edition of The InsideVu.