355: SimpleLegal – How Legal Tech Startups Are Disrupting the Industry
Technology is revolutionizing multiple industries as the digital transformation of everything gathers pace. I have recently spoken with businesses and CEOs about healthtech, edtech and fintech, but I wanted to find out more about legal tech. Legal technology, also known as Legal Tech, refers to the use of technology and software to provide legal services. Legal Tech companies are generally startups founded with the purpose of disrupting the traditionally conservative legal market.
SimpleLegal provides modern legal operations software to streamline the way corporate legal departments manage their matters, track and interpret spend, and collaborate with vendors and law firms. By combining e-Billing, matter management, accruals automation, and advanced reporting into one comprehensive solution, they centralize the functions and data needed to make better decisions and more efficiently manage an entire legal department.
Their story started when facing frustration with their own existing software tools. Sure, they did the job, but they were far too cumbersome. One customer likes to use the term “clunky” to describe their former solution. In the Facebook Era, enterprise software shouldn’t be clunky.
Then law firms advised that they didn’t like eBilling software. To them, it’s just one more time-consuming process that has nothing to do with actually taking care of their clients. But, they wanted law firms to like their software. SimpleLegal was then created to be Simple for law firms, too.
The team believes that Software as a Service is fundamentally different than traditional enterprise software. SaaS isn’t just about “no software installation required.” After all, what good is “no installation” if configuring the application is still difficult? User setup, law firm registration, and the seemingly endless list of options are the problem.
SimpleLegal is streamlined Matter Management and eBilling software without all the overhead common in legacy vendors’ software. Customers range from new startups to global, public multi-$B companies. Customers use the software to get transparency into their legal spend, save time, and save money. I invited Nathan Wenzel, CEO of SimpleLegal onto the show to learn more about how legal tech is disrupting the industry.