The first fixed price cloud-based contract and document assembly & lifecycle management system to meet the modern-day needs of in-house counsel; and an affordable enterprise level practice management system for small and medium size law firms
NewGalexy, a cloud technology and high-value legal process outsourcing (LPO) provider, has launched two contemporary, functionally advanced cloud solutions to help legal departments and law firms adopt best practice processes to embed efficiency and reduce costs in key business areas. Cloud solutions vastly reduce the capital and operational expenditure of technology, which can be substantial in today’s digital and complex IT environment. More importantly, they offer business capabilities and agility that otherwise can only come at a substantial cost through purchasing traditional IT systems.
Unlike other bulky and complicated contract management systems, ContractPod™ is an affordable, fixed price, end-to-end contract and document assembly, automation and lifecycle management solution. This solution enables legal departments to gain “single touch point” control across the lifecycle of every single document – right from contract assembly, approval workflow, negotiation, revisions and renewals through to termination. Powered by Windows Azure™ cloud hosting solution, ContractPod offers in-house counsel instant scalability, speed and all of the economic benefits of cloud computing.
For small to medium sized law firms, NewGalexy has partnered with Uberall Solutions Limited to produce NewGalexy Practice League, an enterprise practice management system (PMS) that offers an integrated business environment, helping law firms to run lean, highly efficient and profitable businesses. The PMS has been developed from Uberall’s Asian market cloud-based PMS, which is already used by many well-known law firms in that market. Law firms can be up and running with NewGalexy Practice League within 24 hours. There is no software purchase, implementation or IT infrastructure cost to be incurred. Firms benefit from the full range of joined-up functionality – from time keeping, invoicing, payment, collection and budgeting through to matter management, reporting, business analytics and CRM.
Given the ubiquity of Microsoft in the workplace, both solutions are built on this technology. Offering a familiar Microsoft Windows look and feel, ContractPod and NewGalexy Practice League are intuitive and easy to use. Security is assured as they are hosted on Windows Azure, the most reliable cloud service yet.
“The pressure to control costs is profound for in-house Counsel and law firms alike. Truly cloud-enabled technology presents both camps with the best opportunity to meet their goals,” explained Robert Glennie, a corporate and commercial lawyer of over 30 years’ experience and Founder of NewGalexy. “With reduced budgets, corporate legal departments need to actively manage their commercial agreements with third parties to get the most bang for their buck. However, due to the number of contracts typically being large, managing this complex function is a time consuming, manpower-intensive and costly exercise. From our interactions with General Counsel as part of our LPO business, we know that contract and document management is one of the biggest challenges that law departments face today.”
“On the other hand, in today’s ever-increasing competitive environment, law firms need to maximise operational efficiency and optimise resources in order to develop commercially sustainable yet profitable businesses. However for many law firms, traditional PMSs are out of reach due to the substantial financial investment involved,” Glennie added.
With a heritage in legal process outsourcing, NewGalexy’s move into legal technology is a logical next step for the company. The company has exploited contemporary cloud computing technology for its potential to offer tangible business benefits to corporate law departments and law firms, including affordability, speed and scalability.