Knowledge Management stores and utilizes legal professionals combined wisdom. It includes processes and systems that identify, save, profile, disseminate, and use prior work and accumulated expertise to solve legal and business problems.

Legal Knowledge Management started with a focus on documents: identify and index prior work product, and create precedents. Work product is any substantive document lawyers create; in contrast, precedents refer to vetted, more general documents specifically designed for regular reference and reuse. Precedents can include legal research, templates of litigation filings, model transaction documents, and checklists.

Today technology has significantly developed to reduce cost elements, optimize working and help in easing the business process. Law Firm Search needs, are today wider than word and PDF search, in fact, it is a search for the overall wisdom of the law firm. Hence an effective and efficient Knowledge Management is much needed. A good Knowledge Management developed with efficient Technology searches multiple sources of information – documents, email, time entries, matter intake databases, and client relationship management systems – and applies sophisticated algorithms to create a Google-like search experience inside of law firms and departments. These systems also demonstrated that finding a related matter is very helpful, as finding a case similar to the one at hand identifies both lawyers with experience and relevant documents.

With LegalXGen Knowledge Management is one such system which enables your law firm to store, search, and utility your collective wisdom with ease and enables quick and effective delivery to clients and help grow your law practice.