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2021 Gartner® Market Guide for Corporate Legal Matter Management
We're honored that Xakia has been named as one of 19 Representative Vendors listed in the 2021 Gartner® Market Guide for Corporate Legal Matter Management. Check out the report to learn more.
We are honored that Xakia, our seriously simple software for in-house legal teams, has been recognized as a Representative Vendor in the 2021 Gartner® Market Guide for Corporate Legal Matter Management. Xakia is one of 19 vendors named in this report and we think it is a must-read for general counsel and legal leaders who wish to gain succinct insights on the current state of the corporate legal matter management market and inform their technology choices.
To read the full report, download the Market Guide for Corporate legal matter Management here (Gartner subscription required).
According to Gartner, “General counsel and other legal leaders responsible for legal and compliance technologies must cope with an increased volume and complexity of matters. They use the data and analytics that matter management provides to optimize work distribution among the in-house team, law firms, and Alternative Legal Service Providers (ALSPs).”*
Furthermore, Gartner states, “that by 2025, legal departments will increase their spend on technology threefold" as many organizations:
- “Seek matter management systems to improve efficiency, manage workloads, adhere to deadlines, and ensure timely, on-budget delivery of legal services to the business.
- Use matter management as an opportunity to establish a data foundation for demonstrating value to the business and informing legal and risk decisions.
- Require that matter management systems integrate with other applications, such as office productivity, document management, and CRM, established across the business"*
We believe this recognition in the Gartner Market Guide further validates our position in the market and why Legal Departments small and large, in some of the world’s best-known brands appreciate our innovation and commitment to their success. Since launching in 2016, we have helped general counsels and in-house counsels streamline and automate their legal processes, increase efficiency and productivity amid growing responsibilities, and control costs.
How does Xakia compare with other vendors?
The Xakia platform is built around four key features: legal matter management, legal intake and triage, legal spend and external counsel management, and legal data analytics and reporting.
1. Visibility in one centralized location
For legal departments buried in a maze of spreadsheets and emails managing their workload and team, Xakia’s cloud-based platform will streamline and simplify workflows with a dedicated In-house Legal Hub.
2. Legal integrations with your systems
As an all-in-one platform with an open API architecture, Xakia also comes with out-of-the-box integrations with other critical software in a legal department's LegalTech ecosystem such as email, contract management, document management, e-billing, and workflow tools.
3. We are global
Xakia is the only multi-lingual platform in the market configurable in English, Japanese, Spanish, French, Danish, Dutch, and Portuguese (Brazil). For global companies with multiple languages and users, the platform can be configured to offer more than one language so that all your internal and business clients and legal team members can operate in their language of choice.
4. Legal data dashboards and reporting
Gartner states that, “by 2024, legal departments will have automated 50% of legal work related to major corporate transaction."* Xakia saves legal departments time by automating the entire data collection, crunching, and visualization process. Our powerful analytics and interactive dashboards and reports ensure you're making informed, data-driven decisions and removes the need for spreadsheets.
Ready to get started?
If your Legal Department is just starting out on its journey to Modern Matter Management, it's easy to become overwhelmed with all the tech talk, but whether your team is large or small, here are five major things you should consider when vetting legal software solutions.
*Gartner, Market Guide for Corporate Legal Matter Management, Published 27 September 2021, by Analyst(s): Jim Murphy, Nikos Drakos, Zack Hutto. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.