Legisway Essentials Review - why 5 stars?

Shlomi Lavi

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What is Legisway Essentials?

Legisway Essentials is a legal software solution developed by Wolters Kluwer that provides an easy-to-use central repository for legal departments to simplify and control their legal information, and reduce legal risk. It is designed by legal experts for legal experts, making it easy to store, find, share, track, and report on all of your key legal activities.

This software is ideal for in-house lawyers who want to manage all their legal matters in one place, control risk, share data, and serve the business effectively. Legisway Essentials is the easiest way for legal departments to effectively simplify the management of all legal information, control risk, and share data to better serve the business.

Some of the features of Legisway Essentials include:

1. Centralized Legal Repository: Organize legal information and documents in one place to maintain a “single source of truth”.
2. Risk Management: Monitor the status of legal activities, assign tasks, and set alerts to never miss a deadline again.
3. Electronic Signature: Take advantage of electronic signature, contract automation (Legal SmartDocuments), document collaboration & negotiation (TeamDocs), and OCR options.

Wolters Kluwer was established in 1836 in the Netherlands and has since grown to become a global provider of professional information, software solutions, and services for clinicians, nurses, accountants, lawyers, and tax, finance, audit, risk, compliance, and regulatory sectors. The company has over 19,000 employees worldwide and operates in more than 40 countries.

Legisway Essentials is a smart and flexible solution that empowers legal departments to configure and scale their technology as their needs change. It is a great tool for in-house lawyers who want to take back control of their legal information, manage risk more effectively, and serve the business better and faster.

Who is it best for?

Legisway Essentials is used by a wide range of industries, including banking, insurance, healthcare, manufacturing, and retail. Here are some examples of companies that use Legisway Essentials:

1. Bayer AG: A German multinational pharmaceutical and life sciences company.
2. Coca-Cola European Partners: A multinational bottling company that operates in 13 countries.
3. DHL Supply Chain: A global logistics company that provides warehousing, distribution, and transportation services.
4. KPMG: One of the largest professional services companies in the world, offering audit, tax, and advisory services.
5. Nestlé: A Swiss multinational food and beverage company.

Main features and functionalities

Legisway Essentials can offer several benefits to help your business thrive:

1. Centralized Legal Repository:

   • Challenge: Managing legal documents and information scattered across various platforms can be time-consuming and prone to errors.
   • Solution: Legisway Essentials provides a centralized repository, allowing you to organize and store all legal documents in one secure location. This ensures easy access and maintains a "single source of truth" for your legal information.

2. Risk Management:

   • Challenge: Identifying and managing legal risks promptly is crucial for business success.
   • Solution: Legisway Essentials offers robust risk management features. You can monitor the status of legal activities, set alerts, and assign tasks to ensure that deadlines are met. This proactive approach reduces the risk of legal oversights and enhances overall compliance.

3. Electronic Signature and Contract Automation:

   • Challenge: Traditional paper-based processes for document signing and contract management can be slow and cumbersome.
   • Solution: Legisway Essentials integrates electronic signature capabilities and contract automation. This accelerates the contract lifecycle, enhances collaboration, and ensures efficient negotiation processes. It brings agility to your legal processes, saving time and resources.

4. Document Collaboration and Negotiation:

   • Challenge: Collaboration among legal team members and stakeholders can be challenging, especially when dealing with multiple versions of documents.
   • Solution: Legisway Essentials fosters collaboration through document collaboration and negotiation tools. Team members can work together in real-time, share insights, and contribute to projects seamlessly. This enhances communication and accelerates decision-making processes.

5. Scalability and Flexibility:

   • Challenge: Business needs evolve, and your legal management solution should be adaptable to these changes.
   • Solution: Legisway Essentials is a smart and flexible solution that can scale with your business. It allows you to configure the technology based on your evolving needs, ensuring that the software grows alongside your business.

6. Time and Cost Savings:

   • Challenge: Manual legal processes can consume significant time and resources.
   • Solution: Legisway Essentials automates various legal tasks, reducing the time and effort required for manual work. This not only enhances efficiency but also contributes to cost savings in the long run.

What is the actual cost?

Pros

• User-Friendly Interface: Legisway Essentials stands out with its intuitive and user-friendly interface, making it easy for legal professionals to navigate and use the software efficiently. This emphasis on user experience gives it an edge over competitors, contributing to quicker adoption and improved productivity.
• Comprehensive Risk Management: Legisway Essentials excels in its robust risk management features, allowing legal teams to monitor, assign tasks, and set alerts to proactively address legal obligations. This comprehensive approach to risk sets it apart from competitors, ensuring that organizations can navigate legal complexities with confidence.
• Seamless Collaboration Tools: Legisway Essentials prioritizes collaboration through its advanced tools, fostering real-time document sharing and teamwork among legal professionals. This emphasis on seamless collaboration distinguishes it from competitors, enhancing communication and accelerating decision-making processes within legal departments.

Cons

• Limited Customization Options: Compared to some competitors, Legisway Essentials may have limitations in terms of customization. Organizations with highly specific or unique workflows may find other solutions that offer more flexibility in adapting to their particular needs.
• Industry-Specific Specialization: Some competitors may offer specialized features tailored to specific industries or legal sectors. Legisway Essentials, while versatile, might not provide as niche-focused functionalities, potentially making it less appealing for organizations with highly specialized legal requirements.

How it stacks up?

Frequently Asked Questions (FAQs)