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LegalMay 25, 2022

Wolters Kluwer ELM Solutions discusses AI’s future in the legal industry with That Tech Pod

ELM Solutions shares how law departments are using AI to drive new insights into legal spend

Jeffrey Solomon, Head of Managed Services and Analytics at Wolters Kluwer ELM Solutions, is featured on the popular legal technology podcast That Tech Pod discussing how AI is transforming the legal industry and where the future of the technology is headed inside corporate legal departments.

During the nearly 30-minute conversation with That Tech Pod, Solomon outlines how the desire to enhance relationships with external counsel is prompting corporate legal teams to fold AI into their operations. He explains that clients using ELM Solutions’ LegalVIEW BillAnalyzer, for example, can leverage the power of AI to swiftly review invoice line items and collaborate with law firms to assist them in creating more compliant invoices. However, Solomon stressed that the future of AI in legal will likely resemble innovations such as ELM Solutions’ LegalVIEW Predictive Insights module, which uses predictive budgets and cycle times to help legal departments select the best law firm for a given matter.

“The use of AI to glean new insights from existing data sets represents the next wave of technological innovation within the legal industry,” Solomon says. “Wolters Kluwer ELM Solutions is at the forefront of that evolution and I’m thankful for the opportunity to share with That Tech Pod how LegalVIEW BillAnalyzer and LegalVIEW Predictive Insights are transforming the way our clients do business.”

Solomon has spent more than two decades consulting within the legal technology sector. His current role includes overseeing a team that leads innovation initiatives through ideation, market research, development, and go-to market for a portfolio of AI-powered products and managed services.

Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

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