We are proud to announce the Q4 2020 Release of Elevate Ecosystem Legal Management (ELM).

In June 2020, we launched our Elevate Ecosystem Legal Management platform, an easy-to-use, cloud-based legal operations platform that streamlines how law departments and law firms manage legal work and collaborate.

Elevate’s ELM solves the problems that arise from having data siloed in point solutions that don’t talk to each other. It’s hard to monitor, track, and collaborate across law departments and law firms – the legal ecosystem – when everyone uses disconnected point solutions, each with data locked inside. Using built-in artificial intelligence, common data models, and APIs, Elevate’s ELM brings data together from across your existing point solutions into the ELM platform to provide machine-driven insights.

Combining data shared across point solutions, together with ELM’s modules (for requests, matter management, budgeting, billing, and contracts), enables teams throughout the ecosystem to work, and get jobs done, more efficiently. With Elevate’s ELM, general counsel and legal operations leaders can see comprehensive operating metrics to track and, with machine learning, even predict legal outcomes.

Manage Outside Counsel on Elevate’s ELM
The new Q4 2020 release brings our RFP solution – Manage Outside Counsel – onto our ELM interconnected platform.

Finding the right expertise at the right price is critical for law department operations. However, drafting an RFP, evaluating incoming bids, and keeping everyone informed often remains a manual endeavor. During the RFP process, email inboxes frequently overflow with internal status updates and bidding law firms’ questions.

Elevate’s ELM Manage Outside Counsel module automates and structures the RFP process. The module consolidates question generation, internal and external communications, and bid comparisons to score bids into a centralized RFP workspace. Dashboards provide real-time visibility into status and operating metrics. Our ELM Manage Outside Counsel module also stores all of your RFP data for trends analysis to inform future pricing and terms.  

RFP Data and More, Visible Across Workflows
Elevate’s ELM connects RFP data and all other matter data in downstream and upstream workflows to streamline legal operations.

An ACG can quickly assign a new request to a lawyer using the ELM Manage Request module’s dropdown lists (drawn from common data models) and data on that lawyer’s availability. The assignment details and associated data entered in the Manage Requests module automatically flow to the Manage Matters and Manage Outside Counsel modules that handle law firm selection and project management. No data re-entry is required—changes to data in one module cascade through all other modules for real-time synchronization and metric updates.

What is Elevate’s Common Data Layer Edge?
Elevate’s common data models and layer eliminate the blind spots that arise from having data siloed inside the point solutions in your ecosystem. Our technology connects all the data regardless of the source.  

It works like this: the system creates a common data layer that stores your legal operations metadata – geographic locations, currencies, matter types, users, etc. – and case-specific data.  All data feeds into Elevate’s ELM platform to streamline matter opening, collaboration, and metric insights. You can also bring data from 3rd party tools into the common data layer.

Upcoming Releases
We are excited to bring you the Q4 2020 Release in early November. The Elevate technology team is already hard at work on the Q1 2021 release. Our experienced product and engineering teams are leveraging the agile process and rapidly building a connected, agnostic platform that provides clarity across data currently trapped inside siloed point tools.

Contact Elevate today to learn how to manage your legal ecosystem in one interconnected platform with data transparency and insight.