Announcements
Hyperion Research Releases 2024 MarketViewâ„¢ Report on Low/No Code Workflow Automation for Corporate Legal Departments
Ninety percent of companies using a workflow tool automate multiple legal and compliance processes.
NEW YORK – July 11, 2024 — Hyperion Research, an Epiq company, today announced the release of the 2024 MarketViewTM Report on Low/No Code Workflow Automation (WFA) for Corporate Legal Departments.
"In-house legal departments are embracing Workflow Automation," said Catherine J. Moynihan, Senior Director, Strategic Intelligence and Advisory for Epiq’s Legal Business Advisory Group. “The starting place is typically legal service request intake, and once that is implemented, automation of processes quickly expands. Our benchmarking survey data shows that 90 percent of companies using a workflow tool automate multiple legal and compliance processes, and nearly one in four automate more than 10 processes. This shows that corporate legal departments are responding to the ever-growing demand for their services in a more efficient manner.”
The MarketViewTM report is based on more than 500 hours of analyst research, benchmarking, client interviews, and vendor briefings, helping legal operations leaders and general counsel understand the key aspects of Workflow Automation, including:
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Forces driving the adoption of workflow solutions in legal departments.
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Diversity of use cases and challenges that WFA address.
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Differentiation in Low/No Code WFA technology solutions.
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Practical guidance for WFA transformations.
In a market populated with a broad mix of capabilities, the report identifies 19 Low/No Code Workflow Automation solutions and provides detailed evaluations of nine advanced solutions: BRYTER, Checkbox, Josef, Kim, MyLegal, Neota Logic, OnitX, Mitratech TAP, and Tonkean.
The report is available through Hyperion Research (www.hgpresearch.com). The report's purchase includes a 60-minute briefing session with a Senior Analyst to answer specific questions about the market and solution providers.
About Hyperion Research
Hyperion Research, an Epiq company, is a leading source for Legal Solutions Market Intelligence. Hyperion Research is an independent market research organization. The profession's leaders, innovators, and trend-makers rely on Hyperion Research, a premier provider of independent market analysis, advisory services, and research. Hyperion Research provides insight into the leading trends in legal strategy, operations, and technology. Hyperion Research coverage of any vendor is based on their significance in the market and Hyperion Research clients’ interests; Hyperion Research does not accept remuneration in exchange for participation in the MarketViewTM Research program and reports. Hyperion Research maintains full editorial independence over all research reports, research findings, and other analyst work product.
About Epiq
Epiq, a global technology-enabled services leader to the legal industry and corporations, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at https://www.epiqglobal.com.
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Epiq, Director of Communications and Public Relations
Carrie.Trent@epiqglobal.com