Litigation management or legal matters management is a term that
is doing rounds in the business arena for some while now. With the increase in
consumer awareness and availability of knowledge in public domain, industries
are focusing highly on legal matters to make sure that the company does not
fall into any legality which may cause damage to the company’s reputation and
ultimately leading to decrease in profitability of the business. This also
leads to compromised focus on business expansions & development. To help
you understand the nuances of corporate litigations, we present you a blog series that would take you through
the corporate litigations, the challenges that you might face in case management, how a legal workflow management software may
be a solution to the problems and what are the important functionalities that
are must for a legal management system.
But before going into the deep let’s first understand what litigation is.
To define litigation, we can say that litigation is
the process of taking a legal action. Synonyms of the word litigations are
legal proceedings, legal actions, lawsuits, legal disputes, legal cases, legal
contests, judicial proceedings, and legal processes, prosecution of charges,
indictments and trials. Right from notice
management to trying to settling the
dispute outside the courts to expense
management to legal data management
to managing ongoing litigations to legal
date management, all fall under purview of litigations.
To start with,
let us understand what a notice is and why is it so important. Notice is a
formal way of informing a person or a party that they have not acted in
accordance to what was expected by them and you intend to take a legal action
against them. It is a kind of warning that is given to the person before initiating
a legal action. One needs to reply or react to the notice received within the
given deadline. If the party doesn’t reacts on-time then the issuer of notice
can file a case in court of law. Generally parties prefer settling the issue
outside the court and notice is the stage where it is usually done.
So we can
understand the level of importance notice
management has for a party. To summarise:
- Deadlines needs to be handled with utmost attention so as to not to get into legalities.
- Settling up of matters outside the courts is done in here.
- It helps in avoiding unnecessary law suits thus helping control a lot of time and money.
After notice,
come the cases. If the party who has received the notice doesn’t reacts to it
on time then the issuer files a lawsuit and this lawsuit is known as a case.
Ongoing lawsuits are very critical and it needs to be handled properly. There
are quite a few steps that are taken while managing cases.
- It starts with retrieving data related to the case
- It also requires to contact the people who were involved directly or indirectly in the case
- Once all the data is assembled, then one has to decide the counsel of advocates who are going to represent us in the court
- After selection of advocates, strategy is to be determined which might be decided on the basis of case information , or some previous case handled on similar lines or may be by using other information
- There is a need of calendaring the hearing dates and tracking of time
- Another important aspect in case management is making sure that performance of advocates are being monitored
- And finally expenses done for the legal case management needs to be monitored and controlled
- Closure of case - to analyse whether the same is in favour or against us
- Taking subsequent actions
- Understanding & strategising between the desired output versus the cost of time & money put in a legal matter
I hope after
reading the above blog, you have got a bit of clarity about what litigation
management is , what notice management is and what case management is. But
that’s not just what you need to understand. There is an enormous amount of
information that is coming up in the subsequent blogs. Till then, if you want
to have a good time understanding how a litigation works then I would suggest you
to go through our product, LEX MANTRA– A web based and role based
litigation management software.
Click on the below link to get a view of what Lex Mantra can do for
you.
Or
Contact on below number for more information!
+ 91 9599593398
We look forward to have a 30 minutes
appointment with you to demonstrate the value proposition of Lex Mantra and how
it can be a value addition to your organisation!
Does this solution reminds for upcoming hearings ? Can I upload & keep my documents in this system ? Is it a cloud based solution ? Also can I communicate with my litigation team through this solution ?
ReplyDeleteYes Tanvi, it surely does and solves all your problems in just a single click! We would be coming up with more blogs related to LMS and Lex Mantra...Just keep an eye on the blog spot!
DeleteFor more details visit our website: www.lexmantra.co.in
DeleteCan you explain how is this solution accessed?
ReplyDeleteLex Mantra is roles based and web based software solution, it can be accessed from any where and at any time by only the authorized person who has been designated with the task to access it.
DeleteGreat it is! Which are the industries where this can be applied?
DeleteLex Mantra is tailor made for each and every industry and each and every company. If you are having troubles with litigations just go for Lex Mantra!
Delete