Ten Years of Onit: Stories from the Company’s Four Co-Founders

In 2012, Dr. Michael Tal, Dr. Manuel Meder and Konstantin Tadrowski founded BusyLamp. The company, focused on legal spend and matter management for European in-house counsel, has a mission to provide them with the information and analytics they need.

Now, BusyLamp has joined the Onit family of companies. With this acquisition, Onit has created one of the largest global enterprise legal management conglomerates.

In this podcast, Onit CEO and co-founder Eric M. Elfman joins Michael and Manuel to discuss the acquisition and what it means for Onit, BusyLamp and both company’s customers.

Show links:

Eric M. Elfman on LinkedIn – https://www.linkedin.com/in/ericelfman/

Michael Tal on LinkedIn – https://www.linkedin.com/in/michael-tal-340b5355/

Manuel Meder on LinkedIn – https://www.linkedin.com/in/manuel-meder-288b5155/

Konstantin Tadrowski on LinkedIn -  https://www.linkedin.com/in/konstantin-tadrowski-20107089/

Press release - https://www.onit.com/news/onit-acquires-busylamp/

BusyLamp website – https://www.BusyLamp.com

Onit website – https://www.Onit.com

Thanks for listening! 

Legal invoice review often invokes dread and frustration from in-house counsel. After all, which busy lawyer wants to set aside interesting work to review a 100-page law firm bill?

Advances like e-billing and billing guidelines have helped the process tremendously, but there’s still room for improvement. In this podcast, Onit’s Matt DenOuden and Mary Fuzat sit down to discuss the challenges of legal invoice review and how AI finds “between the rules” savings and gives attorneys back time for more strategic contributions.

Show links:

The video you can’t miss (discussed in podcast) - https://www.onit.com/blog/invoiceai-launch-and-video

Connect with Matt – https://www.linkedin.com/in/matthewdenouden/ or Matt.DenOuden@Onit.com

Connect with Mary - https://www.linkedin.com/in/mary-barcio-fuzat-5701062/ or Mary.Fuzat@Onit.com

Information on the Bodhala acquisition and the podcast featuring Eric M. Elfman, CEO of Onit and Raj Goyle, CEO of Bodhala - https://www.onit.com/blog/bodhala-acquisition/

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Imagine four waves of legal technology improvement for legal operations. The first, back in the 90s, came from matter management when legal departments started using technology. The second, which blossomed in the early 2000s, focused on electronic invoicing and spend management and addressed the economics of legal matters. The third wave began to crest around 2010, with the introduction of workflow and process management.

Now, legal departments are on the fourth wave of transformation. This time, it’s actionable intelligence and using data to its fullest extent to enhance legal operations. 

This fourth wave is what Eric M. Elfman, CEO and co-founder of Onit, and Raj Goyle, CEO of Bodhala, have come together to discuss in this podcast. Onit’s acquisition of Bodhala means creating the most complete enterprise legal management solution in the market – one that relies on benchmarking, market intelligence and legal analytics. The two discuss the acquisition, what actionable intelligence means to them and why it’s the next revolution for legal operations evolution.

Show links:

Eric M. Elfman on LinkedIn – https://www.linkedin.com/in/ericelfman/

Raj Goyle on LinkedIn - https://www.linkedin.com/in/raj-goyle-b7b4b75/

Press release - https://www.onit.com/news/onit-acquires-bodhala

Bodhala website – https://www.Bodhala.com

Onit Enterprise Legal Management – https://www.onit.com/products/enterprise-legal-management/

Thanks for listening! 

Let’s face it – reviewing and managing NDAs is a pain in the neck for in-house counsel. They’re the highest-volume contracts handled by businesses today. In fact, our customers tell us they process between 500 and 100,000 a year. That’s a lot of time (and cost) that can be redirected to other contributions.

In this podcast, Nick Whitehouse, the GM of Onit’s AI Center of Excellence, explains why NDAs are ripe for automation and AI and how corporate counsel can cut their time spent on NDAs by 70%. 

Show links:

Connect with Nick – https://www.linkedin.com/in/nick-whitehouse/

Learn about Automate NDA - http://www.onit.com/nda

CLM Process Flow: Making Contracting Easier for Legal - https://www.onit.com/blog/clm-process-flow-making-contracting-easier-for-legal/

Does Your Contract Software Redline Contracts for You? - https://www.onit.com/blog/contract-redlining-software-does-your-clm-ai-redline-contracts/

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What makes legal operations world-class? And how can corporate legal departments get there? These are the ideas we tackle in this episode. Brad Rogers set the stage for corporate legal transformation in our previous podcast with him, where he discussed what factors are driving change in legal.

Now, he’s drawing from nearly three decades of operational excellence to discuss how to not only transform your legal operations but make them world-class. We discuss areas including the hallmarks of leading legal operations, the idea of intention design and how to self-fund transformation.

Show links:

Brad Rogers on LinkedIn - https://www.linkedin.com/in/brad-rogers-433b9212/

Podcast: What’s Driving Change in Corporate Legal? (interview with Brad Rogers) https://www.onit.com/blog/onit-welcomes-brad-rogers-as-its-senior-vice-president-of-strategy-and-growth/

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In less than a year, BT transformed its global legal department, creating award-winning operations that judges described as admirable “not only due to the speed of their roll-out of the platform, but by taking an existing process and migrating it into a streamlined, efficient platform.” In less than three months, the company has been awarded the Legal Innovation Award in the category of Future of Legal Services Innovation – In-House Legal Operations and joined the shortlist for the Legalweek Leaders in Tech Law awards.

In this episode, David Griffin, Head of Legal Technology and Change at BT, joins us to discuss the vision for their digital transformation, their record-breaking speed at enacting it, the technology behind it and what results they are already seeing.

Show links:

BT’s website

Legal Innovation Awards

Legalweek Leaders in Tech Law Awards 2021 

David Griffin on LinkedIn

Onit on LinkedIn  

Apptitude, Onit’s business process and workflow automation platform

Thanks for listening!

Contract lifecycle management is grabbing a lot of buzz in legal. But we all know that buzz isn’t the same as substance. Not all CLM technologies deliver a critical component for any tech investment: ROI.

In this episode, we chat with Matt DenOuden, Onit’s Senior Vice President of Global Sales. We’ll discuss how to get past the hype to CLM payoff and the ultimate new ROI opportunity from Onit: our contract lifecycle management solution 60-day money back guarantee. 

Show links:

Onit’s CLM Money Back Guarantee: https://www.onit.com/products/introducing-onits-60-day-money-back-guarantee-for-clm 

Onit CLM AI - https://www.onit.com/products/onit-reviewai/

Webinar replay - The Future of Contracting: CLM + AI Transformation at Lenovo - https://www.onit.com/resources/onit-webinar-the-future-of-contracting-clm-ai-transformation-at-lenovo/

Matt DenOuden on LinkedIn: https://www.linkedin.com/in/matthewdenouden/

Onit on LinkedIn: https://www.linkedin.com/company/onit/

Thanks for listening!

Everyone from tech companies to industry influencers is telling lawyers what they need from AI. And, if there’s one thing about lawyers, they don’t generally like being told what they like. The dynamic should be flipped. So, let’s take a step back and ask this question: Are legal and contract AI technologies giving lawyers what they truly need? What do lawyers think?

In this episode, we go straight to the source, interviewing a lawyer about what she expects from AI. Jean Yang is the VP of Onit’s AI Center of Excellence, a lawyer and an AI expert. We talk to her about her experience as a lawyer and her use of technology when practicing law. She’ll also share why Onit’s newly released ReviewAI Smart Checklists improves contract review consistency, lowers contract risks and better supports the business.

Show links:

Jean Yang on LinkedIn - https://www.linkedin.com/in/jean-yang-10936239/

ReviewAI Smart Checklists recorded demonstration – [LINK PENDING]

ReviewAI information - https://www.onit.com/products/onit-reviewai/

Webinar replay - The Future of Contracting: CLM + AI Transformation at Lenovo - https://www.onit.com/resources/onit-webinar-the-future-of-contracting-clm-ai-transformation-at-lenovo/

Thanks for listening!