Bloomberg Law Acquires Dashboard Legal

Today's attorneys must manage ever-increasing quantities of sensitive information, yet all too many attempt to lead their various projects through their email inboxes. For a long time, Mathew Rotenberg, former lawyer and CEO of Dashboard Legal, operated the same way but knew a better approach existed. That's why he and his co-founder, Fedor Garin, launched their own legal case management software company, Dashboard Legal.

Dashboard Legal has proven so effective in helping lawyers manage their workflows that Bloomberg Law recently acquired the company to buttress their digital services for law firms.

Cutting-edge technology that solves lawyers' problems

Rotenberg understands the challenges attorneys confront in the course of their work because he served as one at a major law firm himself. "Dashboard Legal was really born from a pain I experienced seven years practicing big law in New York City," he said in a recent podcast appearance.

"If you look at the time lawyers spend on the process, just getting things from A to Z without things slipping through the cracks — it's a vast majority of their time," Rotenberg explains. "Lawyers were talking about managing the increased complexity and volume of information that they're responsible for, and [saying] that they need help. Eighty percent of the time they're spending during their day [goes toward] just trying to manage all the moving pieces."

According to Rotenberg, lawyers all too often create Byzantine structures of folders in their email software to try to manage their projects. "Lawyers are using one tool for so many different types of needs," he says. "At the end of the day, the inbox is just one electronic filing cabinet of other people's priorities, and people engage in this daily routine of dragging and dropping and endlessly searching."

Rotenberg knew work didn't have to be that hard and clumsy and that lawyers needed a more intuitive, modern workspace. He launched Dashboard Legal to develop cutting-edge legal case management software. 

How Dashboard Legal improves legal work

The result of Rotenberg's efforts is new software for law firms that gives lawyers a bird's-eye view of their work at a glance. "We bring them a clear understanding of where their projects stand, who's doing what, and do so in a way that it feels natural, feels modern, and slots nicely into their existing workflow," he explains in the podcast.

Dashboard Legal's interface provides an overview of lawyers' work and helps them manage it more easily. Managers can assign tasks and set deadlines so they can spot work that's overdue or at risk, and others can step in as needed to offer support. Everyone has a clear understanding of different projects' statuses, as well as who is currently working on them.

Dashboard Legal also enables lawyers to collaborate with their teams in real-time, so everyone involved knows the latest news no matter where they might be in the world. Checklists let team members see the progress that's being made every day, users can add notes, and there's a chat tool that lets them ask each other questions and provide updates.

Moreover, the software integrates seamlessly with popular document management systems like Netdocs and iManage, as well as with email systems like Outlook. It also facilitates reporting to clients, quickly and easily generating the relevant documents.

Making lawyers' load lighter

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Dashboard Legal empowers lawyers to focus on the parts of their profession that only they are qualified to do rather than waste their time wading through email folders. With this cutting-edge system, attorneys don't get bogged down — their workload becomes more streamlined and feels lighter, empowering them to work faster and better than ever.

Law firms that have already adopted Dashboard Legal like Gunderson Dettmer sing its praises. "We deployed Dashboard Legal firmwide and the adoption and feedback from attorneys has exceeded our expectations," Chief Knowledge Officer Naveen Pai says.

It should come as no surprise, perhaps, that the ease and efficiency of Dashboard Legal made it attractive to Bloomberg Law, expanding its reach in the legal workflow industry.

Bloomberg Law's acquisition of Dashboard Legal

Bloomberg Law officially acquired Dashboard Legal on April 9, 2024. By adding Dashboard Legal to its offerings, Bloomberg Law is diversifying the toolkit it can offer to lawyers, including Bloomberg Law Contract Solutions, an AI-based system that facilitates the development of legal contracts. As a result, Bloomberg Legal is spearheading the development of a complete digital platform for the accomplishment of legal work.

As President of Bloomberg Law Joe Breda explains, "The addition of Dashboard Legal's powerful project management and collaboration software to our product lineup expands the breadth of our offerings, which enable attorneys to be more productive and efficient in conducting their most time-consuming everyday tasks. This acquisition dovetails with our vision of building a suite of products that combine our subject-matter expertise with advanced technologies such as generative AI to support attorneys' day-to-day workflow."

As part of the agreement, Rotenberg will join the leadership team of Bloomberg Law. His main focus will be, in his words, "fuel[ing] the next generation of legal workflow solutions."

Revolutionizing the way lawyers work

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The partnership between Bloomberg Law and Dashboard Legal promises to revolutionize the way lawyers work. With the help of Dashboard Legal, attorneys and their teams can streamline and advance work smoothly toward completion, and collaborate over vast distances. 

Law firms of all sizes and specializations stand to benefit. In short, this new technology promises to open up a whole new future for the legal profession.

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