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LEADING LPO, NEWGALEXY, LAUNCHES CLOUD-BASED SOLUTIONS TO ENABLE GENERAL COUNSEL AND LAW FIRMS TO MANAGE ‘COST AND EFFICIENCY’ CHALLENGES

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Robert Glennie

The first fixed price cloud-based contract and document assembly & lifecycle management system to meet the modern-day needs of in-house counsel; and an affordable enterprise level practice management system for small and medium size law firms

NewGalexy, a cloud technology and high-value legal process outsourcing (LPO) provider, has launched two contemporary, functionally advanced cloud solutions to help legal departments and law firms adopt best practice processes to embed efficiency and reduce costs in key business areas. Cloud solutions vastly reduce the capital and operational expenditure of technology, which can be substantial in today’s digital and complex IT environment. More importantly, they offer business capabilities and agility that otherwise can only come at a substantial cost through purchasing traditional IT systems.

Robert Glennie

Robert Glennie

Unlike other bulky and complicated contract management systems, ContractPod™ is an affordable, fixed price, end-to-end contract and document assembly, automation and lifecycle management solution. This solution enables legal departments to gain “single touch point” control across the lifecycle of every single document – right from contract assembly, approval workflow, negotiation, revisions and renewals through to termination. Powered by Windows Azure™ cloud hosting solution, ContractPod offers in-house counsel instant scalability, speed and all of the economic benefits of cloud computing.

For small to medium sized law firms, NewGalexy has partnered with Uberall Solutions Limited to produce NewGalexy Practice League, an enterprise practice management system (PMS) that offers an integrated business environment, helping law firms to run lean, highly efficient and profitable businesses. The PMS has been developed from Uberall’s Asian market cloud-based PMS, which is already used by many well-known law firms in that market. Law firms can be up and running with NewGalexy Practice League within 24 hours. There is no software purchase, implementation or IT infrastructure cost to be incurred. Firms benefit from the full range of joined-up functionality – from time keeping, invoicing, payment, collection and budgeting through to matter management, reporting, business analytics and CRM.

Given the ubiquity of Microsoft in the workplace, both solutions are built on this technology. Offering a familiar Microsoft Windows look and feel, ContractPod and NewGalexy Practice League are intuitive and easy to use. Security is assured as they are hosted on Windows Azure, the most reliable cloud service yet.

“The pressure to control costs is profound for in-house Counsel and law firms alike. Truly cloud-enabled technology presents both camps with the best opportunity to meet their goals,” explained Robert Glennie, a corporate and commercial lawyer of over 30 years’ experience and Founder of NewGalexy. “With reduced budgets, corporate legal departments need to actively manage their commercial agreements with third parties to get the most bang for their buck. However, due to the number of contracts typically being large, managing this complex function is a time consuming, manpower-intensive and costly exercise. From our interactions with General Counsel as part of our LPO business, we know that contract and document management is one of the biggest challenges that law departments face today.”

“On the other hand, in today’s ever-increasing competitive environment, law firms need to maximise operational efficiency and optimise resources in order to develop commercially sustainable yet profitable businesses. However for many law firms, traditional PMSs are out of reach due to the substantial financial investment involved,” Glennie added.

With a heritage in legal process outsourcing, NewGalexy’s move into legal technology is a logical next step for the company. The company has exploited contemporary cloud computing technology for its potential to offer tangible business benefits to corporate law departments and law firms, including affordability, speed and scalability.

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Spain’s jobless hit four million for first time in five years as pandemic curbs bite

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Spain's jobless hit four million for first time in five years as pandemic curbs bite 1

By Nathan Allen and Belén Carreño

MADRID (Reuters) – The number of jobless people in Spain rose above 4 million for the first time in five years in February, official data showed on Tuesday, as COVID-19 restrictions ravage the ailing economy.

Since the onset of the pandemic, Spain has lost more than 400,000 jobs, around two-thirds of them in the hospitality sector, which has struggled with limits on opening hours and capacity as well as an 80% slump in international tourism.

Jobless claims rose by 1.12% from a month earlier, or by 44,436 people to 4,008,789, Labour Ministry data showed, the fifth consecutive monthly increase in unemployment.

That number was 23.5% higher than in February 2020, the last month before the pandemic took hold in Spain.

“The rise in unemployment, caused by the third wave, is bad news, reflecting the structural flaws of the labour market that are accentuated by the pandemic,” Labour Minister Yolanda Diaz tweeted.

Restrictions vary sharply from region to region in Spain, with some shutting down all hospitality businesses, though Madrid has taken a particularly relaxed approach and kept bars and restaurants open.

A total of 30,211 positions were lost over the month, seasonally adjusted data from the Social Security Ministry showed. It was the first month more positions were closed than created since Spain emerged from its strict first-wave lockdown in May.

Still, the number of people supported by Spain’s ERTE furlough scheme across Spain fell by nearly 29,000 to 899,383 in February.

“These figures have remained more or less stable since September, indicating that the second and third waves of the pandemic have had a much smaller effect than the first in this regard,” the ministry said in a statement.

Hotels, bars and restaurants and air travel are the sectors with the highest proportion of furloughed workers, it added.

Tourism dependent regions like the Canary and Balearic Islands have been particularly hard hit, with the workforce contracting by more than 6% since last February in both archipelagos.

The last time the number of jobless in Spain hit 4 million was in April 2016.

(Reporting by Anita Kobylinska, Nathan Allen and Belén Carreño, Editing by Inti Landauro, Kirsten Donovan and Philippa Fletcher)

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Pandemic ‘shecession’ reverses women’s workplace gains

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Pandemic 'shecession' reverses women's workplace gains 2

By Anuradha Nagaraj

(Thomson Reuters Foundation) – The coronavirus pandemic reversed women’s workplace gains in many of the world’s wealthiest countries as the burden of childcare rose and female-dominated sectors shed jobs, according to research released on Tuesday.

Women were more likely than men to lose their jobs in 17 of the 24 rich countries where unemployment rose last year, according to the latest annual PricewaterhouseCoopers (PwC) Women in Work Index.

Jobs in female-dominated sectors like marketing and communications were more likely to be lost than roles in finance, which are more likely to be held by men, said the report, calling the slowdown a “shecession”.

Meanwhile, women were spending on average 7.7 more hours a week than men on unpaid childcare, a “second shift” that is nearly the equivalent of a full-time job and risks forcing some out of paid work altogether, it found.

“Although jobs will return when economies bounce back, they will not necessarily be the same jobs,” said Larice Stielow, senior economist at PwC.

“If we don’t have policies in place to directly address the unequal burden of care, and to enable more women to enter jobs in growing sectors of the economy, women will return to fewer hours, lower-skilled, and lower paid jobs.”

The report, which looked at 33 countries in the Organisation for Economic Co-operation and Development (OECD) club of rich nations, said progress towards gender equality at work would not begin to recover until 2022.

Even then, the pace of progress would need to double if rich countries were to make up the losses by 2030, it said, calling on governments and businesses to improve access to growth sectors such as artificial intelligence and renewable energy.

Laura Hinton, chief people officer at PwC, said it was “paramount that gender pay gap reporting is prioritised, with targeted action plans put in place as businesses focus on building back better and fairer”.

Britain has required employers with more than 250 staff to submit gender pay gap figures every year since 2017 in a bid to reduce pay disparities, but last year it suspended the requirement due to the coronavirus pandemic.

(Reporting by Anuradha Nagaraj @AnuraNagaraj; Editing by Claire Cozens. Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers the lives of people around the world who struggle to live freely or fairly. Visit http://news.trust.org)

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German January exports to UK fell 30% year-on-year as Brexit hit – Stats Office

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German January exports to UK fell 30% year-on-year as Brexit hit - Stats Office 3

BERLIN (Reuters) – German exports to the United Kingdom fell by 30% year-on-year in January “due to Brexit effects”, preliminary trade figures released by the Federal Statistics Office on Tuesday showed.

In 2020, German exports to the UK fell by 15.5% compared to 2019, recording the biggest year-on-year decline since the financial and economic crisis in 2009, when they fell by 17.0%, the Office said.

“Since 2016 – the year of the Brexit referendum – German exports to the UK have steadily declined,” the Office said in a statement.

In 2015 German exports to the UK amounted to 89.0 billion euros. In 2020, German they totalled 66.9 billion euros.

Imports to Germany from the UK totalled 34.7 billion euros in 2020, down 9.6 % compared to 2019.

(Reporting by Paul Carrel; Editing by Madeline Chambers)

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