A few weeks ago, Legaltech News published a piece entitled “Legal Technologist Finance 101” which discussed some financial concepts like cash flows, financial analysis techniques like return on investment (ROI) and net present value (NPV). The piece reviewed how legal technologists might apply financial techniques to projects to facilitate approval and evaluation discussions. Financial analysis is a vitally important element assisting to move projects forward in challenging economic situations where competition for scarce funding is keen.

Part II of this series focuses on four legal technology case studies, outlining effective methods to quantify costs and benefits in different scenarios supporting ROI analysis. Here are the case studies.

Project I: Innovation Technologies