Ep 247: Aderant CEO Chris Cartrett on the Company’s Cloud-First Strategy and New Cloud Platform
May 7, 2024
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Aderant CEO, Chris Cartrett, discusses the company's cloud-first strategy and the launch of Stridyn, a new cloud platform. They explore AI tools like MADDI for law business management and the benefits of automation. Cartrett touches on strategic acquisitions, product line evaluation, and the importance of early adoption of innovation in law firms.
Aderant focuses on a cloud-first strategy with the launch of Stridyn platform for AI applications.
Chris Cartrett emphasizes adapting sales and operations to succeed in the modern legal tech landscape.
Aderant's AI tool Maddy streamlines tasks like invoice management, showcasing commitment to enhancing client experiences.
Deep dives
Addera Launches Striden, a New Cloud Platform
Addera, a technology company serving law firms worldwide, introduced Striden, a novel cloud platform at their global momentum conference. Striden will support all cloud applications, representing Addera's focus on a cloud-first strategy. Through recent advancements like Sierra and AI tools like Maddy, Addera is enhancing law business management.
Addera's CEO Discusses Strategic Transition to SaaS
Chris Cartret, Addera's President and CEO, details the company's shift towards Software as a Service (SaaS) and cloud-first strategy. Over the past years, Addera upgraded its product suite with cloud-driven solutions and AI applications to benefit mid to large-sized law firms. Cartret emphasizes the importance of adapting development, operations, and sales to succeed in the modern technology landscape.
Chris Cartret's Legal Industry Background and Leadership Journey
Chris Cartret, with a decade at Addera and prior experience at Thompson Reuters, reflects on his 30-year journey in the legal vertical. Starting in sales, he transitioned through strategic roles to lead Addera, emphasizing a learning curve from successes and failures. Cartret highlights the evolution towards a SaaS model and fostering a strong company culture.
Impact of COVID-19 on Legal Technology and Business Practices
The pandemic revealed operational challenges for law firms unprepared for remote work, prompting technology adjustments. Addera and other tech companies faced decentralized usage demands, leading to innovations for data management and product reliability. The industry adapted to remote work needs, pushing for efficient solutions and accelerated technology development.
AI Solutions and Product Advancements at Addera
Addera's AI assistant, Maddy, showcases a tailored AI tool trained on diverse data sets to streamline tasks like guideline adherence and invoice management. The company's strategic focus on generative AI applications aims to automate routine processes, including time narratives and billing functions. Addera's emphasis on AI integration and platform upgrades underscores a commitment to enhancing client experiences and operational efficiencies.
As this episode is released, Aderant, a technology company that provides business and practice management software for mid- to large-sized law firms worldwide, is in the midst of its Global Momentum user conference, taking place in Nashville. At the conference, the company made a major news announcement – the launch of Stridyn, a new cloud platform that will form the foundation for all the cloud and AI applications the company offers.
That launch marks the culmination of a year in which Aderant has continued to push its cloud-first strategy, most notably through its Expert Sierra cloud-based practice management system, and in which it has increasingly focused on the development of artificial intelligence tools to enhance law business management, including through MADDI, the AI powered virtual associate it introduced last June.
My guest today is the person leading the company through all this, president and CEO Chris Cartrett. A 10-year veteran of the company, he was named president in 2021 and took over as CEO on Jan. 3, 2022. Now, just over two years into the job, and just ahead of Aderant’s conference this week, he sat down with me to discuss the news coming out this week and for a broader conversation about the company and the legal industry.
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