As the business keeps growing beyond borders (and different jurisdictions!), gaining clear visibility into the corporate structure is essential. Here is a list of 4 tips for all-sized legal departments, to better manage their corporate records to ensure governance and compliance while mitigating risks- to demonstrate value across the organisation they serve.
Legal departments are under more pressure than ever before, and are constantly fighting fires on a number of fronts. Regulatory and legislative changes, political instability, changing market needs and growing competition all contribute to a growing deal of complexity for legal departments. To deal with these pressures, many legal departments are working harder and increasing resources. However, increasing resources can be out of the question for smaller legal teams – creating a compelling reason to find alternative ways to work smarter by transforming operations.
For legal departments with limited resources and budget constraints, managing a large number of contracts is cumbersome. But even at lower amounts proper management can be tricky. Let’s explore 4 ways automation helps you drive efficiency and compliance across the business while elevating your department to a value-delivering function.
Legal departments are under constant pressure to show value, and part of that is staying in control of legal costs. According to the 2019 Future Ready Lawyer Survey from Wolters Kluwer Legal & Regulatory, 50% of in-house lawyers identified reducing/controlling outside legal costs among their biggest challenges. Here are 7 tips to help your legal department overcome the challenge of reducing/controlling legal costs:
Document automation tools helps legal departments overcome challenges associated with creating legal documents manually. However, misconceptions about automated processes discourage legal departments from implementing them. In this post, we debunk 5 myths about document automation so that you can take full advantage of it to focus on what matters most.