Ask any General Counsel about the legal operations challenges they face on a daily basis and the answer that comes back is most likely about increasing productivity, streamlining processes and/or creating value. It all boils down to operational efficiency, and being about to work in the most strategic way possible. To address these challenges, an entirely new discipline of “Legal Operations” was born to help GCs “do more with less”. Legal Operations (or “Legal Ops”) is a multi-disciplinary function that optimises the delivery of legal services. The goal of Legal Ops is to eliminate the barriers that prevent in-house lawyers from getting things done through the use of technology or new processes, while keeping a keen eye on costs. […]
What is Legal Operations? If you are part of a legal department, you are probably already dealing with Legal Operations, whether or not you know it as such. To answer the question” What is Legal Operations?”, it’s important to make a distinction between the two things legal departments focus on. The first is legal work like providing legal advice, managing litigation and/or performing contract review. The second is the strategic prioritisation of work, resource management, technology management, ensuring alignment with the companies’ goals, and so on. The latter is Legal Operations.
Could you benefit from a better understanding of Legal Project Management? Legal project management is no easy task. Not only does it require meticulous budget and cost controlling, but project managers also need to be able to mitigate risks that could cause the project to fail – be it a contract, merger or acquisition, or a case. Project management is the application of generally recognized knowledge, skills, tools, and techniques to meet project requirements and achieve project objectives. Whether projects are managed in-house or shared with outside counsel, a basic understanding of legal project management can help you manage project risk, especially when the stakes are high! […]
As legal counsel, staying on top of corporate housekeeping can be your biggest challenge, especially when it comes to entity management. As the central point for managing corporate records, company structure, compliance and risk across multiply entities, you want to be accurate and thorough in all that you do. And this can be hard if your info is spread across various spreadsheets and databases, as they simply weren’t built for such a task. So if you find your current system for managing corporate housekeeping for your company and it’s subsidiaries a little fragmented to say the least, then Claudia Jacobs, Privacy & Legal Officer at Vebego, can surely relate.
Legal departments are under increased pressure to operate like any other business unit, controlling costs and providing value that affects the bottom line. To accomplish this, legal departments, and increasingly legal operations professionals, are keen to adopt new technologies to increase efficiency and operate more strategically, including those that use Artificial Intelligence (AI). While AI promises to help legal professionals, aside from creating a lot of hype, its capabilities (and limitations) are not fully understood by the legal community, especially for in-house legal counsel. […]
Legal Operations need a standard way to assess the cyber-security of third party vendors, including law firms & technology providers, that according to CLOC. In a post-conference report by CLOC (Corporate Legal Operations Consortium), it was noted that legal operations’ knowledge of cyber-security is typically limited. They emphasised that when talking about corporate legal operations and cyber-security, it’s not only about data housed in the company itself, but also data that travels to third parties, such as external law firms.