To meet expectations, legal department leaders are turning to technology solutions to help them drive efficiency, generate insights and control costs. These factors are also drivers of legal project management, which aims to improve legal service delivery. This post explores factors that should be taken into consideration vs. critical factors they are likely to overlook during the selection process.
The legal sector is undergoing transformation, driven primarily by the convergence of external trends. Increasing information complexity, client demands, economic forces, emerging technologies and shifting demographics all contribute to changes taking place today, and shaping the future. The Future Ready Lawyer Survey from Wolters Kluwer Legal & Regulatory, identify top five trends legal professionals expect will have the greatest impact over the next three years.
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.