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.
Faced with increasing information complexity, changing client demands and shifting market forces, legal professionals are turning to technology to help them achieve better outcomes. However, not all lawyers are doing so at the same pace, and those already leveraging technology have an early adopter advantage, including higher profitability and readiness to take on change, according to findings from the 2019 Future Ready Lawyer Survey from Wolters Kluwer Legal & Regulatory.
For the very first time, Wolters Kluwer, Kalexius and Day One partnered for an event to discuss legal technology and new approaches to drive business success. “The Modern Legal Department: Succeeding with Legal Technology” took place on the 14th of March at Hotel Metropole in Geneva and was attended by in-house counsel who shared their opinions and questions during a two-hour interactive panel debate.