The legal industry, and the legal function within many businesses, is at an early stage of transformation, as becomes apparent from the study ‘Legal Departments in a Digital Era’ the European Company Lawyers Association (ECLA) conducted in collaboration with Wolters Kluwer. Will the impact of the Covid-19 pandemic on businesses change this?
The Legal Departments in a Digital Era Survey included quantitative interviews with approximately 400 company lawyers from across five European countries: Germany, Netherlands, France, Spain and Belgium to examine how legal departments have progressed in terms of their digital transformation and what the main hurdles are which they are currently facing. The Survey focused on positioning of legal departments in their organisation, priorities in legal departments, digital strategies, organisation & budget and practical experience with legal technology.
As the COVID-19 (coronavirus) situation evolves around the world, more and more businesses, including their legal departments, are working from home. Here are five tips to help legal departments faced with the prospect of working from home to ensure they can stay in control and continue to provide value to the business:
By assessing the level of digital maturity in your legal department, you gain a better understanding of how well it can respond to changes in the digital landscape. There’s a misconception that only large legal departments can become digitally mature because they have sufficient resources and time to devote. However, it’s important for legal departments of all sizes because those that don’t can expect to struggle in an increasingly digital business environment.