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.
Investing in legal technology without a plan is a recipe for disaster. Without a definite timeframe, the implementation stage will take longer than expected or not happen at all. An implementation plan can help you roll out the software in a timely and controlled manner. We’ve outlined the 7 steps of implementation for you below:
The legal profession has often been considered to be change resistant when it comes to technology. Yet, many law firms and legal departments tend to prove us wrong and we have the results to prove they are on the right path. In support of this assertion, Wolters Kluwer Legal & Regulatory recently released the 2019 Future Ready Lawyer Survey, conducted independently with 700 legal professionals from law firms, legal departments and business services firms across Europe and the US. This unique survey demonstrated, among other major findings, that technology is already a key enabler of competitive advantage for organisations that are fostering innovative solutions today, and plan to invest even more in the future.
As your legal department deals with an ever-growing amount of data, the systems you use to manage that data also need to integrate the different systems used across the business by different stakeholders. In this post we will explore what data integration is, why it matters and give you some specific examples of how it can help your legal department deliver more value.
As businesses deal with more complexity brought on by legislative and regulatory change in increasingly multi-jurisdictional operations, legal departments must be ready on their side to deal with a rise in claims and litigation. In fact, according to the 2018 Litigation Trends Annual Survey from Norton Rose, more than 25% of businesses surveyed anticipated the volume of disputes will increase over the next year. .