A new Litera eBook addresses technology-based solutions to the biggest challenges facing Corporate legal departments today: Aligning themselves with the business to become a business asset rather than a cost center and bottleneck and managing outside counsel spending.
Overcoming those challenges will require plenty of strategic focus and change management skills. Significant shifts in the strategic direction of a traditional law department do not happen overnight or without serious commitment from the C-Suite and legal leadership.
Fortunately, however, technology-based tools enable many of the changes underway in today’s corporate legal practice.
The first challenge, aligning with overall business strategies, is essentially a question of understanding the broader organization’s strategy and priorities and then building systems that ensure that legal units can anticipate legal challenges, understand the business opportunities in the face of potential risks, and then quickly and effectively respond to inquiries from the business. Document technologies and automation are essential tech tools that help in-house legal teams drive that responsiveness.
The challenge of controlling outside legal spending today often boils down to a choice between sending work to outside counsel vs. managing it more cost-effectively in-house. The growing availability and sophistication of document-based technology to support legal processes is helping many corporate legal departments keep more work in-house while improving consistency and bottom lines.
The side benefit of these technological advances is that automation can take routine and manual tasks out of lawyers’ hands, give them more time to “practice at the top of their license,” and allow them to work on strategic and challenging legal issues they were trained for rather than administrative tasks.
Learn more about how in-house legal departments leverage technology by reading the complete eBook, How Technology Can Help Corporate Counsel Meet Today’s Challenges, now available for download.
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