In-house legal teams are plagued by the lack of data that supports what they are doing and when they are doing it. However, to improve inefficiencies within the department and make the business case for increased headcount, legal teams need data that tracks processes such as contract negotiation. It is based on this data that teams can begin to understand where their time is spent and the value of this work. It is also necessary to do this without increasing the amount of admin work that lawyers themselves must do. Therefore, in-house legal teams have been ingesting data and tracking processes through a ‘Legal Front Door’ as a starting place to begin to understand where efficiency gains can be made.
Technology has the transformative power to improve the efficiency of in-house legal teams allowing lawyers to spend more time on valuable tasks ultimately driving the productivity of the whole team, leveraging AI and automation tools. Technically advanced legal teams have implemented tools to automate processes such as contract management, e-discovery, legal research, compliance-specific tools and even scanning contracts to highlight and suggest improved clauses.
Relationships are important — but data is key when it comes to collaborating with your outside counsel. Join Litify VP of Strategy & Innovation Dov Slansky, for a conversation about selecting and evaluating panel counsel using shared performance metrics and dashboards. With a data-driven approach and integrated technology, you can build better relationships while driving results and cutting costs.
You, the head of legal operations, already know that the legal team should be a core part of the business or that the legal team's work supports the entire organisation and brings value to all departments. However, your internal clients do not always see the legal team in this way, constantly reaffirming them as a cost centre. It is essential to educate internal clients and demonstrate the value the legal team offers them. Some innovative teams have begun using storytelling and data to highlight their value add to the wider organisation. In doing so, they have achieved stakeholder and senior buy-in to new legal team upgrades as their worth is now visible to the wider organisation.
Harnessing the power of AI in your legal department can be a tricky task, especially for legal & compliance professionals looking to adopt new legal technologies but who are unsure where to start. Join this practical, hands-on workshop with a unique template to devise a clear strategy for integrating AI into your legal & compliance operations, focusing on areas that offer the greatest return with manageable risk, and leave with the knowledge to make informed decisions about AI implementations, ensuring you stay competitive in the rapidly evolving legal technology landscape.
Vetting technology suppliers is a key aspect of any legal operations and technology department. However, in a fast-paced, ever-evolving technology and regulatory landscape, it can be difficult to stay up to date and know exactly what you are vetting for. Knowing whether tools will integrate with your enterprise technology, whether they are built with AI at the core or have more recently added AI into their existing tool, and how they will utilise and process your data are all important to know. In order to get this process right the first time, it is imperative to ask the right questions.
Having a panel of law firms that you regularly work with helps increase your bargaining power as the customer and also improves the relationship between both parties. However, in keeping many stakeholders happy both internally and externally it can sometimes be neglected to prioritise the benefits of your own organisation. This session will collaboratively explore how to ensure you are always working effectively with your panel and getting the most out of them every time.