Legal Departments Journey Toward Operational Maturity but Still Have Work to Do
How embracing technology will help firms define success metrics
This IDC® White Paper, sponsored by LexisNexis® CounselLink®, explores the feedback received from 15 legal stakeholders from across multiple industries: Where their departments stand now, where they are going, and how they will get there. This in-depth white paper takes a closer look at corporate legal departments’ drive towards modernization and becoming a strategic business partner.
What you hear overall about [the] legal department is that we have been asked to increase the amount of work with the same amount of human resources, in some of the cases even with fewer resources. So, there is an increasing emphasis on productivity and efficiency."
We are bringing technologies to figure out what processes can we automate and what role AI can play in contract review, document review, or other things…We are going to get rid of paper and manual processes… a move toward becoming data driven…”
Less than 50% of respondents use an enterprise legal management (ELM) solution
Legal departments need to completely embrace technology, especially ELM solutions, to get the data-driven insights they will need to compete in an operationalized world.
With more and more responsibility on the shoulders of legal department staff, it’s clear that embracing the right technology in the near future is how best-in-class organizations will define the metrics that prove success.
Download this white paper to see what’s making a difference for organizations that are in pursuit of doing more with less.