This is the second article in our two-part series on legal operations management. In the first guide, we covered the basics and evolution of legal operations. You can read the first article here. This article will focus on exploring technology’s role in transforming Legal Operations in corporate law departments.
Legal Ops professionals today play a leadership role in optimizing the efficiency and effectiveness of legal departments through strategic planning, process improvement, technology integration, and financial and vendor management.
Key focus areas for the Legal Ops discipline include:
- Incorporating technology to optimize legal department operations and contribute to overall business growth.
- Strengthening legal team efficiency, compliance, and strategic alignment with corporate objectives.
Why Legal Teams Need Legal Ops Technology
Managing a legal matter today involves many moving parts — internal clients, inside counsel, outside counsel, mergers and acquisitions teams, compliance teams, case facts, relevant laws and regulations, and spend management. Collaborating and communicating can pose a significant challenge without implementing technology into the workflow.
Then there’s the data. On average, legal teams review thousands of documents related to legal matters. Today, legal teams need an easier way to organize, access, protect, and share information.
Legal Ops professionals, General Counsels, and their legal teams need an efficient way to find and analyze data for decision-making and measure and improve overall legal department performance.
AI-powered Legal Ops Technology
Today, artificial intelligence and other technologies can significantly streamline legal operations management. These solutions can be classified into two categories: process management and information management.
Read the full article at: https://www.knovos.com/blog/technologies-shaping-legal-operations-legal-ops-guide-2-2/
