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The professionals within corporate legal departments (CLDs) might be the living embodiment of knowledge workers: people whose main capital is knowledge and whose line of work requires them to “think for a living.”

Like a variety of other organizations centered around knowledge workers, CLDs are under pressure to find a way to work more efficiently, innovate faster, and get the most from their employees’ expertise. To get that edge and stay ahead, every resource counts – but in too many organizations, knowledge remains a valuable, yet untapped, asset.

There are several reasons why.

First among these is the challenge of simply finding documents. Knowledge workers report they spend an inordinate amount of time searching for specific pieces of content that are scattered and siloed across multiple systems. The information stored in documents holds tremendous potential, but that potential can’t be activated if workers are too overwhelmed to make the most of information spread between disparate sources, or don’t even know where to look.

Another key factor impacting the ability of organizations to truly tap into their knowledge is the remote workforce transformation that has taken place in the wake of the COVID-19 pandemic. Upwork estimates that by 2025, 36.2 million…
Continue Reading Tapping into Your Knowledge Assets

With the current focus on artificial intelligence (AI) as one of the biggest trends in legal technology, it is not surprising that more companies are now touting the AI capabilities of their bill review solutions. However, building an AI solution is not a simple process. When done right, it results in best-in-class technology that delivers maximum value. When corners are cut, though, or AI is built on lesser data, the result is a solution that cannot maximize the legal department’s ROI.
Continue Reading AI in Legal Bill Review: Finding the Best Among the Rest

Ken Crutchfield, vice president and general manager of legal markets at Wolters Kluwer Legal and Regulatory U.S., discusses the booming legal technology market, including what in-house counsel can do to ensure that they choose the right solutions for their company – now and in the future.
Continue Reading As Legal Tech Surges Forward, Don’t Get Left Behind

According to Gartner’s Hype Cycle for Legal and Compliance, the level of digital maturity for most law departments is shockingly low. Gartner, a leading IT research and advisory company however, goes further and drills down to identify three critical opportunities for senior in-house leaders eager to rectify the situation: establishing (or strengthening) foundational systems of record; enabling core workflows with digital investments (beyond sending emails or excel spreadsheets); and transitioning largely analog risk management methodologies to digital.
Continue Reading Gartner to Law Departments: Begin with Digital Basics

Jonathan Solomon, principal with Fish & Richardson, discusses the state of the cryptocurrency industry – what kinds of technologies his clients are looking to patent, the challenges of obtaining patent protection in this area, and where he sees the industry heading in the future.
Continue Reading Patent Protection for Cryptocurrencies and Blockchain Technology