Amid rising complexity and constrained resources, legal teams are adopting new frameworks that unify oversight, improve insights and unlock institutional knowledge.
Continue Reading Reengineering the Legal Data Layer for Control, Scale, and Insight
In this interview with Corporate Counsel Business Journal, Mark Nastasi, founder and VP of contract management company CobbleStone Software, discusses the evolution of cost-effective and user-friendly contract and procurement management software applications and continuous innovation in Contract Lifecycle Management.Continue Reading Technology Solutions for Corporate Law Departments
In this interview with Corporate Counsel Business Journal, Melanie Shafer, vice president of customer success and professional services with SimpleLegal, an Onit company, discusses the risks and opportunities corporate law departments face when purchasing software.Continue Reading Trust, Not Tech: Why In-house Teams Are Reluctant Software Buyers
In this piece from Corporate Counsel Business Journal, Herman Raspé, a partner at Patterson Bellknap and chair of the World Services Group Board of Directors, discusses a wide range of topics, including the “technologization” of the legal profession. One hurdle he sees is money. “When I look at how law firm budgets have evolved over time, budgets tend to be based on: What did we do in the past? How did we cover our expenses, fixed, variable, etc.? While technology was certainly increasingly a large line item, I think it will need to be a much more significant line item,” Raspé says. The second challenge I have observed—within my firm, within WSG and in my personal life – is the more we get used to technology, the less patience we have it. It has to work immediately. It has to work all the time.” There is, however, a path forward: “Embrace it! Technologization of the profession is a wonderful thing,” he continues. “Daunting at times, but wonderful. I have enjoyed looking and experiencing and experimenting with new, technology-enhanced ways of building relationships with clients, building relationships within the WSG network, with other lawyers, and with other firms. Legal communication does
Continue Reading Embrace Technologization
In the latest edition of Harvard Business Review, the leaders of McKinsey’s technology practice get down to the tricky but serious business of “separating real innovation from hot air.” That’s the difference between a big win and a costly flop. Klemens Hjartar, a senior McKinsey partner who co-chairs the tech practice globally, believes game-changers such as AI, 5G and cloud are hitting mass adoption tipping points. At the risk of missing the boat, he writes, corporate boards need to prioritize budgets for upgrading IT. “These aren’t the sexiest investments, but automating processes, investing in data foundations, cleaning up tech debt, and continually renewing the IT architecture are needed for the business to have a chance of taking full advantage of the new technologies coming online,” he writes. William Forrest, global lead for McKinsey’s cloud practice, sees this as a ripe time to make bold bets. “Right now,” he writes, “companies have a can’t-miss opportunity to ramp up their cloud ambitions: as tech companies limit head-count and eliminate programs, top talent — not just the bottom 20% performers —are coming on the job market, While many of them are being snapped up quickly, companies should think through how to move quickly
Continue Reading Whither Tech?
In this piece from Corporate Counsel Business Journal, Dave Parks, VP of Marketing with Contract Logix, worries that the economic slowdown will hamper organizations already struggling to do more with less and optimize their investments in areas such as contract lifecycle management.
Continue Reading First, Ask These Questions About Contracts
In this piece from the Law Society Gazette of England and Wales, Mike McGlinchey, head of client consulting at Pinsent Masons Vario, Glasgow, discusses legal tech in a very practical way – when is tech the answer, when not – noting that the growth of tech is sprouting new problems.
Continue Reading When Tech, What Tech, Why Tech?
As many worked from home, accelerated by the pandemic and technology, it has been particularly difficult to avoid a growing threat posed by employees who have utilized private E-message platforms to conduct company business.
Continue Reading What’s Up with WhatsApp? Out of Control Business Communications
What does it take to have a modern law approach to practice? Read on to find out.
Continue Reading Use Emerging Technology to Advance Strategic Imperatives
Melissa Tatham, the Vice President of Marketing for Zapproved, has helped grow Zapproved into a leading cloud-based software provider for corporate legal teams. Melissa discusses a hybrid approach to In-House E-Discovery, making the case at your organization for E-Discovery Software, and what to look for in E-Discovery software.
Continue Reading How to Make the Case for E-Discovery Software