In-house counselors face a variety of challenges in the corporate legal department. Among them is a broad list of factors that influence how the legal department aligns with the organization and contributes as an indispensable business partner. Of foremost value, is creating new or modifying existing business processes that include digital technologies. This modification can create greater efficiencies, streamlined collaboration, faster delivery, and higher productivity. The facets most critical to digital transformation include managing legal spend with outside counsel; automating contracts to improve efficiency; stakeholder collaboration; conforming to compliance and regulatory issues; and data security. While other factors may influence the value that legal brings to the organization, these are at the top of the list to protect the enterprise. What is Digital Transformation? Part of delivering value requires a strategic look at the legal business model with an eye on market factors. The globe is getting smaller, and regulatory issues in regions across the world affect companies at home. To compete, remodel the legal enterprise with advanced technologies. By digitizing the legal department with an integrated solution like CounselLink® contract lifestyle management (CLM) and enterprise legal management (ELM) software, in-house counsel can stay ahead of economic fluctuations; control […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
