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Lex Connect Curated Reading List July 17, 2017

     
       
     
 
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With the overwhelming volume of content available online, it is easy to
overlook quality articles containing the valuable information you need.

Fear not, we have curated the best legal operations and technology
articles currently available for your convenience.

Sit back, relax and enjoy your 30 minutes of power reading!

To receive the Lex Connect Curated Reading List directly into your mailbox, click subscribe.

 
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Buying Legal Counsel - RFP Process for Managing and Sourcing Legal Matters

Legal Procurement is unlike 99% of Procurement in other, non-legal industries. Lawyers (sell-side) and legal departments (buy-side) often have long-standing relationships that are not easy to quantify or put into a scoring matrix. Legal issues can often be very niche and complex, requiring specialist or expert skill sets. These issues were at the forefront of my mind when I had the chance to listen to the recent Buying Legal Counsel call on unique processes for sourcing legal matters.


 
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General Data Protection Regulation (GDPR) Requirements, Deadlines and Facts

GDPR is a regulation that requires businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states. And non-compliance could cost companies dearly. Here’s what every company that does business in Europe needs to know about GDPR.


 
 
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Why Investors Should be Wary of Firms That Don't Take Data Governance Seriously

When stock picking, investors look at a combination of factors: technical and fundamental analysis, expected dividends, corporate governance, rumours, to name but a few. But in the digital economy, data has very quickly become an asset class investors must consider. Observe the top ten companies in the world by market capitalisation, from Facebook to Alphabet and most in between, their greatest asset is data.


 
 
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The Future is Now: Innovations in the Legal Industry

As organizations demand more from their legal teams, in-house counsel can look to innovative technologies to help them become more productive. Many of these tools focus on removing menial, time-consuming work so counsel can focus on higher-value judgment tasks and spend resources more effectively.


 
 
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Zen and the Art of Multilingual eDiscovery

eDiscovery is tough in English. Adding foreign language increases the difficulty and complexity by magnitudes. This paper offers guidance on three key challenges of multilingual eDiscovery: logistics, linguistics and culture. By understanding how these areas come into play on multilingual legal matters, global working groups can better equip themselves with the people, processes and tools necessary for successful execution.


 
 
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15 Hot Knowledge Management Trends for 2017

A business is, in essence, a vast collection of knowledge and information. It's what's behind the creation of benchmark products and services, and it exists as a web of insights and ideas shared by staff. It's in your documentation—your manuals, guidelines, lists, databases, memos, and files. And it's also in the minds of your team members, as the expertise you need to capture to enhance your business. Knowledge is power, and when properly harnessed, it fuels a successful company.


 
 
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Why the Modern Business Needs a Reliable Document Management System

Organizations operate in a competitive, customer oriented world and need to be able to respond quickly and accurately to consumer inquiries. A key to being able to aptly service your customers is being highly organized and efficiently structured.

Document management and administration tasks are often undervalued, but here we take you through the value and absolute necessity of a well organized document management system, or DMS.


 
 
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The Best Line of Defence

Kroll’s latest annual ‘Anti-Bribery and Corruption Benchmarking Report’ revealed a marked upshift in the importance of reputational risk. In this year’s survey, reputational concern has now become the top reason third parties fail to meet an organisation’s standards, overtaking dealing with sanctioned entities, involvement in opaque corporate structures, and exposure to politically exposed persons.


 
 
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What is an E-Discovery Professional?

In a legal sense, discovery is exactly what it sounds like. Both parties to a lawsuit are permitted to discover information regarding the case. If Paul Plaintiff is suing Dan Defendant in a civil suit, Paul might have records in his possession upon which he's based his complaint against Dan. Dan wants to know what those records are. He doesn't want to take Paul's word for it about what they say. He wants to see them himself, and he's entitled to by law. 


 
 
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Artificial Lawyer Is 1 Year Old: The New Era of Legal AI

So much has happened, so much legal tech innovation has taken place, so many inspiring people have come forward as AI pioneers. And because of this the legal world is a little different today, though far greater changes are to come.


 
 
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‘Doing AI’: What Legal Should Remember About Big Data

The term AI may be exploited in legal in present, but AI technology can be part of a revolutionary future—if there are some fundamental shifts, says Aditya Prakash, CIO at Yerra Solutions.

“Big Data” was the big thing in legal a few years ago. We all remember the major hype. The fact was that Big Data in legal usually equates to a “pretty large” data set. It also usually has just a single dimension (costs). Truly, it is an insult to genome scientists to use the term Big Data when referring to legal data.


 
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Lex Connect Curated Reading List June 30, 2017

     
       
     
 
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With the overwhelming volume of content available online, it is easy to
overlook quality articles containing the valuable information you need.

Fear not, we have curated the best legal operations and technology
articles currently available for your convenience.

Sit back, relax and enjoy your 30 minutes of power reading!
 
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ELTA Conference Takeaways

“AI in legal is just like sex in school – everyone is excited about it but no one has actually done it.”

This quote from Artem Goldman, co-founder and CEO of Visabot, seems like a good catch-phrase to start our review of the first annual conference of the European Legal Tech Association (ELTA) in Berlin. This is not because sex sells, but because it might be true.


 
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The Evolving Role Of The Global GC

Globalization has dramatically changed the role of the general counsel over the past few decades. At present, the global GC often has a seat at the management table, is seen as a trusted partner to the C-suite and board, and is increasingly responsible for enhancing the business, financial, and risk management strategies of a corporation and the integrity of its operations. 


 
 
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2017 Corporate Counsel Handbook

As part of our continuing effort to provide assistance to those Chief Legal Officers — whether working as General Counsel, Head of Legal, or some other title — we are pleased to announce the publication of the 2017 Corporate Counsel Handbook. For this year's Handbook, we invited leading senior in-house attorneys across Central and Eastern Europe to share their advice, instructions, and recommendations with their peers. 


 
 
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International Data Summit: Can Data Be Used For Social Good?

A focal point of the Irish Government’s International Data Summit in Dublin will be how data can be used for social good.

​It will bring together thought leaders from across the sector to discuss the social, technical and ethical issues that arise in the digitised world, especially trust and privacy.


 
 
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IT Priorities 2017 Survey: Compliance Initiatives In Full Throttle

Findings from the TechTarget IT Priorities 2017 survey found that regulations remain top of mind for the majority of compliance professionals. Among the slice of respondents who reported working in compliance and corporate governance, nearly two-thirds reported that their organizations plan to implement compliance initiatives this year.  


 
 
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The Potential Of eDiscovery In Fortifying The Legal Sector 

The onset of eDiscovery has fostered a remarkable transformation, in the legal sector ushering it to new heights.


 
 
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The Legal Aspects Behind Artificial Intelligence

There should be no doubt that AI can and will dramatically change the way legal services are delivered. Will it happen overnight? Probably not. But does it have the ability to drastically reduce the number of hours spent (and costs associated with) trawling through hundreds of documents to summarise or review for relevance? Absolutely.


 
 
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Technology Is Overpowering the Very Human Profession of Law

Sometimes it is important just to stand still for a second, look at the nature of what the legal profession is supposed to be and then look at where and how technology has advanced the legal profession—or not advanced it. Clearly, since 1993 or 1994 forward, technology has radically changed the way law is practiced. 


 
 
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Global Risk, Wrapped In Complexity For Many Companies

Enterprise risk used to be viewed conventionally as those risks that were essentially well-established for a company operating in a particular industry.  The approach to corporate governance, as a result, was relatively parochial with the boards overseeing “governance” at a very high level, while management made sure that there were basic functions overseeing well-known risk areas. 


 
 
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Investment in UK lawtech start-ups tops £16m, reveals report by Thomson Reuters and Legal Geek

The report, which tracks and analyses fast-growing start-ups in the legal technology space across the UK, says that while the market is still at an embryonic stage, the value of investment in the sector shows encouraging levels of backing by venture capital firms, angel investors and players in the legal services market.


 
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Lex Connect Curated Reading List June 15, 2017

     
       
     
 
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Full Image
 
With the overwhelming volume of content available online, it is easy to
overlook quality articles containing the valuable information you need.

Fear not, we have curated the best legal operations and technology
articles currently available for your convenience.

Sit back, relax and enjoy your 30 minutes of power reading!
 
Full Image
 
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Yerra Conference Europe 2017

11 Oct. 2017 | Glaziers Hall, London
 
Calling all in-house practitioners!

Unravel Complexity: Practical knowledge for legal & IP, eDiscovery and Compliance


 
 
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Yerra Conference APAC 2017

12 Sept. 2017 | National Museum, Singapore

Calling all in-house practitioners!

Unravel Complexity: Practical knowledge for legal & IP, eDiscovery and Compliance


 
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How to Find the Silver Lining in the EU’s Looming General Data Protection Regulation Penalties

With less than a year remaining until the European Union’s new General Data Protection Regulation kicks in, the level of hyperventilation in the business world has reached epic proportions. It’s always good to be prepared, but excessive handwringing at this point does little good and may obscure the positive impacts of GDPR in driving corporate security awareness, according to one expert.


 
 
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Company Legal Teams Combine Digital Skills with Law

Some industries are feeling the pressure more acutely than others. The top four in-house teams in this year’s Financial Times Asia-Pacific Innovative Lawyers report are drawn from financial services and ecommerce businesses where technology is having a dramatic impact.


 
 
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New Report Finds Corporate Legal Departments are Awash in Work and Concerned about Costs

Corporate legal departments are busier than ever, which has led to an increase in work for in-house attorneys and outside counsel. As for where that work went, nearly half of the responding legal departments increased their outside counsel ranks while only 28 percent hired more in-house attorneys.


 
 
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Why Enterprises Should Extend eComms Compliance and eDiscovery Defences

Many enterprise electronic communications (eComms) applications offer an attractive proposition to businesses by delivering lower costs, more features and access to newer desktop apps. But while they might be extremely effective business tools, often they don’t provide the functionality required to meet the compliance and eDiscovery needs for organisations today.


 
 
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Three Corporate Legal Ops Paths, One Goal: Tackling eDiscovery Spend

As ever more information becomes digitized, and new data sources like social media enter the equation, legal departments face ballooning e-discovery costs. While some companies have mitigated these rising expenditures by bringing e-discovery in-house, they still are faced with further reigning in this spend to meet stagnating or shrinking budgets.


 
 
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Future Financial Crime Risks: Considering the financial crime challenges faced by UK banks

British banks are on the front line in the battle against financial crime. Both the nature of their business and regulatory design have positioned them as the first line of defence against money laundering, terrorism funding, and an expanding array of other illicit activities.


 
 
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Finding Customer Data Is Big Hurdle To Meeting GDPR Right To Erasure

Global organisations do not know where customer data is stored and use unreliable data removal methods to erase content, a study shows.

Locating customer data is likely to be the biggest challenge to fulfilling personal data erasure requests under the EU’s General Data Protection Regulation (GDPR).


 
 
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Pharma's eCTD Problems Have e-Discovery Solutions

To learn more about the “electronic common technical document” standard (eCTD), the processes behind it, and how e-discovery know-how can simplify its completion, we sat down with Michael Sarlo, vice president of e-discovery and digital forensics at HAYSTACKID. Here’s what we learned.


 
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Lex Connect Curated Reading List June 1, 2017

 

     
       
     
 
Full Image
Full Image
 
With the overwhelming volume of content available online, it is easy to
overlook quality articles containing the valuable information you need.

Fear not, we have curated the best legal operations and technology
articles currently available for your convenience.

Sit back, relax and enjoy your 30 minutes of power reading!
 
Full Image
 
yd2

Yerra’s Own GDPR Journey (Phase 1)

Hi! I'm Tobias, Yerra's Legal Director. As a responsible professional, I want to remain informed about what is discussed in the communities around me. As you have probably noticed, a scary ghost called GDPR has been taking over these conversations. It has become almost impossible to refresh my LinkedIn feed without finding a new article about how tough the implementation of this new European Regulation will be on companies all around the globe.


 
 
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Lexpo 2017 - All AI, All the Time

This year was Yerra’s first time attending Lexpo. The Legal Innovation event is packed with top quality speakers and topics. We met some fantastic people and learnt much from the subjects on offer. The event had a large leaning towards the impact AI has had and will have on the legal industry. Here are our top takeaways.


 
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A.I. Is Doing Legal Work. But It Won’t Replace Lawyers, Yet.

Impressive advances in artificial intelligence technology tailored for legal work have led some lawyers to worry that their profession may be Silicon Valley’s next victim.

​In other words, like it or not, a robot is not about to replace your lawyer. At least, not anytime soon.


 
 
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Legal Operations Takeover: CLOC Institute 2017

CLOC, and the growth and validation of legal operations, or legal ops, is one of the most significant trends affecting the legal industry. Legal operations is a position inside the majority of Fortune 500 companies, separate from in-house counsel, whose role is to ensure that the legal department functions more like a business.


 
 
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Global eDiscovery Market To Show $15.50 Billion By 2020

Zion Market Research has published a new report. According to the report, global demand for eDiscovery Market was valued at USD 6.25 billion in 2014 and is expected to generate revenue of USD 15.50 billion by end of 2020, growing at a CAGR of over 15% between 2015 and 2020.


 
 
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GCs Must Step Up To Become Mini-CEOs Or Risk Existential Failure

General counsel must increasingly become mini-CEOs of their legal organisations, building their departments in the same way as CEOs build companies in order to address the exponential changes these challenges are bringing to the profession, according to Pearson general counsel Bjarne Tellmann. 


 
 
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eDiscovery Industry Consolidation - Impacts to the Customer

The majority of business people understand that most new industries consolidate as they mature. I will attempt to provide some historical context and explain who wins and who loses when an industry consolidates. My ultimate focus will be placed on the consolidations occurring in the e Discovery industry and how customers are being impacted.


 
 
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Cybersecurity: Are You the Gazelle At The Back of the Herd?

In response to the headline breaches plaguing organizations across the globe, there have been numerous solutions and recommendations that have gained popularity in the fight to combat cyber-crime. 


 
 
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The WannaCry Attack: A Wake-up Call for Organizational Information Governance?

The sort of ransom ware attack experts have warned about for years has happened. Now organizations need to examine their security postures.


 
 
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Global Legal Services Market Valued At Nearly $600 Billion

The trend for large scale mergers in the global market shows little sign of slowing down. Large legal firms are competing to become international and strengthen themselves across multiple markets rather than just their domestic market.


 
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Lex Connect Curated Reading List     Web Version
     
 
Full Image
Full Image
 
With the overwhelming volume of content available online, it is easy to
overlook quality articles containing the valuable information you need.

Fear not, we have curated the best legal operations and technology
articles currently available for your convenience.

Sit back, relax and enjoy your 30 minutes of power reading!
 
Full Image
 
yd2

Yerra’s Own GDPR Journey (Phase 1)

Hi! I'm Tobias, Yerra's Legal Director. As a responsible professional, I want to remain informed about what is discussed in the communities around me. As you have probably noticed, a scary ghost called GDPR has been taking over these conversations. It has become almost impossible to refresh my LinkedIn feed without finding a new article about how tough the implementation of this new European Regulation will be on companies all around the globe.


 
 
yd2

Lexpo 2017 - All AI, All the Time

This year was Yerra’s first time attending Lexpo. The Legal Innovation event is packed with top quality speakers and topics. We met some fantastic people and learnt much from the subjects on offer. The event had a large leaning towards the impact AI has had and will have on the legal industry. Here are our top takeaways.


 
Full Image
 
yd2

A.I. Is Doing Legal Work. But It Won’t Replace Lawyers, Yet.

Impressive advances in artificial intelligence technology tailored for legal work have led some lawyers to worry that their profession may be Silicon Valley’s next victim.

​In other words, like it or not, a robot is not about to replace your lawyer. At least, not anytime soon.


 
 
yd2

Legal Operations Takeover: CLOC Institute 2017

CLOC, and the growth and validation of legal operations, or legal ops, is one of the most significant trends affecting the legal industry. Legal operations is a position inside the majority of Fortune 500 companies, separate from in-house counsel, whose role is to ensure that the legal department functions more like a business.


 
 
yd2

Global eDiscovery Market To Show $15.50 Billion By 2020

Zion Market Research has published a new report. According to the report, global demand for eDiscovery Market was valued at USD 6.25 billion in 2014 and is expected to generate revenue of USD 15.50 billion by end of 2020, growing at a CAGR of over 15% between 2015 and 2020.


 
 
yd2

GCs Must Step Up To Become Mini-CEOs Or Risk Existential Failure

General counsel must increasingly become mini-CEOs of their legal organisations, building their departments in the same way as CEOs build companies in order to address the exponential changes these challenges are bringing to the profession, according to Pearson general counsel Bjarne Tellmann. 


 
 
yd2

eDiscovery Industry Consolidation - Impacts to the Customer

The majority of business people understand that most new industries consolidate as they mature. I will attempt to provide some historical context and explain who wins and who loses when an industry consolidates. My ultimate focus will be placed on the consolidations occurring in the e Discovery industry and how customers are being impacted.


 
 
yd2

Cybersecurity: Are You the Gazelle At The Back of the Herd?

In response to the headline breaches plaguing organizations across the globe, there have been numerous solutions and recommendations that have gained popularity in the fight to combat cyber-crime. 


 
 
yd2

The WannaCry Attack: A Wake-up Call for Organizational Information Governance?

The sort of ransom ware attack experts have warned about for years has happened. Now organizations need to examine their security postures.


 
 
yd2

Global Legal Services Market Valued At Nearly $600 Billion

The trend for large scale mergers in the global market shows little sign of slowing down. Large legal firms are competing to become international and strengthen themselves across multiple markets rather than just their domestic market.


 
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