Lex Connect Curated Reading List
Fear not, we have curated the best Legal Operations & Legal Technology blog and articles.
Enjoy your 30 minutes power reading.
Fortune 500 CEOs and CFOs today often augment their legal teams with a legal procurement professional to help reduce their organization’s legal spend. This is an effort to end “free rein.” Double and triple digit spending increases are the instigator. After decades of exemption from standard corporate cost savings action, there is a lot of work to do for legal procurement.
Today an employee from a London company can wirelessly send emails to customers in New York from a Parisian café using cloud servers located in Dallas, Amsterdam and Berlin. The low cost of electronic storage coupled with the high speed of global communication networks makes it increasingly unlikely that a corporation’s data is stored within the geographic borders of the United States (U.S.). Electronically stored information (ESI) stored outside the U.S. presents a number of obstacles, in addition to the “normal” challenges regarding the collection, processing and production of eDiscovery.
According to the Altman Weil Flash Survey “Law Firms in Transition 2014,” 41.3% of the law firms surveyed (including 42% of the 350 largest US law firms) reported that training in Project Management (“PM”) is key to increased efficiency in legal service delivery.
Robot law discussions on recent advances in artificial intelligence and how it could affect legal work in future.
Various countries and their compliance-enforcing agencies request that companies have “adequate” compliance programs and organizations. One option to determine whether a compliance program and organization is adequate is to compare the company’s own program and organization with the compliance efforts of other companies (industry standard). Nevertheless, the compliance program and organization must address both the company’s particular risk structure and its unique business culture.
Witness the preservation of archaic court dress at the highest levels; a time-honoured preference for impenetrable language; and – particularly in top-tier firms – a rigid business model that is now being challenged from within the sector.
When you are considering such long spans of time, you naturally expect massive changes. Now that life is speeding up, however, we are experiencing massive changes over a much shorter period of time. Take, for example, the changes that have occurred since “dinosaurs roamed the web.” A recent article by Jamie Carter, The internet is everywhere – but where has the web gone‘ summarizes the sweep of these changes nicely.
A valued legal department will be actively and early engaged by the business on a wide variety of topics.