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.
What is Compliance 2.0? It's compliance officers untethered from the general counsel, working directly with C-Suiters, and participating in many of the company's most important business decisions. Let's turn now to a few other myths about compliance officers that have no place in our Compliance 2.0 world.
Corporate law departments under pressure to cut costs may be the main driver behind a revolution in the provision of legal services, but when it comes to innovation they may be hamstrung by their own lack of budgets to pull it off themselves. A recent white paper issued by legal technology company Mitratech Holdings Inc. called “Embracing disruption: Six innovations moving legal departments up the value chain,” cited six innovations where the best-run legal departments capitalize on.
New law options are on the menu for most legal departments if a plethora of surveys are to be believed, says ex-general counsel Tim Bratton of Lawyers on Demand. Another day, another research survey. Last month saw the publication of Winmark's annual Looking Glass report, headlined *exciting fanfare* "The Future of the Legal Sector". It's easy to be cynical about these surveys. They make bold predictions, no-one ever monitors if they turn out to be right, we're told the profession is changing and that if we all make technology work a bit better then the lawyers can go home and leave everything to an army of robots programmed by Professor Susskind.
Our hapless in-house lawyers had enjoyed many years of relatively good times. They never got all the funds or headcount they wanted or felt they reasonably needed to do the work of a law department, but they weren’t starving. Law department budgets grew larger, headcounts increased, and the legal industry enjoyed a peaceful existence. But nothing lasts, and those hapless in-house attorneys reached the point when the story turned dark and stormy.
The personal computer revolution started by the Hacker elite in the 1970s has completely transformed the world. From a historical perspective our current computer-based culture is a relative new-born. The first generation of hackers born in the fifties, epitomized by Steve Jobs and Steve Wozniak, have succeeded beyond everyone’s wildest dreams. They have quickly changed our world into an information based society.
No matter what technology brings, in-house counsel will continue to be essential to the organization. This is because in-house lawyers are always needed to synthesize information, to add judgment, insight, and wisdom. Dictionary.com explains that the “goal of legal counsel should be to minimize the need to reach out to outside legal resources.” While this definition is a simple one, I think most business people hold similar views of what in-house counsel does. So, is this really all that an in-house counsel does? We know in-house counsel long ago shed the image that they just managed the distribution of files to outside counsel, largely in a reactive, secondary role.