Collaboration is a critical aspect of any modern Legal function.

Collaboration when implemented is a structured and coherent way is a great way to lower the burden on Legal Teams and increase deal flow, knowledge sharing and communications.

Collaboration can take multiple forms, from instant communication systems (informal - communication based), to robust "deal-room" type set-ups (formal - Data exchange geared).

It can also take place within the Legal department (especially useful in geographically dispersed teams), between the Law department and outside counsel and between the Legal team and Business users.