The Past, Present and Future of Enterprise Legal Management
Posted on October 12, 2016
In our latest eBook, we outline how Onit is transforming the way legal departments drive operational and process improvements.
While traditional enterprise legal management (ELM) systems were built “database-out,” companies today need systems that augment and facilitate engagement, instead of merely providing access and storage. What a business needs today to empower “a better way to work” is a system built from the user perspective with a focus on process.
Technology has come a long way. By expanding our concept of ELM to include more of the day-to-day work that limits legal’s ability to contribute to the bottom line, we can improve process, collaboration and workflow to achieve a higher level of performance that better serves current and evolving business needs. In addition to matter management and spend management, ELM also includes (or rather, should be understood to include):
The Future of ELM
Gartner predicts the adoption of ELM Solutions will increase from 20 to 50% by 2020. While traditional ELM systems require constant IT maintenance and attention, modern ELM solutions are lean and nimble and tend to work in a more straightforward manner. In many cases, users can configure, deploy, and support Onit solutions with no corporate IT involvement. This is because they are designed and built in an intuitive, “no code” environment that can be learned without even the need for a training session.