Onit

Oct 20, 2020

4 Core Benefits of the Leading Enterprise Legal Management Solutions

In today’s fast-paced and quickly evolving business environment, corporate counsel and legal department professionals want to work faster, smarter and more efficiently. One of the best ways to do this is by automating manual processes with enterprise legal management solutions.

Manual processes are sneaky. They manage to irritate most knowledge workers but don’t always provoke a full-fledged resistance. The work has to get done, so the processes – which often include manual components – have to be completed as well.

However, the time spent on manual process accumulates drastically during a week. According to this survey, over 40% of workers spend at least 25% of their week on repetitive tasks and nearly 60% say they could save six or more hours a week with automation.

A Modern Approach to Enterprise Legal Management

Modern enterprise legal management solutions are systems of engagement, built on a platform that can easily accommodate new Apps and solutions to handle evolving business process needs. They employ automation, such as the review of documents and assigning tasks, to help law departments better serve their businesses while improving operational efficiency. While they provide valuable matter management and legal spend management, they aren’t limited to those solutions. The one-two punch of a platform combined with automation offers a  foundation for current and future needs, accommodating solutions such as contract lifecycle management, legal holds, Apps and more.

With this in mind, here are four simple, core benefits that an enterprise legal management solution can provide.

  1. Maximize Savings

Process automation with an enterprise legal management solution can cut operating costs by up to 90%, while at least 45% of current paid activities can be automated. It allows you to easily manage, track and analyze legal spend to minimize company risk and exposure. With these tools, legal departments can create visibility into spend and a strategy to manage it going forward.

  1. Increase Efficiency

An enterprise legal management solution drives process improvements in all areas of legal operations. It helps corporate legal realize more efficiency with reduced billing error fees, increases productivity and reduces time spent on matter management. Optimal enterprise legal management solutions are simple to configure, easy to deploy and address complex everyday problems.

  1. Enhance Collaboration

Collaborative tools are proven to have a high impact on businesses, regardless of department size or geographic location – especially now with a rise in remote working. A solution that supports and tracks the multiple contributions often associated with each piece of legal work improves collaboration between internal and external stakeholders. It also encourages greater collaboration across the enterprise, as corporate legal departments automate intake and speed response times with HR, procurement, compliance, marketing and more. Two items offered by modern enterprise legal management solutions enable all of this. First, they provide a consistent and familiar App-based interface, thanks to the platform. Second, a platform that allows unlimited users encourages higher usage and adoption in-house, across departments and with outside counsel.

  1. Simplify Work

With automation, enterprise legal management software streamlines the way lawyers and their legal staff work and get work into the department. It integrates data-driven decision making into standard work processes. It also offers an App-based approach to legal operations that breaks complex tasks into individual, task-based solutions and processes. Both elements simplify work drastically.

If you’re interested in learning more about the benefits of enterprise legal management solutions, here are some helpful resources:

Subscribe

Sign up now for updates on new posts from our blog.