Category: Company News and Events

This year’s Corporate Legal Operations Institute in Las Vegas once again received its fair share of attention. There were many presentations spanning the four-day event, and reporters from Legaltech News and Corporate Counsel were on site to cover them. We’d like to share a few of the stories that came out of the event (in chronological order of publishing).

• Standardized Legal Security Assessment Should Be Reality, Says CLOC
• When it Comes to Diversity, Female GCs Want More Than Mere ‘Tokenism’ From Outside Firms
• Contracts Are More Than a Document: Finding the Value in Your Data
• #MeToo Comes to CLOC, as Female In-House Leaders Share Their Stories of Workplace Sexism
• Lawyers Continue to Dominate Legal Ops Role, CLOC Study Shows
• In-House Leaders at Starbucks, Northwestern Mutual Share Diversity & Inclusion Tips
• Zero to Hero: Legal Ops Leaders From Gap and Cisco Discuss Starting From Scratch
• Maybe AI Can’t Do Everything, but Corporate Legal’s Still Trying to Adopt
• 5 Steps for Beginners to Implement a Knowledge Management System
• For Better Outside Counsel Relationships, Tell Firms How They’re Being Measured
• How Mature Is Your Legal Department? A Journey in 12 Steps
• Scenes From CLOC: A Look At One of the Year’s Most Important Conferences for Legal Operations
• The Law Firm Disrupted: Just How Fast is the CLOC Ticking?

The CLOC Institute is the largest gathering of corporate legal professionals in the world focused on optimizing the delivery of legal services to businesses. The energized, inclusive and open community they’ve created welcomes industry veterans and newcomers, allowing attendees to create a breadth and depth of connections not available anywhere else. With more than 75 curated educational sessions, provided by industry leaders, the CLOC Institute offers unrivaled opportunities to learn, share, and connect.

Onit is excited to announce that our CEO Eric M. Elfman is a finalist for the Entrepreneur of The Year^® 2018 Award in the Gulf Coast Area! The awards program recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities. Eric was selected as a finalist by a panel of independent judges. Award winners will be announced at a special gala event on June 14th 2018 at the Marriott Marquis Houston.

Now in its 32nd year, the program has expanded to recognize business leaders in more than 145 cities and more than 60 countries throughout the world. Regional award winners are eligible for consideration for the Entrepreneur of The Year National competition. Award winners in several national categories, as well as the Entrepreneur of The Year National Overall Award winner, will be announced at the Entrepreneur Of The Year National Awards gala in Palm Springs, California, on November 17, 2018. The awards are the culminating event of the Strategic Growth Forum^®, the nation’s most prestigious gathering of high-growth, market-leading companies.

Entrepreneur Of The Year^®, founded by EY, is the world’s most prestigious business awards program for entrepreneurs, chosen from an independent panel of judges including entrepreneurs and prominent leaders from business, finance, and the local community. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global awards program of its kind, Entrepreneur of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities and more than 60 countries.

To learn more about Entrepreneur of the Year, click here.

Onit is especially excited about this year’s Annual Corporate Legal Operations Institute in Las Vegas during 22-25 April. Onit’s client TIAA will present a session called, “Process and Technology: Transforming A Law Department to Achieve Legal Department Efficiency.” 

Brad Rogers, Chief Operations Officer and Chief of Staff for Law, Compliance, Government & Regulatory Affairs, and Corporate Secretary at TIAA will be presenting. In this session, you’ll learn how TIAA recognized that there is a revolution underway in the legal industry and saw an opportunity to transform their legal department to drive up value while more effectively deploying both budget and talent. Brad will discuss how they optimized legal services delivery to a Fortune 100 company with millions in legal spend, and the importance of bringing together law department employees and vendor partners from across the world and how a comprehensive technology platform with capabilities rooted in process, workflow and collaboration is changing the way they run their legal business and support their corporate clients. He will also share lessons learned from the selection and implementation process as well as early results from their outside counsel convergence program.

To learn more about this year’s Institute, click here.

We’re pleased to announce that we’ve been featured in the March/April edition of Corporate Counsel Business Journal (CCBJ) with our customer Jaguar Land Rover. We’re especially excited about this article, “Transforming the Legal Department: ELM Solution Puts Information at Everyone’s Fingertips,” as it showcases how we partnered with Jaguar Land Rover (JLR) in providing their enterprise legal management (ELM) solution. The article details how JLR drove change in the legal department with process efficiencies and Onit’s technology to better manage legal operations and legal spend. Readers will also learn:

• Reasons why JLR needed a premier enterprise legal management solution, and why Onit was their partner of choice
• Their successful partnership with Onit in building, testing and deploying e-billing and matter management technology
• How they automated workflows to gain a quick overview of all on-going matters and transactions
• How they effectively leveraged IT business partners early in the process to realize their implementation goals
• Early results from gaining visibility into their legal spend (i.e. operational and financial results)
• Lessons learned from the selection and implementation process

As Anna-Lisa Corrales, General Counsel of JLR puts it, “Onit’s ELM solution was just differently organized than other systems we had seen, and we really liked it because all the information was at our fingertips. And in today’s highly connected world, where information is spread across devices and in the cloud, that is more important than ever.”

To see the full article in CCBJ, click here.

Onit’s CEO and co-founder Eric M. Elfman will serve as a judge for the 2018 Rice University Business Plan Competition. Scheduled for April 5-7, the program is known as the world’s richest and largest graduate-level business plan competition.

This will be the 17th year that Elfman has judged the competition, which is hosted by the Rice Alliance for Technology and Entrepreneurship and the Jesse H. Jones Graduate School of Business. The competition has grown from nine teams competing for $10,000 in prize money in 2001 to 42 teams from around the world competing for more than $1.5 million in cash and prizes. More than 130 past competitors have gone on to successfully launch their businesses, raising in excess of $600 million in funding.

The competition is designed to give collegiate entrepreneurs a real-world experience to fine tune their business plans and elevator pitches to generate funding to successfully commercialize their product. Judges will evaluate the teams as real-world entrepreneurs soliciting start-up funds from early stage investors and venture capital firms. The judges are asked to rank the presentations based on which company they would most likely invest. The participants will experience a diverse program over the course of three-days; with significant time designated for feedback and interaction with the judging panel.

During the competition, the entrepreneurial teams “pitch” both their business plans and visions to the judges. Each presentation is graded by the judges as if they were venture capital investors themselves. The winner of the competition is the business that the judges would most likely invest in based on the quality of the idea, the strength of the management team and the clarity and persuasiveness of the written plan and oral presentation.

To learn more about the competition, click here.