Legal Industry News: Current News and Trends for Legal Operations Resources, May 2021 By Onit May 6, 2021 AI/ML,Business Process Management 5 Minute Read Welcome to our May run-down of legal operations resources, where we share with you some of the most pertinent and timely articles for industry news. We hope this roundup provides some valuable takeaways. In today’s lineup, we feature insights about how platform technology is transforming legal operations, the benefits of CLM and AI for the Lenovo legal department and new CLOC leadership. #1 How Platform Technologies Enable Enterprise Collaboration For Corporate Legal Departments Legal departments no longer function as black boxes within organizations. Today’s legal department regularly engages in cross-collaboration with all departments across the organization, typically with a high level of transparency. Along with the increase in collaboration has come a greater expectation that legal departments will heighten the level of service they provide and demonstrate the value they bring to the business. Platform technologies are making it possible for legal departments to meet these expectations. Many organizations have replaced stand-alone software and solutions with a platform approach that allows companies to streamline processes across the organization and empowers legal departments to better connect with other departments. The article provides an in-depth discussion of the benefits of platform technology and essential tips on how to pick the right platform. (Source: The Impact Lawyers) #2 What’s Fueling Transformation in Corporate Legal? A Leading Operations Expert Explains. The legal industry is primed for transformation, not unlike that seen in healthcare two decades ago, according to Brad Rogers, SVP of Strategy and Growth for Onit and former Chief Operations Officer and Chief of Staff for Advocacy and Oversight at a Fortune Global 100 company. Leaders in law are now thinking differently about how to drive efficiency, effectiveness and value. The transition – which was happening well before remote working – is accelerating, with new operating models that are built on what he sees as the four major drivers of change in the industry. You can hear Brad discuss these factors in this podcast. (Source: Onit podcast) #3 CLOC, One of the Leading Legal Operations Resources, Welcomes a New President The Corporate Legal Operations Consortium (CLOC) announced a shift in leadership, with Mike Haven assuming the role of President on May 1. Haven has been a board member of CLOC since March 2019. According to Haven, “I will continue to build on our commitment to support the entire legal ecosystem and foster a more diverse, inclusive, efficient and innovative culture.” Haven is currently the Head of Legal Operations and Associate General Counsel for Intel, with prior law and legal ops experience that includes roles at K&L Gates LLP, NetApp and Gap Inc. He has long been active in the CLOC community, advocating for unity in the legal industry to overcome obstacles to progress. As a reminder, the CLOC Global Institute starts on May 10. You can sign up now to join discussions on everything from the state of the industry to advancing the strategic direction of a corporate legal department and beyond. (Source: CLOC) #4 The Future of Contracting: CLM Automation with AI at Lenovo Contract lifecycle management (CLM) software and AI continue to transform legal operations by allowing for faster and more efficient contracting processes – something that can benefit every company out there. The combination of CLM and AI also allows organizations to enhance risk and spend management, improve revenue and profit margins and increase visibility into counterparty relationships. Companies that are looking to reap the benefits of digital transportation can learn from those who have successfully undertaken the transformation journey before them. In a recent webinar for the World Commerce and Contracting Association, the Lenovo Legal Department provides an important touchstone for legal operations resources by describing how they did just that, laying out the crucial factors that led to success and the ability to improve efficiency by 30% with contract AI. (Source: Onit) #5 Law Firm (Mostly) Goes Meeting-Free to Address Fatigue It’s no secret that nearly everyone across the legal industry is suffering from at least some level of burnout after the past year. But what can we do about it? For Dentons, one idea has been to place a pause on meetings for a week to allow employees to either take time off or play catch-up. The no-meetings week, which occurred the last week of April, applies to standing meetings but not to project and client deadlines. It’s not the first time the firm has tried this approach – they had a similar no-meetings week in December 2020. While the larger question remains as to whether the move is enough to combat a year of pandemic-related stress, the pause is an excellent recognition of the past year’s unique demands. (Source: ABA Journal) Get the inside track on legal operations resources and trends, the very best events and helpful content from the legal community by joining Lean Into LegalOps today. The program provides members of the legal community with a forum to share and learn from one another via webinars, debates and weekly catch-up calls. Visit this page to join. Today's Popular Post Business Process Management How Can You Import Contracts to CLM Without Breaking the Bank? Read More Business Process Management The Next Steps for DEI in Legal: A Conversation with JusticeBid Read More Business Process Management The Power of Intelligent CLM: Leveraging AI to Optimize Contract Management Read More Subscribe Today Sign up for updates on new posts from our blog. Related Readings Business Process Management How Can You Import Contracts to CLM Without Breaking the Bank? Read More Business Process Management The Next Steps for DEI in Legal: A Conversation with JusticeBid Read More Business Process Management The Power of Intelligent CLM: Leveraging AI to Optimize Contract Management Read More Thank you for subscribing!