The Evolution of Matter and Legal Spend Management By Onit November 17, 2016 Business Process Management,Enterprise Legal Management 2 Minute Read Onit has spent decades studying what’s worked for other legal corporate legal departments to develop enterprise legal management (ELM) solutions that are flexible and easy-to-use. In our eBook, “Matter and Spend Are Just the Beginning: A Guide to the Enterprise Legal Management Paradigm Shift” we outline the evolution of these solutions. Today, ELM systems are in use among 20% of legal departments and that number is expected to rise to 50% by 2020 according to Gartner. As the pace of business increases, legal departments find themselves required to provide a wider range of services with less resources and time. At the same time, data breaches have become more common and the risks associated with them have gone up a great deal. These and other trends conspire to create an environment where robust ELM solutions are required. But do the big players in the field offer solutions that really respond to those needs? Today, companies require in-house counsel to accomplish much of what outside counsel was entrusted with in the past. In decades past, a semiannual process may have been sufficient for the small internal legal staff with a focused set of responsibilities. As internal teams get bigger and the scope of work grows, old processes tracked on Excel spreadsheets or rudimentary databases no longer fulfill the team’s needs. On top of falling short on tracking and data storage, these solutions either do not include process enhancements that are slowly becoming standard or will require a significant ongoing development investiture that a company may not be able to afford to maintain. With 15% of legal teams using homegrown solutions, (on top of a third using none at all and another third claiming they “don’t know,”) the true value of intelligent ELM will continue to become more pronounced as the gap between early adopters and those left behind grows…. Click here to download the eBook and read more. Onit is the industry leader when it comes to Enterprise Legal Management (ELM). Our solutions are flexible, lightweight and easy-to-use. Click here to schedule a demo with one of our ELM experts. Today's Popular Resources Webinar Accelerate Time to Revenue with AI Contract Management Read More Infographic Enterprise Legal Report Infographic – UK Read More Case Study Transforming Service Delivery Case Study Read More Subscribe Today Sign up for updates on new posts from our blog. Related Readings Business Process Management The Need for Speed: 3 Ways Legal Can Elevate Efficiency Read More Enterprise Legal Management The Ultimate Guide For Legal Departments to Directly Influence Business Materiality, Growth and Efficiency Read More Enterprise Legal Management The ROI of Legal Operations: Measuring Success and Demonstrating Value with Legal KPIs Read More Thank you for subscribing!