Corporate Attorneys Need to Pay Attention to Advances in Legal Tech. Here’s Why
IT professionals aren’t lawyers — but they still need to know whether or not they’re obeying privacy laws and regulations. Likewise, corporate attorneys may not be tech professionals, but they still need to be aware of the technology that they rely upon for their day-to-day operations. By being knowledgeable about legal tech, corporate attorneys will be able to leverage that technology for improved business outcomes and increased productivity. Here are just three of the benefits that legal technology can provide in-house counsels.
1. Legal Tech Streamlines Processes
Streamlining legal processes improves upon existing business operations in two ways:
1. It both improves the consistency of results
2. It reduces the amount of time that needs to be spent on each individual case
When it comes to processes such as discovery, even in-house attorneys for large corporations may find themselves over-burdened with work. Legal technologies (such as case management software, patent and trademark software, and eDiscovery) will aid corporate attorneys in remaining organized, responsive, and effective, regardless what challenges lie ahead of them. It can even help with collaboration. All of this will helps them keep their work in-house and on budget.
2. Legal Tech Reduces Costs
Legal technologies can also benefit an organization by drastically reducing their costs. Corporate attorneys are often faced with pressure from their enterprise to shave their budget, and all organizations are cost-conscious. Many corporate attorneys need to work with very small in-house teams or even work on their own in order to defend their organization. Legal tech helps by cutting man hours and improving an attorney’s ability to handle projects in-house, thereby cutting the cost of outsourcing certain cases.
If an in-house counsel does need to outsource work, then having an understanding of legal technology can help them ensure that they are paying the right amount for services rendered. For example, if an in-house counsel reviews a bill from a partner firm and notices that they were charged significantly more than anticipated for discovery services, then they could go back and tell their partner “I thought you were using xyz for eDiscovery? Shouldn’t this cost less?”.
3. Legal Tech Helps Win Cases
A corporate attorney is only as good as their outcomes. Regardless of the amount of work done, an enterprise often only sees whether cases are won. Legal technology can help an in-house counsel achieve positive outcomes by allowing them to work smarter rather than harder. This is especially true in areas of corporate law in which attorneys would otherwise be overburdened with mundane or repetitive busy work.
By helping a corporate attorney develop cases without a need for more in-house help, legal technology will also be able to justify the existing budget to the enterprise and potentially even get a budgetary increase for the attorney.
Overall, legal technology is able to make the entire process of defending corporate cases faster and easier. Through legal technology, corporate lawyers will be able to leverage a reduced work force and lean budget to deliver positive legal outcomes for their organization.
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