Today's in-house lawyers must have multifaceted knowledge, have continuous training and, in addition, have knowledge of legal tech for the proper management of the company's legal operations. Given the critical importance of legal operations to business, inefficient management of legal operations leads to companies losing up to 9% of their annual profits, according to studies such as that of World Commerce and Contracting.
The verb telework has become synonymous with many positive aspects since Covid-19 made working from home commonplace overnight. As well as saving money for the employee - who most often benefits from a teleworking allowance- teleworking brings benefits to companies if it is aligned with their ESG (Environmental, Social and Corporate Governance) philosophy and is a magnet for attracting talent. However, it is worth bearing in mind that being at home consumes the most energy, so pay attention to some tips to make teleworking 100% efficient.
Modernising tools and work processes is essential to achieving sustainability in companies from all kinds of sectors
Energy costs make headlines at a time of crisis on the European continent. All eyes are on the price of electricity and the kilowatt is a unit of measurement to which we have had to become more accustomed than we would have liked.
The return to the office is here, but CLM technology ensures it doesn't become a stressful process.
Those long-awaited holidays have finally arrived. But, just as they arrived, they are coming to an end. The return to the office is already underway, and, in many cases, it comes with a corresponding ration of stress. To make a smooth transition from a period of total disconnection to a period of hustle, and avoid a painful return to school, find out which practical tips will allow you to return to the office at 100%, with a special mention to CLM technology.
Legal ticketing gives the legal department full control over the requests it receives and multiplies its benefits when combined with an appropriate CLM
Legal departments receive hundreds of requests by email, through messaging services such as Teams, Google Meet or Zoom, or verbally. Due to this manual process, lawyers have serious trouble identifying the status of each request, who it comes from or when it is due. Legal ticketing is an indispensable method for channelling and organizing all these requests: learn about its keys and why CLM technology is the most advisable to implement this system in your legal department.
75% of lawyers struggle to cope with their daily tasks, something that is changing thanks to technology and proper project management.
Project management is a concept that is becoming increasingly important in legal teams, where managing projects is usually a complicated task. With 75% of in-house lawyers struggling to cope with their day-to-day tasks, managing people, resources and time in the legal department is becoming increasingly necessary.
CLM’s technology addresses the contractual risk associated with legal documents and brings real control to companies' law departments.
Legal documents are part of everyday business life. So is the contractual risk associated with them. Contracts serve to formalise, record and move towards multiple objectives, so working with them is a very delicate task and neglecting them or paying little attention to them becomes a very dangerous trend for organisations. Contractual risk exists at every stage of contracts, but organisations can anticipate and mitigate it through Contract Lifecycle Management (CLM) technology.
Agility and security are synonymous with eSignature, a versatile solution for legal departments that is just part of the possibilities offered by legal technology
The digital signature is one of the most useful tools in the drafting of legal documents, due to its agility and security. However, it is only the conclusion of the contractual process. It is the endpoint, the denouement of a much broader procedure.
CLM software makes legal operations of companies no longer inefficient and avoids leaks, lawsuits or fines of millions of dollars
The legal departments of companies have a very high workload which, at the slightest peak of activity, forces them to suffer endless working days and a list of dozens of unopened emails. Although lawyers are used to working under this kind of pressure, and even though we know that lawyers are made of special stuff, it is inevitable to lose control over the processes that are managed on a day to day basis.
An in-house lawyer is tasked with preparing a contract with one of his company's suppliers. He accesses the corporation's document management software, fills in a form and, in a matter of minutes, the contract is ready. He sends it, via the platform, to the other party involved. Then he approves their comments directly on the document, and send it back to be digitally signed. Signed and ready, in record time!