Companies handle an enormous number of documents nowadays. Whatever their activity sector is, their legal, human resources, sales and, in general, almost all departments manage a large contract, template and report amount. Document automation is a solution that makes it possible to deal with this chaos of paper that takes up folders and folders. It is a technological solution that also helps companies to leap digitalisation and provides them with great flexibility.
Topics: Legal industry trends, Legal industry, Contract management, Legal technology, Robotic process automation, digital transformation, digital documents, Document management, Digital Business, software
At Bigle Legal we want to conquer the European legaltech market and we have just taken a solid step on that path thanks to a new investment round of two million euros. Led by Adara Ventures and ICF Venture Tech II, the round will allow us to increase our team size to add even more talent to our ship of Biglers.
What are legal operations?
Legal operations are the essence of every corporation. The legal industry is evolving with increased demand for legal services that continue to be trending in any form of business. It is responsible for producing efficient plans for in-house legal teams and enhances their work proficiency with better decision strategies. The set of activities are much broader comprising intra- and inter-functional collaboration, innovative legal solutions to the clients, managing financial matters, technology, vendor management, data analysis to maximize the effective delivery of legal services. CLOC's model is based on twelve core competencies that are divided into 3 layers, specifically foundational, advanced, and mature level competencies. In other words, legal operations have turned down the concept of in-house legal from "cost center" to "value-creator".
Efficiently managing the "contract life cycle" can be a headache for many corporations. That is it is important to have a contract lifecycle management strategy in place.
Not only are we in the digital era, but we’re also in the era that brings awareness to our planet. Reducing emissions and the use of fossil fuels, we are learning more and more about ways to reduce our carbon footprint. Let alone how the COVID19 pandemic has helped this reduction.
In the era of digitalization, you can witness how advanced technology is transforming the way businesses operate. Even those that refuse to accept the changes will be forced to support the innovation in order to stay competitive. Major professions are embracing automation as it brings them more free time as well as higher ROI.
When it comes to the legal professional, working remotely has not always been his best suit. But with the unfortunate crisis of Covid-19, even law firms, notaries, real estate agents and legal service providers are being forced to operate remotely.
Technology and software is a wise choice here, but how can you do it without being overwhelmed by all those remote-friendly tools you are using?