Chris Williams

In-house legal software has undeniably impacted the way law firms do business. With leading law firms turning to no-code/low-code to hyperdrive in-house legal tech solution development and rapid prototyping, this impact is set to become even more widespread.

with more than 40 years of enterprise legal management experience, technology has helped to improve efficiency, transparency, and analytics. Despite this, legal operations specialists admit that their departments have struggled in this area.

“Technology solutions and level of adoption” was listed as one of the top four COVID-19 vulnerabilities by Gartner. One of the report's findings is "successfully balancing routine workloads with unscheduled workloads."

Much has changed in the short period since then. Corporate legal departments are increasingly adopting or updating in-house legal software.

Budgets for legal technology are increasing. Legal technology expenses will triple by 2025, according to Gartner.

Technology Roadmaps for Legal Software Adoption

Do you know how much corporate legal departments will spend on legal technology?

Nearly 90% of polled general attorneys and CLOs in $1B+ firms cited efficiency as the top reason in selecting when to buy technology (far outweighing cost reduction, which was cited by only 8 percent ).

This is good news for busy lawyers who, according to the poll, frequently handle more than five different business areas.

Most legal operations teams, though, see a broader view. They are proactive in implementing in-house legal software and creating long-term technology roadmaps. Leading law firms turn to no-code platforms to rapidly prototype ideas in their roadmaps and continuously improve them.

In order to serve legal departments of all sizes, the Corporate Legal Operations Consortium (CLOC) was established to assist legal operations professionals and other important corporate legal sector actors. One of CLOC's 12 key strengths in technology, specifically technological roadmaps:

“Develop a clear technology vision that addresses all business demands. Automate laborious operations, digitise physical chores, and improve speed and quality using technology.”

CLOC suggests legal operations to define this procedure. devise and implement long-term technology roadmaps; analyse new vendors; select where to buy and when; and form alliances with corporate IT departments.

Budgeting for Legal Technology Roadmaps

Creating a technology roadmap for in-house legal software is the best method to determine your organization's technology goals and how your budget can support them. Technology roadmaps can accommodate all budgets, allowing legal operations experts to stay on top of technology deployment even as budgets expand.

According to Deloitte's State of Legal Operations Survey,

54% of respondents now have “a clear and actionable legal systems roadmap.” That's up from 39% in 2020.

This demonstrates that firms recognise that understanding where you want to go and how to get there is the best way to progress and flourish.

e-signature, e-billing/matter management, contract management, and document management are among the most common technologies included in such roadmaps, according to CLOC.

Choosing the appropriate in-house legal software can be overwhelming with so many options available today. With so much innovation, you may find a technology solution for almost any budget. Finding an experienced partner who can help you uncover reoccurring pain spots and wish lists and transform them into a technological plan that can help your firm is one option.

Source; In House Legal Software: Aligning Growing Legal Tech Budgets with Roadmaps

Chris Williams

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Overige vergelijkbare profielen

Yazeed Abul-Ata

Bram Dingemans

Jesse Staats

Michael Schmitz

Sebastiaan Sleebos

Wouter Klaase

Mechlien de Kruif

Shelly Booth

Jildou Fleur

Eyad Khamis

Ruben Beijer

Rutger Stout

Ananda van Doorn

Laura Hoogland

Jorre Rienstra

Lammy van Welbergen

Thierry Trampe

Lauren Jan van Doorn

Shimon Ben Ayoun

Anderen hebben Chris Williams genoemd in Nederland

Chris Williams

Chris W.

Chris Williams

Chris Williams

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Become an Entrepreneur Inside a Company

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Thought Leadership Business Models

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