Businesses can be severely affected by data breaches, especially if there is a lack of compliance with data protection laws. More than half of the income of organisations with considerable compliance concerns is lost due to data breaches than those with less compliance difficulties. Despite this, just 59% of chief legal officers have a “full … Read more
In the EY Law Survey of 2021, the top strategy for “substantial or very significant cost reduction prospects” was a “greater use of technology.” Using cutting-edge legal software increases efficiency, minimises human errors, and aids busy legal operations teams in their various responsibilities—especially legal spend management. Corporate legal departments can save money by using a … Read more
We live in a technologically evolved world where we no longer need to go to different locations in order to complete our tasks. If you want to order anything, it’s fantastic since there are e-commerce websites that can assist you with your purchase. If you want assistance with a medical prescription, you may take use … Read more
According to CLOC’s State of the Industry Report, establishing a formal diversity and inclusion (D&I) programme rose from the fifth-ranked legal department priority in 2020 to the first in 2021. Recent progressive social movements and data on the business benefits of a diverse workplace have prompted companies to take action in the legal industry and … Read more
The modern general counsel’s mantra is “business leader, lawyer second.” To be the best in the business, a general counsel must be both a lawyer and a strategic business analyst, working hand in hand with the company’s other departments. A major shift in the role of GCs in strategic risk management and cost control was … Read more
Legal data analytics are objective data points that legal teams may utilise to make strategic decisions. According to CLOC’s 2021 State of the Industry study, 84 percent of respondents claimed one of their key tasks was handling “data analytics.” However, just 43% classified their talents in this area as “advanced” or “leading.” The value of … Read more