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Leading Law Departments
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A contract buffet (kiosk) by a law department. I like the metric on non-revenue related contracts, and how this department handled contracts. 'For example, after noticing that 30% of the contracts the legal team executed were related to matters that didn't bring any revenue to the organization, the team developed a legal kiosk on their own. The kiosk featured more than 80 different types of contracts that anyone could access, and after answering 10 or 12 auto-generated questions, they would receive a template of the needed contract.' And, they developed the kiosk themselves.
Click here for the full text from Legal Executive Institute's Greg Wirth.
Available benchmarks on risk management practices? I wish the piece had identified any of the benchmark metrics or sources of comparative data. 'She also observed that law firms' access to benchmarking data can help law departments understand what their industry peers are doing around risk management, identify best practices, and successfully apply those practices to their department operations. [The panelists] agreed, lauding the value provided by benchmarking and citing the relative invisibility of industry data to in-house departments and the safety of staying in-step with industry standards.'
Click here for the full text from Legal Executive Institute's David O'Connor.
Speed up M&A due diligence by two-thirds with AI! 'Dealmakers do recognise that new technologies will shorten the time it takes to complete due diligence, what they identified as the most time-consuming phase of the process. In fact, dealmakers in EMEA see new technologies such as AI transforming the M&A process by decreasing the time it takes to perform due diligence. A full 64% believe due diligence will take less than one month by 2025 from the one to three months it takes today. Key to speeding up the process is the use of VDRs [virtual deal rooms].'
Click here for the full text from Datasite's Merlin Piscitelli.
Do in-house patent attorneys discriminate against women inventors? Data from the United States patent office makes you wonder. 'While each year the number of new patent grants is announced, perhaps the patent statistic that has catalyzed the most action recently is the USPTO's groundbreaking Progress and Potential series of reports which, for the first time, officially documented that only 12-13% of American inventors are women, and Director Iancu's leadership and his staff on the issue. This report has prompted conferences and toolkits, and spurred companies to revisit their patent programs and pipelines.'
Click here for the full text from PatentlyO.
Ways to display information about contracts. The term dashboard seems more common, but it's the idea and technique that matter. 'An online report designer interface allows healthcare organizations to configure report layouts to display important information. Online report designers can include various exportation options - including MS Word, spreadsheets, PDFs, rich text, CSV, a myriad of image formats, and more!' The image gives a sense of what a contracts dashboard might look like.
Click here for the full text from Cobblestone Software's Sean Heck.
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Top News
- For MercadoLibre’s GC, the goal of enabling business keeps his legal team focused & innovating Legal Executive Institute: Blog, November 6, 2020
- Understanding & supporting your company’s risk tolerance as in-house counsel Legal Executive Institute: Blog, November 6, 2020
- A Shifting Landscape: Digitalising M&A in EMEA Datasite (Merrill Corporation): Press Releases, November 6, 2020
- Guest post: Advancing Inclusive Innovation and Entrepreneurship through the Patent System Patently-O - Dennis Crouch, November 4, 2020
- Taking on Healthcare Contract Management During the COVID Crisis Cobblestone Software (Exari): Blog, November 4, 2020
PinHawk Microsites
- 16 Ways to Protect Your Organization During COVID-19 Braintrace
- Trickbot/Ryuk Healthcare Attacks Braintrace - Healthcare
- Empowering Lawyer Personalities for Successful Legal Process Improvement Carla Landry - LawVision
- Are You Guilty of These Five Email Faux Pas? Zola Suite
Other PinHawk Comments
- Pay me now or PAY me more later? PinHawk Law Technology - Jeff Brandt, November 4, 2020
- What would you buy? PinHawk Law Technology - Jeff Brandt, November 4, 2020
- Legal Publishing: Open Access, Open Minds, Open Wallets PinHawk Librarian News - John DiGilio, Constance Ard, November 4, 2020
- To err is human but to really foul things up requires a computer PinHawk Law Technology - Jeff Brandt, November 3, 2020
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Contract Management - Office 365
Contract Management on Office365: Epona USA is pleased to announce multiple clients in full production using the Epona Contract Management System for Office365. The system utilizes native Office 365 capabilities including dashboarding, metadata application mapping, workflows and integration with Microsoft Office Outlook to provide a powerful and easy to use Contract Management System.
- 3 Trends in Technology for Legal Departments
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Security Tips from Braintrace
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Remote Workforce Security
Cyber-attackers have always been doing all they can to infiltrate into an organization to access information with many different motivations. In 2020, those instances have drastically increased due to COVID-19, forcing organizations to scramble to get employees set up remotely.
- 16 Ways to Protect Your Organization During COVID-19
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In the News
- Reg S-K Modernization: Corp Fin Issues 3 Transitional FAQs CorporateCounsel.net Blog, November 6, 2020
- For MercadoLibre’s GC, the goal of enabling business keeps his legal team focused & innovating Legal Executive Institute: Blog, November 6, 2020
- Understanding & supporting your company’s risk tolerance as in-house counsel Legal Executive Institute: Blog, November 6, 2020
- Adaptable and Resilient Law Departments Add Value Catalyst Consulting, November 5, 2020
- More on “Board Diversity: Goldman Says No More ‘Boys Club’ IPOs” CorporateCounsel.net Blog, November 5, 2020
- David Larsen and Srividya Gopal to Speak at SVCA’s Portfolio Valuation Workshop Duff and Phelps: Publications, November 5, 2020
- Restructuring Duff and Phelps: Publications, November 4, 2020
- SEC Might Abandon Proposed 13F Amendments CorporateCounsel.net Blog, November 4, 2020
- The more things change… the state of US small law firms in 2020 Legal Executive Institute: Blog, November 4, 2020
- Contract Visibility in Times of Remote Working Inside Counsel, November 3, 2020
- SEC Simplifies Exempt Offering Framework! CorporateCounsel.net Blog, November 3, 2020
- Cyber Duff and Phelps: Publications, November 3, 2020
- M&A Advisory Duff and Phelps: Publications, November 3, 2020
- M&A Advisory Duff and Phelps: Publications, November 3, 2020
- Security Risk Management Duff and Phelps: Publications, November 3, 2020
- ESG: Election Edition CorporateCounsel.net Blog, November 2, 2020
- How to get more than your fair share of client spending Legal Executive Institute: Blog, November 2, 2020
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In the News
- Friday Funnies: Exterro's Meme Series - Is It Over Yet? Edition Exterro Blog, November 6, 2020
- Webcast Series: The Future of Legal Service Delivery and the COVID 19 Impact NL Watson Consulting: Articles, November 6, 2020
- BRG Listed as Leading Firm in Who’s Who Legal Litigation - Expert Witnesses 2020 Berkeley Research Group: News, November 6, 2020
- Petitioning the Government as an Act of Infringement Patently-O - Dennis Crouch, November 6, 2020
- Epiq Expert to Speak on Strafford CLE Webinar on Medicare Compliance Epiq Systems, November 6, 2020
- Live Strafford CLE Webinar: “Medicare in Personal Injury Claim Settlements: Complying With Reporting Requirements and Satisfying Liens” Epiq Systems, November 6, 2020
- A Shifting Landscape: Digitalising M&A in EMEA Datasite (Merrill Corporation): Press Releases, November 6, 2020
- Experience End-to-End Purchase Order Management Cobblestone Software (Exari): Blog, November 6, 2020
- Agiloft goes virtual with 2020 Reseller Partner Summit Agiloft Blog, November 5, 2020
- What Brazil's New Data Protection Law Means for Your Legal Team Linksquares Blog, November 5, 2020
- Mindful Collaboration: 5 Factors to Meet Changing Legal Department Demands Parley Pro Blog, November 5, 2020
- How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success Berkeley Research Group: News, November 5, 2020
- RFP Advisory Group Profiled in AI Global Media RFP Advisory Group: Blog, November 5, 2020
- Charting our LegalTech Future (via Passle) Elevate Services Blog, November 5, 2020
- Abbas Hammoud: The Theory (and Practice) of Relativity at Elevate (via Passle) Elevate Services Blog, November 5, 2020
- Guest post: Advancing Inclusive Innovation and Entrepreneurship through the Patent System Patently-O - Dennis Crouch, November 4, 2020
- Third Party Risk Management: How Better Vendor Management Can Mitigate Privacy Risks Exterro Blog, November 4, 2020
- The Basics of E-Discovery Refresher: E-Discovery Software Exterro Blog, November 4, 2020
- October New Bankruptcy Filings Remain Stagnant Epiq Systems, November 4, 2020
- Doctrine of Equivalents – fluorinated vs non-fluorinated Patently-O - Dennis Crouch, November 4, 2020
- Households ‘Will Lose Out’ in Dogfight over Prices Berkeley Research Group: News, November 4, 2020
- Epiq Provides Risk Identification Solution to Global Consulting Firm, Riskope Epiq Systems, November 4, 2020
- Trump Tries to Block First African Candidate for WTO Chief Berkeley Research Group: News, November 4, 2020
- Taking on Healthcare Contract Management During the COVID Crisis Cobblestone Software (Exari): Blog, November 4, 2020
- Charting our LegalTech Future (via Passle) Elevate Services Blog, November 4, 2020
- CobbleStone Software Blog Recap for October 2020 Cobblestone Software (Exari): Blog, November 3, 2020
- Sanctions for Deleting Pre-Lawsuit Emails Patently-O - Dennis Crouch, November 3, 2020
- BRG Managing Director Appointed to World Bank Role Berkeley Research Group: News, November 3, 2020
- Federal Circuit: No Appeal of IPR Institution Denial, even If Denied for Extra-Statutory Reasons Patently-O - Dennis Crouch, November 2, 2020
- Guest Post: Patent Prosecution Trends Following the Patent Eligibility (101) and 112 Guidelines Patently-O - Dennis Crouch, November 2, 2020
- New Patently-O Law Journal Essay: Parsing the Impact of Alice and the PEG Patently-O - Dennis Crouch, November 2, 2020
- How to Improve Your Procurement Efficiency to Increase Profit? Parley Pro Blog, November 2, 2020
- Signs of Shelfware: Can You Hear Me!? Malbek Blog, November 2, 2020
- RFP Advisory Group Named “Best Legal Counsel Spend Management Consultancy – USA” by AI Global RFP Advisory Group: Blog, November 2, 2020
- ThoughtTrace Announces John Bibeau to Join as Vice President of Real Estate ThoughtTrace Blog, November 2, 2020
- Abbas Hammoud: The Theory (and Practice) of Relativity at Elevate (via Passle) Elevate Services Blog, November 2, 2020
- Patently-O Bits and Bytes by Juvan Bonni Patently-O - Dennis Crouch, November 2, 2020
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In the News
- How law firms can navigate the predicted surge in M&A and transactions in the oil and gas industry ELM Solutions: Expert Insights, November 5, 2020
- International Corporate Entities Choosing the Best Structure for Global Business ELM Solutions: Expert Insights, November 4, 2020
- How technology has evolved global entity management ELM Solutions: Expert Insights, November 4, 2020
- Will Interest Rates Surge? Evidence from Options Markets MSCI Riskmetrics Blog, November 3, 2020
- Building AI-Based Expert Solutions is a Team Sport: OneSumX ProViso ELM Solutions: Expert Insights, November 3, 2020
- OCC okays custody services for cryptocurrencies ELM Solutions: Expert Insights, November 2, 2020
- Partnership between Wolters Kluwer and the Princess Máxima Center impacts real lives ELM Solutions: Expert Insights, November 1, 2020
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| | Rees Morrison, Esq., Editor
Rees Morrison, Esq. is a Senior Manager at EY consulting to law departments on management issues. The views he expresses in Leading Law Departments are his personal views, and are not necessarily the views of EY. |
Follow me on Twitter: @ReesMorrison | Join my LinkedIn group: Law Department Management
Follow all the PinHawk highlights @PinHawkHappens Website: PinHawk.com Blog: PinHawkBlog.com
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