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Leading Law Departments
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Extend your search beyond job boards. For in-house counsel looking for a new job, here are a couple of suggestions for how best to broaden your search. 'If you're looking for a job, your first step may be to peruse job boards. While it's a tried-and-true method, a growing number of jobs are "hidden," as more companies move to employee referrals and professional networks for sourcing qualified candidates more quickly, according to a study by Jobvite.'
Click here for the full text from InhouseBlog.
Create SMART goals to set service levels. Legal ops can accumulate and analyze the data needed to define and monitor so-called SMART goals. 'Once an organization prioritizes business needs, it can identify desired service levels and express them in the form of SMART goals that are Specific, Measurable, Achievable, Realistic, and Timebound.'
Click here for the full text from Elevate.
Contract repository vs. contract management system. The difference boils down to storage versus storage plus retrieval. 'A contract repository is any place you store all your legal agreements. Dropbox, OneDrive, Google Drive, Sharepoint and even Salesforce can serve as a contract repository. And, so long as all your agreements are stored in a clean format like a Microsoft Word document or a fully indexed Adobe PDF, you can even search that repository to find a specific contract pretty easily. Assuming, of course, that you've done a good job with your file-naming conventions. And that you've designed a good folder structure, so browsing for content is also intuitive.'
Click here for the full text from LinkSquares.
A stiff financial incentive to automate DSAR reviews. Here are the teeth that will bite law departments which are slow to automate DSAR retrieval. 'Without technology, conducting a DSAR review is a time-consuming, complex task and despite the impact of Covid-19, organisations are still expected to complete a request within 30 days or face a fine of up to 4% of the company's annual global turnover.'
Click here for the full text from Luminance.
Facing massive litigation requests, automation speeds responsiveness. Perhaps no company faces as many slip and fall cases or other kinds of commodity litigation as Walmart, but at least it sought advanced software to assist it. 'For example, Walmart estimated that their adoption of AI-powered legal technology reduced the time required for routine tasks related to litigation by 60 to 80%. AI-backed automation reduced the time required to create documents such as answers to litigation and discovery requests to only two minutes, giving their lawyers more time to focus on strategy instead of completing menial, repetitive tasks.
In addition to dramatically enhanced speed, AI's natural language processing capabilities provide augmented accuracy. Our own internal studies show that Evisort can read a 30-page document in just 15 seconds with 95% accuracy. Compare that to the human lawyers who failed to correctly identify up to 75% of relevant documents in this study that pitted an AI algorithm against humans performing manual document review.'
Click here for the full text from Evisort.
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Top News
- Unposted In-House Job Opportunities – How To Find Them Inhouse Blog, March 12, 2021
- Measuring The Impact of Legal Operations (via Passle) Elevate Services Blog, March 12, 2021
- LinkSquares Is More Than Just a Contract Repository Linksquares Blog, March 11, 2021
- Demand for Luminance’s AI increases as businesses face surge in Subject Access Requests General Counsel News, March 10, 2021
- Paradigm Shift in Legal Tech: Moving from Contract Lifecycle Management to Contract Intelligence Evisort Blog, March 10, 2021
- CobbleStone Partners With Twilio for Advanced CLM Authentication Cobblestone Software (Exari): Blog, March 8, 2021
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In the News
- Diversity, Equity & Inclusion: Investors Want Data – and Companies Might Be Forced to Provide It CorporateCounsel.net Blog, March 12, 2021
- Podcast Duff and Phelps: Publications, March 12, 2021
- COVID-19 Resource Center Duff and Phelps: Publications, March 12, 2021
- Who's in Charge During a Crisis? The GC Had Better Know Inside Counsel, March 11, 2021
- Lessons from the Trenches: Critical Updates Your Incident Response Plan Needs Inside Counsel, March 11, 2021
- ESG: DOL Won’t Enforce ERISA Plans’ Investment & Voting Limitations CorporateCounsel.net Blog, March 11, 2021
- Corporate ESG: From Policy to Action Inside Counsel, March 10, 2021
- Are Client Reviews Making or Breaking Your Firm? Inside Counsel, March 10, 2021
- Confidential Treatment: Corp Fin Clarifies Guidance for Expiring Orders CorporateCounsel.net Blog, March 10, 2021
- Valuation Duff and Phelps: Publications, March 10, 2021
- Early Bird Registration! Our “Proxy Disclosure & Executive Compensation Conferences” CorporateCounsel.net Blog, March 9, 2021
- SEC Brings Reg FD Enforcement Action! CorporateCounsel.net Blog, March 8, 2021
- Cyber Duff and Phelps: Publications, March 8, 2021
- Cyber Duff and Phelps: Publications, March 8, 2021
- Transfer Pricing Duff and Phelps: Publications, March 8, 2021
- Morae Achieves Platinum Status in the DocuSign Partner Program Morae Global, March 8, 2021
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In the News
- Stanford’s Abstract Idea: A Method for Resolving Haplotype Phase Patently-O - Dennis Crouch, March 13, 2021
- What is the Level of Contribution for Joint Inventorship? Patently-O - Dennis Crouch, March 13, 2021
- Contract lifecycle management for Salesforce Agiloft Blog, March 13, 2021
- COVID-19 + Data Breaches = Nightmare Year for Cybersecurity Exterro Blog, March 12, 2021
- Patent Claims as Elements rather than Boundaries Patently-O - Dennis Crouch, March 12, 2021
- Applicants who are the Obligated Assignee Patently-O - Dennis Crouch, March 12, 2021
- Pivoting from the Pandemic: Hospitals Need to Fix Vulnerabilities, Pursue Opportunities Berkeley Research Group: News, March 12, 2021
- Data Can Inform Wage Policies on COVID-19 Screening Berkeley Research Group: News, March 12, 2021
- Risky Business Berkeley Research Group: News, March 12, 2021
- Measuring The Impact of Legal Operations (via Passle) Elevate Services Blog, March 12, 2021
- How To Maximize Construction Contract Management Cobblestone Software (Exari): Blog, March 12, 2021
- Friday Funnies: Exterro's Meme Series - What is Email? Edition Exterro Blog, March 11, 2021
- Exterro Named One of KMWorld's Top 100 Companies that Matter in Knowledge Management Exterro Blog, March 11, 2021
- LinkSquares Is More Than Just a Contract Repository Linksquares Blog, March 11, 2021
- How to Close Your Biggest Third-Party Contract Loophole Linksquares Blog, March 11, 2021
- Pathway to the 2021 Women Who Build Summit Berkeley Research Group: News, March 11, 2021
- The Evolution of Consumer Class Actions Under the California Invasion of Privacy Act Berkeley Research Group: News, March 11, 2021
- Non-Lawyer Ownership of Law Firms Is Well Past Due (via Passle) Elevate Services Blog, March 11, 2021
- Continued growth in the number of inventors per patent. Patently-O - Dennis Crouch, March 11, 2021
- International Patent Law at the Supreme Court Patently-O - Dennis Crouch, March 11, 2021
- Five Things to Know about Deploying Chronic Care Management in 2021 Berkeley Research Group: News, March 11, 2021
- Conducting eDiscovery during the Pandemic Berkeley Research Group: News, March 11, 2021
- Egregious Delay and Blatant Disregard for Precedent Patently-O - Dennis Crouch, March 10, 2021
- Neapco Vents to Federal Circuit in IPR Loss Patently-O - Dennis Crouch, March 10, 2021
- Corporate Transparency Act: Is It More Bark than Bite? Berkeley Research Group: News, March 10, 2021
- Women in Technology Series – Featuring Kira Curtis Consilio, March 10, 2021
- Key Points to Improve Stronger Business Relationships Parley Pro Blog, March 10, 2021
- Paradigm Shift in Legal Tech: Moving from Contract Lifecycle Management to Contract Intelligence Evisort Blog, March 10, 2021
- Herbert Smith Freehills Unveils New eDiscovery Platform Epiq Systems, March 10, 2021
- Big Market Delusion: Electric Vehicles Berkeley Research Group: News, March 10, 2021
- 8 Hot Tips for Streamlined & Centralized Purchase Management in 2021 Cobblestone Software (Exari): Blog, March 10, 2021
- IPR Joinder Estoppel (Sometimes) Patently-O - Dennis Crouch, March 10, 2021
- How to Perform a "Contract Hunt" for Missing Third-Party Paper Linksquares Blog, March 9, 2021
- Women in Technology Series – Featuring Lisa Feldman Consilio, March 9, 2021
- Paradigm Shift in Legal Tech: Moving from Contract Lifecycle Management to Contract Intelligence Evisort Blog, March 9, 2021
- Consilio Releases 2020 Report on Diversity & Inclusion, Highlighting Current Initiatives and Focus Areas for 2021 Consilio, March 9, 2021
- The Next Generation of Law Students Aren't "Shaped" Anything (via Passle) Elevate Services Blog, March 9, 2021
- Patently-O Bits and Bytes by Juvan Bonni Patently-O - Dennis Crouch, March 9, 2021
- Information Blocking, Interoperability, and Patient Access Berkeley Research Group: News, March 8, 2021
- Make Sure your Patent Application is “DIRECTED TO” a Specific Technological Solution Patently-O - Dennis Crouch, March 8, 2021
- Evaluating and Planning for Unit Consolidation Berkeley Research Group: News, March 8, 2021
- CobbleStone Partners With Twilio for Advanced CLM Authentication Cobblestone Software (Exari): Blog, March 8, 2021
- Celebrating International Women’s Day 2021 Consilio, March 8, 2021
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In the News
- Top challenges facing the new CMS administrator ELM Solutions: Expert Insights, March 13, 2021
- Staying Alert: The Value of Continuous Risk Management for Internal Auditors ELM Solutions: Expert Insights, March 13, 2021
- Apply data analytics easily and efficiently in every audit ELM Solutions: Expert Insights, March 13, 2021
- Future of IT Audit: Assurance Beyond General IT Controls ELM Solutions: Expert Insights, March 13, 2021
- Guide to Barbados Economic Substance Rules ELM Solutions: Expert Insights, March 12, 2021
- In the world of claims processing and COVID-19, reference data management is king ELM Solutions: Expert Insights, March 10, 2021
- Individual Retirement Accounts: Reporting repayments of coronavirus-related distributions ELM Solutions: Expert Insights, March 10, 2021
- Protect your lien portfolio ELM Solutions: Expert Insights, March 10, 2021
- Webinar: CLM 2021 - Keeping it simple for success ELM Solutions: Expert Insights, March 10, 2021
- Is There a Hedge-Fund-Crowding Factor? MSCI Riskmetrics Blog, March 10, 2021
- Are Growth and Value Indexes Still in Style? MSCI Riskmetrics Blog, March 9, 2021
- Imparting clinical judgement leading to sound clinical decision-making and patient advocacy ELM Solutions: Expert Insights, March 9, 2021
- CECL Compliance – there’s no time like today to prepare! ELM Solutions: Expert Insights, March 9, 2021
- Australia’s CoBRA tool and next generation clinical auditing ELM Solutions: Expert Insights, March 8, 2021
- Is my RCM mature enough? ELM Solutions: Expert Insights, March 8, 2021
- Criminal liability transfer in an M&A deal ELM Solutions: Expert Insights, March 8, 2021
- New eBook: Insights and recommendations into CLD maturity ELM Solutions: Expert Insights, March 8, 2021
- Closing your business? Corporation or LLC dissolution requires proper filings ELM Solutions: Expert Insights, March 8, 2021
- Women on Boards: The Hidden Environmental Connection? MSCI Riskmetrics Blog, March 8, 2021
- Multistate Sales Tax on Cannabis ELM Solutions: Expert Insights, March 8, 2021
- Multistate Sales Tax State Rates ELM Solutions: Expert Insights, March 8, 2021
- Historical Income Tax Rates ELM Solutions: Expert Insights, March 8, 2021
- Finding a Tax-friendly State for Retirement ELM Solutions: Expert Insights, March 8, 2021
- Historical Capital Gains Rates ELM Solutions: Expert Insights, March 8, 2021
- State Taxation of Retirement, Pension, and Social Security Income ELM Solutions: Expert Insights, March 8, 2021
- Consolidated Appropriations Act, 2021 Changes Impacting 2020 Tax Returns ELM Solutions: Expert Insights, March 8, 2021
- Tax Relief from Congress and the IRS Relating to Natural Disasters and National Emergencies ELM Solutions: Expert Insights, March 8, 2021
- Limited Liability Company (LLC) glossary ELM Solutions: Expert Insights, March 8, 2021
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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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