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.