Issue link: https://epubs.iltanet.org/i/13683
Top Five Benefits of Legal Enterprise Management: • Connect the dots: Modular applications that each deliver high individual value can work together to produce a leveraged effect, allowing you to base your decision-making on information from your entire enterprise. • Control work: Shared information and insights across your in-house legal department create the connections that drive more informed decisions. • Understand costs: By tying together your e-discovery, legal spend and matter management solutions, you have the ability to see the litigation costs, the operational costs and the outside counsel costs together both in real time and against historical data. This gives you unprecedented insight and control over your legal spend. • Control costs: Once you can see your costs, you have a basis for reducing them. By integrating e-discovery, legal spend and matter management, you have a unified view that empowers you to manage it more effectively, with a clear view of costs across the legal enterprise. • Collaborate more effectively: Exchange information and manage workflows among both internal colleagues and external counsel with unsurpassed speed and ease. Transcend departmental boundaries with processes that promote seamless collaboration. ILTA whether to settle or take the suit further. Perhaps they can negotiate an alternative fee arrangement with their primary outside firm to ensure they stay within budget while still moving forward. This information — previously disparate — is now consolidated in a way that it can be brought to bear on the case at hand, giving a new level of control for in-house legal departments. LEGAL ENTERPRISE MANAGEMENT: THE NEW LEVEL OF CONTROL As more general counsel see the real-time benefits of reducing costs while decreasing risks through the bridging of disparate information, they will continue to expand their risk management and cost-saving initiatives by reviewing contextual information in new ways, leading them to effectively manage the outcomes of their legal processes. Legal enterprise management equips corporate legal teams with integrated information that incorporates historical and real-time litigation trends, spend and e-discovery data as they execute their litigation strategies. While each of these solutions delivers high individual value, leveraging them in unison allows general counsels and their in-house teams to base decision-making on information from the entire enterprise. General counsels will have a new level of performance that provides the power to effectively control all aspects of their legal enterprise. ILTA Podcast: click here to listen as Andy Adkins, President of Adkins Consulting Group, talks with Monica Bay, Editor of Law Technology News, about case/matter management systems and a recent survey. 38 Case/Matter Management ILTA White Paper