Peer to Peer Magazine

Summer 15

The quarterly publication of the International Legal Technology Association

Issue link: https://epubs.iltanet.org/i/549141

Contents of this Issue

Navigation

Page 51 of 87

WWW.ILTANET.ORG 53 SQL CoreRelate Framework. demonstration. Document Automation and Formatting— could it be that easy? BEC Assemble-It provides the industry's most flexible and innovative document assembly solution for MS Word. BEC LegalBar completes the automation with styles, numbering, table of contents and templates. and that's a competitive differentiator for us against competitors. When we have a consistent process with the best analytics, we will get the best results. We can also compare how different firms perform across analogous matters by severity. This allows us to see which firms get relatively better results for the level of legal spend per case than others. What advice would you give to companies that might not have a team your size, but that want to start a similar journey to move the legal department up the value chain? Brian: Here are three tips for companies that want to create a more value-driven legal department: Hire the Right People: You won't be able to move up the value chain without the right people, which likely means you need to hire at least one person that has deep business, analytics and project management skills. That person might not have ever worked in a legal department before, but that's okay. Be Patient: Moving up the maturity curve won't happen in six months, although there might be a few quick wins that allow you to prove value quickly. This will be an iterative process of looking at your legal data and refining and evolving your capabilities. Ask for Advice: Talk to peers you know and trust in other legal departments to find out what platforms and tools to use. And choose your partners wisely. Tips for Leveraging Legal Departments To Drive a Competitive Advantage • Operate with more foresight than afterthought • Understand that sometimes the best legal defense is a good offense • Optimize legal department spend • Protect intangibles, such as brand reputation • Facilitate decisions by predicting successful business outcomes • View effective legal departments as business partners • Do things better than your competitors 2 3

Articles in this issue

Links on this page

Archives of this issue

view archives of Peer to Peer Magazine - Summer 15