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Unlike other business departments, legal departments have traditionally not busied themselves with tracking graphs, charts and metrics on their department's performance. This has been changing in recent years as the complexity of running a legal department and the scrutiny legal departments are under from the executive level has increased. The question then becomes, what metrics are the most valuable to manage a legal department and show its value to stakeholders in the company?
In speaking with a lot of legal departments over the years, we've found that many have false preconceptions, especially about technology.
In this whitepaper we reveal the top 10 legal department technology myths and why they're busted.
During tight economic times, all university departments must justify their existence in a measurable way, and legal departments are no different. However, legal departments at academic institutions, both large and small, often find it difficult to adopt the financial and other controls that are necessary to manage spending and results, as well as control risk.
In many academic institutions, the problem of managing legal spending is often complicated by the fact that there are multiple lawyers and non-lawyers managing legal work sprinkled throughout the organisation, including areas such as athletics, human resources, medical facilities, and technology transfer. It is not uncommon for a new GC to take months to figure out what was spent by the institution on legal work during the most recent year, without being fully confident that it has all been found. And academic law departments may be chronically understaffed, further contributing to the lack of financial and management controls.
There is increasing pressure for legal departments to understand and track the legal work being done by outside counsel, while successfully managing legal costs and maintaining compliance. As the scope and volume of legal issues that companies have to deal with has grown, legal departments are finding it increasingly necessary to employ project management techniques and software for e-billing, matter management and reporting to track issues and help control their legal spend.
In this whitepaper we explore how GCs are tackling these problems and their experiences, including:
- Gaining visibility into legal work
- Improving legal department efficiency
- Getting value from your legal spend
- Regulatory controls
- Contract and document management
General Counsels can often find it hard to enact change in legal departments, the process is rarely simple and lawyers are notoriously late adopters when it comes to change. In this whitepaper we highlight the key steps to engage and communicate with your department in a meaningful way, define your goals and measure your performance, create a framework to identify changes to make and manage a successful change in your legal department.
- Driving transformation in your legal department
- Engage and communicate
- Assess the legal department
- Making the change
Browse our collection of free whitepapers and client testimonials to see what challenges other Corporate Lawyers face.
Top 10 Metrics a Legal Department Should be Tracking
Legal departments have traditionally not busied themselves with tracking their department's performance. This has been changing as the complexity of running a legal department has increased.
Download this free whitepaper to see what metrics Corporate Lawyers consider to be the most valuable to manage a legal department.
Top 10 Legal Department Technology Myths Busted
In speaking with many legal departments over the years, we've found that many have preconceptions, especially about technology, that are simply wrong.
Download this whitepaper to explore several of these myths and why they're busted.
11 Ways to Improve Operational Controls in a University Department
During tight economic times, all university departments must justify their existence in a measurable way, and legal departments are no different.
Download this whitepaper to see how large organisations such as universities control their costs.
Savvy GC's run their legal departments like a business
As the scope and volume of legal issues that companies have to deal with has grown, legal departments are finding it increasingly necessary to employ project management techniques and software to track issues and help control their legal spend.
Learn how GCs proactively manage their legal work, spend and documents.
Transform your legal department in six months
The process of change is never simple, however by engaging and communicating with your team, defining goals and measuring your performance you can successfully manage change in your legal department.
Read this whitepaper for some keys steps to transforming your legal department.
More legal work is moving In-house
In-house legal departments are under increased pressure to do more work in-house, proactively manage legal spend and make changes to drive greater efficiency with their processes. These new challenges are creating a "new normal" for legal departments everywhere and technology is playing an ever increasing role in how legal departments deal with these changes.
Download this infographic and take a look at the common challenges legal departments are facing and the different strategies they are employing to tackle them.
Tracker helps Nielsen keep costs under controlCustomer Story
Legal Tracker provides Nielsen with invaluable information about how other law departments operate and what law firms are charging.
"I've never had a question from anybody, anywhere about the value of Legal Tracker to Nielsen"
Chief Legal Officer
Nielsen Holdings N.V.
Amazon.com client testimonial
International Success Story: Amazon.com Manages worldwide legal spending with Legal Tracker.
"Legal Tracker handles the complexities of international ebilling seamlessly. It would be difficult to centrally manage all of our legal spend worldwide without it."
Legal Invoicing and Operations Coordinator
SunPower achieved 507% ROI in the first two years of using Legal Tracker
SunPower has increased visibility into spending and budget data and automated approval routes resulting in law firms being paid more quickly.
During the second year of using Legal Tracker, SunPower achieved a ROI of more than five times the system cost.
Find out how Legal Tracker can assist your legal department.Request a Demo