In an era dominated by technological advancements, the legal industry has not been immune to the allure of artificial intelligence (AI) and automation. Proponents of AI in legal operations often herald its potential to revolutionize the profession, promising increased efficiency, accuracy, and cost-effectiveness. While AI undoubtedly offers numerous benefits, it is essential to recognize its limitations and acknowledge that technology alone will not solve all the complex issues inherent in legal operations. Read this article to learn more.
In an era where digital transformation is a necessity rather than a luxury, legal departments, regardless of size, are no exception. As the Paralegal for a brand accelerator of next-generation fashion brands, I've had the unique experience of steering our small legal department into the digital age of automation. Our journey has been both challenging and triumphant, filled with valuable lessons and significant milestones. Read more here.
There are times when you can be right and times when you can get what we want, but achieving both isn’t always a given. The reality is that legal operations professionals can communicate clearly and correctly to their GC, stakeholders, and team members but still not yield the results they aim for. Read this article that shares three persuasive writing tips to inspire action!
For this month's ACC Legal Ops Observer feature article, ACC acquired insights from Laurie David-Henric on demonstrating the law department strategic value.
The journey from Delegation of Authority (DOA) to Contract Lifecycle Management System (CLM) is about marrying effective governance with technological solutions. By doing so, organizations can ensure not only a swift and reliable contract approval process but also adaptability to changing requirements over time.
While low-code and no-code workflow automation technology solutions are not new, 2023 has brought a distinct shift in legal departments embracing workflow automation. Hyperion Research, an Epiq Company, undertook a benchmarking study revealing that 71% of respondents planned to invest in a workflow automation (WFA) tool in the next 12-18 months either as a first-time investment or to replace an existing WFA tool. Read more here.
In today's complex business landscape, collaboration between in-house legal departments and external counsel is crucial. Law firms are an extension of a legal team and provide substantive expertise unavailable on the team and support on high-volume, high-risk matters requiring additional expertise. Read this article for key strategies that can help corporate in-house legal departments develop robust partnerships with their external counsel.
This ACC Guide, sponsored by Blank Rome LLP, provides in-house counsel with an overview of commercial insurance issues that may arise in the United States.
By December 1, 2023, all companies listed on the NYSE or Nasdaq must adopt clawback policies that comply with listing standards mandated by the SEC (the SEC Clawback Rules). This requirement to adopt new compliant clawback policies applies to all US-listed companies, including listed foreign private issuers (FPIs). Latham & Watkins attorneys have prepared this FAQ to offer practical advice for listed companies implementing compliant policies.
Legal Operations professionals know that a significant key to their success is rooted in stakeholder buy-in. Conference after conference, seminar after seminar, we speak *around* what it means to be in-house legal connected to the broader enterprise. We avoid topical change management and stakeholder engagement but never truly get to the underlying subject that takes this from influencer jargon theory to actionable tactics. We cannot all rely solely on our dynamic personalities and winning smiles to woo our coworkers: How do we turn the abstract of interpersonal influence into a real, functional relationship that benefits all involved? Read this article to find out.