The Corporate Legal Operations Consortium (CLOC) states that legal operations is a multi-disciplinary function that optimizes legal services delivery to a business or government entity by focusing on core competencies, which are broken into three levels: foundational, advanced and mature. Regardless of where your legal department stands in relation to these competencies, the session titled …
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Corporate Legal Departments moving more work in-house even as satisfaction with outside counsel value increases
Corporate legal departments are seeing greater value for the legal services they receive from their outside counsel, according to the 2018 State of Corporate Law Departments Report from Thomson Reuters and Acritas. The average satisfaction rating of outside counsel based on value has increased 9 percent over the last five years showing improvements across all …
- February 5, 2018
- Jeff McCoy
#LEIMPF2018 – Strange Bedfellows
Alternative legal services providers (ALSPs) entered the legal market via a frosty reception by many, especially law firms, and have substantially impacted the legal market. But corporate law departments, who also may have been somewhat skeptical, were at least more willing to explore working with these alternative providers to deliver certain legal services at a …
- January 22, 2018
- Jeff McCoy
New Thomson Reuters Legal Tracker LDO Index Finds Billing Guideline Enforcement and Proactive Law Firms Control Costs, Not Fixed Fees and RFPs
Corporate legal departments say their most effective cost controls are enforcement of billing guidelines, reductions on invoice expenses, and working with law firms that pro-actively show their value. At the same time, many legal departments are not using fixed or flat fees, matter budgets, competitive bidding through requests for proposals (RFPs) or reallocation of work …
- October 24, 2017
- Jeff McCoy
ACCAM17 Panel – Key Issues in Negotiating and Drafting Subscription Services Agreements
Technology was a common theme at the Association of Corporate Counsel (ACC) annual meeting, from the opening plenary on blockchain, to sessions on payment fintech and cybersecurity. Technology-related contracting continues to attract significant interest among lawyers, whether it’s utilizing automation or machine learning in the drafting and review processes, or substantive issues that typically arise in …
- October 23, 2017
- Jeff McCoy
ACCAM17 Panel – What Technology Should Your Legal Department Deploy Now?
What is your problem? Maybe the question should be what “are” your problems? At the 2017 Association of Corporation Counsel (ACC) annual meeting, a session focused on helping smaller legal departments look at what, where, when and how to deploy existing technologies to address their pain points. A survey of the attendees prior to …
- October 18, 2017
- Jeff McCoy
ACCAM17 – How much and where does AI fit within compliance and litigation?
“I am not in the business of predicting the future, but in the business of making the future,” said Khalid Al-Kofahi, vice president, Research and Development at Thomson Reuters, as part of a panel at the 2017 Association of Corporate Counsel (ACC) annual meeting discussing artificial intelligence (AI) and its influence in the legal profession. …
- October 17, 2017
- Jeff McCoy
ACCAM17 Panel – The Emerging Law and Public Policy of Self-Driving Cars
Most of us have seen and maybe even envied the use of self-driving cars in movies or television shows ranging from the Batmobile in Batman, Herbie, I, Robot and K.I.T.T. from Knight Rider. At the 2017 Association of Corporate Counsel (ACC) Annual Meeting, one panel took a look the emerging laws and public policy surrounding …
- October 17, 2017
- Jeff McCoy
ACCAM17 Keynote – Blockchain: More Opportunity Than Digital Payments
As traditional models of success are evolving in nearly every sector of industry, Don Tapsoctt, CEO of the Tapscott Group, opened the 2017 Association of Corporate Counsel (ACC) Annual Meeting with a discussion centered on blockchain. Tapscott has authored more than 15 books including Wikinomics: How Mass Collaboration Changes Everything, Paradigm Shift and his most …
- October 16, 2017
- Jeff McCoy
Corporate Legal Department Operations Forum 2017 – Insights from Mark Haddad
Corporate legal departments continue to face pressure surrounding budgets, bandwidth and efficient processes. A panel focusing on that at the Thomson Reuters Corporate Legal Department Operations Forum gathered to discuss the ideas of how to become less of a cost center, a better business partner, leveraging alternative legal service providers and more. Mark Haddad, head …
- October 3, 2017
- Jeff McCoy