In this article, Nathan outlines 5 technology trends that will shape legal operations. One of the key implications here is that technology, if deployed in a pragmatic manner to solve REAL operational challenges, will provide organizational insights that go beyond legal. Finance and business units can leverage the output of data and analytics produced by technology deployed by legal operations to reduce risk, accelerate cycle time, lower cost and even positively impact revenue. Again, the emphasis should be on obtaining insights through pragmatic deployment and use of technology.
The legal operations function, while not new, is in its infancy stage and will see tremendous growth in companies of all sizes over the next decade. As it continues to evolve, These are five industry trends that we see accelerating value for legal operations in organizations.