The legal services sector is evolving rapidly, challenging law firms and in-house legal departments to keep up with a changing business environment and legislation. To help them, Laga has launched three new offerings as part of its 2020 strategy to become the law firm of the future.
Ensuring timely, global compliance is a significant challenge. Regulatory change is common and sanctions for non-compliance can be severe. Element is a web-enabled application that supports the end-to-end corporate compliance process, offering due date and task tracking, automated project management, and document generation. Whether used in-house or in a partially or fully outsourcing context, Element helps manage complexity and risk, giving control and insight into the corporate compliance process.
Legal Management Consulting / Legal Managed Services
Companies need their legal teams to keep pace with the commercial needs of the business and take on more responsibilities with fewer resources. This creates an unsustainable workload for in-house legal departments. To help general counsels and their teams, Laga, in close cooperation with Risk Advisory and Consulting, developed Legal Management Consulting. This global, multidisciplinary offering enables general counsels to improve their operating models, to outsource certain tasks in a smart way, and to better manage the risks.
With the rapid changes in the legal industry, clients are demanding that law firms work more efficiently. A transformational technology, Legau is a web-based tool that automates the generation of contracts and other legal documents. It dramatically reduces delivery lead times, ensures consistency and quality, and frees up time to focus on added-value services. The tool will gradually be updated and complemented with additional features to address future needs.