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Analysis

A new era of legal transformation

Taking legal operations to the next level

As in-house lawyers transition to become more strategic business partners, what will the future of corporate legal look like? While that may be different at every organization, legal departments should start forming their vision for the future—and strategies to help get them there.

Forces at work: Trends in legal operations

Today’s CLOs aren’t just responsible for delivering legal advice and adeptly navigating enterprise risk. They also have to provide business-savvy strategic advice and lead highly engaged teams—all while trying to elevate the operational efficiency of the legal department. And over the next three years, 84% of attorneys expect to continue to play an even bigger role in corporate strategy.

So what’s holding legal departments back today? Most CLOs feel their department takes a conservative approach to legal technology adoption, and 60% say recurring tasks and data management constraints keep them from creating value.

A data-driven process can help identify a path forward for a transformation. It can be an important tool for reporting activities and gaining support for making change. It can also help identify ways that legal can collaborate with other areas of the business to gain efficiencies, for instance by leveraging technology that is in use elsewhere in business.

Ashley Smith, managing director, Deloitte Transactions & Business Analytics LLP

Gearing up efficiencies

By leveraging the right resources, aligning work to the right role, and highlighting the value they can bring to the organization, legal departments can be better prepared to realize their legal strategies and manage legal risk for the business:

  • Align work so people with the right skills are performing the right work
  • Shift from reactive to proactive
  • Improve alignment with the organization’s enterprise technology strategy
  • Assess vendor management and manage spend
  • Drive automation and integration to elevate resources to perform more strategic work
  • Identify processes for data governance, reuse, and disposition
  • Understand key performance indicators to help relay a stronger value statement
  • Share knowledge and collaborate effectively within legal and across the business

Exploring the future of legal

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Finding your place on the legal operations maturity curve

Legal transformation is a big concept. Successful evolution requires sustained and intentional progression. But where do you start?

Deloitte can help you assess where your legal department is on the maturity scale with an in-depth analysis of your people, process, and technology. By centralizing and analyzing key data points, you’ll have insights on ways to develop a legal transformation strategy, prioritize opportunities for improvement, and foster adoption with key stakeholders and teams.

Our information-gathering, workshops, and analysis of your legal operations landscape can help you move your legal department along the maturity scale at a pace tailored to your needs. We will present you with insights to help you identify and analyze key operating areas, highlight opportunities for near-term return on investment, and discuss insights into areas of interest for legal strategic objectives.

 

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