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Trends in Enterprise Legal Management
Editor's Note: The adoption of Enterprise Legal Management is on the rise as legal departments seek to streamline legal processes, analyze risks and reduce legal spend. In this roundtable conversation, Marcus Hartmann, General Counsel, RB (formerly known as Reckitt Benckiser) and Jason Parkman, CEO, Mitratech, discuss trends in enterprise legal management, the tools it provides users, and the increased controls brought to legal departments using this technology.
Q. Enterprise Legal Management (ELM) is defined as integrated Matter Management and e-Billing systems. How critical is an ELM solution to the effective management of a legal department?
A. Hartmann: Effective management of a legal department essentially boils down to using available resources to accomplish the mission, which is providing legal support to the company. Matter management is the first building block to be able to determine what resources are being devoted to various legal tasks the department handles internally. E-billing systems provide management and better understanding of external vendors and advisers. Integrating Matter Management and e-Billing systems allows legal leaders to have a holistic understanding of the entire internal/external legal support effort and the corresponding resources.
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