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What ERP Can Teach About ELM Adoption
With its origins in accounting, manufacturing, procurement, maintenance, and human resources, Enterprise Resource Planning (ERP) first emerged in the 1990s as an extension of Material Requirements Planning (MRP). The end game was about integrating company-wide business process and information to provide the insight necessary to manage and benchmark the global enterprise. Following in these same footsteps, Enterprise Legal Management (ELM) holds out the potential to link risk and legal data to enable the global enterprise to proactively mitigate legal risk, streamline the legal process, and make insightful decisions in response to market or regulatory changes. With ELM, the legal function transforms from the traditional role of litigation management to that of trusted business advisor. Drawing comparisons between ERP and the foundation of ELM sheds valuable light on how ELM systems can transform legal, risk, and compliance practices across the enterprise.
In the Footsteps of ERP
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Protecting Innovation in the Cyber World from Patent Trolls
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.