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The Key to ELM Success Is Creating A Great User Experience
The tasks involved in managing legal, risk and compliance functions aren't simple: Keeping up with a changing regulatory landscape; collaborating with outside counsel; ensuring the best value in vendor relationships; showing senior management the contribution of the legal team; demonstrating continuing improvements in regulatory compliance; and keeping it all in line with corporate goals. Legal and compliance teams are responsible for these and many other tasks that are both very important and extremely complex. But when all of this takes place with the support of a comprehensive Enterprise Legal Management (ELM) solution with a well-designed and holistic user experience, it can all be executed with confidence and efficiency.
Implementing an ELM technology platform is about solving problems. It involves confronting classic friction points such as isolated information silos, inefficient reporting, and the resulting process gaps. In the course of addressing such issues, there is an important perspective that, surprisingly, is sometimes overlooked: the user experience. Any successful enterprise-scale solution must act as a single, secure and collaborative framework supporting legal, risk and compliance activities in ways that help reach the client's goals and provide a positive user experience (UX).
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.