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A Practical Primer on Enterprise Legal Management

By Jason Parkman
February 29, 2016

During the past 30 years, corporate legal departments made the move from paper case files, word processing documents, and Excel spreadsheets to what is now the industry standard: enterprise legal management (ELM). ELM solutions enable efficient and cost-effective control of matters, documents, contracts and outside legal counsel. As a result, the function of legal departments has shifted from primarily managing legal matters and costs to acting as revenue generators that provide information and analytics valuable to the entire company. This article offers a primer about the primary components of ELM, its cost savings, its benefits, and the relationship between corporate IT and legal departments.

Components

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