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It's no secret that legal departments are under ever-increasing pressure to run like the businesses they serve. Spend discipline, operational reporting and metrics and generally doing more with less are now well-established norms in legal practice, and even terms like return on investment, once reserved for the business world, are now frequent topics of conversation among legal practitioners feeling the heat to modernize their departments.
Thankfully, in addition to developing a better understanding of how to unbundle business processes from the practice of law over the last several years, legal stakeholders are now being treated to technology solutions that are light-years ahead of what the market was offering relatively recently. But there is a catch: Failed software implementations are common, and driving the adoption of new technology is notoriously difficult. Where can a legal function leader get help when new headcount is hard to come by and digital transformation is no longer an option, but a mandate?
In response to growing needs, there are now more than 200 legal software solutions designed specifically for law firms and corporate legal departments, including but not limited to e-discovery, matter management, compliance, legal entity management, contract management and legal spend analysis. There are even more tools that simply provide the business process automation that can be advantageous to legal departments. These tools are either designed for specific tasks or processes or are platform-based end-to-end solutions for legal operations.
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