5 Technologies to Implement in Your Legal Department in 2018
In recent years the rise of cloud-based technologies in corporate culture has become undeniable, and by now, it should be clear that legal departments need to take full advantage of technology in order to maximize their productivity and efficiency.
Why? Legal departments generate more documents than perhaps any other company division, many of them containing sensitive or valuable information. However, far too many legal teams still struggle with handling mountains of paperwork and using manual workflows that waste time and create higher costs. These manual processes are not only slow and laborious, but they also reduce visibility and oversight and introduce the potential for error.
The good news is that there are a variety of solutions available. With the advent of cloud computing and SaaS (software as a service), more software providers are flooding the markets than ever before. However, it's not always easy for an organization to determine which of these solutions is the best choice.
In particular, legal counsel must pay special attention to preserving the privacy and confidentiality of their information. Failing to protect company or client data can have catastrophic consequences. Before implementing new technologies, legal departments should be highly selective, conduct extensive research, and do their due diligence.
In order to facilitate the process of choosing the right solutions (especially contract management systems or CLM software), this white paper details a list of the top five types of technologies that legal departments use, and outlines the benefits of implementing them in our legal department.