Legal demand is growing faster than Legal capacity
In-house lawyers are under increasing pressure to do more with less. Managing a growing demand for legal support in an environment where budgets are flat or shrinking is the harsh reality for many teams we speak with.
There is a major need for legal to be made more accessible to the enterprise. Fortunately, Legal Automation has become sophisticated and specialised, and in-house teams now have the ability to manage risk across the business more effectively than ever.
Here are four examples of Legal Automation that every modern in-house Lawyer should have at their disposal:
1. Digitised approval and execution workflows
Save time and reduce risk by managing legal review, approvals and execution from anywhere, at any time, on any device.
2. A "Request Legal Support" app
Any Lawyer will tell you their inbox is full of Legal support requests coming left, right and centre. New requests, old requests and a whole stack marked URGENT!
It’s all too easy for these requests (and the inevitable follow-up comms) to get lost in the noise.
Digitising legal intake ensures you get all the facts, every time. The best intake systems even integrate seamlessly with your Lawyers’ inboxes, triaging matters to the right Lawyers, boosting their productivity and maintaining a clear audit trail of all support requests.
3. Automated self-service for common contracts
Top GCs are combatting the “more for less” pressure by introducing Legal technology that allows business users to self-serve standard agreements.
In the case of L’Oreal ANZ, this was non-disclosure agreements. By introducing automation, the Legal function was able to empower the business to take on repetitive, low-risk tasks, freeing the legal team for higher-risk, more strategic Legal work.
4. Automated marketing compliance
Reviewing advertising material, requesting trade promotion permits and drafting terms and conditions for trade promotions is all essential but time consuming if managed manually.
Legal automation tools that allow marketers to generate standardised trade promotion T&Cs and self-determine artwork compliance are the transformation tools progressive Legal functions are using to get ahead.
Over to you
Forward-thinking GCs are already leveraging technology to free up their people to focus on more strategic work.
Are you ready to join them?