A Technology-Based Approach to Future-Proofing your Legal Department
Legal departments are always looking for ways to limit risk for their organisations. When a legal department itself is not prepared for changes in economic or regulatory circumstances, it could be courting real disaster. Members of the general counsel’s team who fail to implement effective compliance, collaboration, and case management technologies and procedures are insufficiently prepared to reduce organisational risk.
GCs and their staff must stay abreast of applicable rules and regulations, as the risks associated with noncompliance are significant. Proper planning can mitigate the threat of statutory fines and legal sanctions, along with the resulting loss of shareholder value.
Advanced information governance, risk, and compliance technologies enable users to:
Avoid hefty fines by ensuring compliance with the latest data protection regulations and other applicable data privacy laws;
Mitigate data risk in the event of a breach; and
Conduct early data assessment for litigation-based needs.
Data governance practices and policies affect teams across multiple disciplines within an organization. Each department should be involved in a collaborative planning process to evaluate and discuss enterprise-level solutions.
Secure file sharing and collaboration solutions:
Expedite and ensure the safety of documents exchanged both internally and with third parties;
Increase the speed of project completion through improved information retrieval; and
Function more effectively than a standard document management system (DMS) in terms of search capability and smart workflow.
The tracking of project-specific communications, assignments, and tasks provides for more efficient resource planning and increased quality control throughout the life cycle of a matter.
Powerful project and case management platforms:
Optimize resources assigned in a matter or case, allowing users to commence new cases without needing to hire additional resources;
Empower decision-makers to evaluate processes and devise strategy via real-time monitoring dashboards; and
Enable hassle-free litigation hold management.
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