Transforming Legal into an Organization’s Best Run Department
Economic uncertainty, increased regulatory scrutiny and the rise of Big Data are just a few realities disrupting business as usual. How are innovative corporations managing the legal challenges of a new highly cost-sensitive, minutely examined and digitally connected world? According to Jason Parkman, CEO of Mitratech, the leading provider of Enterprise Legal Management (ELM) solutions, they are turning their legal departments into their organizations’ best-run business units.
In his new White Paper “10 Ways to Transform Your Legal Department,” Parkman provides the blueprint to evolve a legal department from a cost center to a revenue-generating micro-business. Parkman instructs general counsels how to take charge of corporate and legal data through analytics, integrated technology and software, strategic and global thinking, impactful training, and purposeful collaboration among business units. Parkman points out one particular game-changer his company has witnessed recently: Legal departments employing a director of legal operations focused on operational excellence and with an understanding of business, technology and law are achieving increased performance.
Parkman concludes that legal departments function best when lawyers are allowed to practice law rather than become mired in redundant tasks better left to automation.
