Above-the-Law published an article “Modern General Counsel: Technology Is A Must” about the 4 must have technology pieces for today’s general counsel. Legal marketer’s who respond to RFPs should take note of these areas to ensure they can highlight in thier RFP responses how they might be able to work with legal departs to help them in these areas.
Industry experts proviced the following quotes about each key area of technology for modern general counsel.
Contract Management System
Every legal department needs a way to automate contracting. “You should consider contract management tools that allow real-time collaboration for contract management systems in a meaningful and easy-to-follow way,”
eBilling & Matter Management
“Matter management and eBilling systems are a great benefit to a legal department and general counsel. Having a source of truth to capture data points for every matter invoice, a law firm essentially allows the general counsel to manage budgets, better manage risk and make hiring decisions.”
Automated Intake & Workflows
“One of the most interesting trends I’m seeing is a move by legal departments towards self-help tools. Thanks to improvements in technology around automated intake, workflows, and even chatbots and RPA (robotic process automation), legal departments can now use easy technology to triage much of the work coming onto their plates.”
Dashboard Reporting
“Dashboard technology is another must for a general counsel. These dashboards are highly configurable and link up seamlessly with Matter Management and Contract Management systems along with analytics and other measurement tools.
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