Sign up for more with a complimentary subscription to Today’s General Counsel magazine.
Can Technology Be a Business and Innovation Enabler for Change-Resistant Legal Departments?
February 2, 2023
Company leaders are reexamining their operational systems to increase agility, resilience, and responsiveness, but true company-wide transformation won’t happen until corporate legal departments adopt technology that integrates with other company systems. With the right technology, general counsel and in-house teams can drive economic value by providing solutions to meet environmental, social, and governance challenges; develop early warning systems for compliance risks; and handle challenges from remote and virtual workforces. Empowering legal teams to become proactive business and innovation enablers requires establishing a single source of data-driven truth and insight, accelerating innovation with real-time collaboration, and facilitating automated legal intake and document generation options. With technology-enabled legal systems, general counsel and in-house teams will have the ability to enhance the value they deliver and gain increased control over and insight into operations. They will be better able to adapt during times of rapid change, remain resilient in the face of unexpected events, and meet the evolving demands of the modern business world.
Share this post: