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Experiment to Give In-House Counsel New Trove of Data About Outside Firm Relationships

Source | 2017-07-15T11:49:00+00:00 Jul 11th, 2017|Categories: Post|Tags: , , , , , , , , |

In early 2017, approximately 30 general counsel began working with AdvanceLaw on a GC Thought Leaders Experiment to understand client-law firm relationships, spark discussion, and provide in-house counsel and [...]

3 New Technology Positions Finding a Foothold in Modern Legal

Source | 2017-06-27T00:20:51+00:00 Jun 12th, 2017|Categories: Post|Tags: , , , , , , , , |

Technology’s impact on the legal industry is spurring a growing market for new in-house Talent — and its not just in e-discovery or cybersecurity. At Legalweek West’s “New Roles in IT for Law Firms and Legal Departments,” speakers shed light on several new and less-noticed jobs currently blooming at law firms and legal departments -- innovation officers, data scientists, and Knowledge Management/ Client Solutions Project Analyst (the last one is so 2000 but always important).

What’s Your Data Strategy?

Source | 2017-06-26T21:03:11+00:00 Jun 5th, 2017|Categories: Post|Tags: , , , |

Data is central to any business and the importance of managing it strategically is growing. Companies that have not yet built a data strategy and a strong data-management function need to catch up very fast or start planning for their exit. More than ever, the ability to manage torrents of data is critical to a company’s success. But even with the emergence of data-management functions and chief data officers (CDOs), most companies remain badly behind the curve. Cross-industry studies show that on average, less than half of an organization’s structured data is actively used in making decisions—and less than 1% of its unstructured data is analyzed or used at all. More than 70% of employees have access to data they should not, and 80% of analysts’ time is spent simply discovering and preparing data. Data breaches are common, rogue data sets propagate in silos, and companies’ data technology often isn’t up to the demands put on it.

Product managers for the digital world

Source | 2017-06-26T18:47:01+00:00 Jun 5th, 2017|Categories: Post|Tags: , , , , , , , |

Some good observations for legal operations professionals to consider as they wear their technology hat, including: “business users increasingly expect a better experience for enterprise software. The modern product manager needs to know the customer intimately. This means being obsessed with usage metrics and building customer empathy through online channels, one-on-one interviews, and shadowing exercises to observe, listen, and learn how people actually use and experience products.” More insights to extract

Evolve Or Die: Why Digital Transformation Is More Important Than Ever

Source | 2017-06-27T18:09:22+00:00 Jun 5th, 2017|Categories: Post|Tags: , , , , , , |

The process of modernizing a business to use new tools and technology is one thing, but completely adapting to the digital world means more careful customer and employee relationship. This article discussed why digital transformation is important and suggests some approaches.

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