Epiq's white paper outlines the legal transformation goals you need to set in order to make impactful organizational change
This article was produced in partnership with Epiq.
The legal industry has entered the phase of modern law, where innovation and efficiency are the cornerstone of operational decisions, and increasingly legal organizations are taking a business-centred approach to their practice.
This shift means embracing emerging technologies and exploring new partnerships to increase efficiency and make smarter operational decisions in terms of task delegation, staffing, billing processes, and information management – all areas of practice that tend to harbour inefficiencies. This is where decisions such as utilizing AI solutions to expediate processes and provide data insights, automating administrative tasks or repetitive workflows, and using contract lawyers to support in-house departments when required can highlight and eradicate inefficiencies.
The good news is the requisite digital transformation, though a continuous process of recalibration, is within reach of every legal professional, according to Epiq Global’s recent white paper The Era of Modern Law: Increasing Efficiencies Through Technology & Partnerships. Though changing existing structures can seem like a Herculean task, a strong investment upfront reaps major rewards moving forward. Key features to look for in the technology includes transparency, value, scalability, and provider support, to name a few, but technology on its own is not enough: successful implementation requires the right mix of technical and legal expertise, and this is where alternative legal service providers (ALSPs) shine. They have the capacity to partner on a wide range of tasks including M&A due diligence, eDiscovery, legal analytics or spend management, and data breach response. In fact, spend on ALSPs has increased 30% year-over-year, and for good reason.
Modern law has arrived: now is the time to set legal transformation goals to make impactful organizational change. Fine out more about common inefficient practices, how ALSPs help foster success, transformation tools, and legal and business processes that could benefit from digital transformation efforts by downloading your free copy of Epiq’s white paper today.