Attempts to drive innovation inside of corporate legal departments have often been hampered by an underlying resistance to change among key stakeholders. Still, the financial hardships many companies are facing due to a COVID-19 economy present a compelling argument to implement tech and other innovative procedures that can help grow efficiencies and defray costs—but will it be effective?
The answer may depend largely on the legal department in question. David Holme, founder and CEO at the legal technology provider Exigent Group, pointed out that many in-house legal teams failed to seize on the opportunity presented by the financial crisis of 2008 to argue for more corporate investment in data-driven practices in technologies. Others may have tried, but failed to create a compelling enough investment story to warrant interest from decision-makers.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]