Important Takeaways for Legal Operations in 2021

After spending almost a year to adapt to the new order of things in 2020, legal has shown that they are not as resistant to innovation as everyone thought they were. The numbers gathered by ThomsonReuters attest to that, as 2021 in nearing its end: 52% of legal departments reported increased use of technology 34% … Continued

What You Need to Know About Transitioning from LIBOR

Acronyms can mean different things, so we better start with the meaning of LIBOR.  LIBOR stands for London Interbank Offered Rate and is a benchmark interest rate of lending operations in the international market of major global banks. This key benchmark indicates borrowing costs between banks and is accepted worldwide. LIBOR is calculated daily by … Continued

How Much Can You Save With Document Workflow Automation?

For lawyers, there’s never enough time. Even with all the extra hours you dedicate to work, there seems to be no end to the important tasks, each of those calling for your undivided attention. Sometimes it seems like the world is trying to stretch you in as many directions as possible just to see how … Continued

6 Iconic Legal Contracts in Movies

Legal contracts play a big role in our lives. Renting a car, buying a house, signing up for a job—every process goes hand-in-hand with putting an autograph on a piece of paper. In the business world, legal contracts govern 80% of all operations, where each contract is subject to a thorough legal review before being … Continued

The Role of AI in Legal Operations in 2021

Today corporate legal departments are getting more and more used to the presence of Artificial Intelligence (AI) in their operations. For lawyers this means that their work is not just about decision-making, drafting contracts and representing companies in court anymore. Today, a legal officer, like a member of Star Trek’s USS Enterprise, has to operate … Continued

7 Myths About Legal Document Management Software in 2021

The novel COVID-19 pandemic has forever changed the way we live and behave. The new work-from-home (WFH) reality has accelerated the rapid migration to digital, proving legal technology is integral to a business. In many cases, it is what supports companies dealing with the crisis. For example, Zoom allowed staying in touch with teams and clients and … Continued

What Lawyers Can Pick Up From Astronauts

We live during beautiful times. We live in a world where there is no such thing as impossible. If there’s something we can’t do, it only means that it’s “not possible YET”. But it also means that one day, it will be. In 1967, when Neil Armstrong had been taking his first steps on the Moon, … Continued

Legal Technology Cyberpunk

“Legends are born here.” This is the catchphrase of the new Cyberpunk 2077 game that is expected to hit the stores in November, and supposedly turn the gaming world upside down. Given the previous background of CD Project, the creator of the game, Cyberpunk 2077 has every chance of becoming a commercial success (which is … Continued

Legal Burnout: How to Spot, Conquer, and Recover From It

Our current reality is blurring the boundaries between work and personal life by cultivating intense labor and productivity. In such an eternal race, burnout is not surprising, especially in law firms. An old saying remains applicable in the 21st century: “Burnout is nine-tenths of the law.” Before writing this article, we ran a survey among practicing … Continued

Legal Project Management 101 for the Law Firms

Project management has been an essential tool of the corporate industry for a long time. It is also a must-have for any law firm that strives to win the competition. As client expectations grow, in-house counsels are pushed to develop business intelligence and grip to provide legal services more predictably and consistently. What Is Legal … Continued