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The Key to ELM Success Is Creating A Great User Experience
The tasks involved in managing legal, risk and compliance functions aren't simple: Keeping up with a changing regulatory landscape; collaborating with outside counsel; ensuring the best value in vendor relationships; showing senior management the contribution of the legal team; demonstrating continuing improvements in regulatory compliance; and keeping it all in line with corporate goals. Legal and compliance teams are responsible for these and many other tasks that are both very important and extremely complex. But when all of this takes place with the support of a comprehensive Enterprise Legal Management (ELM) solution with a well-designed and holistic user experience, it can all be executed with confidence and efficiency.
Implementing an ELM technology platform is about solving problems. It involves confronting classic friction points such as isolated information silos, inefficient reporting, and the resulting process gaps. In the course of addressing such issues, there is an important perspective that, surprisingly, is sometimes overlooked: the user experience. Any successful enterprise-scale solution must act as a single, secure and collaborative framework supporting legal, risk and compliance activities in ways that help reach the client's goals and provide a positive user experience (UX).
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.