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Expanding Your Digital Strategy with RPA
Lawyers in firms of all sizes are under increasing pressure from all sides: from clients to boost efficiency while streamlining workflows, and from partners to find new ways to maximize billable hours. Firm IT leaders play an important role in their success on both fronts because automation is the key to doing more with less. Beyond improving efficiency, new advancements in Robotic Process Automation, or RPA, are helping lawyers do more billable work without hiring more people.
RPA: An Overview
Robotic Process Automation is a solution that uses technology to enable computer software (referred to as robots or bots) to perform routine tasks by interacting with your existing applications. The bots capture and interpret data, manipulate it, use it to perform a task, and convey the results to other digital systems.
RPA involves more than just automating processes. Essentially, RPA creates virtual workers to perform rule-based tasks. Currently, paralegals and attorneys are being paid to perform highly repetitive, time-consuming tasks that could easily be performed by bots, when those people could be better used to perform higher-value, billable work. Robots aren't here to replace lawyers. Rather, RPA can make lawyers better and more efficient at their jobs by freeing them up to focus on the most valuable parts of the job.
Boosting Billables with RPA
RPA is your key to streamlining your workflows in order to do more billable work without adding more billers. Among the tasks typically performed as part of nearly every matter, many are routine, involving little high-level thought and are also quite time-consuming. A great deal of legal work is rule-based, which doesn't mean the tasks aren't necessary or even important. It just means that these tasks don't need to be performed by staff who could otherwise be performing more valuable billable work for clients. By applying RPA to these routine tasks and freeing up attorneys to focus on billable tasks, firms can finally accomplish the ever-elusive goal of maximizing your billable hours.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
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.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.