Why legal should drive contract transformation

prakash
By prakash

Legal departments are on a mission. They are investing in legal operations. They are purchasing technology to optimize processes and support self-service. They are trying to use data analytics to both manage resources and extract valuable information from documents. Legal departments are committed to not only being more efficient, but also to providing additional value to the businesses they serve.

However, legal teams often worry that these actions are not enough to keep up with the evolving pace, scale or complexity of their companies’ needs in the digital world. Today’s point solutions (technologies or processes that solve a current, isolated cost or efficiency problem) are not enough to help legal teams navigate changing expectations of their department or respond to market pressures.

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