According to The Legal Executive Institute’s 2018 State of Corporate Law Departments: Innovation, Data and Collaboration Drive Optimal Results, one goal of a modern and proactive corporate legal team should be “to maximize shareholder value by driving up the effectiveness and efficiency of legal input to maximum return.”
One way corporate legal teams can provide a maximum return is to take on the responsibility of being strategic business advisors. Unfortunately, taking on these additional responsibilities is causing a resource crunch, forcing teams to run their legal function as a business. Some legal teams have turned to point solutions like Trello, Dropbox or Google Apps to meet their immediate needs. To continue reading, please click the link…..