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The world of corporate law is changing fast, but nowhere faster than in its relationship with technology. Have an interesting read through.
More and more, in-house lawyers are turning to both bespoke and ready-made digital tools, sophisticated partnerships with law firms and legal service providers, and quantifiable, long-term strategies to improve efficiency. That’s according to the Association of Corporate Counsel (ACC), a global legal association representing more than 45,000 members in 85 countries.
Every year since 2008, ACC has recognized 2019 ACC Value Champions, corporate law departments and their external partners who exemplify the power of technology to strengthen the in-house practice. This year saw 10 law departments recognized, along with five external partners. The champions range from banking to mining companies, and are based in Australia, Germany, Portugal, South Africa, and the United States. Their strategic approaches streamlined processes, increased client satisfaction, enhanced the value of legal service spending, and reduced turnaround times.
To be considered best-in-class, a law department must be willing to tear down their operational model and start again from scratch. These Champions did just that. In response to strategic demands, they employed a variety of process improvement techniques and creative partnership models to automate and streamline legal services. Their agility is breath taking.
The ACC Value Challenge, launched in 2008, has provided resources and training for in-house counsel and law firm lawyers to help affect change within the legal industry. By realigning relationships and promoting value-based fee arrangements and other management tactics, such as project management, process improvement, efficient use of technology and knowledge management tools, the market for the delivery of legal services benefits from the same insights and wisdom upon which every other service industry relies to provide world-class value to their clients. For more information, visit www.acc.com/valuechallenge.
The Association of Corporate Counsel (ACC) is a global legal association that promotes the common professional and business interests of in-house counsel who work for corporations, associations and other organizations through information, education, networking, and advocacy. With more than 45,000 members in 85 countries employed by over 10,000 organizations, ACC connects its members to the people and resources necessary for both personal and professional growth. By in-house counsel, for in-house counsel.® For more information, visit www.acc.com and follow ACC on Twitter: @ACCinhouse.
The LW Bureau is a seasoned mix of legal correspondents, authors and analysts who bring together a very well researched set of articles for your mighty readership. These articles are not necessarily the views of the Bureau itself but prove to be thought provoking and lead to discussions amongst all of us. Have an interesting read through.
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