Legal Departments Falling Behind in IT Investment
As in-house legal departments face growing C-suite pressure to be more involved with corporate strategy, many general counsel find they lack the technology needed to move their departments beyond repetitive tasks. Surveying roughly 300 in-house legal teams, across nine countries, a new study finds 60 percent of respondents believe their legal function is ready to adopt technology that can carry out routine tasks. But only 56 percent of respondents thought their departments are spending enough on technology to improve efficiencies. At the same time, the imperative to invest is growing, amid a tighter regulatory environment, mass globalization of business, and accelerating tech advancements. Read more.