How Software Improves Legal Operations
How Software Improves Legal Operations
Legal operations, often known as legal ops, is the integration of all business processes, activities, and people that enables the in-house legal team to deal with the company’s legal demands strategically. This is made possible by employing technical and business approaches that allow for the effective delivery of legal services.
Legal Operations’ Objective
A legal operations team is a group of experts who work in a legal organization to help with a variety of activities that do not require a degree in law.
A legal operations team delivers the following services:
That team oversees various aspects of the business, allowing in-house legal specialists to concentrate entirely on delivering legal advice.
A legal operations department is often composed of experts with skills in data analytics, marketing, finance, and learning and development, among other fields. A well-organized legal operations team allows a legal company to more efficiently reduce risks. Simultaneously, this team carefully checks compliance, deploys the appropriate technical tools, and eventually adds more value to the organization through increasing growth.
The Roles of a Legal Operations Team
The Corporate Legal Operations Consortium (CLOC) is a non-profit association for legal operations professionals. It is one of the industry’s major organizations dedicated to improving in-house legal services through increased effectiveness and efficiency. CLOC has defined a set of 12 competencies that legal operations teams should have.
Intelligence in Business
This function requires professionals to gather and analyze data based on metrics and variables in order to gain insight for strategic decision-making.
Employees in this area will design and plan budgets, monitor and implement legal billing, manage accruals, and anticipate spending.
Handling of Knowledge
In this capacity, the professional will establish company templates, create and expedite knowledge hubs, and mitigate the effects of knowledge loss caused by personnel departures or changes in crucial functions.
Organizational Excellence and Wellness
The personnel in this function are in charge of maintaining the organization’s cultural fit, fostering a healthy work/life balance for employees, and ensuring that the company has a solid talent pool available.
This function entails assisting with the efficiency and speed of the company’s operating framework by assigning duties to personnel who possess the necessary set of skills.
The individual in charge of this function efficiently manages projects, workflows, and programs while increasing accuracy.
Models of Service Delivery
This function requires identifying and arranging all service provider relationships in order to divide larger work into more manageable chunks. Simultaneously, lowering reliance on pricey law firms to carry out some aspects of the company.
This entails setting strategic team goals that are in line with the priorities of the stakeholders.
This position necessitates a thorough understanding of networks, systems, and software. They will improve the operating model’s efficiency by automating time-consuming and repetitive operations and boosting the accuracy of the data collected.
Development and Training
This role’s responsibilities include creating training manuals for new employees, assisting with new employee onboarding, and facilitating training and career development for all staff.
So how Does Legal Software Help?
Based on our discussion of legal operations and its major functions, it is clearly obvious that specialized software, such as Getlegal Software, is an excellent instrument that may contribute to the secure and smooth operation of any legal operations department.
Legal software will assist your operations staff by making it simple for them to develop annual goals and KPIs, manage succession planning, and create strategic plans that can serve as direction for other departments. In terms of firm finances, legal software is especially useful for budgeting, e-billing systems, forecasting, and precise and exact data reporting.
From an operational standpoint, legal software is critical in assisting in the efficient management of duties such as, but not restricted to: