Many corporates are turning to automation in their legal department to boost productivity , lower costs and improve performance. Many in house legal heads are aware of the benefits of automation, and might have downloaded case tracking apps or software that automate litigation tracking. This does not, however, mean that legal department has achieved automation. Full-scale automation is achieved only through the implementation of corporate legal management system. In this article we explore what a Corporate Legal Management System is and the benefits that it offers. From there, we will look at the implementation process of CLMS and highlight some important features that you should look for in a legal system.
What is a Corporate Legal Management System
Automation, or digitization of all possible legal processes, is technology by which a process or procedure is performed with minimal human assistance. Legal system automation eases legal office workloads by simplifying and automating processes like legal review requests, agreements, contracts, documents, litigations, settlements, legal risks and various governance activities. Legal automation is a powerful tool that can be used to eliminate repeated processes, making efficient workflows with team collaboration, and facilitate faster decision-making.
Benefits of implementing Corporate Legal Management System
Implementing legal automation system offers legal departments a wide range of benefits which include:
• Centralized Tracking of Legal Requests
• Improved Contracts and Agreements Management
• Efficient tracking of Court cases and Hearings
• Collaboration with Business Units, Law firms and Business Stakeholders
• Secured Documents Handling
• Transparent Approval processes with workflows
• Automated reminders and notifications with mobility
• Improved efficiency with legal office accessible anytime from anywhere
How to implement Legal Management System
Every legal department is well aware of the benefits of automation and wants to have the benefits of improved accuracy and process efficiency. But many legal heads have a starting trouble to initiate the discussion. Best way is to get the support of a legal tech consultant and they will help you to list all your processes and map it to automation based on its priority. With a clear planning implementation of a legal management system is easily manageable and achievable without any technical complexity. This will be a major shift and best decision to your department getting into the powered wings of automation.
To summarize, in house legal counsels need to reinvent their roles, becoming tech savvy and technology enablers to keep yourselves competitive and relevant in today’s technologically powered world.
