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Reimagining the Legal Function

Artificial Lawyer – “If you’re in any doubt that legal functions are facing a need for radical change, then consider these three statistics from our recent study of 1,000 in-house legal departments worldwide.  First, 87% of respondents say their legal function has seen either a large or moderate rise in demand over the past five years. Second, against the background of this rising workload, 82% of organisations plan to reduce the costs of their legal function over the next two years. And third, over a quarter – 27% – of in-house legal professionals’ time is spent on routine, low-value tasks. That’s more than one hour in four…The message is clear: in-house legal teams are being asked to do more with less – yet their ability to respond to increasing demands is being constrained by inefficient, labour-intensive processes. Why? Partly because they’ve often been starved of the innovation happening elsewhere in the business. In our survey, almost two-thirds of General Counsel’s Offices (GCOs) say the legal function has fallen behind other functions on innovation, while a similar proportion agree that it has yet to benefit from innovation in the way other functions have…”

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