In-House Roundup - #14

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GC secrets

How to be (even) more efficient

Lexoo CEO Daniel van Binsbergen spends a lot of time speaking with general counsel about their team structures and how best to procure external resources. In this Crafty Counsel video, he shares his top four tips on how in-house legal teams can become (even) more efficient.

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Looking beyond the elite

Reacting to the GC Thought Leaders Experiment finding that the largest and most established law firms underperform on service quality, Bill Deckelman, General Counsel of a $25B company, explains why he’s moving work away from incumbent pedigree firms in favour of eager, more innovative law firms.

“My view isn’t that the top lawyers at these firms aren’t knowledgeable or that they don’t understand how to serve clients. It’s that they’re stretched thin, and can’t be as attentive to my (or any single GC’s) work as they used to be.”

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Funding Circle legal chief on ensuring business growth

Martin Cook, General Counsel of Funding Circle, explains how general counsel can use their risk management and problem solving skills to contribute to their company’s commercial strategy, and how to make the greatest impact within their organisations.

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6 in-house lawyers you should know

The FT profiled six regional GCs and senior in-house lawyers that are pioneering new approaches to delivering legal services. From driving the use of blockchain technologies, to lobbying to influence legislation and regulation, these role models are reshaping the image of in-house lawyers.


The business of law

Picking up the pace of legal delivery

Mark A. Cohen considers the speed of legal services delivery, and argues that the “sunset of the legal guild” provides an opportunity for legal professionals to use technology as a tool to better align the pace of legal delivery with business.

“Not only is the cost of legal services coming under intense scrutiny (even as law firms continue to raise rates and incoming associate salaries), but also the speed and efficiency of legal delivery is increasingly held to business—not legal—standards."

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The theory and data behind legal innovation

This slideshow looks at the hype around legal innovation, first laying the groundwork with innovation and adoption theory, then bringing in data and perspectives from outside of legal. Transformation and adoption takes time, but this is not a unique challenge to the legal industry.


Legal ops

Keeping up with KM, AI, and Legal Tech

With knowledge management, AI and legal tech moving so quickly these days, what is the best way to keep up with the latest developments? Ron Friedman, an expert in law practice management, has put together this list of recommendations.

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Cutting costs with legal ops

Four general counsel, including GC of legal operations at Walmart, discuss their strategies for reducing cost through legal operations at the Association of Corporate Counsel’s Legal Operations Conference, from driving cultural change, to outsourcing and implementing a contract management system.

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How to set up a knowledge management system

Emily Colantino, Director of Knowledge Management at Baker McKenzie, and Steve Harmon, VP and Deputy GC at Cisco, led a panel discussion at the 2018 CLOC Conference on how to implement a knowledge management system. Here are 5 steps on how to get started.


Elsewhere on the net

Internet Trends Report 2018

Each year, legendary venture capitalist Mary Meeker of Kleiner Perkins Caufield & Byers produces a comprehensive internet trends report, crunching data from a range of sources to distill the biggest ideas and trends on the internet. An interesting read for innovators across all industries.


Lexoo

How we can help you

An FT Innovative Lawyers Awards 2017 winner, we have helped GCs across all sectors including tech, media, telecoms, renewable energy, oil and gas, finance, real estate and retail to vastly reduce their legal spend by building effective, long-lasting relationships with high-quality boutique firms around the world.

Here’s how we can help you:

  • Standalone projects - our global marketplace is a genuine alternative to international law firms for standalone projects or cross border deals.
  • External legal team - we can match you with quality outside counsel working on a low overhead basis to provide an ongoing service at pre-agreed rates (e.g. 5-10 hours of support spread out over the week).
  • Interim lawyers and on/off-site placements - we can help you find interim solutions to manage temporary absences or give your team a short-term boost.

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