Legal Process Outsourcing
As global organisations' legal needs increase, corporate law departments are adopting more innovative practices to better control outside counsel costs says a new report whose participant base primarily includes Fortune 500 level companies.
The alternative services provider is looking to redefine LPO and focus on strategy and bespoke technology solutions incorporating artificial intelligence and blockchain.
Small legal departments are spending more on law firms and look set up up their budgets in 2018.
A company has launched what it describes as the world's first end-to-end artificially intelligent contract analyst.
A weekly round-up of moves around the globe.
LAW FIRM MARKETING SUMMIT
With legal departments now competing for work with their erstwhile external advisors, the game has changed and law firms have to take a long hard look at their wares, says Terralex executive director Terri Pepper Gavulic.
Law firms are suffering from commoditisation blindness as their profits disappear and clients call the shots.
GC FUTURES SUMMIT 2016
Not only do law firms have to compete with other law firms for legal work, LPOs are now a force to be reckoned with as demonstrated by VMware's work with QuisLex.
Marketing departments should see themselves as profit centres and have the KPIs to prove it, delegates will hear at the inaugural Law Firm Marketing Summit in London on 5 October.