One of the most interesting things I got from the recent World Commerce & Contracting Summit in Sydney was the report and session run by Dr Sara Cullen of Cullen Group on my Contract Management Style profile. If you haven't done one before, I recommend it.
My results are above, showing how I compare to the average person.
I wasn't particularly surprised that I scored highly for my focus on the relationship development, problem-solving, entrepreneur and scanner categories. They are all things that we have had to focus on when looking to build and grow a new business that intersects complex legal and compliance workflows with fast-moving technological advances. The need to talk to people, understand their problems, and match them to technologies that can solve them is constant – and what I enjoy.
I did pause to think about my relatively low scores for Organizer and Protector and whether those are things that I need to score more highly on.
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Topics:
Document Automation,
In-House Legal,
Digital Signatures,
Compliance,
Legal Automation,
Email Management,
Legal Operations,
Contract Management,
Knowledge Management
The problem
We often come across people who have some form of existing automation solution in place, but it isn’t meeting their needs and they aren’t sure what to do about it.
They have potentially invested a lot of money already in the existing solution, so there’s a large sunk cost that is in their mind.
Of course, the best thing to do is to ignore sunk costs – what's done is done - and to focus on what is the best decision from here on. Easier said than done, but still necessary!
Reasons
There could be a number of reasons why the existing solution isn’t meeting needs. These could include:
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Topics:
Document Automation,
Legal Technology,
In-House Legal,
Law Firm Management,
Digital Signatures,
Legal Automation,
Email Management,
Matter Management,
Legal Operations,
Contract Management,
Law Firm Strategy,
Knowledge Management
I was curious when I saw this question in Deloitte's research in their In-house Insights Report “Trusted navigators in complex and challenging environments” prepared in response to a September 2022 survey of New Zealand's in-house legal community, on what technology systems do you have in place to support efficient/effective legal operations?
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Topics:
Document Automation,
Legal Technology,
In-House Legal,
Digital Signatures,
Compliance,
Legal Automation,
Email Management,
Matter Management,
Legal Operations,
Contract Management,
Knowledge Management
Legal teams often rely on support from Finance, IT, or Procurement to access new technology and systems.
This is confirmed in the Deloitte In-house Insights Report “Trusted navigators in complex and challenging environments”, prepared in response to the September 2022 survey of New Zealand's in-house legal community, which identified the CFO/COO as the most common decision maker, followed by the CIO/IT Department.
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Topics:
Document Automation,
Legal Technology,
In-House Legal,
Digital Signatures,
Legal Automation,
Matter Management,
Legal Operations,
Contract Management
Digital signing presents many benefits, effectively resolving numerous issues that typically plague the contracting process. It eliminates the cumbersome tasks of printing, signing, scanning, emailing, and compiling counterparts of documents. With digital signing, the constant need to chase signatories for completion is eliminated.
Once a digital signing process is completed, each party automatically receives a copy of the contract via email and a secure PDF. The encrypted PDF ensures that neither the signatures nor the document’s content can be altered without invalidating its authenticity.
Various solutions provide access to digital signing functionality, each with its own set of features.
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Topics:
Digital Signatures,
Legal Automation,
Legal Operations,
Contract Management
I often talk to in-house lawyers who are unhappy with a technology solution they're using and are looking for a replacement.
When digging deeper, it often appears that they are not using it as intended to be used and are overlooking core features, which is a large part of the issue. Without using it properly, I think it's unfair to make judgements about how good it is, and hard to tell what you need in an alternative.
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Topics:
Document Automation,
Legal Technology,
In-House Legal,
Document Assembly,
Law Firm Management,
Digital Signatures,
Legal Automation,
Email Management,
Legal Operations,
Contract Management
Earlier this month I was at the ILANZ conference. It was an excellent event - the best ILANZ I have been to.
There were several indications that technology for lawyers has matured a lot over the last year.
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Topics:
Document Automation,
Legal Technology,
In-House Legal,
Document Assembly,
Digital Signatures,
Self-Service Legal Automation,
Compliance,
Legal Automation,
Legal Operations,
Contract Management
Artificial Lawyer recently published an article by Karl Chapman, the CEO of Kim Technologies. The Democratization of Document Automation: We have Reached the Tipping Point.
I'm sure that Kim is an excellent piece of technology, and anything that can make it easier to create automated templates at lower cost is a good thing. But this article significantly oversimplifies the work required to get good outcomes from an automation project.
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Topics:
Document Automation,
Legal Technology,
In-House Legal,
Document Assembly,
Law Firm Management,
Digital Signatures,
Self-Service Legal Automation,
Automated NDAs,
Legal Automation,
Matter Management,
Legal Operations,
Contract Management
A lot of the focus when procuring new technology is on the initial upfront costs and the ongoing software and support costs. Fair enough, these are important in evaluating the cost of the new solution.
What often seems to be overlooked are the costs of the current process and the costs of delay. This often comes up when someone in charge of the business process has determined that they have a problem they would like to fix. When a solution they would like is agreed upon, they then need broader support from other teams, such as IT or procurement.
This can result in months, sometimes years, of delay, perhaps while the IT team consider if it would cost less for them to build a solution themselves.
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Topics:
Practise of Law,
Document Automation,
Legal Technology,
In-House Legal,
Law Firm Management,
Digital Signatures,
Legal Automation,
Matter Management,
Legal Operations,
Contract Management
In an earlier post, I suggested that customers should focus more on the relationship with their suppliers and less on the current technology features. Because requirements are changing so quickly, the supplier must be able to keep up.
A great relationship should not just be reactive. A good supplier will understand and care enough about the customer's business and changing requirements to proactively suggest improvements that the customer can adopt to get even better results.
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Topics:
Document Automation,
Procurement,
Legal Technology,
In-House Legal,
Digital Signatures,
Legal Automation,
Matter Management,
Legal Operations,
Contract Management