According to Bashir, “The legal departments in many large companies are getting larger and gaining prominence in terms of the influence they have on their organization’s overall operations.” There has been a corresponding increase in the call for in-house legal operations to become more efficient at managing risk and compliance, while continuing to effectively control costs. More than ever before, data is being created and used, and there is also the trend toward virtual employment with outside lawyers supporting in-house lawyers presenting additional challenges in legal data management, firewalling and security.
In many companies, the legal function may also be smaller in comparison to other departments such as HR or marketing, so that the in-house legal department is often at the bottom of the list for servicing, improving, or otherwise investing in the technologies it does employ.
Our use of technology for managing information will continue to evolve and become more user-friendly, configurable, interoperable, and mobile
Multiply the implications of this scenario for firms with global operations, and it’s easy to see why the whole area of security, privacy and governance has become a very big one for law departments to deal with. Morae Legal examines all the nuts and bolts of a legal department’s existing systems and processes in order to clearly identify the most effective areas to target for resource and performance optimization. Upon an in-depth current-state analysis, the company implements technology, capabilities, and processes and then makes targeted as well as broader recommendations for a future state design that will provide optimal and measurable results.
“Our use of technology for managing information will continue to evolve and become more user-friendly, configurable, interoperable, and mobile,” notes Bashir. Cloud computing and social media are also firmly entrenched in the day-to-day operations of many businesses. “These advances, combined with the changing demographics of today’s offices, where there are millennials working alongside baby boomers, creates a climate which is highly advisable for CIOs to place more emphasis on supporting the legal function in a corporation.”
Forging ahead, Morae Legal will continue to position itself as a leader and innovator in the emerging legal industry, helping law firms and corporate counsel to transform and dramatically improve the way they do business. “We will continue to expand the company through organic as well as acquisitive growth, providing our clients innovative solutions for their legal, regulatory and compliance risks, as technologies continue to advance,” he concludes.