You’re invited to our Corporate Legal Breakfast Roundtable in London
Date: Tuesday 10th March 2020
Time: 8.30 – 10.00am
Venue: Hawksmoor Guildhall
Neota Logic recently commissioned a research report into how corporate legal departments were using technology.
70 legal departments across the globe were surveyed, and more than two dozen GCs were interviewed. Here are the key findings from the report:
- Automation of repetitive, low-value work has become more commonplace in-house. Tools for automating non-disclosure agreements (NDAs) and self-serve tools are widely provided by GCs as examples of successful recent tech projects.
- Just over one-third of the in-house legal teams surveyed say they use tools to automate contract and data management, while NDAs and other forms and templates are automated by 8% and 14% respectively.
- One-third of in-house legal teams surveyed report they have a dedicated annual budget for legal technology but a third are not currently exploring new tools.
- Two-thirds say their company’s IT department is involved in the decision-making process for implementing technology, with procurement and the C-suite involved for a third each as well.
- For half the survey’s respondents, less than 50% of their legal spend is on outside counsel. They are therefore looking for ways to reduce internal costs.
- Only 33% of those surveyed have a legal operations role within their team
Neota Logic invites you to discuss and debate these findings with your peers over breakfast at Hawksmoor.
This event is strictly for General Counsel & Legal Operations professionals only.