AI has the power to transform both the practice of law, as well as the business of law.
Maximise value from LegalTech and AI. Develop Cybersecurity policies and procedures that ensure regulatory compliance while enhancing digital operational resilience.
The digital agenda is reshaping the provision of legal services, and in-house legal teams are at the centre of this transformation. The shift is happening across both the practice and the business of law, signalling the arrival of the Susskind-foretold “Transformation of the Law.”
The digital agenda is all around us, and legal services are at the forefront of the profound changes we will witness in the coming years. This transformation is reshaping both the practice and the business of law: the "Transformation of the Law" as predicted by Richard Susskind back in the ‘90s has arrived.
Applying well-developed reference data principles to legal data is crucial for firms to unlock value from their data for business, regulatory and operational purposes.
Through embracing the business value of legal agreement data, in-house legal departments can become enablers of business optimization and legal change.
Smart contracts offer compelling benefits - from streamlining to automation of the contracting process - they have the potential to improve efficiency, reduce client costs and legal risk.
More than incurring regulatory penalties, those who ignore data protection lose out on market trust and potential for growth from having clean data and a clear understanding of their processing activities.
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