The AI Procurement Playbook: What Big Law Can Learn from Government’s $14 Billion AI Investment Strategy
Source: The Lawyer The UK government’s AI Opportunities Action Plan, backed by over £14 billion in investment, isn’t just reshaping public procurement—it’s providing a roadmap that Big Law firms should study. The government’s systematic approach reveals both the immense potential and critical pitfalls that legal organizations must navigate as they integrate AI. The Three-Phase Blueprint […]
Walking the Tightrope: How General Counsel Navigate Outside Counsel Relationships in Polarized Times
Source: Bloomberg Law In today’s increasingly divisive political climate, General Counsel and in-house legal leaders find themselves facing unprecedented challenges when selecting and maintaining relationships with outside counsel. As recent events demonstrate, law firms can suddenly become embroiled in political controversies that extend far beyond traditional legal disputes, forcing GCs to make difficult decisions about […]
Do Small In-House Legal Teams Use Contract Management?
Source: Xakia tech Most investment funds’s legal team are lean and many not larger than approx. 10 FTE for the smaller funds. Interesting to read in Xakia’s article that the need for contract management’s does not depend on the size of the department but is looked at as productivity imperative. The nature of the work […]
AI Trends For 2024 – Vendor Procurement Practices And Generative AI
Source: Mofo Tech, By: Stephanie Lynn Sharron Vendor procurement practices will continue to evolve in 2024 to reflect corporate AI risk management and governance policies. While companies are beginning to appreciate that vendor work product may be developed using AI tools unless their contracts specify otherwise, they have not fully appreciated what that means for […]
Regulated procurement | UK Regulatory Outlook January 2024
New procurement regime to go live | Provider Selection Regime comes into force | April 2024 marks the next milestone in NHS net zero supplier roadmap | What procurement questions should contracting parties have in mind when anticipating the expiry of UK PFI contracts?
Legal Leaders Exchange: Procurement’s contribution to budgeting and spend control
The partnership between in-house and outside counsel is crucial to law department success. When communication is good, the attorneys on both sides of the relationship work well together toward common goals on their matters.