Banks Tap AI to Navigate Regulatory Maze of Managing Vendor Contracts
Source: PYMNTS Michael Berman, CEO of Ncontracts, told PYMNTS that financial institutions (FIs) are grappling with the increasing burdens of vendor lifecycle management. There can be what Berman termed “dire consequences” for FIs as they navigate contract management with their vendors. With the explosion of technology and digital channels, FIs are interacting with consumers and other […]
How One In-House Team Earned Its ‘Value Champion’ Award
Source: UPLEVEL OPS AND ABOVE THE LAW Looking for operational excellence in the legal landscape? In this episode of the UpLevel View podcast, Audrey Taranto, general counsel of Enstar Group, discusses the initiatives that earned her team an ACC Value Champions accolade. In a discussion with Stephanie Corey, CEO and Founder of UpLevel Ops, Taranto […]
OGC’s Managing Partner On Why An Alternative Approach To The ‘Broken’ Billable Hour Is Needed
Source: Above The Law, Author: Staci Zaretsky Companies are constantly complaining about the high costs of the legal services they need to make their businesses run, and yet each and every year, legal fees get higher and higher. Clients grit their teeth, hand over the cash, and the cycle begins anew. Will Biglaw ever bite […]
Beyond The AI Glitz And Glamour, Practical Implications
Source: Above the Law, Author: Stephen Embry Last week, Legalweek was held New York City. It’s the annual legal tech Conference put on by ALM and directed at Biglaw and, sometimes, not so big. Lots of exhibitors, lots of parties, and fancy dinners. Glitz and glamour. And this year, as you might expect, there are lots of educational sessions, […]
Private equity in the legal sector: A challenge to conventional firms
Source: Legal Futures, Posted by Jeff Zindani, managing director and merger consultant at Legal Futures Associate Acquira Professional Services If law firms’ consolidation at all levels is on the rise, still difficult to imagine Big Law using PE to merge. The latest case in point would be the recent A&O and Sherman merger? Not insinuating […]
3 Reasons Why General Counsel Are Enterprise Strategy Assets
Source: Forbes, Author: Mark A. Cohen, CEO of Legal Mosaic Enterprise strategic planning has never been more challenging. The Doomsday Clock is the closest it has ever been to midnight, a reflection of the unprecedented danger the world faces. The World Economic Forum’s Global Risks Report 2024 surveyed more than 1,400 industry leaders, risk experts, and policy makers. They […]
Should law firms focus more on work-life balance? Survey finds ‘wide gaps’ in opinions of associates, partners
Lawyers would like to see a greater emphasis on training and mentoring at their law firms, according to a survey released this week by recruiting firm Major, Lindsey & Africa and Law360 Pulse.
A Prioritization Framework for Legal Departments
How do you prioritize legal requests to ensure that your Legal Department is addressing its matter management needs in the most effective manner possible?
Who Needs To Be Listening To Your Clients? You do.
Source: Adam Smith Esq, Author: Janet Stanton, Partner, Adam Smith, Esq For unfathomable reasons many law firms and lawyers eschew client feedback. The reason we’re baffled by this is that at its most basic, the business of law firms is to serve client’s needs. Let me repeat that… the business of law firms is to serve […]
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 […]