The success of Enterprise Legal Management (ELM) for Legal Ops lies squarely on selecting the right technology – one that’s easily adopted and cost-effective. A good ELM strategy and platform, in turn, delivers better and more productive business practices which impact the entire enterprise.
How? The legal department is increasingly partnering with other departments, and extending ELM to embed legal best practices in their processes and operations. So the right ELM solution can provide your entire organization unprecedented agility and value.
Everyone in an organization should be interested in what industry peers are doing, short-term and long-term ROI, and why Legal Ops has specialized requirements to manage to an ELM strategy.
It’s the duty of Legal Ops to be able to answer the questions from non-Legal stakeholders and demonstrate the value of ELM adoption. What these stakeholders care about is often key to building an effective technology strategy and approach that satisfies the entire business, and not just the Legal department.
“New software and projects are consistently coming into our team through RFP. We have highly specific rules for our organization about selecting and on-boarding vendors. Ultimately, we want to pick the best software and partner with a long-term vendor while saving money and complexity for our company.”
Procurement’s questions?
“We have very specific budgets and reporting requirements our department and company is driving toward each year. We have a company mandate to review and limit overhead due to outside counsel costs and Legal Operations is taking on this challenge. It’s my job in Finance to make sure that the proposed solution works, is compliant with all corporate policies and procedures, and is a reliable long-term investment.”
Finance’s questions?
“We keep the lights on for all our IT projects and make sure these get delivered on-time and within budget. The team works to provide intrinsic value to our internal projects while simplifying the technology landscape we have and minimizing issues, downtime, and costs.”
IT’s questions?
Hyperion Global Partners partnered with Mitratech to develop the first-of-its-kind Legal Buyer’s Guide for the Rest of Us to help address both the challenges and opportunities of working with and supporting Law Departments everywhere.