We are joining the legal operations evaluation project launched by Xakia Technologies to assess the state of in-house legal departments. The survey tool underlying the project is the Legal Operations Health Check created by Xakia three years ago. Now it is time to analyze the data inflow from corporate legal teams across the globe. Accordingly, the health check survey will be available until June 30, 2020. Then, jointly with other organizations in the legal industry (Legal Operators, UpLevel Ops, Ascertus Limited, Norton Rose Fulbright and Lawit Group) we will prepare an eBook summarizing the trends and benchmarks globally. InvestCEE LegalTech Consultancy will be evaluating and analyzing the CEE data region.
The free Legal Operations Health Check was designed to evaluate legal teams of all sizes and provide actionable tactics to be more effective and efficient. The health check takes about 20 minutes by completing a quick survey over 10 primary categories essential for legal departments. Within 24 hours, teams receive a valuable assessment of their legal department that includes:
↠ An overall health score, as well as scores for each category,
↠ Benchmarks for departments of similar size,
↠ Benchmarks for departments in the same industry, and
↠ Recommended priorities and resources.
Forward-looking and strategically driven legal departments typically take a far more proactive stance than their peers in more traditional departments. Modern legal departments aim to actively create value to the organization at large rather than operating as a cost center that only reacts to and performs legal requests. So how do proactive legal teams track key performance indicators (KPIs) or the value created for the business? How does a given legal department measures up in a particular industry and data region?