2024-06-03
Legal entity management is key to navigating complex organizations, especially in a digital environment that is highly dependent on corporate data and streamlined work processes. Whether assigned to the legal team or a business unit, people entrusted with corporate governance tasks are responsible for efficiently coordinating all legal entities of the group: holdings, operational companies, SPVs, subsidiaries, and branches. Carefully designed workflows and reporting are inevitable in this context.
2024-05-13
Corporate housekeeping has traditionally been the task of legal professionals - for a good reason. Providing risk management support to business clients, lawyers are expected to set up and safeguard the corporate foundations, watch over periods of growth and expansion, and mitigate risks in times of uncertainty. Yet navigating complex corporate structures may easily get challenging even for the best legal teams - especially in a digital environment where data accuracy and system security have become top priorities.
2024-01-05
Every legal & business team has its investment priorities (and some organizations, budgets and regulatory pressures are bigger than others) - and yet all stakeholders see real value from a well-planned legal technology strategy, in particular costs calculations. To help operational leaders plan ahead and evaluate investment options, we released this holistic report on pricing mechanisms based on several years' experience with our LegalTech Marketplace vendor partners.
2023-10-23
To help legal and business leaders explore strategies and best practices with AI solutions, we onboarded new advisors and partners to offer a more holistic Legal AI Advisory service line in addition to our existing LegalTech Marketplace - select software solutions & implementation know-how. Learn about our training course offering and how our experts navigate this complex field.
2023-05-01
Despite the short history of this new discipline, legal operations has become increasingly popular because it answers key questions about efficiency and effectiveness in legal work: how can a corporate legal department best deploy its team of smart lawyers and its technical resources to advance the organization’s goals, safeguard the business from all sorts of risks and protect corporate values?
2022-12-14
Legal teams are increasingly required to deliver their professional service as a business. Corporate legal departments and law firms are equally expected to contribute more to their clients’ optimization efforts and to offer solutions in strategic initiatives. Irrespective of the size of a legal team, drafting a formal annual budget is a necessity. This article helps in-house counsel and law firm attorneys discover best practices, access free templates and start testing tools to get their legal budget in shape.
2022-06-17
Complex workstreams like contract management often require a set of viable strategies to improve internal efficiencies in an organization. Working closely with our clients in this professional context, we found that fine-tuning first the pre-signature and then the post-signature phase of contracting helps better manage the overall process. In June 2022, InvestCEE LegalTech Consultancy released Part I of our new strategy paper series dedicated to improving the pre-signing phase of contracting - the full PDF copy can be accessed in this article.
2021-12-16
InvestCEE LegalTech Consultancy in collaboration with Hungarian digital law firm SimpLEGAL issued a practical guide on legal AI to showcase how smart legal technology opens up new opportunities for digitizing legal services. Law firms and in-house legal departments often still lack clarity as to the use cases and basic terminology used in the legal AI domain.
2021-04-07
In a digital economy, the value of legal work largely results from core human expertise multiplied by the ability to efficiently “package” legal know-how into technology. Legal analytics tools designed for lawyers allow a shift away from the billable hour and enable workflow data analytics that capture core human expertise.
2021-03-16
At the end of 2020, EXE.legal, a Lithuania-based specialized law boutique, and InvestCEE LegalTech Consultancy, a legal innovation advisor, have announced their cooperation agreement on consultancy services aimed at law firms and in-house legal departments with a focus on deploying legal technology solutions. Since then, the collaboration has kicked off with full speed, Dr. Paulius Astromskis, Managing Partner at EXE.legal, and Dr. Orsolya Szabó, CEO of InvestCEE LegalTech Consultancy, shared their take-aways from the past few months.
2021-01-14
Unless carefully planned, all the value added at the contract negotiation and electronic signing stage disappears as soon as the executed contract gets randomly filed. Smart contract management in the post-signature stage is necessary to harness the benefits of contracts in an organization. We’ve condensed our best practice tips in this 5 step plan based on InvestCEE LegalTech Consultancy’s experience with digital contracting processes.
2020-10-08
In September 2020, Xakia Technologies issued the Legal Operations Health Check eBook -- a report summarizing the results of the legal operations benchmarking survey (the 'Health Check') carried out from April 2018 to July 2020. The Health Check was used by 349 legal teams in 37 countries and the eBook aggregates a significant volume of data about the current status of corporate legal departments of all sizes, in various industries, around the world.
InvestCEE contributed the EMEA overview to the eBook and this article is an extract thereof, aimed to inspire legal teams to improve their operations with data & analytics.