Legal technology: Difference between revisions

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Created page with "{{itstrategy}} ===Addressing the barnacle risk=== '''Strategic over tactical''': When drafting and updating templates *always* prioritise strategic over tactical. Say..."
 
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{{itstrategy}}
#redirect[[legaltech]]
===Addressing the barnacle risk===
'''[[Strategic over tactical]]''': When drafting and updating templates *always* prioritise [[strategic over tactical]]. Say a new regulation has been introduced (I mean, just imagine!) which poses the question whether an existing form should be updated:
*really, does it? Challenge whether any change is necessary
**on economic grounds (could we lose money? How much? Realistically, how likely?)
**on regulatory grounds (could we be in breach of the law? What are the consequences?)
**on reputational grounds (could this affect the firm's franchise? How?)
*If the issue is important look to do so in a way that shortens and simplifies:
**take out specifics and render them as general statements
**remove optionality and complexity – this is a tech and management imperative.

Latest revision as of 16:26, 9 October 2021

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