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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**take out specifics and render them as general statements
**take out specifics and render them as general statements
**remove optionality and complexity – this is a tech and management imperative.
**remove optionality and complexity – this is a tech and management imperative.
{{C|Technology}}

Revision as of 11:31, 17 October 2017

See: IT strategy

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.