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Legaltech landscape: Difference between revisions
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|{{bg|yellow}}<small>'''Medium''': This all falls on [[legal operations]] though, so you may confidently assume it will be done.</small> | |{{bg|yellow}}<small>'''Medium''': This all falls on [[legal operations]] though, so you may confidently assume it will be done.</small> | ||
|{{bg|pink}}<small>'''Low''': While no work to implement for lawyers, it removes [[autonomy]], power to choose counsel, is unpopular with outside counsel as any bidding system guarantees more losers than winners.</small> | |{{bg|pink}}<small>'''Low''': While no work to implement for lawyers, it removes [[autonomy]], power to choose counsel, is unpopular with outside counsel as any bidding system guarantees more losers than winners.</small> | ||
|{{bg| | |{{bg|Yellow}}<small>'''High''': Asks wrong question, namely: “how do I get the cheapest legal advice?” rather than “how do I get the best advice?” or, for that matter, “do I need legal advice at all?” But will it work, in the short term, in bringing down legal spend? Yes. Will it create an alternative structure that is arguably worse? Yes.</small> | ||
|- style="vertical-align: top;" | |- style="vertical-align: top;" | ||
|<small>Self-service portal</small> | |<small>Self-service portal</small> | ||
|<small>A place where Sales can go to get pre-appoved | |<small>A place where [[Sales]] can go to get pre-appoved forms to send out without a [[legal eagle]] having to vet them first.</small> | ||
|{{bg|green}}<small>'''High''': Speeds things up and pushes away low-value work from | |{{bg|green}}<small>'''High''': Speeds things up and pushes away low-value work from [[Eagle Squad]]</small> | ||
|{{bg| | |{{bg|Yellow}}<small>'''Medium''': In theory, easy: could be as easy as an intranet page with a drop-down and a “submit” button. In practice, hard, as you need to find someone in the IT to do it, and making any change to the tech stack requires a scrum, a sprint, six months in a sandbox, 36 person hours and a budget of $300,000. We will get onto that [[when budget allows]].</small> | ||
|{{bg| | |{{bg|green}}<small>'''High''': anything that pushes [[NDA]]s off the desk has to be a good thing.</small> | ||
|{{bg|green}}<small>'''Low''': | |{{bg|green}}<small>'''Low''': Disintermediates unnecessary legal touch.</small> | ||
|- style="vertical-align: top;" | |- style="vertical-align: top;" | ||
|<small>Initiation and prioritisation tool</small> | |<small>Initiation and prioritisation tool</small> | ||
|<small>A | |<small>A queueing app for prioritising prospects, gathering information and setting terms before [[negotiation]] starts.</small> | ||
| {{bg|green}}<small>'''High''': Good oversight of process, good MIS</small> | | {{bg|green}}<small>'''High''': Good oversight of process, good [[MIS]]</small> | ||
|{{bg|pink}}<small>'''High''': It’s | |{{bg|pink}}<small>'''High''': It’s a tech and operational job, but it will span several silos with different owners and conflicting priorities. Design, ownership of and responsibility will therefore be an unholy fight. Ultimately likely to be over-specified, requiring inputs for management gratification that are not on the critical path, so likely to fall quickly into disuse, if it ever gets off the ground.</small> | ||
|{{bg|yellow}}<small>'''Medium''': | |{{bg|yellow}}<small>'''Medium''': If it works — ''big'' if — it will heads off an inordinate amount of pre-negotiation faffing, chasing people up for input, and sets a clear business priority.</small> | ||
|{{bg|green}}<small>'''Low''': Disintermediates. Provides simple information inputs and disciplines personnel to follow process.</small> | |{{bg|green}}<small>'''Low''': Disintermediates. Provides simple information inputs and disciplines personnel to follow process. Likely outcome: 18 months of stakeholder distraction, followed by discreet climbdown and no further mention in dispatches. </small> | ||
|- style="vertical-align: top;" | |- style="vertical-align: top;" | ||
| rowspan="3" style="vertical-align: middle;"|'''<small>Drafting</small>''' | | rowspan="3" style="vertical-align: middle;"|'''<small>Drafting</small>''' | ||
|<small>Template Management</small> | |<small>Template Management</small> | ||
|<small>Centralised templates database or clause library for approving and warehousing approved forms and boilerplate</small> | |<small>Centralised templates database or clause library for approving and warehousing approved forms and boilerplate.</small> | ||
|{{bg|yellow}}<small>'''Medium''': Should drive efficiency, but part of that ineffable world of [[legal eagles]] that management doesn’t understand</small> | |{{bg|yellow}}<small>'''Medium''': Should drive efficiency, but part of that ineffable world of [[legal eagles]] that management doesn’t understand</small> | ||
|{{bg|pink}}<small>'''High''': Quite a lot of implementation, and legal ops will be disinterested. Once implemented, a lot of work to sort and upload templates, compare them, weed them out, and assign owners to them, which noone will want to do.</small> | |{{bg|pink}}<small>'''High''': Quite a lot of implementation, and legal ops will be disinterested. Once implemented, a lot of work to sort and upload templates, compare them, weed them out, and assign owners to them, which noone will want to do.</small> | ||