CLOs Rank Rapid Technology Advancement as a Key Force Driving Market Change

I’d like to bring to your attention a new survey from Altman Weil. It indicates chief legal officers are taking a more strategic approach in their management of internal and external resources that support their operations. Citing cost pressures as their biggest concern, these legal leaders are taking steps to cut the fat as it relates to counsel expenditure, and also considering their technology options to save money and drive efficiencies.

Collecting responses from 258 chief legal officers, the 2015 edition of the Chief Legal Officer Survey showed that technology is an increasing area of focus for driving efficiency in the legal department. Fifty-nine percent of respondents said they had used technology more frequently within their departments over the last year. Perhaps more importantly, respondents also indicated “rapid technology advancement” was the most impactful trend in their departments.

If technology advancement is on your agenda, you also might be interested in visiting the Legal Services page of our website to learn more about how tapping the right managed services provider—one with the right expertise, technology and capabilities—can help corporate legal departments and law firms better manage their eDiscovery processes as well as documents and other information assets. Additionally, our website offers more on industry best practices, case histories and whitepapers.