Demonstrating value to the company can be hard
In many situations, the legal department is seen as a ‘black-box’ – a department of the unknown, disconnected from the business and a bottleneck to progress. These descriptions may seem harsh, but it is often the reality. Many corporate legal departments are seen as a cost center, not a value-driver. They are seen as old fashioned and responsible for slowing down legal process instead of matching the fast-paced expections of businesses today. Neither corporate legal departments, nor the businesses, can allow this to continue.
Old-fashioned and overdetailed
A cost center
Improvements most urgently needed in legal departments
According to an ECLA study, collaboration possibilities between legal and business were seen as the most important aspect across Europe, with 92% of respondents rating it as high importance to focus on. There was not one legal department that rated this aspect as of no relevance. Based on the inherent function of a legal department – to provide the company with legal advice – it is also clear why this is rated so highly.
From a barrier to enabler
The legal department of the future will not simply solve problems, it will head them off before they can gain any real hold – informing and supporting the strategic-decision making that will drive the business forward and transform legal department from a barrier to an enabler.
Bring all teams together on one basis of understanding towards business goals
Give business owners information they need when they need it, in a clear and relevant way
Share information, communicate transparantly, automate processes, generate reports - contribute to the business!
Enable business growth with Legisway
- Improve the strategic value of your legal department and become a catalyst for business growth.
- Bring all together on one basis of understanding of the role and value of the Corporate Legal Department
- Allow transparency and clarity in all Corporate Legal Department functions and activities
- Provide the business with the information it needs; efficiently, with clarity and accuracy
- Contribute to improved business performance – avoiding unnecessary costs and fines and accelerating cashflows
- Enable collaboration, managed through rights access, to empower shared responsibility and self-servicing actions across departments; software and templates guides non-specialists through relevant processes – confident they are correct and compliant
- Demonstrate the value within the individuals and the Corporate Legal Department more explicitly.
Explore how Legisway solutions can help you to stop doing things the hard way:
Managing contracts
Optimise contract management and mitigate risk.
Managing corporate records & entities
Report on your company’s legal information faster.
Collaboration & self-service
Improve the way you work with colleagues across the business.
Claims & litigation
Stay in control & communicate risk exposure in real-time.
Managing data privacy
Ensure GDPR compliance & reduce the risk of a data breach.
Managing legal risk
Identify and mitigate risk sooner to protect the business.
Reporting & KPIs
Generating insights & monitoring performance.
Become a business partner
Transform into a modern legal department.
Featured Solutions
Legisway
Legisway solutions help legal departments manage and report on critical information and documentation for Contracts, Corporate Entities, Power of Attorney, Claims & Litigations, Data Privacy, Policies & Regulations, Legal Advice, IP and Real Estate.