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LegalMarch 03, 2023

Live Wolters Kluwer ELM Solutions event to explore legal spending trends in the financial sector

Panels will offer strategies for mitigating outside spend and leveraging AI-powered efficiencies

Companies operating in the financial sector continue to pay the highest legal rates of any industry. To help the sector take control of spend, Wolters Kluwer ELM Solutions will outline practical steps that corporate legal departments operating in the banking, finance and insurance spaces can take during a series of panels – Legal Leaders Exchange Live: Banking and Finance Edition – to be held on March 8 from 1:00 PM to 5:00 PM ET at 28 Liberty Street in New York City.

Nathan Cemenska, Director of Legal Operations and Industry Insights at Wolters Kluwer ELM Solutions, will provide a data-driven overview of key trends in outside counsel rates unfolding across the banking, finance and insurance industries, as well as strategies that general counsel should deploy to mitigate spend while also streamlining processes. To assist with those efforts, Abhishek Mittal, Global Head, Data Analytics and Operational Excellence at Wolters Kluwer, will review different AI use cases and solutions to help legal operations professionals better understand how the technology can be woven into their various processes or workflows to drive new efficiencies, improve billing guideline compliance and enhance law firm relationships.

“We are very excited to provide this opportunity for legal professionals in the finance and insurance verticals to network and learn from industry peers,” said Barry Ader, Vice President, Product Management and Marketing at Wolters Kluwer ELM Solutions. “Our team of dedicated experts will enhance those conversations with market-leading insights into outside counsel spend and the AI-powered technologies already driving the next wave of legal innovation.”  

Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in professional information, software solutions, and services for the healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

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