April 30, 2021
April 2021 - Rethinking Contract Support
For a variety of reasons, pandemic-related and not, today’s law departments continue to face budget tightening, hiring freezes and furloughs. Thinly staffed law departments that have already been trying to do more with less may find it nearly impossible to keep up now.
Right sourcing and right structuring contract support may be one way to meet the challenge to move routine work off the plate of an in-house team. The question is how to do that cost-effectively without significant disruption during a time when there are already enough big issues to handle. Andrew Banquer of QuisLex co-authored an article published by the ABA Law Technology Today that examines different implementation approaches that embrace a combination of people, processes, technology and analytics. In it he outlines both basic and more complex issues around contracting focused on operational efficiency and shares suggestions for using data more effectively.
As we navigate our way out of the pandemic, now is a good time to address structural weaknesses and rethink operating models by exploring more flexible, cost-conscious and tech-enabled legal support for common commercial contracts to help internal team prioritize today’s biggest challenges.
Alternative legal service providers like QuisLex are uniquely qualified to help implement a model that works for legal departments, whether they want to tackle the low-hanging fruit or venture higher up the tree. And while there are assurances that day-to-day work is being handled efficiently and cost-effectively, the most valuable internal team members can focus on a company’s most critical needs.
Read the full text of the article here.