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In-house legal technology: Smart investments (Pt 3)

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17 June 2016 / Dr Marc K Peter
Issue: 7703 / Categories: Features , Brexit , Profession , Technology
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Embracing technology can help in-house counsel focus on profitable growth & future-proofing, explains Dr Marc K Peter

 

It is no secret for those working in the sector that in-house counsel are under more pressure than ever to perform more duties with comparably fewer resources. And with warnings that there may be a downturn in the global economy of a severity to rival the crash of 2008 and the possibility of a Brexit, in-house lawyers need to proactively embrace advantages provided by innovation and technology to ensure they and their businesses prosper in what could be a stormy economic and political future.

Twenty percent of the legal profession now work in-house—a figure that has doubled in the past 10 years (Annual Statistics Report 2015, Law Society). It is clear that in-house counsel exert enormous influence on both the commercial and legal landscape in the UK. After all, it is they who instruct most of the lucrative commercial work enjoyed by the top 100 law firms,

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