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18 June 2020 / Stephanie Vaughan
Issue: 7891 / Categories: Features , Profession , Technology
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LegalOps: smart business for law firms

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Legal operations services to corporate legal departments: Stephanie Vaughan outlines a prime opportunity for law firms
  • The LegalOps function is broad and has grown in scope over the past decade, helping to enhance efficiency within legal departments.
  • LegalOps is no longer just about bodies, but about making those bodies quicker and more efficient.

Historically, legal operations (LegalOps) hasn’t been the strong suit or main focus of the in-house legal teams within corporate legal departments (CLDs). However, a variety of factors— from an evolving risk landscape to the emergence of new forms of technology like AI—are conspiring to push it to the forefront.

To be sure, there have always been the ‘Super Corporates’ that were big enough to tackle LegalOps in-house but, by and large, most CLDs don’t have bodies dedicated to this function.

For law firms this is an opportunity to offer LegalOps-related services to CLDs and, in doing so, further strengthen their standing with clients as strategic partners and trusted advisors.

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NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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