In a recent study of European General Counsel, 54% of respondents noted that forming and implementing business strategy will be growing focus over the next three years. However, when it comes to GCs in smaller corporate legal departments, many feel their focus is predominantly reactive and functional.
As we explore in “The Changing Role of General Counsel", in-house lawyers can accelerate the evolution from legal counsel to strategic-minded business partner by making wise investments in technology. While GCs in smaller organizations often have fewer resources than their counterparts in larger corporate legal departments, this guide sets out to explain how they too can benefit from legal tech, without the cost or complexity.
effacts is a secure online repository for all your legal information that has smart functions to help you get the most value out of it.
Store. Easily organize your key contracts, company documents, claims and compliance policies in one central place.
Find. Get easy, instant access to the information with powerful Google-style searches.
Summarize. Make key information from long documents more visible and understandable to the whole organization.
Track. Build workflows to help you manage risk in contracts, entities, claims and policies.
Report. Generate detailed reports and charts that can provide the management information your team or your board needs.
Share. Give permission-based access to different departments to allow them to see the information that helps them do their jobs better.
Empower. Set up self-service portals to enable different departments to manage their own legal affairs, with your legal oversight.
