Market Survey Provides Insight on Partnerships with Legal Operation Teams

Legal operations has become a growing focus as organizations prioritize finding new ways to increase efficiencies within the legal department. Legal operations teams are tasked with several responsibilities including technology investment, metrics, legal spend management, strategic planning, compliance, and risk evaluation. To keep on the path of transformation, legal needs to take more of a business approach, which is why having a mature legal operations team should be a top priority for many organizations. But how do legal operations teams fit within organizations as a whole? Hyperion’s 2021 MarketView Report on Enterprise Legal Management provides some insight on this topic.

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Current Trends in Legal Spend – Where do ALSPs Stand?

As the legal industry continues to embrace new technologies and business partnerships, organizations are taking a closer look at legal spend. Getting better visibility and insight into where hidden savings exist help drive action towards cost-saving opportunities like automating contract analysis, outsourcing document review to an alternative legal service provider (ALSP), leveraging preferred provider firms for specialization, and hiring flexible legal talent to augment their permanent legal staff.

Filed under: legal spend

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