Coronavirus crisis could bring big changes to legal operations — from news.bloomberglaw.com by Brian Baxter
- Compensation cuts, hiring freezes, and shrinking budgets are hitting in-house lawyers
- Such coronavirus-linked changes could create opportunities for legal services upstarts
Excerpt:
As during past downturns, corporate counsel facing pressure to reduce costs may bring more work in-house or adopt new vendors, such as alternative legal service providers. The use of automation to perform certain legal tasks, whether through artificial intelligence or the use of contract management technology, means in-house counsel have more options than ever before, said Lee Udelsman, a managing partner and head of in-house counsel recruiting at legal consultancy Major, Lindsey & Africa.