{"id":66357,"date":"2019-03-01T15:13:07","date_gmt":"2019-03-01T20:13:07","guid":{"rendered":"http:\/\/danielschristian.com\/learning-ecosystems\/?p=66357"},"modified":"2019-03-01T15:17:44","modified_gmt":"2019-03-01T20:17:44","slug":"81-of-legal-departments-arent-ready-for-digitization-gartner-the-mitratech-team","status":"publish","type":"post","link":"http:\/\/danielschristian.com\/learning-ecosystems\/2019\/03\/01\/81-of-legal-departments-arent-ready-for-digitization-gartner-the-mitratech-team\/","title":{"rendered":"81% of legal departments aren\u2019t ready for digitization: Gartner [The Mitratech Team]"},"content":{"rendered":"

81% of legal departments aren\u2019t ready for digitization: Gartner<\/strong><\/a> — from mitratech.com by The Mitratech Team<\/p>\n

Excerpt:<\/em><\/p>\n

Despite the efforts of Legal Operations legal tech adopters and advocates, and the many expert voices raised about the need to evolve the legal industry?\u00a0 A Gartner, Inc. report finds the vast majority of in-house legal departments are\u00a0unprepared<\/em>\u00a0for digital transformation.<\/p>\n

In compiling the report,\u00a0Gartner reviewed the roles of legal departments<\/a>\u00a0<\/strong>in no less than\u00a01,715 digital business projects.\u00a0<\/strong>They also conducted interviews with over\u00a0100 general counsel and privacy officers<\/strong>, and another\u00a0100 legal stakeholders<\/strong>\u00a0at large companies.<\/p>\n

The reveal? That\u00a081% of legal departments weren\u2019t prepared<\/strong>\u00a0for the oncoming tide of digitization at their companies. That leaves them at a disadvantage when one considers the results\u00a0of\u00a0Gartner\u2019s CEO Survey.<\/a>\u00a0<\/strong> Two-thirds of its CEO respondents predicted their business models would change in the next three years, with\u00a0digitization as a major factor<\/strong>.<\/p>\n

 <\/p>\n

Also relevant here\/see:<\/em><\/span>
\nAI Pre-Screening Technology: A New Era for Contracts?<\/strong><\/a> — from by Tim Pullan, CEO and Founder, ThoughtRiver<\/p>\n

Excerpt:<\/em><\/p>\n

However,\u00a0enterprises are beginning to understand the tangible value that can be delivered by automated contract pre-screening solutions.<\/strong>\u00a0Such technology can ask thousands of questions defined by legal experts, and within minutes deliver an output weighing up the risks and advising next steps. Legal resources are then only required to follow up on these recommendations, whether they be a change to a clause, removing common bottlenecks altogether, or acting quickly to monetise a business opportunity.<\/p>\n

There are clear benefits for both the legal team and the business. The GC\u2019s team spends more time on enterprise-wide strategy and supporting other departments, while the business can move at pace and gain considerable competitive advantage.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

81% of legal departments aren\u2019t ready for digitization: Gartner — from mitratech.com by The Mitratech Team Excerpt: Despite the efforts of Legal Operations legal tech adopters and advocates, and the many expert voices raised about the need to evolve the legal industry?\u00a0 A Gartner, Inc. report finds the vast majority of in-house legal departments are\u00a0unprepared\u00a0for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[113,435,356,819,817,387,174,86,209,112,825,285,239,195,206,367,299],"tags":[],"class_list":["post-66357","post","type-post","status-publish","format-standard","hentry","category-21st-century","category-analytics","category-artificial-intelligence-agents-llms-and-related","category-blockchain","category-bots","category-business","category-career-development","category-change","category-changing-business-models","category-corporate-business-world","category-law-schools","category-legislation-legislatures","category-new-business-models","category-tools","category-trends","category-vendors","category-workplace"],"_links":{"self":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/66357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/comments?post=66357"}],"version-history":[{"count":4,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/66357\/revisions"}],"predecessor-version":[{"id":66361,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/66357\/revisions\/66361"}],"wp:attachment":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/media?parent=66357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/categories?post=66357"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/tags?post=66357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}