Given the trepidations the pandemic has brought us, it is best to face the future with the help of the Global Legal Department Benchmarking Survey which was participated by companies from around the world in different industries. The survey provided distinctions among the responding legal departments in Europe, and Asia..
Innovative thinking and strategic decisions defined Corporate Legal’s COVID-19 strategy. Most everyone faced an initial cut in outside counsel spend, which resulted in the inevitable increase in in-house counsel’s workload, but smart law departments began using technology to solve new inefficiencies.
Like most industries, the legal industry has taken the route to transformation, to answer the demands of the pandemic and its global economic impact.
The legal industry has been evolving, subject to disruption in recent years, weighed by the changes in technology.
The aim to create, developing ideas, products, and processes to solve our never-ending challenges is a human urge. Despite challenging circumstances, we find opportunities to assess, learn, and grow every day.
Earlier this month, NewVantage Partners released the 9th edition of their annual Big Data and AI Executive Survey, a comprehensive analysis of c-executives feedback on the impact of data collection and processing at market-driving corporations. Specifically, the 2021 report is titled The Journey to Becoming Data-Driven: A Progress Report in the State of Corporate Data Initiatives. With 85 Fortune listed companies and blue-chip firms participating, the report boasts a wealth of executive feedback, which we’ve broken down for you here.
Looking back, the changes, restructurings, and adjustments we have all had to make throughout the past year have generated a wealth of information about how businesses adapt and what resources are the most valuable during transitions. How have the most resilient companies adapted and created a remote working environment that is secure and sustainable? In October, Gartner released some predictions for trends in data science, making use of the medical data gathered during the pandemic to prepare business leaders for what comes next. Here’s what we found interesting:
2020 took us by surprise. In less than 6 months, the COVID-19 pandemic changed how we work, interact, and achieve success. Smart companies read the room and stayed flexible, adopting the necessary changes to stay buoyant, regardless of the storm. What made transitioning simple for them was their early decision to migrate to SaaS solutions for their in-house tools.
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