Alev Candan’s Post

We're incredibly grateful to our European Client Advisory Board members who recently gathered for our final session of 2024. These legal leaders from companies across financial services, technology, advertising, healthcare, and software industries shared invaluable insights about their challenges and priorities. Key themes that emerged from our discussion: • Regulatory pressures continue to mount, with the EU AI Act, Data Act, and DORA implementation requiring significant attention and resources from legal teams • Legal departments are seeking creative ways to do more with existing resources, exploring AI tools like Harvey and CoCounsel while remaining pragmatic about their current capabilities and limitations • There's an increasing focus on efficiency and automation, but leaders emphasized the critical importance of maintaining team engagement and motivation during times of change • Legal teams are becoming more strategic about work intake, implementing clearer thresholds and parameters for engagement while educating business partners on how to work most effectively with legal Looking ahead to 2025, our advisory board members highlighted the need to balance cost pressures with maintaining high compliance standards, adapting to evolving technology, and supporting their teams through continued change. Thank you to our advisory board members for sharing their time and insights. Your perspectives help shape how we can better serve our clients and the legal industry as a whole. #LegalOps #InHouseLegal #LegalTechnology #LegalLeadership #Innovation #EUAIAct #DataAct #DORA

We're incredibly grateful to our European Client Advisory Board members who recently gathered for our final session of 2024. These legal leaders from companies across financial services, technology, advertising, healthcare, and software industries shared invaluable insights about their challenges and priorities. Key themes that emerged from our discussion: • Regulatory pressures continue to mount, with the EU AI Act, Data Act, and DORA implementation requiring significant attention and resources from legal teams • Legal departments are seeking creative ways to do more with existing resources, exploring AI tools like Harvey and CoCounsel while remaining pragmatic about their current capabilities and limitations • There's an increasing focus on efficiency and automation, but leaders emphasized the critical importance of maintaining team engagement and motivation during times of change • Legal teams are becoming more strategic about work intake, implementing clearer thresholds and parameters for engagement while educating business partners on how to work most effectively with legal Looking ahead to 2025, our advisory board members highlighted the need to balance cost pressures with maintaining high compliance standards, adapting to evolving technology, and supporting their teams through continued change. Thank you to our advisory board members for sharing their time and insights. Your perspectives help shape how we can better serve our clients and the legal industry as a whole. #LegalOps #InHouseLegal #LegalTechnology #LegalLeadership #Innovation #EUAIAct #DataAct #DORA

We're incredibly grateful to our European Client Advisory Board members who recently gathered for our final session of 2024. These legal leaders from companies across financial services, technology, advertising, healthcare, and software industries shared invaluable insights about their challenges and priorities. Key themes that emerged from our discussion: • Regulatory pressures continue to mount, with the EU AI Act, Data Act, and DORA implementation requiring significant attention and resources from legal teams • Legal departments are seeking creative ways to do more with existing resources, exploring AI tools like Harvey and CoCounsel while remaining pragmatic about their current capabilities and limitations • There's an increasing focus on efficiency and automation, but leaders emphasized the critical importance of maintaining team engagement and motivation during times of change • Legal teams are becoming more strategic about work intake, implementing clearer thresholds and parameters for engagement while educating business partners on how to work most effectively with legal Looking ahead to 2025, our advisory board members highlighted the need to balance cost pressures with maintaining high compliance standards, adapting to evolving technology, and supporting their teams through continued change. Thank you to our advisory board members for sharing their time and insights. Your perspectives help shape how we can better serve our clients and the legal industry as a whole. #LegalOps #InHouseLegal #LegalTechnology #LegalLeadership #Innovation #EUAIAct #DataAct #DORA

My dear legal network, you won't believe these predictions about the future of legal departments from KPMG. Here’s a quick overview in a more readable format: 💻𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗔𝗜 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻: By 2025, automated tools and AI will be a big part of legal work. Chatbots and other tech will handle routine tasks, letting lawyers focus on more complex issues. 📝𝗖𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Contract Lifecycle Management (CLM) systems will become essential, like CRMs are today. They’ll manage everything from negotiating to finalizing contracts, making the process smoother. 💼𝗗𝗮𝘁𝗮-𝗗𝗿𝗶𝘃𝗲𝗻 𝗟𝗲𝗴𝗮𝗹 𝗧𝗲𝗮𝗺𝘀: Knowing how to read data will be as important as understanding legal terms. Legal teams will use data analytics to improve contract performance and find ways to save money or boost revenue. 👥𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗖𝗹𝗶𝗲𝗻𝘁 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲: People within the company will expect personalized and user-friendly legal services, similar to what they experience as consumers. Legal services will need to adapt to meet these expectations. 📨𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝗶𝗻𝗴 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀: The entire contracting process will move online, speeding up deal closures. This will involve standardized steps for contract creation, approval, and storage, all integrated with other business systems. These changes highlight the need for legal teams to stay flexible and innovative. Feel free to share your thoughts or how you see these changes impacting your legal department! https://lnkd.in/gPJRqnHE #LegalTech #FutureOfLaw #DigitalTransformation #LegalInnovation #ContractManagement

Pramata Chief Revenue Officer Justin Schweisberger recently wrote a piece in the ABA Journal sharing three predictions on the legal industry as we move into 2025. Make sure to read the full article in the link below. Link: https://lnkd.in/eXu8NsR5

📢 📢 📢 Recently, Pramata’s Chief Revenue Officer Justin Schweisberger was invited to share his top three predictions for the legal industry with the ABA Journal. “As we near 2025, three emerging trends point to a future where legal teams will have the insights they need to play an integral role in their organization’s revenue goals,” according to Justin, “These shifts will transform legal work, freeing legal leaders from redundant, time-consuming tasks to focus on big picture strategies.” Justin’s predictions are centered on three key factors: 🚀 Legal teams will be more agile 🚀 Contract data will be recognized as the business-critical asset it is 🚀 Enterprise-grade contract AI will move the value of contract data beyond the legal department Be sure to read Justin’s column at: https://bit.ly/4ae124a #ContractManagement #LegalTech #GeneralCounsel

🌟 𝐖𝐞𝐞𝐤𝐞𝐧𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐋𝐞𝐠𝐚𝐥 𝐓𝐞𝐜𝐡 𝟐𝟎𝟐𝟓 🌟 As we look ahead to 2025, the legal tech landscape is set to undergo transformative changes. 🚀 Here are some key trends to watch: 𝟭. 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝘃𝗲 𝗔𝗜 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻: Legal departments will increasingly leverage AI to automate routine tasks, from contract drafting to legal research, enhancing efficiency and accuracy. 𝟮. 𝗔𝘂𝗴𝗺𝗲𝗻𝘁𝗲𝗱 𝗟𝗲𝗴𝗮𝗹 𝗪𝗼𝗿𝗸𝗳𝗼𝗿𝗰𝗲: By 2025, a significant portion of legal teams will consist of multidisciplinary professionals, including data analysts and tech experts, working alongside traditional lawyers. 𝟯. 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗧𝗲𝗰𝗵 𝗦𝗽𝗲𝗻𝗱𝗶𝗻𝗴: Legal tech budgets are projected to triple, reflecting the growing importance of technology in managing legal operations and improving service delivery. 𝟰. 𝗦𝗲𝗹𝗳-𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗟𝗲𝗴𝗮𝗹 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀: Expect a rise in self-service platforms that empower clients to handle simple legal matters independently, reducing the need for direct legal intervention. 𝟱. 𝗖𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Contract lifecycle management (CLM) systems will become ubiquitous, streamlining contract processes and ensuring compliance. The future of legal tech is bright, and staying ahead of these trends will be crucial for legal professionals. 💼✨ What are your thoughts on these trends? Share your insights and let’s discuss how we can prepare for the future! 𝐅𝐨𝐫 𝐦𝐞𝐞𝐭𝐢𝐧𝐠𝐬 𝗺𝗲𝘀𝘀𝗮𝗴𝗲 𝗺𝗲 𝐡𝐞𝐫𝐞 𝐨𝐫 𝐮𝐬𝐞 𝐦𝐲 𝐞𝐦𝐚𝐢𝐥 𝐛𝐞𝐥𝐨𝐰: 𝐳𝐡𝐮𝐬𝐬𝐞𝐢𝐧𝐢@𝘀𝗮𝗻𝗱𝗹𝗶𝗻𝗲𝗴𝗹𝗼𝗯𝗮𝗹.𝗰𝗼𝗺 You can also reach out to my colleagues below: 👇 Ralf Kaiser Philippe Stevens Silvester Lo Sardo Patrick Rowan Neyaz Mohamed Hauke Ahrends Bilal Ahmed Khaled Farag Patrick Binz #LegalTech #Innovation #FutureOfLaw #WeekendReading

For the fifth consecutive year, our Global Survey Report highlights a familiar yet pressing challenge—a legal profession under relentless pressure. As global business data continues to explode in both volume and complexity, legal teams face expanding workloads, tight budgets, rising eDiscovery costs, and headcount freezes. Key findings include: 🔹 Top Strategic Challenge: Managing and prioritizing the sheer volume of work remains the number one concern for the third year running, with 48% of respondents citing it as their biggest issue. This underscores the strain legal teams face as data grows in complexity. 🔹 Data Challenges: 32% of respondents identified document review quality and efficiency as their biggest challenge. 31% ranked improving operational efficiency as a top concern. 🔹 AI Driving the Future: Technological advancements, particularly AI, are expected to be the top trend shaping the legal industry, according to 46% of respondents globally. 💡 Law Firm vs. In-House Trends: 53% of law firms are actively evaluating AI options. In contrast, only 25% of in-house teams are currently doing the same. 💬 What trends or challenges do you think will shape the future of the legal profession? Link to download the report in comments. #eDiscovery #LegalTech #ArtificialIntelligence #GlobalSurveyReport #Consilio

The legal market is entering a pivotal era. According to recent, markedly similar, industry reports, 2024 brought historic growth in demand and revenue, coupled with pressures to innovate and adapt. With this momentum, 2025 presents unparalleled opportunities for law firms to refine how they deliver value to clients.   🔑 Key Trends Driving Law Firm Market Change: 📈 Rising client expectations for outcomes over inputs, pushing firms to rethink the billable hour. 💼 Strategic shifts toward tailored pricing and practice-specific growth in areas like regulatory compliance, litigation, and M&A. 🤝 Demand for seamless collaboration between legal professionals leveraging emerging technologies. 💡 The transformative potential of generative AI, requiring robust governance, a ROI focus and strategic investments.   At Unbiased Consulting, we collaborate with our law firm clients to embrace these challenges head-on. Whether it's optimizing client service delivery, enhancing operational efficiency or implementing forward-thinking technologies services are designed to keep firms agile and competitive in this evolving landscape.   ✨ The Outcome: Improved client satisfaction, stronger market positioning, improved profits, and a sustainable path forward in a profession under increasing transformation pressure.   📢 Let’s make 2025 the year your firm excels in client service delivery and firm growth. Reach out to learn how we can help.   #LegalInnovation #ClientService #LawFirmGrowth #GenerativeAI #LegalIndustryTrends

Let’s make DORA contractual compliance simple.  On 26th November at 1pm GMT, ContractPodAi and PwC UK are teaming up to bring you a webinar that cuts through the complexity of #DORA, and offers practical solutions to achieve contractual compliance. We’ll cover everything from the key requirements to actionable steps, while showcasing how AI can lighten the compliance load. This isn’t just another academic session—it’s your essential guide to transforming your contracts as we approach the looming deadline of 17th January 2025.  Ready to take control of your contractual compliance journey? Register today and join the conversation: https://ow.ly/L9tj50U82CN #DigitalResilience #EURegulations #RiskManagement #RegulatoryCompliance #FinancialOrganisations #Contracts #ContractRemediation #GenAI #FinancialServices #LegalTech Mark Langsbury Shakil M. Jennifer Chambers Jonathan Nugent Christopher Neill Rajesh Chavda Trusha Kachhela