Care Initiatives is the largest non-profit skilled nursing and long-term care provider in Iowa, with 43 nursing homes and eight hospice offices located throughout the state. When the organization first established an in-house legal team in late 2020, the new in-house lawyer saw an opportunity to move from disjointed contracting operations and manual processes (often involving physical contracts, which posed significant challenges amidst changing public health mandates) to a more centralized approach with consistent approval processes across locations and vendors.

Read how they digitized 33 years’ worth of contracts in just 10 days.

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You may have heard that the legal industry (or at least some major sectors of it) are recession-proof, however that doesn’t mean that legal jobs are protected from the same macroeconomic factors that are causing layoffs in tech and other industries. While the outlook for attorneys may be better than the average, layoffs can happen to anyone at any time. And even though the tech sector has received the most press in 2023, law firms have not been immune to the recent layoffs trend. And some are predicting that this unfortunate trend will only continue throughout this year.

Being laid off is incredibly disruptive and frustrating. No matter what position you’re in, there are things you can do to make the situation easier to manage and come out the other end in an even better position.

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Legal operations professionals have a lot on their minds this year. From the overall economic uncertainty to new data privacy regulations to the effect of artificial intelligence applications like ChatGPT on business, there is a lot for in-house legal teams to manage, and that is just scratching the surface.

To learn more about the trending topics in legal operations for 2023, we asked professionals across the spectrum to share their Legal Ops New Year’s Resolutions with us. The responses covered a wide variety of topics, but there were some common themes: reducing legal spend, utilizing technology to improve efficiency and workflows and creating better processes around legal functions are important goals for many in the industry.

If you’re interested in what legal operations professionals are looking to accomplish in 2023, here are some highlights from the conversation.

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In Contract Management – it’s ALWAYS draft day.

Discover better Contract Drafting and creation with Contract Drafting Software tools within Contract Management Software.

 

READ HERE: https://www.cobblestonesoftware.com/blog/contract-drafting-made-easy-with-contract-management-software

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In today’s fast-paced, highly competitive landscape, successful business strategies are those that are efficient by nature. Automated document redaction software is just one tool organizations can use to make the cut, and offer numerous benefits over the conventional way of doing things. This article will explain the importance of redaction in detail, the challenges usually associated with the process, and how digital tools can solve them.

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A legal marketplace has many advantages for buyers in need of legal services. Think of it as a platform like Zillow: You can put in a variety of criteria to perform a search, and then analyze the results and find exactly what fits your needs, whether that is a certain price, location, type of transaction or almost any other data point you would want to use. Companies searching for legal services on Priori Marketplace can find lawyers on our network to handle almost any kind of project. The most common needs fall into four main categories:

  1. Project based support, whether niche expertise, local counsel or simply searching for cost-effective alternatives

  2. Overflow support for high-volume company work (commercial contracts, NDAs, healthcare agreements, employment matters, marketing and advertising, data privacy and security, etc.)

  3. Staffing support, including secondments

  4. Supporting outside counsel diversity and inclusion initiatives

If your legal department is looking to hire outside counsel, you might be wondering what finding a provider on a legal marketplace looks like, and what the advantages are compared to your other options. Using a legal marketplace is as easy as performing a search. Learn how it works in this article.

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Wondering how innovative companies are using legal marketplaces to achieve their outside counsel goals? Our latest blog post takes a deep dive into Anchorage Digital’s use of Priori to find the right outside counsel and manage their legal spend. Check it out on the Priori blog.

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For many legal departments, the outside counsel selection process still relies exclusively on word of mouth referrals. In fact, 47.4% of legal operations professionals say they have no formal process for hiring outside counsel, according to The Blickstein Group’s 15th Annual Law Department Operations (LDO) Survey Report. The report comments that “the methods used to engage outside counsel remain rooted in the past,” which is “extremely problematic.”

It makes sense that many attorneys aren’t taking advantage of outside counsel data and technology-driven procurement processes—the old saying “if it isn’t broken, don’t fix it” still rings true for many people. However, legal departments that are pursuing these avenues are often able to achieve ambitious cost-savings, time-savings and diversity goals. Priori’s Marketplace and Scout platforms offer ways to leverage data and technology to make the outside counsel hiring process seamless.

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When it comes to legaltech, the term can have different meanings to different people. At its most fundamental level, it means technology used by attorneys and other professionals in the legal industry to get work done. At Priori’s recent webinar, “Building a Tech-Powered Legal Practice: Myths & Questions About Legal Technology,” our Marketplace Network Director, David Drew, Ashley Carlisle, Corporate Attorney & Head of Marketing at HyperDraft, and James Sherer, Partner, Co-Chair Emerging Tech Team at BakerHostetler, dug into the different ways technology is used in the industry and shared advice for attorneys interested in streamlining their processes using legaltech. Here are some of the highlights from their discussion.

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Legal organizations are continually seeking ways to reduce their eDiscovery spend, manage eDiscovery processes more efficiently, and accurately forecast their legal budgets. Metrics play a significant role in achieving those goals.

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