The Latest in Corporate Counsel and Legal Technology News (January 2022 Edition) | Onit
Welcome to the January digest of major lawful technological know-how information and resources for in-house counsel and legal functions gurus. In this version, you are going to read about the difficulties shaping legal and legal know-how as we enter the new year, such as an expected increase in lawful disputes, the legal know-how that is serving to GCs do well and the risk that the elusive sabbatical may perhaps come to the in-home environment.
1. Almost a Third of World wide Providers Hope Disputes To Boost In 2022, Examine Finds
According to a new report from world-wide legislation firm Baker McKenzie, practically 1-third of the world’s organizations assume to see an improve in disputes in 2022. Not astonishingly, troubles similar to COVID-19 and cybersecurity – two of the most important issues in the past calendar year – are expected to be the biggest threats. Particularly, 57{f8f9f7e6fa72495c30ab254213729fbbad6cff923a9c63d260c5c902274d4d9d} of respondents claimed cybersecurity disputes ended up most concerning for their companies, when 48{f8f9f7e6fa72495c30ab254213729fbbad6cff923a9c63d260c5c902274d4d9d} observed the pandemic as generating the biggest exposure to opportunity legal disputes. As we transfer ahead in the coming 12 months, corporations need to be braced for an uptick in court docket filings.
Source: The World wide Legal Post
2. The Program That Lets GCs Showcase Their Worth
In recent many years, lawful engineering has played a major role in serving to in-dwelling counsel juggle the competing demands of obtaining more performed for their organizations whilst trying to keep expenditures to a minimum amount. Jared Correia recently sat down with friends (which include Matt DenOuden, SVP of World wide Gross sales for Onit) in the newest episode of his Previously mentioned the Law’s Non-Eventcast podcast to go over just that. The episode focuses on how in-residence counsel can ideal leverage subject administration and authorized commit management application to support reduce overhead and make improvements to operations. You can listen to the entire podcast on Apple and Spotify.
Supply: Earlier mentioned The Regulation
3. The Latest Perk for In-Household Legal professionals: Sabbaticals
Here’s an exciting development for these holding up on authorized know-how news: Time off! We all know a lawyer or two who could use a break, in particular right after the earlier couple of years. The great information is that additional may well before long get a person. Sabbaticals have not generally been integrated in in-residence counsel compensation deals. However, a record selection of attorneys remaining the workforce in 2021, generally thanks to burnout, elevated personal demands, a will need for far more flexibility and other problems prompted by the pandemic. This has some firms rethinking their stance on sabbaticals. Lots of recruiters are positing that employers may possibly start working with sabbaticals as a means of attempting to retain prime talent in a competitive legal marketplace.
Source: Law.com
4. The Top rated Legal Technology News Stories of 2021
There’s no issue that 2021 was a yr of ups, downs and anything in concerning for authorized technological know-how information. Below, technology evangelist and lawyer Nicole Black lays out the major 5 authorized tech news stories that dominated headlines very last year for the ABA Journal. The tales consist of the evolution of remote get the job done, the uptick in cybersecurity risks, the sizeable boost in resignations in the lawful market at the affiliate degree, the prevalence of mergers, acquisitions and consolidations in the legal tech house (including Onit’s acquisitions of Bodhala and BusyLamp), and significant lawful tech IPOs that occurred in 2021.
Supply: ABA Journal
(PS: Onit not too long ago introduced its most current acquisition, SecureDocs, which brings agreement administration to SMB customers. You can examine extra about it here.)
5. Legalweek Conference Shifts to March
COVID-19 proceeds to disrupt conference season. This time, Omicron considerations have pushed Legalweek. Just one of the foremost conferences for legal technology news and improvements is relocating from the last week of January to March 8-11. If you are registered, you really do not have to change a issue except your lodge reservations. The convention, which legal believed leader Bob Ambrogi estimates to be in its 40th year, welcomes hundreds of attorneys, in-property counsel, legal operations leaders and authorized IT pros each calendar year.
Supply: LawSites
We look ahead to bringing you more news and insights as the new calendar year progresses.
