Depending on the characteristics of the company, the construction of a legal department requires some requirements or others. However, from a general point of view, we understand that the principle to be followed would be the attraction of professionals with solid legal experience as well as a high level of knowledge of the sector of the organization. However, a legal department within the company (in-house) brings a greater advantage because: Now, in Spain, there is still a long way to go, and only companies that have a legal culture led by their CEOs or directors understand the value of betting on legal advice integrated into the company. For this reason, we will look below at what legal operations are and what they mean, as well as the need to rely on software to run businesses. As organizations transform, grow, and operate in more complex environments, legal departments are eager to meet the growing demand for fast, risk-tolerant support at all levels of the business. Over-reliance on traditional workflows, lack of streamlined processes, and manual execution of repetitive tasks lead to bottlenecks that delay basic business initiatives in the legal field. Therefore, it is necessary to have a thorough knowledge of new technologies in the markets and the legal consequences of their use. Over the past year, the work environment has changed a lot. The workforce is no longer completely in the office, but many workers do their work from home. And these and other changes have led to a drastic drop in the performance of many companies. For this reason, the main task should be to check the performance of each workspace. How does the company manage its legal department? Do you use a solution for compliance, risk, governance, audit, and regulatory data tracking and storage? There are still many companies that use spreadsheets that are clearly not adapted to the current needs of companies.
Paul Allen, General Counsel of Fischer Homes, describes how Gartner`s information and consulting department helped him create a legal department and improve the legal activities of various organizations. With regard to this last point, the legal operations team must ensure the optimization and efficiency of the technology used. And in this sense, entity management software is a main task, as we see below. In recent years, we have seen a profound shift in legal services, leaving behind the figure of the in-house counsel who was only called in when a problem arose. Currently, legal advice has a dual functionality: it continues to send legal technical questions and also assumes a business partner role by integrating legal functions and planning into the service of corporate strategy. All this while carrying out preventive work of the company in an additional way. Finally, I would like to stress that in the uncertain times we are experiencing, the role of legal advice as a cornerstone of any organisation is at the centre. When assuming a leadership role, in-house counsel must increasingly address the cross-cutting issues that affect the company and provide legal and business certainty in every decision-making process.
In short, the lawyer has ceased to be a reactive professional to become a business partner who advises, directs and takes a preventive position on the company. All this makes the staff who make up the legal department highly competent and well qualified. Since the 2008 crisis, the vast majority of companies have refocused legal services and only outsourced very specific issues to law firms. This trend has helped redefine the numbers: while the lawyer of the law firm is increasingly a pure consultant, the in-house lawyer assumes a role of partner. Traditionally, lawyers have been trained to solve legal problems, with less emphasis on department management, so it was always the “in-house” lawyer who was responsible for resolving unforeseen events related to the company`s legal activities. Without a doubt, the legal operations team is here to stay. In recent years, this profession has evolved considerably and is now perfectly adapted to what is expected of an integrated management consulting firm. The use of robust and obsolete technology is a guarantee of inefficiency. On the contrary, entity management software ensures the maximum efficiency of the company`s legal processes through compliance schedules, reminders, and workflows aimed at achieving the best results.
Conquer new business goals with greater speed and confidence with expert advice and best practices. Integration of the activities of the legal department with communication with all other areas of the company, as well as with external consultants, This list lists some of the many tasks that fall under the responsibility of employees in the legal field of a company. In addition to technical skills, it is important that professionals are aligned with the company`s philosophy and values. Otherwise, their contribution will not be like a backbone of the organization, but could fall into a mistake that has traditionally occurred in the industry: being a department that slows down business instead of promoting the legal culture within the company. Having a legal department in the company is very useful as it will help avoid future problems and economic losses. The Legal Operations Department is located in the area of legal advice (integrated into the business) and could be defined as a “new” profession of taking a data-driven approach to solving legal problems. To respond effectively to the growing workload, legal teams need to strengthen companies` ability to make better decisions. Implement three key changes in your legal processes and transform your service, sales, and procurement models to increase business value. In the past, companies that were part of regulated sectors (such as pharmaceuticals, finance, insurance) were the most likely to have an in-house legal area due to the requirements prescribed by the standard. For several years, however, the regulatory framework and the pressure on regulatory compliance have led some companies to rely on the internalization of legal issues or additional staff in this area. The centralization of the work of the legal department becomes a major need, because: For this reason, the global Corporate Legal Operations Consortium (CLOC) was created, which created a clear framework for those responsible for legal operations: cloud technology benefits the legal and legal task in a company in a way that has never been possible thanks to the integration of tasks, People and documentation simultaneously and asynchronously on a single application platform. For example, professionals in a company`s legal department should use the data to measure the company`s legal functions, the time invested in responding to a client since receiving a request, the expenses of external consultants, or the time spent performing a contract.
In short, it is about measuring the daily tasks of a lawyer to make decisions based on verifiable data. The main task of the Procedural Law Department is to provide a pre-procedural and procedural service to the firm`s clients, with a focus on advising natural and legal persons. There is a tendency to use external legal services to handle everything related to this matter and the representation of the company.