A recent study suggested that nearly 20% of in-house lawyers would consider leaving their roles if their department did not invest in AI, with 65% stating technology skills would be crucial in the next three years. It comes as no surprise, then, that 44% also believed legal operations would become increasingly critical in the coming years. While this is already the case, it is becoming more and more clear that legal operations are the key to whether a legal department falls behind or not – it is up to them to drive and lead the change proactively rather than wait for it to happen to them. 

-  Assess the role AI will play in reshaping the role of legal professionals, and what new skillsets will be necessary to adapt to the new functioning of the legal team in future years

-  Discuss the role legal operations will have to play in the ethical matters concerning the AI tools they choose to establish, and what new ways of thinking they might have to adopt to navigate growing complexity and continuous change

-  Explore the changing role of legal operations as it continues to move from support function to central driver of organizational strategy, and what it means to shape business outcomes as opposed to simply enabling them

With the constant influx of providers and solutions, it can often be difficult to assess which one is most suited to your needs and model, whether you are building from the ground up or adding onto your existing stack. What’s more, with capacities accelerating quickly in-house, it can be even trickier to determine whether buying offers more than building. External solutions tend to be necessary in certain cases (although there is growing hesitancy), but each situation will require a tailored solution to make sure it is just right for you and your team and aligns in the long term with your business model and goals. Join this session to consider the decision-making behind the scenes of each solution, and the implications of efficient collaboration with third parties.  

-  Evaluate the pros and cons of building vs. buying solutions according to a range of scenarios

-  Assess the questions to factor into your decision-making when selecting a third-party provider to ensure your collaboration is as fruitful as possible

-  Understand what is needed from you, your team and your current infrastructure, and build a strategy according to what you have available