The Latest in Corporate Counsel and Legal Technology News (January 2022 Edition) | Onit

Welcome to the January digest of leading authorized know-how information and means for in-household counsel and legal functions pros. In this version, you will study about the concerns shaping lawful and authorized technologies as we enter the new calendar year, including an anticipated increase in legal disputes, the legal know-how that is helping GCs succeed and the risk that the elusive sabbatical might arrive to the in-residence globe.

1. Pretty much a Third of International Companies Anticipate Disputes To Enhance In 2022, Research Finds

In accordance to a new report from global law organization Baker McKenzie, nearly a person-3rd of the world’s companies anticipate to see an raise in disputes in 2022. Not astonishingly, challenges similar to COVID-19 and cybersecurity – two of the most sizeable challenges in the earlier 12 months – are anticipated to be the most important threats. Specially, 57{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} of respondents reported cybersecurity disputes have been most concerning for their organizations, whilst 48{4224f0a76978c4d6828175c7edfc499fc862aa95a2f708cd5006c57745b2aaca} saw the pandemic as producing the finest exposure to opportunity authorized disputes. As we go ahead in the coming yr, organizations need to be braced for an uptick in court filings.

Resource: The World Lawful Write-up

2. The Application That Allows GCs Showcase Their Price

In the latest yrs, authorized engineering has performed a sizeable role in helping in-property counsel juggle the competing requires of obtaining a lot more accomplished for their businesses whilst holding charges to a minimal. Jared Correia a short while ago sat down with attendees (such as Matt DenOuden, SVP of World-wide Sales for Onit) in the latest episode of his Over the Law’s Non-Eventcast podcast to focus on just that. The episode focuses on how in-house counsel can finest leverage subject management and lawful devote management software package to help lessen overhead and strengthen operations. You can hear to the whole podcast on Apple and Spotify.

Supply: Above The Legislation

3. The Newest Perk for In-Dwelling Legal professionals: Sabbaticals

Here’s an interesting trend for those people keeping up on lawful technology news: Time off! We all know a attorney or two who could use a split, specially soon after the past pair of decades. The fantastic information is that more could shortly get a single. Sabbaticals have not frequently been integrated in in-residence counsel payment deals. On the other hand, a record quantity of attorneys left the workforce in 2021, predominantly thanks to burnout, improved particular requires, a have to have for much more flexibility and other problems prompted by the pandemic. This has some organizations rethinking their stance on sabbaticals. Quite a few recruiters are positing that businesses could possibly start using sabbaticals as a suggests of making an attempt to keep best talent in a aggressive lawful industry.


4. The Prime Lawful Technological know-how Information Stories of 2021

There is no problem that 2021 was a calendar year of ups, downs and all the things in concerning for lawful technological innovation information. In this article, technology evangelist and law firm Nicole Black lays out the major five legal tech information tales that dominated headlines very last 12 months for the ABA Journal. The tales involve the evolution of distant get the job done, the uptick in cybersecurity risks, the considerable raise in resignations in the lawful market at the affiliate level, the prevalence of mergers, acquisitions and consolidations in the legal tech space (which includes Onit’s acquisitions of Bodhala and BusyLamp), and major legal tech IPOs that transpired in 2021.

Source: ABA Journal

(PS: Onit recently introduced its latest acquisition, SecureDocs, which brings contract administration to SMB customers. You can go through additional about it right here.)

5.  Legalweek Convention Shifts to March

COVID-19 continues to disrupt conference year. This time, Omicron issues have pushed  Legalweek. One particular of the foremost conferences for lawful technology information and advances is shifting from the final week of January to March 8-11. If you’re registered, you never have to modify a point except  your resort reservations. The meeting, which lawful assumed chief Bob Ambrogi estimates to be in its 40th year, welcomes thousands of legal professionals, in-residence counsel, lawful operations leaders and legal IT professionals each individual 12 months.

Source: LawSites

We search ahead to bringing you a lot more information and insights as the new yr progresses. 

Marcy Willis

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