The legal operations function is no longer focused exclusively on providing efficiencies to the department itself. It is evolving toward delivering more value throughout the organization. Simply put, LDOs are taking more of an outward-facing approach to enhance the value they provide to their corporations overall.
The 14th Annual Law Department Operations Survey, published in collaboration with Deloitte, demonstrates this evolution in its data.
■ “Value provided to the corporation” is now the second-highest-ranking KPI
■ More than half of respondents are now frequently involved in enterprise-wide strategic initiatives
■ Most respondents now interface frequently with the c-suite and other corporate leaders
■ More than half say they plan to evaluate or implement contract management solutions, which is one of the most frequent processes in which law departments provide support and value to the rest of the corporation
■ Brad Blickstein, Principal at Blickstein Group and Partner and Co-Head of NewLaw at Baretz+Brunelle
■ Mark Ross, Principal, Deloitte Legal Business Services
■ Jerry Levine, Chief Evangelist and General Counsel (Americas) at ContractPodAi
Now in its 14th year! The annual Blickstein Group Law Department Operations Survey, published in collaboration with Deloitte, continues to provide law departments with a consistent platform to benchmark themselves and shed light on key trends. And this year’s report shows how the law department operations function is evolving toward helping law departments deliver more value to their corporations.
To download the free report, visit ldosurveyreport.com