Data Digestion

Question 1

Data ingestion explanation

Answer 1

-As legal teams generally have not been collecting data on the activities of their legal work, or at least not digitally, the first hurdle for legal teams is to ingest this data.
-There are tools necessary to ingest data which legal teams will either have to build, buy or repurpose from other teams within the organisation.
-The trick is to ingest this data without putting more workload onto the lawyers themselves.

Question 2

If they do

Answer 2

-It is essential to ingest this data or legal teams risk not maintaining speed, accuracy and reliability in their work which will have a negative knock on affect to changes in regulation or the ability to complete contracts in a timely manner.
-In doing so they are able to modernise through knowing where able to invest in tools and innovate in the current and future landscape of legal tools that rely on data.

Question 3

If they don’t

Answer 3

-The negative impact of not ingesting this data firstly is having inefficient processes meaning teams will continue to rely on manual processes which are time consuming and prone to errors.
-Further, as many new technologies, tools and software that legal teams are beginning to use, without such data these tools are ineffective meaning the teams cannot innovate and improve efficiencies associated with these tools.

Question 4

Strategies

Answer 4

-The key to ingesting data effectively for an organisation relies on not increasing the workload of the lawyers themselves.
-As such utilising purpose built tools such as e-billing tools or CLMs. -Essentially teams need to track work allocation, transactions, and spend.

Question 5

Solutions

Answer 5

Legal front doors – This can be built internally, often repurposing tools from other teams such as salesforce or finance tools. Or purchases tools such as LawVu.

Question 6

Inhibitors

Answer 6

-New tools can be too expensive for some legal teams who are already working on stretched budget.

-Resistance from employees who are used to traditional frameworks and tools.

Question 7

Related session

Answer 7

THE LEGAL FRONT DOOR – INGESTING DATA TO INFORM DECISION-MAKING AND IMPROVE EFFICIENCIES
- Kate Maton, Network Rail.