Category: Business Process Management

The Evolution of Matter and Legal Spend Management

Onit has spent decades studying what’s worked for other legal corporate legal departments to develop enterprise legal management (ELM) solutions that are flexible and easy-to-use. In our eBook, “Matter and Spend Are Just the Beginning: A Guide to the Enterprise Legal Management Paradigm Shift” we outline the evolution of these solutions.

Today, ELM systems are in use among 20% of legal departments and that number is expected to rise to 50% by 2020 according to Gartner. As the pace of business increases, legal departments find themselves required to provide a wider range of services with less resources and time. At the same time, data breaches have become more common and the risks associated with them have gone up a great deal.

These and other trends conspire to create an environment where robust ELM solutions are required. But do the big players in the field offer solutions that really respond to those needs?

Today, companies require in-house counsel to accomplish much of what outside counsel was entrusted with in the past. In decades past, a semiannual process may have been sufficient for the small internal legal staff with a focused set of responsibilities. 

As internal teams get bigger and the scope of work grows, old processes tracked on Excel spreadsheets or rudimentary databases no longer fulfill the team’s needs. On top of falling short on tracking and data storage, these solutions either do not include process enhancements that are slowly becoming standard or will require a significant ongoing development investiture that a company may not be able to afford to maintain.

With 15% of legal teams using homegrown solutions, (on top of a third using none at all and another third claiming they “don’t know,”) the true value of intelligent ELM will continue to become more pronounced as the gap between early adopters and those left behind grows….

Click here to download the eBook and read more.

 

Onit is the industry leader when it comes to Enterprise Legal Management (ELM). Our solutions are flexible, lightweight and easy-to-use. Click here to schedule a demo with one of our ELM experts.

The Past, Present and Future of Enterprise Legal Management

In our latest eBook, we outline how Onit is transforming the way legal departments drive operational and process improvements.

While traditional enterprise legal management (ELM) systems were built “database-out,” companies today need systems that augment and facilitate engagement, instead of merely providing access and storage. What a business needs today to empower “a better way to work” is a system built from the user perspective with a focus on process.

Technology has come a long way. By expanding our concept of ELM to include more of the day-to-day work that limits legal’s ability to contribute to the bottom line, we can improve process, collaboration and workflow to achieve a higher level of performance that better serves current and evolving business needs. In addition to matter management and spend management, ELM also includes (or rather, should be understood to include):

The Future of ELM 

Gartner predicts the adoption of ELM Solutions will increase from 20 to 50% by 2020. While traditional ELM systems require constant IT maintenance and attention, modern ELM solutions are lean and nimble and tend to work in a more straightforward manner. In many cases, users can configure, deploy, and support Onit solutions with no corporate IT involvement. This is because they are designed and built in an intuitive, “no code” environment that can be learned without even the need for a training session. 

Click here to read the full eBook.

Learn more about bringing your legal department into the future with Onit’s ELM solutions. Schedule a demo today or check out our blog for more information about the many benefits of ELM.

Top 4 Reasons Why You Need An Enterprise Legal Management Solution from Onit!

1. Efficiency – Enterprise legal management (ELM) from Onit are flexible, lightweight, and easy-to-use. To us, ELM is more than just matter and spend Management. Our ELM platform that lets you solve the “whole” of your legal department’s needs, whether that is for contract management, NDA creation and distribution, Legal Holds, SEC filings, eDiscovery or IP issues.

2. Quick Setup – In today’s environment, most ELM initiatives take between nine to 12 months for scoping, implementation and final execution — if not longer. ROI is typically not measured for months after completion. Our implementation process is unique in that no other ELM vendor can offer such quick deployments. Our typical ELM implementation beats the average implementation process by months.

3. Highly Regarded Solutions – From Gartner to Legaltech News, the legal industry is talking about Onit. It’s big news in the industry that no other ELM solution provider approaches legal department operations with “process” as its foundation.

4. Be Ahead of the Curve – Gartner predictions from the February 2016 Market Guide Report suggest that the adoption of ELM solutions will increase from 20 to 50% by 2020. Save your legal team some time by implementing early on.

Onit’s configurable solutions can help corporate legal departments of all sizes. Schedule a demo with us today to learn more. You can also check out our blog for additional articles to learn more about ELM.

Enterprise Legal Management is “Hot” Topic at Summer Tradeshows

Onit’s had a very busy summer so far. We’ve been attending conferences and tradeshows all over the country to educate corporate legal departments about the benefits of enterprise legal management. Last month we hosted a session at the CLOC Corporate Legal Institute, “Process Matters: ELM Redefined – Beyond Traditional Legal and Spend Management – Law Department Operations for the 21st Century.

Lead by Onit founder and CEO, Eric M. Elfman and David Cambria, Global Director of Operations – Law, Compliance and Government Relations, Archer Daniels Midland (ADM), the two thought leaders discussed trends in the Enterprise Legal Management (ELM) space and highlighted how “process” is redefining how legal department operation managers provide “continuous” value to their company.

Brad Blickstein, a contributor to Legaltech News attended and wrote an awesome article inspired by our session titled, “Next Generation ELM Must Be About Process, Collaboration, Automation.” Below are some of our favorite excerpts from the piece:

“Last month, I spent the better part of a week at the inaugural CLOC (Corporate Legal Operations) Institute in San Francisco. CLOC is a grassroots organization of law department operations professionals, and the Corporate Legal Operations Institute was their first effort at a conference. It was a big success, with legal operations leaders from more than 130 companies getting together for three days of networking and education.

One of the sessions I was most interested in was one of those forward-looking sessions, titled “ELM Redefined: Beyond Traditional Legal & Spend Management—Law Department Operations for the 21st Century.” The main speaker on the session was David Cambria, global director of operations, law, compliance and government relations at Archer Daniels Midland Company. David and I collaborate on the annual Law Department Operations Survey, and he’s about as knowledgeable as they come in this area…

…So what should a “next generation” ELM system look like? For starters, managing a legal enterprise in today’s environment requires a lot more than just information about matters and spend. “Of all the things we spend time on, 80 percent are not supported by the tools that supposedly provide enterprise legal management,” says Cambria. According to the 2015 Law Department Operations survey, an LDO’s time is split quite evenly (between 5 and 17 percent of their day) among seven different areas: outside counsel management, technology, law department strategy, law department administration, vendor management, financial reporting/forecasting and electronic discovery. If a system is going to call itself an “enterprise” system, it needs to help the department manage all those areas, and more.

Read the complete article here.

Thank you to everyone who attended our sessions over the past few months. Your presence and eagerness to learn more about ELM means the world to us. We appreciate your time and hope that if you’ll be able to join us again soon. If you have not had a chance to attend one of our sessions, check out our calendar of upcoming events. We’d love to see you this fall!

For more information about how ELM can help your corporate legal department, check out The Plain and Simple Facts about ELM.

The Plain and Simple Facts about Enterprise Legal Management

To get started, let’s first start with a few definitions:

  • The term Enterprise Legal Management (ELM) was coined about 12 years ago to connote broad support of everything that Legal Departments are involved with. The term is also practically defined and referred to as simply Matter & Spend Management.
  • Matter Management is essentially the database that legal project information is stored in, such as parties, details, vendors, etc.
  • Spend Management is the system that handles the electronic invoices, runs business rules against the line items providing audit and validation functions. It’s also the system where financial analytics are run.

Matter and Spend Management are foundational but represent just a fraction of the needs of a corporate legal department. Learn more about Legal Service Requests, Legal Holds, Contract Management, and NDAs.

The Benefits of ELM Solutions for Your Corporate Legal Department

Law departments must provide better service to their businesses and improve operational efficiency:

“In addition to the responsibility of managing documents, e-billing, matters and outside counsel, it’s equally important for corporate legal departments to be involved in business processes and continuously optimize the organization’s processes to improve business performance against goals and objectives. In an enterprise legal management context, BPM includes the automation of manual processes through methods such as workflow and collaboration functionality.” – Gartner: Magic Quadrant for Enterprise Legal Management, 23 Oct. 2013

The future is now and with the proliferation of enterprise solutions that respond to the full range of business needs, it has become increasingly hard for organizations to justify selecting or retaining an aging ELM system.

ELM solutions from Onit are flexible, lightweight, easy-to-use, and directly provide increased operational efficiency and decreased IT labor. We help corporate legal departments keep their practices and businesses running more efficiently.

This isn’t just a trend. Gartner predictions from the Feb. 2016 Market Guide Report suggest that the adoption of ELM solutions will increase from 20 to 50% by 2020. Get ahead of the technology curve and save your team some time by implementing early on.

Learn more about how Onit’s can customize solutions just for your corporate legal department. Schedule a demo with us today or check out our additional reading on ELM below.

Enterprise Legal Management Needs to Grow Up
4 ELM Code Phrases to Fear
Ten Things You Need to Know About Enterprise Apps and How They Relate to ELM
The New Technology Curve
The 4 Axioms of Enterprise Legal Management

Legal Hold and Legal Service Requests in a Black Hole?

Both Legal Holds and Legal Services Requests are hot topics in the legal technology community right now. Just last month LegalTechNews.com had experts discuss legal hold processes and what to look for in a solution.

Legal Holds

TechTarget.com does an excellent job outlining and clarifying legal holds, citing:

A company must preserve records when it learns of pending or imminent litigation, or when litigation is reasonably anticipated. Litigation hold prevents spoliation (destruction, alteration, or mutilation of evidence) which can have a catastrophic impact on the defense… 

…Implementing a litigation hold process can be challenging for storage administrators. All companies must establish a sound retention policy and apply that policy to their storage systems.

Onit’s Legal Hold solution helps corporate legal departments: 

  • Notify custodians of their duty to preserve information in a timely manner
  • Automatically assign tasks to the appropriate in-house team member
  • Gain real-time access to the status of collection requests
  • Minimize company risk and increase defensibly
  • Ensures all relevant data is properly collected and preserved. 

Lawsuits happen and though it’s not fun to think about it’s wise for your company to be prepared. Onit’s Legal Hold solution makes it easy to demonstrate that your company has exercised the proper care in preserving and collecting digital evidence.

Legal Service Requests 

Business partner requests for legal services are often tossed into the legal department sporadically by email, text, or informal conversations from various departments. Tracking and assigning these requests can be a major headache if there is no standard process in place.

Onit’s Legal Service Request solution simplifies the intake process by: 

  • Giving business partners a simple portal to interact and engage with the legal department
  • Providing the legal department with a comprehensive view of all legal service requests
  • Automatically generating notifications to keep business partners updated
  • Offering clients an easy way to keep track of the status and resolution of their legal service request

As legal technology advances, stay ahead of the curve. Let Onit’s Legal Hold and Legal Service Request solutions help automate your processes and save you time. Click here to schedule a demo and learn more about how Onit can help your legal department.

Contract Status?

Swimming in hundreds of contracts but can’t manage to wade through them all? Is your manual contract management method slowing you down? It’s time to simplify your review and approval process with Onit’s ReviewAI & Approval App.

Check out the video below to learn more about how to streamline your contract management process:

Now that Onit’s ReviewAI & Approval App has all of your comments and revisions in one convenient place – what about the documents themselves? Are you still digging through files to locate years old contracts? Take the headache out of contract administration with an App that’s easily accessible at the click of button.

For more about how Onit’s Contract Administration App can help you get organized and put your contracts right at your fingertips – Check out the video below:

To learn more about improving your contract management and contract review processes, download our white paper – “Simple Contract Management: Apps That Improve Efficiency, Reduce Cycle Times and Help Legal Departments Run Like a Business” or schedule a demo.

4 Enterprise Legal Management (ELM) Code Phrases to Fear

Our previous two posts discussed – Enterprise Legal Management Needs to Grow Up and The Beginning of the ELM SaaS Revolution. This will address some of the ways traditional ELM vendors may try to shift the blame for problems introduced by overcomplicated, underpowered solutions to the customer.

If you hear the following four phrases when evaluating an ELM offering, consider the following translations before you make your decision:

“Senior management has to champion the idea.”

Translation: People won’t use this unless they are forced.

This is something you’ll hear if user experience (UX) isn’t considered an integral part of the design process. Onit ELM solutions are designed to be configured to existing workflows, making adaptability and user adoption simple.

“Change Management is essential for success.”

Translation: The benefit to your business and legal users is illusory.

If a solution claims to offer a significant benefit, that benefit shouldn’t be negated by the amount of effort required to enforce compliance with a new process. Change management is entirely unnecessary when a solution is designed with the user and workflow in mind.

“A strong training program is critical to adoption.”

Translation: This software is incredibly hard to use.

It’s 2016. The vast majority of us have daily interactions with multiple pieces of software. We know our way around a computer. If we still need to attend multiple training sessions to learn how to operate a user interface, that is not a failure on our end. It is a failure in design.

Business software should work and be designed with the same expectations of usability as consumer software.

“We release new versions once or twice a year.”

Translation: Prepare to spend a lot of time and money staying current.

With already lengthy implementation times, frequent version updates can make keeping an application current a full time job. You shouldn’t pay someone a salary to maintain minor changes and oversee the addition of features you never asked for and don’t need.

Case Study: Transforming the Way Legal Works

Now, let’s look at what you can expect from a standard Onit solution implementation.

Onit partnered with a large Fortune 500 client to deploy an NDA App. The company’s in-house legal department processed upwards of 10,000 NDAs annually, with an average turnaround time of 16 days.

Onit developed and deployed a prototype solution within a month to handle global submission, negotiation, and electronic signature of NDAs that supported the existing demand.

The company processed over one thousand NDAs within the first month of deployment, with the completion time reduced to just 24 hours (that’s a 95% reduction from the previous average.) 90% of the NDAs were processed without lawyer involvement.

Modern ELM solutions from Onit are cheaper, quicker to deploy, and more responsive to your actual business needs.

Learn more about what Onit brings to Enterprise Legal Management in our free white paper“ A New Approach to Enterprise Legal Management.”

The New Technology Curve

Preparing Enterprise Legal Management (ELM) for the SaaS model

Over the last two decades, the software industry has rapidly evolved. Vendors across all industries have come to see the benefit of the Software as a Service (Saas) model, drastically changing the way individuals and companies interact with software.

A high level of end user support has become integral to almost every serious enterprise software solution, and user interfaces and UX design have received the serious attention they deserved. People have become accustomed to certain design philosophies that support usability and efficiency.

The same can’t be said for the majority of enterprise legal management vendors, though. Regardless, it is inevitable that the database-centric philosophy of ELM will be supplanted by intuitive, user-centric solutions that have already become the norm in many other business areas.

Indicators of the Future

Cloud-based solutions are coming to increasing dominate various marketplaces, but SaaS means more than the just taking an existing enterprise App and porting it to a cloud-based platform. Salesforce has revolutionized the CRM by thinking about CRM in a far different way than Siebel systems and others did. Companies such as Box and Dropbox provide convenient storage and sharing capabilities, making collaboration within organizations easier than ever believed possible. Amazon’s cloud web service provides on-demand content distribution with incredible scalability at a price point that was completely impossible a few decades ago.

And how did these companies do this? One common theme is that they abandoned the concept that the server, data, or document lies at the center of the process. They replaced them with the user.

Challengers Appear

In the ELM space, the challenge to the database-centric status quo comes in the form of enterprise solutions that, instead of boasting long feature lists and long implementation times, are simple to configure, easy to deploy, and address complex everyday problems.

Where the old market wants to “serve the data,” these new solutions learn from other new success stories in the enterprise software market and instead strive to make it easier for lawyers and other law department to successfully support business staff and get their work done.

Functionality, adaptability and adoptability supplant endless lists of out-of-touch features. Simple accessibility is made obsolete by tools that allow users to collaborate simply, easily and as part of their normal work streams.

Enterprise Apps can be built to serve both large and small companies, while the older ELM solutions are simply too complex and costly for law departments of all sizes — large and small. For this same reason, deployments can also be executed very quickly — typically in weeks (instead of up to or more than a year as is required of many traditional ELM systems).

A Different Architectural Philosophy

The biggest differences between traditional ELM systems reflect greater generational changes in how the discipline has evolved, as explored in the previous post. Some nice side effects of that are compatibility, labor savings, customizability, and quick deployment.

Compatibility

Many modern ELM solutions (such as those from Onit) are designed to be able to work alongside and together with systems that are already in place, allowing legal departments to both supplement the capabilities of what they have or to ease their transition to a more modern system.

Minimal IT Involvement

While traditional ELM systems require constant IT maintenance and attention, modern ELM solutions are lean and nimble and tend to work in a more straightforward manner. In many cases, users can configure, deploy, and support Onit solutions with no corporate IT involvement. This is because they are designed and built in an intuitive, “no code” environment that can be learned without even the need for a training session.

A Solution for Every Workflow

Solutions for standard processes like contract review and approval, NDAs, alternative fee arrangements, and matter or legal spend management are offered prebuilt. For more esoteric needs particular to a business, solutions can be created from scratch with minimal delay in deployment.

Drive Operational Improvements Easily

Unlike the development and implementation process for a large enterprise legal management system, which can take several months or years, the average time it takes to implement an Onit solution is less than 20 days. While the most complex implementations can take up to 90 days, this still beats the average for ELM systems by months.

Learn more about what Onit brings to Enterprise Legal Management in our free white paper “A New Approach to Enterprise Legal Management.”

Enterprise Legal Management Needs to Grow Up

To justify the bold assertion of this article’s subtitle, it is first necessary to understand how today’s traditional enterprise legal management (ELM) systems were born.

The ELM market as it exists today can be traced back to 1978, when Equitable Life’s law department saw the potential for their new WANG VS word processing system to do more. It could be used to manage the details of each legal matter, details regarding outside counsel, and many other things that Equitable Life needed to monitor about their day-to-day legal operations.

Matter Management

Partnering with CompInfo, Equitable developed a matter management system that ultimately became a product called Corporate LawPack. Over the next two decades, Corporate LawPack was ported to a variety of hardware and software platforms, leading to its eventual adoption by the legal departments of many Fortune 100 companies, as well as within many governmental and financial institutions.

The 1980s through the mid-1990s saw the broad adoption of matter management software, designed to facilitate the administration of corporate legal practices. These solutions, while providing a robust matter database, did not affect lawyers or law department efficiency. Primarily, they served as reporting tools.

These databases required a tremendous amount of data to be manually entered if it was expected to drive any meaningful value. For this reason, these systems were not widely used by lawyers themselves and instead relied heavily on support staff to operate.

Spend Management

In the mid-1990s to the early years of the 2000s, matter management’s twin sister, legal spend management, made its entrance — driven, in great part, by DuPont’s implementation of the DuPont Legal Model in 1992. DuPont helped embed the notion that focusing on partnering with outside counsel and managing the rich data provided on legal invoices would lead to significant operational efficiencies and reduced legal spend. This led to the Uniform Task Based Management System (UTBMS) initiative and spawned the new class of spend management software.

Legal spend management systems gave clients visibility into the details of what law firms were billing and it became the primary means of exercising more control over how matters were managed by outside counsel. This transparency initiated a shift in the way legal business is conducted that continues today, with clients having more power to require alternative fee arrangements, enforce billing guidelines, affect cost reduction.

The Beginning of the End

The inevitable followed: spend and matter management provided by different vendors required costly and complex integrations. Customers found themselves managing one vendor relationship for matter management and another for spend management. Ultimately, a number of spend management vendors were acquired by matter management vendors or vice-versa, along with the development of spend management capabilities being built into existing matter management systems.

In either case, the new integrated matter and spend management systems created even more complexity and even steeper learning curves. So much time figuring out how to build an integrated matter and spend management platform was invested during this period that innovation — particularly around the user experience and actual legal department work process — essentially stalled.

When coupled with migrating their platforms from multiple operating systems, databases and supporting the introduction of cloud-based or Software as a Service (SaaS) platforms and other more agile technologies, vendors now find themselves struggling under the weight of their legacy technologies with little focus on real innovation in supporting the broader notion of legal operations and process management. Customers wrestle with software built upon a decades old concept that ELM is essentially a database problem.

But what if that is only half of the equation?

According to Gartner, that’s exactly the case: ELM is no longer just about matter and spend management. In addition to the responsibility of managing documents, e-billing, matters and outside counsel, it’s equally important for corporate legal departments to be involved in business processes themselves.

Gartner states: “In an enterprise legal management context, BPM [business process management] includes the automation of manual processes through methods such as workflow and collaboration functionality. Examples of these include the distribution and approval of legal documents, assignment of tasks and legal resources, as well as the monitoring of alternative fee agreements.”

These are roles that existing ELM vendors were neither built nor prepared for.

Learn more about the modern solutions to ELM stagnation in our next blog post (hint: it’s SaaS)! Or get the full story now from our free white paper.