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Firstly, a confession. I’m not a technologist.
That’s a strange thing someone writing about trends in technology to say, I know. You see, I am a solutionist. I understand problems. I work with my teams to create solutions. Technology is almost always part of the solution – but it is the enabler, not the end result.
Drive for efficiency
Deliver more for less. Sound familiar? LexisNexis commissioned a report at the end of last year looking at key trends around technology in the In-house sector. 49% of those companies who were in the early stages of implementing a technology strategy predicted cost saving opportunities. Of those who already had sophisticated technology strategies, 58% expected it to drive savings.
As ever, having a real time understanding of the use of resource means that better expectations can be set. Human resources can be used more effectively and inefficient processes can be targeted and prioritised for process improvement. When organisations are budget capped, or resource is limited, it is all the more important to make informed data driven decisions.
Visualfiles, the Case Management System from LexisNexis, have recently delivered a new solution that allows firms to template likely costs and effort based on prior experience. Firms can track the management of matters in relation to the template. It offers real time warnings and guidance to help them identify issues earlier.
The recent focus on ethical and compliance risk has required organisations to be better prepared than ever to understand and mitigate their risk exposure. Just take GDPR. Data breaches are complex business events with far-reaching financial and reputational consequences. Managing incidents well, and making the right decisions on risk and reporting, requires a great deal of expertise, discipline and support.
That’s where Lexis’ Cordery Breach Navigator comes in. This powerful software tool combines legal expertise with clever software to help DPOs deal with potential and actual data breaches.
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Richard Crouch is Research Solutions Director at Lexis Nexis UK. He has many years’ experience developing content and technology-based solutions for lawyers, as well as using technology to improve the speed and accuracy with which legal content is created. In his current role he is responsible for Lexis Library and all the Lexis research content brands.
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