Improving Efficiency, Reducing Costs, and Ensuring compliance in Legal Departments
The legal department is critical in managing legal risks and ensuring that the organization complies with applicable laws and regulations. The legal department provides legal advice, handles litigation, ensures regulatory compliance, and protects the organization’s intellectual property.
The legal department of an organization may face these five operational challenges:
Increasing Workload
With the organization’s or industry’s growth, the legal department may face an increased workload. This can lead to needing help managing and prioritizing tasks and recruiting and retaining legal staff.
Evolving Regulations
Legal regulations and requirements constantly change, and the legal department must stay current with the latest developments to ensure compliance. This can be challenging, particularly for organizations with operations in multiple jurisdictions.
Technology
The increasing use of technology in legal operations brings opportunities and challenges. While technology can help to streamline processes and improve efficiency, it also requires significant investment and may need the legal department to adapt to new ways of working.
Collaboration
The legal department may need to work closely with other departments, such as finance, HR, and IT. Effective collaboration requires clear communication, coordination, and alignment of goals and objectives.
Managing Risk
The legal department identifies and manages the organization’s legal risks. This requires a deep understanding of the organization’s business and operations and the legal landscape in which it operates.
To overcome these challenges, the legal department must develop effective strategies and processes for managing its operations. This may involve investing in technology, developing talent, and building solid partnerships with other departments within the organization. Here are some potential steps that legal departments can take:
Streamline Workflows
Automate routine tasks, such as document creation, review, and approval, with a business process automation tool like Flowdoh. For example, with e-signatures, legal staff can sign and share documents electronically, reducing the time and resources required for these tasks.
Improve Document Management
Manage documents more efficiently, including contracts, litigation, and other legal documents, with a document management system. Plus, with Enadoc Evia Sign, legal staff can sign and store documents electronically, reducing the risk of lost or misplaced documents.
Increase Efficiency
Reduce manual tasks, eliminate duplicate work, and automate routine tasks. And with e-signatures, legal staff can sign and share documents electronically, further improving efficiency.
Enhanced Collaboration
Improve collaboration within the legal department and other departments within the organization. With a document management system, business process automation, and e-signature, legal staff can sign and share documents electronically, improving communication and coordination.
Improved Compliance
Enadoc can help legal departments improve compliance by ensuring that all legal documents and processes are consistent and meet regulatory requirements. Using e-signatures like Evia Sign, legal staff can sign and store documents electronically, providing a tamper-evident audit trail to verify the authenticity and integrity of signed documents.
Cost Savings
Legal departments can reduce costs by eliminating manual tasks, reducing errors, and increasing efficiency. Legal staff can sign and share documents electronically, reducing the need to print, sign, and store paper records and saving money on paper, ink, storage, and other related costs.
Combining e-signatures, document management systems, and business process automation can help legal departments improve efficiency, reduce costs, ensure compliance, enhance collaboration, and deliver excellent value to the organization. Therefore, legal departments should consider investing in these technologies to improve their operations and effectiveness.
Start your 30-day FREE trial of Evia Sign.
Talk to Us for more information.