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‘Uniquely positioned to optimise value’: The opportunity for law departments in 2021
By Jerome Doraisamy|16 March 2021
Following the stress testing of in-house legal teams during COVID-19, there are avenues ahead through which rapid and continued modernisation is possible.
Thomson Reuters has just released its
2021 State of Corporate Law Departments Report, which compiles responses from 223 law departments across the globe about the unique challenges faced by departments in 2020 and how best those in-house teams can move forward.
For many corporate law departments, Thomson Reuters wrote, 2020 will be remembered “as a year where everything was turned on its head”.
Once the rubble has been sifted through, it mused, the past year will likely spawn many positives as negatives, and “if department leaders are smart, it should act as a catalyst for accelerating the change agenda in 2021 and beyond”.
March 10, 2021 Law Departments on the Precipice of Accelerated Change Agenda: 2021 State of Corporate Law Departments Report from Thomson Reuters Report finds unique challenges of 2020 have corporate law departments poised for rapid and continued modernization
DALLAS, TX - March 11, 2021 –
Thomson Reuters released its 2021 State of Corporate Law Departments Report today, finding that obstacles resulting from COVID-19 uniquely positioned corporate law departments to optimize their value and effectiveness to their organization.
The pandemic stress-tested the current operations of most law departments like never before, placing pressure on areas such as increased and evolved workloads, shifting demand for external support, and increased efforts around security and safeguarding. The report found these pain points have the potential to act as catalysts for departments to think differently. Those th