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Matter management software puts critical matter, financial and performance data at the fingertips of corporate counsel and legal operations. But what features should a corporate legal department prioritize to gain the best return on investment? In the first blog post
on this series, we explored essential legal spend management technology features for enterprise legal management. Now, we follow up with an exploration of the critical components of matter management.
According to Deloitte’s 2020 Legal Operations Survey, 74% of the corporate legal professionals surveyed felt they did not have clear or accurate metrics on work performed internally or externally. Additionally, 71% said that manual tasks take up a “significant amount” of their teams’ time.
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Data is the cornerstone of operations, which is why this blog post focuses on three surveys of particular interest for legal operations management professionals.
Data, Business Strategy and Higher Profitability
th Global C-Suite Study, IBM surveyed more than 13,000 C-suite executives around the world to learn more about their organizations’ use of data and how they drive value from it. The study identified four stages of the data journey, including highly sophisticated Torchbearers who have aligned their data strategy with their business strategy, and Aspirationals, those who are just beginning to capture and explore the value of their data.