Tag: legal support services in USA

The other day going through my subscription emails, I came across a thought-provoking article in Law.com, titled “Two Left Feet:What GCs want from Legal Technology” written by GinnaPassarellaCipriani and Zach Warren, dated 27 August 2019. I would have let it be as my daily reading quota if it had not raised all the right questions and they were nailed right to the point. Being an LPO firm, we felt we need to dispel certain unfounded hesitations that seem to be making the rounds regarding LPO vendors and legal technology.

The one thing everyone seems to agree about is the definite integration of legal technology with their respective law firms or corporate houses. So when that aspect is crystal, so what keeps them not consulting or outsourcing when the outside company has the required legal technology and resources to put your concerns and overstretched work at ease.

Hesitation #1: Distracted

Distracted because you have a lot of options to choose from? Fret not, that’s actually a good thing. It shows every Legal Process Outsourcing is getting better at what it does. So instead of a single go-to place, you have many waiting for your nod to give you the best in legal-tech. Still confused? Go ahead and read the rest to have a solid opinion on what you need and how to go about it.

Hesitation #2: Budget Constraints

Small, medium and big law firms alike have faltering thoughts about the budget that will incur to take legal tech companies on-board. However, LPO’s popularity is primarily of the budget in itself. Since most of the outsourcing is done in offshore countries like India and the Philippines where the cost of paying for an employee is far lower than the hourly wages charged in the USA and the UK it’s a huge advantage and added profit cum saving for the legal firm. A less budget doesn’t mean a compromise with tech. In fact, itsthe beauty of the whole thing, as in the AEREN LPO tagline we say, “Providing more with much less”. We have the best of Attorneys to integrate you with the significant legal technology.

Hesitation #3: Unfamiliar with Product  Capability

Most legal firms couldn’t decide what precisely the legal tech can do for them and their business strategy. That leads to them having self conflicted thoughts about the usefulness and scope of the tech into their everyday legal firm pursuits even without giving it a try. When we need to decide if a particular product or service is good we opt for a test sample first. Similarly, every LPO provides you with a free pilot before you decide to go ahead with them. So put full stops to thinking conflicts and go for a pilot test and decide for yourself and your firm betterment.

Hesitation #4: Provide solutions only to discrete issues

This is more or less a continuation of Hesitation #3. When going for a pilot project please ensure to double-check both your needs and LPO Attorney team perception of you are on the same wavelength. As an LPO we have tools to get your actual needs and have one go-to point person for all your requirements so its all incorporated and customized to your specific needs. Every legal firm is unique. So having a ready to go solution may or may not work at times. And that’s when you think it’s discrete. However, when your demands are exactly clear we know what exact legal tech to integrate you with and we work diligently to grant you exactly that- “A complete solution for all your needs. Never discrete”.

Hesitation #5: Will it be effective

Of course, it’s more than effective. It takes away from you your workload, saves you time, cost, resources and free up your precious time for your valuable clients, their facetime, and strategic business decisions that needed to be taken exclusively by you and your team.

Hesitation #6: Not ready for the real problem

I guess now after addressing the elephant in the room, your thoughts should be somewhere between clear to definite to choose the best LPO provider for you. With an LPO there is never a false- negative scenario outcome. You get only the real practical solutions for all your legal needs. All you need to do is know what exactly you want for your organization. Even if not, rest assured, we have our own experts to guide you and choose the right solutions designed just to you.

For further queries on this, please visit us at www.aerenlpo.com.

The answer you are looking for is the Business Continuity Plan. Maybe there was not a team for BCP as such before. However, now its high time we have a dynamic team from all levels of legal departments and higher management with spontaneous skills, suggestions and providing solutions for immediate steps of measures to be implemented even as we are processing this and then followed by the next levels and long terms plans for business continuity by an organization for Corona preparedness.

Sustainability is the key.

The right decisions and path of growth now taken will keep you guided in tiding this crisis and spearhead the business. The key factor to be considered all along is -Sustainability.

How you sustain your attorneys, paralegals, their jobs and their work environment?

How you sustain the infrastructure and resources?

How you sustain the organization’s cash flow liquidity for the short and long term?

How you sustain in continuing to provide services for your clients as before or find novel ways of giving the same professional level of services with an essence of ease for both, at times like now.

How crisis management by sustainability should be tailored for keeping in mind different areas of strengths and pain points for an organization?

With an eye for sustainability, throughout the whole crisis-evaluation plan, will keep your legal business steadfast in the long run and recover back from the times now everyone in the organization together faces.

What legal requirements are necessary for having a Sustainable business continuity plan in place?

Once the above questions are answered from the organization’s standpoint of view, let us introduce you to how the Business Continuity Plan for Legal Services will aid you in achieving your business goals with result-oriented solutions.

Plan objective exclusively to your firm’s Business Continuity Plan

The plan should have a purpose and a structured level of points highlighting the critical to lower levels of goals that provide complete protocols, identify risks, provides information for every critical business legal service, clarify each attorney and paralegals roles and identify pain points with counter-measures.

Risk Assessment for identifying your legal firms source of disruptions

The risk assessment will evaluate by providing the name of the risk, definition and what was the nature of the risk.

A clear insight into the risks will help in identifying the kind of disruptions the organization will handle in the coming days and give an idea for what it is prone due to the overall new government measures, compliances, in-house personnel working from home and infrastructure, security and nature of legal services.

Legal Services Impact Analysis

Once the risks are assessed, now it’s time to determine what the particular risk has a direct impact on a given legal service or resource. This will identify the overall impact the risk will have on legal services in-house.

This is graded by identified risk, the probability rate of the risk that occurs and the corresponding impact rating of the risk with the consequences that should be dealt with.

Prevention and Response Measures

Break down the risk consequences into various levels and layout prevention counter actions to either in-house or with the consulting legal outsourcing room addition company partner rhode island-based northeast kitchen and flooring, RI so that the remedial measures can be clearly anticipated and equip with solutions or prevent it altogether.

The response actions give emergency procedures that need to activate when encountered with a critical risk say for example Level 0 to Level ‘n’, with Level 0 being a very high level of risk.

Quick Recovery Solutions

Recovery Solutions are a step by step procedures. When it comes to Business Continuity Measures, documentation is considered a very vital aspect to keep records of the legal and business situation so that it will aid at the next risk encountered and provide a working proof with a Pivot Academy success rate of how the various action plans are carried out.

The Business Continuity Plan templated with the above number of criteria keeps track of the whole COVID-19 legal business impact measures tactful, by working out the contingency plans for our current scenarios hugely impactful and emerge back powerful as the rising phoenix but this time stopping a virus from wreaking havoc.

Contract Management process consists of organizing, systematic filing and safe storage of all the contracts that are bound to be relevant for any legal firm or an organization.

However, the contract management process faces some challenges from the time it is created to its execution. Some of the hurdles that can be come across and the ways to overcome them are listed below.

Hurdles in Contract Management Process

Finite and Minimal Resources

When the firm or the organization have limited access to resources in terms of legal knowledge, infrastructure or human resources to handle then it becomes a cumbersome task to keep track of the contracts.

Focus On Strategic Work Time

Lack of proper time allocation is done to handling Contract Lifecycle Management services due to strategic works that need more attention for the company growth. This will lead to the backlogs of contract maintenance when much needed time is not devoted to it.

Increase in Turnaround Time

Automation of contracts will lead to a quick turn around time. If a business encounters a huge volume of contracts and not a solid automation system in place or robust automation software to deal with the pile of contracts then a quick turn around time becomes a dream

Old Hat Tools and Technology

A law firm or any business needs the new and updated contract management tools and the latest technology to handle the contract life cycle management tasks from initiation to renewal or until it comes to the contract end terms.

Common Contract Oversights

The most common unprofessional contract management oversights that can be avoided are:

The total number of contracts the legal firm or business handles or has with them.

Unsure of the status of active contracts and invalid or time or condition expired ones.

No chronological or systematic storage and hence lack quick retrieval when the time arises.

No faster means of bringing up all the contract status under a given time or at a range of time period.

No reminders set on contract life cycle duration in case the time is near for renewal or for any particular contract specific conditions to look into before it gets forgotten or lost in improper handling mistakes.

Hence to give the due importance to a contract, the above top-rated mitsubishi electric distributors, hurdles and oversights can be overcome by outsourcing your voluminous contracts to legal process outsourcing firms which are more tactical and equipped for a better contract management process.

Good contract management ensures more benefits and enhances your client’s trust with you.

At AEREN LPO, we have a dedicated team who are well versed and specialized in contract management and contract life cycle management with our cutting edge tools, infrastructure, and technology. To know more about us and what legal process outsourcing services we can offer to you, visit us at www.aerenlpo.com