Accelerating Business in 2022
RSGI’s research for the Financial Times Accelerating Business series maps the convergence of technology, data and professional services and how this convergence is transforming business operations and industry sectors. We found that in-house lawyers have an exciting role to play at the cross section of efforts to solve complex problems and accelerate business outcomes. Read my take on the research in the Financial Times here.
The case studies we identify show that there is no single way to help a business move faster. For some it can happen almost by accident, when engaged and empowered teams are given the right tools to experiment with. For others it’s about making incremental changes to perfect a process – Aine Lyons at VMWare compares it to F1 teams shaving seconds off their pit stop times.
We also found collaboration to be an essential element for success. Law companies and legal teams are working as partners, not only to meet resourcing demands, but also to take on complex legal work.
“A common thread running through the products and collaborations in the Accelerating series is the emphasis on DIY, empowerment and self-service — for the lawyers, but ultimately for the rest of the business too.” Tom Saunders, RSGI
Explore the series online here.
Leaders in Accelerating Business
On November 8 the Accelerating Business series highlighted five categories of contribution by legal companies to speeding up corporate processes. We identified leading examples within each area.
Leading smart legal function: VWware
Other examples: Anheuser-Busch InBev, BT, Flex, Hewlett Packard Enterprise
Leading legal technology company: Bryter
Other examples: Brightflag, Litera, Onit, Priori
Leading integrated solution provider: Factor
Other examples: Cognia Law, EY Law, KPMG Law, Morae Global
Leading contracting company: Ironclad
Other examples: Agiloft, Evisort, Icertis, Ironclad, LexisNexis Parley Pro, Sirion Labs
Leading change maker: Electra Japonas, TLB
Other change makers: Aine Lyons, VMWare; Shahzad Bashir, Morae Global; Michael Grupp, Bryter; Paul Lanzone, UnitedLex