Recent Posts
Featured Posts

ACC Chief Legal Officers 2017 Survey - Key Findings


Forty-six percent of CLOs may terminate a law firm or outsidecounsel relationship next year

Thirty-one percent of CLOs reported that they terminated at leastone law firm or outside counsel relationship for underperformingin 2016. Forty-six percent report that they either definitely(10 percent) or may (36 percent) terminate a law firm or outsidecounsel relationship with the intent to hire a new firm to performthe same work in 2017.

Delegation of legal operations expands Delegation of legal operations rose this year, with 23 percent delegating either full time or part time, up from 16 percent in 2016. Among those who delegate legal operations full time, 42 percent delegate to non-lawyers. Eighty-one percent of CLOs say they use value-based staffing practices such as assigning work to a variety of internal resources, including non-lawyers, based on complexity and risk. Forty-three percent of respondents report having at least one legal operations professional on the team, similar to the 48 percent reported last year.

Insourcing versus outsourcing Forty-eight percent of CLOs anticipate that the amount of work they send to firms will remain the same in 2017, while 31 percent will increase the amount of work outsourced and 18 percent will decrease it. Complex litigation remains the top area outsourced to law firms, with 97 percent of CLOs sending this work to an outside law firm. Law firms may see an increase in e-discovery work with 61 percent of CLOs sending this work to firms, up 16 percentage points from 2016.

The opensourceCM SaaS based application is the most advanced solution today for the CLO. It is an enterprise level CLM system which provides a (single sign on) and encrypted secured access. If you need a Negotiation Deal-Rooms and Users Data-Rooms (internal / External) or Flexible Bidding System with Advance Q&A and API (Application Processes Interface) Library with office365, BOX.COM, SalesForce, MS-Dynamics, NetSuite, OKTA, QuickBooks, Zoho CRM, Dropbox, DocuSign to mention just a few.

Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Social Icon

Headquarters​

1098 Foster City Blvd

Suite 106-725

Foster City, CA 94404

Tel: (650) 200-0506

Fax: (650) 345-2098

Email: info@opensourceinc.com

Europe Office

35 Montifiore st.

c/o Proxima Ventures

Tel-Aviv 65201

Tel: +972-3-372-6019

Fax: +1 (650) 345-2098

Email: info@opensourceinc.com

Stay up to date
  • White Facebook Icon
  • White LinkedIn Icon
  • White YouTube Icon
  • White Twitter Icon

Copyright © 1995-2020  opensourceCM  All rights reserved