A pragmatic approach to AI for legal departments

White paper

Building a modern legal department

The pace at which companies are doing business is accelerating and the boundaries of what is possible are being stretched to their limits. In order to keep up, legal departments engaged in getting these deals signed, sealed and delivered need to readdress the way they traditionally approach the contract lifecycle process.

Building a modern legal department comes with a number of considerations. Taking a data-driven approach to drive efficiencies works for other departments, but it is often more challenging for legal departments to follow this methodology. This is due to a lack of data and the requirement for human judgement challenges.

In this white paper, we explore the challenges involved in modernising your legal department. We will deepdive into the different roles that make up a legal department. Finally, we’ll provide a pragmatic approach to AI and demonstrate why it is a core building block for building a modern legal department.

Download this white paper will explore:

The changing role of the in-house lawyer and how this impacts the rest of the business
The typical challenges faced by legal departments and where AI can address these difficulties
A pragmatic approach to AI for general counsels, senior in-house lawyers and legal operations teams
The evolution of AI in law and how this has impacted the effectiveness of contract review tools

Use cases for legal departments

Cost efficiency pressure

Della’s accelerates contract review for legal departments which relieves time pressures and increases efficiency

Regulatory risk

Della helps legal departments stay up to date with regulatory changes with ease

Multijurisdiction deals

Della’s translation capabilities and collaborative checklists reduces the need to outsource to foreign and/or external counsel

'HOW TO' GUIDE

How to achieve your business goals using AI

In this ‘how to’ guide, we discuss how AI can help general counsels evolve into the role of a business partner and lead the legal department through digital transformation.

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