If you’ve ever watched old, black and white films of people working in factories on vast production lines, doing exactly the same task, hour after hour, day after day, you’ve probably felt grateful that it wasn’t you. Yet in 2021, we seem to be expecting the modern generation of in-house lawyers to perform the legal equivalent.
The clamour for in-house legal departments to adopt more technology or outsource routine tasks though legal managed services has been inexorably linked with the drive to improve efficiency and reduce cost – the mantra of “do more with less”. But until now, no-one has connected the dots between low-value, repetitive legal tasks and employee morale, retention and recruitment. The findings of the recently published EY Law Survey shines light on this association.
Created by EY Law, in cooperation with Harvard Law School’s Center on the Legal Profession, the EY Law Survey is the most expansive of its kind on the corporate legal function. Responses were collected from 2,000 General Counsels (GCs), Legal COOs and leaders from adjacent functions such as procurement, contracting and business development across 17 industries and 22 countries. The findings are drawn from answers to 100 questions on current practices, challenges and priorities for the future in areas such as:
- Law department operations, including talent, data, technology and sourcing
- Contract creation and management
- Corporate secretarial operations