PracticeLeague - Legal Technology Solutions

Season 6: Legal As Growth Enabler Vs. Support Centre

Ep 1:
Legal Department transformation - From Cost Center to Profit Center

The legal industry has undergone tumultuous change since the past decade. With the recession hitting hard on the budgets and the ever-growing regulatory challenges facing an organization, legal departments are now making their case for being more than just a mere cost center and proving to be a revenue center. According to the Cost of Compliance 2017 Report, Thomson Reuters captured 52,506 regulatory alerts from over 750 regulatory bodies averaging more than 200 updates a day.

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