Taking a holistic approach to legal technologies
The challenge, it’s clear, is for these organizations to make sure their new legal technologies investments in solutions like ELM are approached holistically, with an eye toward creating a legal technologies stack that’s streamlined, scalable, and future-proofed, and which serves the needs of the entire enterprise long into the future. Otherwise, they may rush forward and wind up with short-term, band-aid implementations, cobbled together in a tech stack that can’t grow with need and optimize long-term value.
By implementing unified, integrated solutions for the “three legs” that are the foundation of an effective and forward-facing legal tech stack, it’s possible to set the entire business up for long-term success.
That, though, requires a commitment to identifying and adopting strategic products and strategic partners to support them, and recognizing the need to evaluate them in terms of the value they can deliver not just now, or in the near term, but for many years to come.