Companyon, adrien van den branden, the case for and against legal tech in your business
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In this presentation, Adrien makes the case for and against integrating LegalTech to scale legal operations of corporates.
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3/ the Methodology (to go from 0 to 1)
4/ Tips & Next Steps (on how to get legal counsel started on their implementation journey)
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Building the infrastructure of a business around a product or service requires detailed focus upon items that are not intuitive.
An early decision which founders must make is the selection of a legal entity (LLC, Partnership, S Corp, C Corp, Non-Profit) for the business. Another critical action item is to consider steps to protect turf by keeping copycats away, to the extent possible (i.e. with copyrights, trademarks, patents, non-disclosure agreements, among other things). Hiring and incentivizing employees and finding a way to finance the business are examples of other key areas that founders need to get right. This webinar provides an overview of these topics and shares some best practices with regard to them.
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Businesses are complex structures. The closer you are to your business and the more involved you are in its day-to-day operations, the harder it is to stand back and consider the company as a whole. It is difficult to understand a business from every angle with a high level of granularity.
Business Lens provides a valuable guide to this complex process. By answering a series of structured questions, you are made aware of potential issues in your business and can identify some ‘quick fixes’ to apply right away to push your company to the next level.
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- Challenge you to ask yourself important questions about your business
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I presented at a CMA Ontario professional development event to 50+ attendees on Dec 3, 2009, and again on Dec 17, 2009 due to a sold out first session with an accompanying waiting list. I shared insights and approaches with the attendees to help them find opportunities to reduce the costs, risks, and time associated with software evaluation and selection. I was then asked to write an article on the topic for the CMA Ontario Member Newsletter because of the high level of interest from their members - published on Jan 2010.
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Right at the top of the sceptical heap is the Board of Directors. You may have collated the necessary stats, analysed the opportunities and threats and identified the technologies that could transform how you do business. But all of this is for naught if you cannot convince the Board, for whom most of your arguments may be far outside their scope of experience.This is a communications challenge, not merely a strategic one.
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The Five Habits of Highly Effective Agile Organizations
The Five Habits of Highly Effective Agile Organizations
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Questions in the meeting: From Startups to Venture Capitalists
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Companyon, adrien van den branden, the case for and against legal tech in your business
- 1. 11 The case for and against LegalTech in your business Adrien van den Branden Founder & CEO @ Companyon
- 2. 2 Who Do We Have in the Room ? Founder & CEO adrien.vandenbranden@companyon.eu
- 3. Key insights Methodology Tips along the way Q&A Agenda
- 4. 4 The Two Right Cases for LegalTech Costs Revenues 10 X The two good cases for LegalTech
- 5. 5 The Many Wrong Cases for LegalTech Innovation Marketing Look & Feel Trend Reputation The many cases against LegalTech
- 6. 6 Manifesto Build your LegalTech project from inside ...and do not let it be driven from outside Tagline
- 7. 7 Manifesto Tech is part of the solution Process People
- 8. 8 Manifesto 1/ Standardisation 2/ Self-service 3/ Automation Scalability paradigms
- 9. Key insights Methodology Tips along the way Q&A Agenda
- 10. 10 Manifesto 1/ Surveys 2/ Interviews 1/ Find the use cases
- 11. 11 Manifesto A mix of Identification, Commercial and Practical obstacles 2/ Map people & processes (not systems) Getting signatures
- 12. 12 Common strategies ● Resignation ● Reliance on team ● Documentation Which ways have you explored to deal with the problem? Scalable strategies ● Standardisation ● Self-service ● Automation
- 13. 13 Manifesto 3/ Identify change management issues Other positions Tech positionsLegal positions AutomationOutsourcing Outsourcing LegalTechParalegal Tech Engineer Project Manager Partner Senior Junior Today Tomorrow
- 14. 14 Manifesto 4/ Define measurable success factors ● # days between first draft and signature ● # documents/day ● # hours for preparing a document
- 15. 15 Manifesto 5/ Define implementation strategy Process People Tech
- 16. 16 Manifesto 6/ Define your user stories As a I want to So I can < persona > < feature > < business need >
- 17. 17 Manifesto 7/ Confront your user stories with market 1/ Corporate software 2/ Off-the-shelf LegalTech software 3/ Custom-built LegalTech software
- 19. 19 Manifesto Off-the-shelf LegalTech software Contract management Corporate management Intake management Compliance management Automated legal services
- 22. Key insights Methodology Tips along the way Q&A Agenda
- 24. 24 Practical Tips ● Sharpen your skills ● Come up with a (detailed) methodology ● Go out to the market only with strong user stories ● Pull LegalTech in (don’t let them push in) ● Be assertive with LegalTech (and let them know you are not interested if that's the case) ● Know the implications of off-the-shelf vs. custom-built LegalTech solutions Tips along the way
- 25. Key insights Methodology Tips along the way Q&A Agenda
- 26. 26 Next Steps and Q&A Questions ? adrien.vandenbranden@ companyon.eu