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1、Unlocking efficiency and growth How legal managed services can transform your businessAugust IntroductionTheyre often navigating lightning-speed advancements in AI-powered tech and data analytics,evolving privacy concerns and increasingly complex regulationsall amid a churn of demands from the C-sui
2、te to innovate while managing tedious,high-volume daily work,such as commercial contracts.Today,many in-house legal teams are stretched beyond capacity.Delegating high-volume,process-oriented legal tasks to a trusted provider provides breathing room for legal teams to boost efficiency,cut costs,keep
3、 up with compliance guidelines,and spend time and brain power on the strategic,growth-focused initiatives required to achieve business goals.Thats why Forbes Insights and KPMG in the US collaborated on a survey inspired by this overarching question:Are legal executives and their C-suite colleagues e
4、ffectively leveraging transformative approaches such as legal managed services?Legal managed services are broad-ranging,consultative offerings that are designed to enable corporate legal and contracting functions to become more predictive,data-driven and commercially alignedby combining process,tech
5、nology,people and legal experience.But figuring out exactly where and how legal managed services fit into the operational puzzle of an organization can present its own challenges to think through.Which pain points,for example,are best addressed by going this route?Are the benefits measurable or inta
6、ngible?Are there risks to consider?Many legal teams are taking on more responsibility than ever driving innovation,managing risk,and enabling growth.How can they do more with less while staying focused on what matters most?Legal managed services are broad-ranging,consultative offerings that are desi