Latest from Exigent Blog

Soon after Britain’s initial vote to leave the European Union, then-prime minister Theresa May proclaimed, “Brexit means Brexit and we’re going to make a success of it.” At the time, her government was optimistic that they would hit their target March 2019 exit deadline, negotiate a favorable trade deal with the EU and find a solution […] The post Brexit Is Coming: How GCs Can Prepare for Immigration Uncertainty appeared first on Exigent.…
The role of the GC is changing – faster than ever. By building a data-driven culture within legal, GCs can demonstrate greater commercial awareness and take their seat with the CEO and CFO. There’s a saying that if you play by the old rules, you won’t win the new battles. Never has that been truer […] The post It’s Time to Build a Data-Driven Culture Inside Legal appeared first on Exigent.…
Seeing what software is capable of today is enough to turn anyone into a Luddite. Automation, artificial intelligence (AI) and advanced software have already made millions of jobs obsolete. There aren’t any typists or switchboard operators anymore. Manufacturers, drivers and many other human-based roles are rapidly disappearing. Are paralegals and lawyers next? For many in […] The post eDiscovery Software Hasn’t Replaced Humans, But They Need to Work Together appeared first on Exigent.…
Innovation is hard – it’s not simply deploying the latest legal tech – it’s a mindset change. Here we give you six practical ways you can start cultivating a culture for innovation inside your organization  You’re being asked to innovate, to ideate and to transform your department or your law firm. So you start to evaluate the legal technology available, and asking questions; what has […] The post How to develop a culture of innovation and why it’s not just about technology appeared first on Exigent.…
Even if the legal industry hasn’t always embraced change with open arms, new technologies have nevertheless made their mark. The internet, the cloud, eDiscovery systems – now, predictive analytics solutions represent the latest technology with the potential to transform how the legal industry operates. Watching this transformation unfold and responding accordingly will be key to coming […] The post Will Legal Predictive Analytics Transform the Industry? appeared first on Exigent.…
Your contract portfolio isn’t just a collection of agreements your organization has made with other parties. It serves as a snapshot of your organization’s performance, a database of the most fundamental markers of a business’s success: vendor relationships, deals, acquisitions, supply chain agreements, financial arrangements and more. But most stakeholders don’t realize contracts serve as […] The post Valuable Insights You’re Missing Without Contract Analytics appeared first on Exigent.…
Legal spend is once again under the spotlight. But without visibility over your panel firms, it’s impossible to drive deep cost savings. Legal Spend Management could help. Here’s how. Your CFO/procurement director has just emailed to ask how may law firms you’re working with. The most common answer? No clue! But now more than ever, […] The post How to Take Back Control of Your Legal Spend appeared first on Exigent.…
Any in-house counsel can tell you: corporate legal departments aren’t like law firms embedded in a business. They’re an extension of the business itself — and they’re driven by many of the same fundamental forces to become streamlined, more competitive, to innovate and evolve. But legal departments aren’t like other parts of the business either. […] The post How Legal Departments Can Make the Most Out of Data Analytics appeared first on Exigent.…
The benefits of Contract Lifecycle Management can only be realized if you go beyond just implementing in baby steps. It’s time to find out where you are along the Contract Management Maturity Model. How mature is your contract management strategy? Is it still in its infancy – you know it’s there, but it doesn’t really […] The post Think You Are Mature Enough? The CM Maturity Model Might Not Think So appeared first on Exigent.…
In part one of our series, we went into detail on what the LIBOR transitions means. In part two of our series, we will walk you through a step by step process to help you prepare your contracts for the LIBOR transition. 1. Assess your contracts Collect your contracts into one place Taking stock of […] The post Preparing Your Contracts for LIBOR: What You Need to Know Part 2 appeared first on Exigent.…
After more than 40 years, the industry-wide standard for calculating interest rates — the London Interbank Offer Rate, or LIBOR is being put to bed. Today, LIBOR is tied to over $350 trillion in financial contracts, and yet the Financial Conduct Authority (FCA) has announced that it will phase out the use of LIBOR by the end […] The post Preparing Your Contracts for LIBOR: What You Need to Know Part 1 appeared first on Exigent.…
In part one of our series, we went into detail on what the LIBOR transitions means. In part two of our series, we walked you through a step by step process on how to prepare your contracts for the LIBOR transition. In our third and final part in our series, we will discuss some LIBOR […] The post Preparing Your Contracts for LIBOR: What You Need to Know Part 3 appeared first on Exigent.…
By now, it’s a foregone conclusion: The world is going to look different after the COVID-19 pandemic. But how will this change impact the legal sector. More so than ever before, we argue that the post-COVID legal sector will be increasingly dominated by technology. The pandemic created new needs and challenges — how are legal […] The post 5 Legal Technology Trends to Watch in a Post-COVID World appeared first on Exigent.…