• About
  • Subscribe
  • Contact
Friday, May 9, 2025
    Login
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
No Result
View All Result
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
No Result
View All Result
No Result
View All Result
Home Management Leadership Finance Governance, Risk and Compliance

Inefficiencies in legal practice result in delayed growth

FutureCIO Editors by FutureCIO Editors
May 4, 2023
Photo by August de Richelieu: https://www.pexels.com/photo/female-lawyers-in-an-office-looking-at-a-computer-4427553/

Photo by August de Richelieu: https://www.pexels.com/photo/female-lawyers-in-an-office-looking-at-a-computer-4427553/

Persistent disruption has arisen from macro shocks, such as the ongoing Russian invasion of Ukraine amid other geopolitical tensions, as well as rapid societal shifts in environmental, social and governance (ESG) expectations.

Gartner says corporate legal departments need to build a process for managing and learning from persistent disruption.

Raashi Rastogi

“An era of persistent disruption is – and will continue – taxing constrained legal department resources,” said Raashi Rastogi, director of research in the Gartner legal risk & compliance practice.

She suggested that legal leaders need to find efficiencies in how their department handles disruption. They should not anticipate getting a lot more resources to cope, nor should they expect the volume of disruptions to decrease significantly in the near future.

Legal departments typically treat disruption response as high-value urgent work and therefore accept tradeoffs to get it done. However, in the era of persistent disruption, continually making such tradeoffs starts to add up and has a negative effect on the overall departmental workload and efficiency.

A July 2022 survey of 140 general counsels showed the extent to which having an efficient disruption-response process in place reduced the number of costly tradeoffs legal departments had to make (see Figure 1).

Figure 1: Impact of Efficiency on Tradeoffs

Source: Gartner (May 2023)

“Legal departments that have developed a high-efficiency approach for handling disruptive events are essentially making one tradeoff for every three in a low-efficiency department,” said Rastogi.

“With disruption now being the norm rather than the exception, very few legal departments can afford the volume of tradeoffs that comes with an inefficient response to disruption.” Raashi Rastogi

The most significant costs tend to come in three forms:

Missed business value capture — A response to business disruption is prioritized over matters of long-term strategic importance.

Delayed development of legal department capabilities — Investments in lawyer and business partner training and technology implementation are neglected or delayed.

Lawyer exhaustion and disengagement — Facing more work with the same amount of resources, lawyers are burnt out and leaving, or actively seeking other opportunities.

Learn From Disruption

Departments that prioritize learning from disruption, rather than simply fighting one disruption after another, are far more efficient and provide higher-quality guidance than departments that do not. They’re more effective in helping the business avoid unnecessary risk — risk outside their risk tolerance — while still capturing as much value as possible.

Legal departments that excel in learning from disruption are 3.5 times more likely to be highly efficient in their disruption response and 2.3 times more likely to provide high-quality guidance. Greater efficiency ultimately leads legal to make fewer costly trade-offs in responding to disruption.

“What this means in practice is an ongoing process of learning what actions to take when disruption occurs, and then figuring out how to execute those actions more efficiently,” said Rastogi. “That may involve identifying in advance what the highest-impact disruptions are likely to be, determining how to respond to them, and building the department’s collective experience in executing these responses efficiently.”

Related:  Cloud-based web conferencing growth short-lived
Tags: GartnerLegal and Compliance
FutureCIO Editors

FutureCIO Editors

No Result
View All Result

Recent Posts

  • APAC CIOs rethink cybersecurity investments amid expanding threat landscape
  • Study finds almost half of businesses bank on AI-enabled cybersecurity for EDR and XDR
  • AI drives cloud market growth in Q1
  • ARTHALAND chooses OutSystems to advance real estate sustainability
  • Experts warn against AI-powered deepfake impersonation scams

Live Poll

Categories

  • Big Data, Analytics & Intelligence
  • Business Applications & Databases
  • Business-IT Alignment
  • Careers
  • Case Studies
  • CISO
  • CISO strategies
  • Cloud, Virtualization, Operating Environments and Middleware
  • Computer, Storage, Networks, Connectivity
  • Corporate Social Responsibility
  • Customer Experience / Engagement
  • Cyber risk management
  • Cyberattacks and data breaches
  • Cybersecurity careers
  • Cybersecurity operations
  • Education
  • Education
  • Finance
  • Finance & Insurance
  • FutureCISO
  • General
  • Governance, Risk and Compliance
  • Government and Public Services
  • Growth Strategies
  • Hospitality & Tourism
  • HR, education and Training
  • Industry Verticals
  • Infrastructure & Platforms
  • Insider threats
  • Latest Stories
  • Logistics & Transportation
  • Management Leadership
  • Manufacturing
  • Media and Telecommunications
  • News Stories
  • Operations
  • Opinion
  • Opinions
  • People
  • Process
  • Remote work
  • Retail & Wholesale
  • Sales & Marketing
  • Security
  • Tactics and Strategies
  • Technology
  • Utilities
  • Videos
  • Vulnerabilities and threats
  • White Papers

Strategic Insights for Chief Information Officers

FutureCIO is about enabling the CIO, his team, the leadership and the enterprise through shared expertise, know-how and experience - through a community of shared interests and goals. It is also about discovering unknown best practices that will help realize new business models.

Quick Links

  • Videos
  • Resources
  • Subscribe
  • Contact

Cxociety Media Brands

  • FutureIoT
  • FutureCFO
  • FutureCIO

Categories

  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Subscribe