Legal Tech: How to choose and implement the right solution - Part 1
By Alex Rosenrauch and Elliot Leibu
So you want to invest in legal technology, but where do you start? In this two-part series you’ll hear from Alex and Elliot who together have a wealth of experience sourcing, selecting and implementing legal technology for both large and small corporate legal departments. They share practical tips while walking through the following stages that will help ensure you choose the right solution: (1) Defining the problem - a practical framework for establishing and justifying the need, contextualising the problem and developing a problem statement. (2) Rent, buy or build? - is this something you can build yourself using existing enterprise systems already available to you? What are the pros and cons of each option? (3) How to find the right tech - with over 4,000 legal technology vendors globally, it’s easy to be overwhelmed. Should you choose an integrated or point solution? Legal specific or enterprise? Where can you go to find the best tech? How do you make the most out of product demos? (4) RFP, RFI, RFQ - what are the differences and what is the best option for your scenario? In Part 2 Alex and Elliot will share practical tips on the fun part - implementation!