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Innovative Legal Tech: Reducing Legal Spend with AI, Data, and Analytics


Level: Intermediate
Runtime: 58 minutes
Recorded Date: November 18, 2024
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Agenda

  • The need for innovation in legal departments
  • AI in the Legal field - Transformative applications
  • Predictive analytics - Revolutionizing litigation strategy
  • Selecting and implementing Legal Tech tools
  • Optimizing internal workflows with technology
  • Measuring success - Key metrics for Legal Tech performance
  • Enhancing In-house capabilities through technology
  • Challenges and considerations
  • Managing Risk and Ethics in Legal Tech adoption
  • Takeaways

For NY - Difficulty Level: Both newly admitted and experienced attorneys

Description

In today's fast-paced corporate environment, everyone is increasingly expected to do more with less. This session will explore how leading legal departments are harnessing the power of data, analytics, and artificial intelligence (AI) to optimize their internal resources and reduce reliance on costly outside counsel. By leveraging these cutting-edge tools, legal teams can improve efficiency, enhance decision-making, and ultimately drive down legal spend without compromising on quality or compliance. From predictive analytics that inform litigation strategies to AI-driven contract review and management, and analyzing previous matters, this session will provide a comprehensive overview of the latest innovations transforming the legal landscape.

Discussion topics include:
  • New AI applications in the legal field, including contract analysis, e-discovery, and legal research
  • How to select and implement legal tech tools that can optimize internal workflows and improve efficiency
  • Identifying key data points and metrics that legal departments can track to measure performance and cost-effectiveness
  • Techniques to enhance the capabilities of in-house legal teams through training and technology adoption

Provided By

General Counsel Conference
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Panelists

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Marc Mandel

Senior Vice President & General Counsel
EXOS

Marc Mandel is a three-time General Counsel with a background in technology and operations management. He currently serves as the General Counsel of Exos, a pioneer in human performance research dedicated to helping elite athletes and corporate employees to achieve their highest potential.

As a policy maker and strategist, he has helped Exos to leverage AI and other technology to enhance legal operations and reduce spend.

He also co-founded the legal technology SaaS company CCPATollFree.com, bringing privacy law compliance to Fortune 500 clients, where he led product design and sales.

Marc holds a B.A. in International Relations from Tufts University and a J.D. from Tulane University, each earned magna cum laude. Connect with him at https://www.linkedin.com/in/marcmandel

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Zach Warren

Technology and Innovation Insights Lead
Thomson Reuters Institute

Zach Warren leads technology and innovation content and research for the Thomson Reuters Institute. Zach has been writing and speaking on tech and innovation for more than a decade, and charts the future of professional services industries, including legal, tax, and risk & fraud, through writing, podcasts, speaking engagements, and more. With the Institute, Zach has helmed multiple research projects on technology in professional services, including a series of Generative AI reports for the legal and tax industries, the Digital Strategy Report for law firms, and others. Before TRI, Zach was the editor-in-chief of ALM’s Legaltech News and regularly featured on Law.com, The American Lawyer and ALM events such as Legalweek.

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Donna Brown

Interim General Counsel
Great Minds PBC

Donna M. Brown is a senior corporate, securities, and privacy counsel with dual licensure in Florida and Massachusetts. Since 2021, Ms. Brown has worked as Associate General Counsel and recently Interim General Counsel and Chief Privacy Officer at Great Minds PBC responsible for all legal aspects of the print and digital publishing company, including intellectual property, privacy, AI, corporate governance, corporate finance and employment law.

Prior to her current position, Ms. Brown worked as Senior Counsel at Marriott Vacations Worldwide, where she was responsible for drafting and negotiating documentation related to hospitality operations, mergers and spin-off transactions, finance transactions, technology, and domestic and international real estate acquisitions.

Though her prior work as Assistant General Counsel at CNL Financial Group, Vice President at State Street Corporation, of Counsel at Baker & Hostetler, LLP, Vice President, and Assistant General Counsel at Monster Worldwide, Inc., Ms. Brown has gained extensive experience with securities regulations, corporate governance, corporate finance including securitizations and credit facilities, intellectual property, privacy, compliance, and mergers and acquisitions.

Ms. Brown graduated from Harvard Law School and Yale University. She is a member of the International Association of Privacy Professionals and has been a past faculty member of Lex Mundi International Mergers & Acquisitions trainings for mid-to-senior level corporate counsel in global law firms.


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