Cultivating the legal ecosystem: Recognizing the need to innovate
Professionals in our field are becoming familiar with the concept of the legal ecosystem, a term that conveys relationships shared by corporate and other clients, outside counsel and third-party service providers.
March 24, 2014 at 08:00 PM
3 minute read
Professionals in our field are becoming familiar with the concept of the “legal ecosystem,” a term that conveys relationships shared by corporate and other clients, outside counsel and third-party service providers.
In viewing these relationships as an ecosystem, perhaps the biggest “environmental concern” is the misalignment between ever-increasing budget pressures in corporate legal departments and law firms striving to remain profitable in a highly competitive market.
As one of the leaders of the NetApp legal team, I have seen the significant benefits of applying innovative and bottom-line approaches throughout the legal ecosystem. These include better utilization of in-house talent, more collaborative and mutually beneficial relationships with outside counsel, higher morale across the board and a notable reduction in annual outside legal expenditures.
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