The legal industry is experiencing change, and this is especially true for in-house counsel who face significant changes and an increasing number of demands. With counsel expected to provide immediate answers for a variety of issues ranging from simple to complex, all on a smaller budget, legal task-based technology can provide a lifeline to sourcing reliable information and appropriate tools quickly and efficiently.
Most traditional legal research begins with a query or search. But new tools such as Thomson Reuters Practice Point, instead are organized around specific tasks, delivering on-point research and other resources that are hand-selected and continually updated to provide the most current and relevant knowledge for a given project.
Here are three key benefits to using a solution, organized by legal task or project:
1. You have the resources you need literally at your fingertips.
The complexity of sorting through legal research queries and results can consume enormous time, particularly when tackling new issues or a less familiar area of the law. Integrated solutions provide direct access to a comprehensive collection of relevant legal information drawn from multiple sources, eliminating the need to switch back and forth between applications. Coupled with a task-based structure, now you can easily identify on-point resources organized to enable you to form a solid grounding on a specific issue.
2. Increased efficiency.
Not only does a task-based solution offer legal departments easily accessible and organized research results, it ensures the most appropriate forms, checklists, model documents , analytical materials and other tools are clearly tagged by task, thus saving you time. This helps in-house counsel to quickly and efficiently tackle the matter at hand.
3. Time, money, and confidence.
Legal departments want to handle more issues in-house and better manage outside counsel work. And, spending less time culling and compiling information from various sources is a key component to achieving this goal. Rather, if in-house counsel can rely on one integrated, task-based solution with access to up-to-date, accurate resources, they will feel greater confidence in producing well-researched, solid legal work, which can lead to significantly less stress on their outside counsel budget.
In all, using task-based technology allows in-house counsel to more easily navigate new and unfamiliar matters and see issues from a broader legal perspective. This type of innovation helps corporate counsel better understand related issues so you are better positioned to advise, negotiate and draft more effectively, which leads to less stress on your budget and time.
Thomson Reuters recently unveiled Practice Point, a task-based solution that integrates Practical Law know-how and Westlaw authoritative primary law into a single platform, along with time-saving tools and helpful resources.