In the words of Harvard professors, Marco Iansiti and Karim R. Lakhani, the contract process now represents “a rush-hour gridlock trapping a Formula 1 race car”. The International Association for Contract & Commercial Management (IACCM) has found that 83% of businesses are dissatisfied with their organization’s contracting process. The time spent on reviewing paperwork sees hard-pressed in-house lawyers blamed … Continued
In a series of monthly interviews, LawGeex speaks to top In-House Counsel adopting legal technology to enhance productivity. Here, we speak to Vicky Lockie, Senior Consultant VBL Consulting, and formerly Associate GC at Pearson. What is Pearson and how is its in-house legal team organized? Pearson is the world’s leading learning company, employing more than 35,000 … Continued
Reuters reports that the Obama administration has called on US states to put a ban on employee non-competes in many employment agreements that prohibit workers from taking jobs with the employers’ competitors. According to the White House Press Office, non-compete agreements narrow employment options for an estimated one in five workers in the US. About … Continued
Every year, the Association of Corporate Counsel (ACC) recognizes “Value Champions” – in-house counsel who have “utilized value-focused management practices to cut spending, improve predictability and achieve better outcomes.” One of the criteria is reducing legal spending by at least 25%. These money-saving innovations often involve technology. So what can you, as a leader in … Continued
