A record crowd of ~ 2,500 legal professionals from 25 countries gathered in Las Vegas this month for the 2023 Corporate Legal Operations Consortium Global Legal Institute (CGI). Most attendees observed that the general energy of this year’s conference was higher than at any similar industry event in recent memory. The conference once again focused on transformations in legal operations, training, technology, and innovation, combining favorites from previous programs with new engagement features and education formats.
The Federal Reserve Bank’s recent aggressive actions with raising interest rates, combined with leading indicators from both the equity and fixed-income markets, suggest that the risk of a recession this year is rising. As of January, the probability of the U.S. falling to an economic recession by December 2023 is now at 47.31%, according to the Statista Research Department.
For the first time since 2019, the Corporate Legal Operations Consortium (CLOC) Global Institute (CGI) returned in person to the Bellagio in Las Vegas. And what a time it was! Despite the pandemic, CLOC and CGI are both bigger than ever – CLOC’s membership now tops 4,000, CGI attendance was over 2,000, its largest yet on record, and there were over 100 exhibitors.
As we emerge—hopefully soon—from the coronavirus crisis, organizations are celebrating what they have accomplished and reflecting on what they have learned in a year marked by dramatic challenges. Responding to the ever-shifting circumstances of a global pandemic demanded adapting continuously, keeping a watchful eye on current and future needs, and recalibrating technological tools and capabilities.
Last year was a maelstrom of change—which of course also swept up Legal Lab, HBR Consulting’s annual gathering of leaders from some of the nation’s top law departments and law firms. Rather than the two-day, in-person event that HBR usually hosts, last year Legal Lab turned into as a series of five virtual sessions across multiple weeks.
Traditionally, the legal industry has been reluctant to implement change; after all, lawyers adhere to a case law system built on hundreds of years of case precedent. To say that the industry has been plagued by change gridlock is an understatement.
Nothing ever stays the same, which means organizations that do not actively and correctly manage change may find themselves creeping downhill, gradually accelerating as the pace of transformation around them picks up. Fortunately, law departments have recognized that change management is a critical success factor in the face of increasing cost pressures. They are hard at work on change — but are they focused on the right areas to reap the greatest rewards from that change?
It was great to see so many friends at ILTACON in Orlando last week – it was an excellent opportunity to network, learn and have fun.
It was wonderful to see old friends and meet new ones at the recent Corporate Legal Operations (CLOC) Institute in Las Vegas, and to participate in the knowledge-sharing that is the event’s hallmark.
I had a clear message to deliver to those in attendance when I took the stage at this year’s International Legal Technology Conference (ILTACON): law departments are gathering, centralizing and sharing more data than ever, and many law firms are lagging behind. During the presentation, “Data Gathering and Sharing by GCs,” I was joined by Ron Katcher, director and senior corporate counsel at Qlik Technologies, and Paul Nicandri, chief service delivery officer at DLA Piper. We took a deep dive into how law departments and law firms are (or are not) using analytics, highlighted the disparities between law departments and law firms, and offered some suggestions to law firms about making better use of data analytics to bolster their relationships with clients. Here are some key takeaways from our session.