Manage and analyze content to meet legal or regulatory obligations
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To deliver superior service, corporate legal departments and compliance leaders must be able to quickly assess and mitigate risk, drive strategy and make data-driven decisions. Legal and Compliance solutions boost operational excellence, improve information governance and allow teams to focus on high-value activity needed to meet legal demands and regulatory obligations.
Legal departments are spending more on legal technologies to improve efficiency and meet obligations, with many planning to increase their budget threefold by 2025.
61% of legal department leaders are cutting costs by adopting new or better technologies to simplify workflows and reduce manual processes.
Legal operations professionals are increasing AI adoption, with 83% planning to use the technology to improve eDiscovery document-review efficiency.
Investigation teams are just starting to automate investigation processes, with more than 76% still using manual review to identify key documents.
62% of legal, compliance and privacy leaders say their board of directors identified information governance as a priority, leading to additional investments.
Organizations are investing in privacy management software, with 49% of key decision-makers identifying it as the top tech investment for privacy.
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