Partnerblog
Unlock Key Legal Trends with the Legisway Benchmark 2024 Report
In today’s rapidly evolving legal landscape, staying ahead requires data-driven insights and best practices. The Legisway Benchmark 2024 Report, based on a comprehensive European study, offers an exclusive look into how legal departments are adapting to challenges, optimising workflows, and leveraging technology to enhance efficiency.
What’s inside?
- A deep dive into the key trends shaping legal operations in 2024, including AI adoption, digital transformation, and evolving regulatory requirements.
- Best practices for legal entity management, from corporate governance to document centralisation and workflow automation.
- Insights into budget allocation for legal departments, revealing how resources are being distributed to enhance efficiency and compliance.
- Data-driven strategies to improve compliance, mitigate risks, and enhance cross-department collaboration.
Key statistics from the report
- The most pressing challenge for legal departments is managing an increasing workload, closely followed by navigating growing complexity.
- 46% of organisations still rely on shared drives, while one-third of surveyed legal departments have implemented contract lifecycle management software to streamline operations.
- 41% of legal departments have planned initiatives to enhance collaboration with other teams across the organisation.
- The primary barrier to AI adoption is the lack of time, cited by 39% of respondents as a key challenge.
Why this report matters
As regulatory complexities continue to increase, legal departments across Europe are under pressure to optimise efficiency while ensuring compliance. This report provides a detailed benchmark analysis, enabling legal professionals to compare their practices with industry standards and identify areas for improvement. By leveraging technology and strategic insights, legal teams can reduce administrative burdens, improve risk management, and focus on delivering high-value legal counsel.
Whether you’re looking to streamline your legal operations, adopt cutting-edge legal tech, or gain a competitive edge, this report is an essential resource for making informed decisions in 2025 and beyond.
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