In The News

Industry Insiders Lay Out 5 Ways Legal Tech Will Shake Up the Legal Profession in 2021, From Big Law Partnerships to Transforming In-House Counsels’ Roles

Business Insider

30 Dec 2020

David Newman spoke to Business Insider about how the role of in-house legal counsel will transform in 2021.

According to Morrison & Foerster’s third COVID-19 Impact Survey, nearly a third of in-house counsel expect their spending on outside counsel to decrease over the next six months. As a result, industry experts predict that in-house legal teams will be expected to take on more responsibility, and legal tech can help bolster their work. In fact, while in-house departments were historically seen as cost centers, that’s changed with the pandemic.

“The companies that have been the most successful in navigating the pandemic were those with in-house counsel that are very integrated into all manner of contingency planning and risk-based decision-making,” David said.

Read the full article.

Close
Feedback

Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.