FTI Consulting, Inc. (NYSE: FCN) has announced that the firm's Technology segment has further expanded its legal department transformation solutions from the Corporate Legal Operations practice. Tackling an enhanced list of top focus areas for corporate legal departments — including business strategy alignment, legal technology adoption, processes and spend management — the team can deliver assessments with actionable roadmaps for program improvement, alongside comprehensive services and technology that support the entirety of legal operations transformation.
The importance of legal operations has grown significantly in recent years, with economic and business drivers placing increasing emphasis on the need for corporate legal departments to streamline processes, reduce operating costs and implement automation. According to a Blickstein Group study, nearly half (44%) of legal departments report that they need to update their core technologies to do this. However, 60% of legal operations professionals said in the same study that business process improvements are their number one challenge.
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