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When Enterprise Legal Management and GRC Collide

Joe Mont | February 24, 2015

Corporate legal departments are happy to use enterprise legal management—also known as “practice management” to lawyers of a certain age—for the unsexy stuff: managing invoices from outside counsel, studying legal budgets to see where the dollars go, tracking regulatory enforcement, etc.

There is a theory, however, that looking more deeply at the data in ELM might help compliance officers responsible for that other acronym, GRC. Since legal spending and data are so often rooted in some governance or compliance concern, the thinking goes that perhaps ELM can help inform corporate leaders trying to make better decisions about compliance and risk management.

Research by Gartner last year went so far as to argue that ELM could be, and perhaps should be, treated as a subset of governance, risk, and compliance platforms. A report by its analysts refers to ELM as “part of a growing category” of GRC solutions focused on supporting interactions between general counsel and... To get the full story, subscribe now.