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.
