Via Lawyers Weekly Australia
Global provider of legal, government and corporate information solutions LexisNexis has launched a practical guidance platform to help corporate counsel manage complex legal issues and improve operational performance.
The “Practical Guidance In-House Advisor” platform has, LexisNexis said in a statement, been designed specifically for, and in consultation with, in-house lawyers.
It includes, the provider said, an “extensive bank of resources which support in-house lawyers as they navigate a huge variety of challenges — from contract negotiation to crisis management — that are sometimes outside their area of direct expertise, and acts as a gateway into other modules of Practical Guidance through the Frequent Tasks Tools, helping lawyers provide trusted and timely advice”.
It also offers practical tips on how best to manage a corporate legal department and its operations, recognising the dual role that in-house lawyers have as both legal counsel and strategic business partners.
As such, LexisNexis posited, the platform arms in-house lawyers with key business skills and the tools to demonstrate the commercial importance of their function, when it is often viewed as a cost centre, particularly by leaders of revenue-generating business units.
For example, the provider went on, “it will be easier for an in-house legal department to demonstrate that it makes financial and prudential sense to maintain in-house legal capacity, if it is clearly structured with a defined strategy and system; carefully manages its relationships with the non-legal functions of the business; and is able to accurately report both on its performance and the value it contributes to the organisation”.
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https://www.lawyersweekly.com.au/corporate-counsel/35156-lexisnexis-unveils-in-house-advice-platform
