How to Control your External Counsel Costs
Managing a legal budget is more challenging than ever in 2024, with law firms increasing their fees due to rising operational costs. In-house counsel need to take strategic actions to ensure that their legal spend is both efficient and aligned with the business’s goals. One of the key recommendations from Axiom’s 2024 report is to […]
How to Add Value as an In-House Counsel
Succeeding in your in-house legal career requires more than just legal expertise—it demands proactive efforts to build connections, continuously learn, and stay agile. The article outlines seven key strategies for success, starting with building a strong foundation of core skills, such as legal research, writing, and contract drafting. An important takeaway from the article is, […]
How to Build a Legal Career Path
Building a successful legal career requires a strong foundation and a clear blueprint for growth. According to the article, in-house legal careers offer unique opportunities for both vertical and lateral development. Vertical growth involves moving up the ranks in legal roles, while lateral growth allows professionals to transition to new departments within the organisation, expanding […]
An interview with Cillian Sugrue From Enterprise Ireland
In today’s piece, we take a look at Irish Government Agency Enterprise Ireland (EI), its role in venture capital, and its support of Platforum9. In summary, Enterprise Ireland has emerged as the most active investor in European venture deals, in 2023, more than 52 Billion had been invested across 8,569 European deals, according to PitchBook […]
Unlocking Efficiency: The Role of Paraprofessionals in Boosting In-House Legal Team Performance
In-house legal teams often overlook the value of paraprofessionals, but investing in their development can lead to significant improvements in efficiency. Axiom’s 2024 insights emphasise the potential for paraprofessionals to handle tasks that would otherwise fall to more senior staff, freeing up attorneys to focus on higher-value work. By empowering paraprofessionals with the right training […]
Harvard Law School Signals the Change in the Profession
The legal profession in 2024 is experiencing significant shifts influenced by changes in democracy, salary structures, and hiring practices for general counsels. The article discusses how these factors are shaping the future of legal careers and the expectations placed on legal professionals. Key trends include increasing emphasis on diversity and inclusion, evolving compensation models, and […]
In-House Legal Career Path: Navigating Opportunities and Growth
The landscape for in-house legal careers is evolving, offering new opportunities for growth and specialisation. According to the article, professionals in this field are increasingly taking on strategic roles that go beyond traditional legal advice, including business operations and risk management. This shift is driving a need for skills that bridge legal expertise with business […]
In-House Counsel: Are Your Legal Costs Out of Control?
Rising costs in the legal industry are presenting a significant challenge for in-house legal teams in 2024. According to Axiom’s analysis of the Thomson Reuters Institute’s report, two in five in-house counsel expect their external legal spend to increase. These rising fees are largely driven by higher payroll and overhead costs, particularly as law firms […]
Overcoming Hurdles and Shaping the Future of Legal Tech in the Age of Artificial Intelligence
As artificial intelligence continues to evolve, the legal tech sector faces both unprecedented opportunities and significant challenges. The article explores how AI is reshaping legal practices by streamlining tasks such as document review and case prediction, yet it also highlights the hurdles firms encounter, including issues related to data security and ethical considerations. One key […]
A Rollercoaster Year: Legal Tech and 2024
In 2024, the legal tech landscape is set to experience significant shifts that promise both challenges and opportunities. Industry experts predict that the year will be marked by rapid advancements in artificial intelligence and machine learning, driving innovations that could redefine legal workflows and client interactions. These changes are expected to accelerate the adoption of […]