Morae Global and Phoenix Business Solutions hosted a breakfast briefing on July 11 at Searcys at The Gherkin in London that gathered General Counsel, CIOs, litigation heads and law firm leaders from the UK and globally. The briefing followed Morae Global’s recent acquisition of professional services information specialist Phoenix Business Solutions and highlighted opportunities for additional growth, efficiency, digital transformation, enhanced legal operations and improved eDiscovery.
Moderated by Shahzad Bashir, Morae Global President & Chief Executive Officer; Mathew Crocker, President of Phoenix Business Solutions; James Neath, President of CLUTCH Information Management & Discovery; and Joy Saphla, President of Morae Legal, the event focused on combining expertise and technology to execute digital transformations and collaborative vision. Morae Global Director Magnus Becher was also in attendance as participants discussed the state of the industry and shared industry challenges in interactive sessions.
With more than three decades of experience in legal and financial consulting services, Bashir shared Morae Global’s history as a pioneer in the application of business to law and how Morae Global’s market insight brings together legal, compliance and professional services providers to capitalize on fundamental change in the legal services supply chain. Bashir also highlighted how the recent acquisition of Phoenix Business Solutions by Morae Global strengthens its strategic direction and capabilities around artificial intelligence and cloud-based technology in order to help its clients better collaborate through the use of technology, data and information management.
“Shahzad’s extensive consulting experience and talents as a true business enabler, solving business problems in legal and compliance, set the tone of the event,” says Becher. “Morae Global is young and dynamic but at the same time informed and guided by industry veterans—a formula for success in a global, fast-paced marketplace.”
The briefing featured a practical look at digital transformation with topics including:
- Use of integrated contract life cycle management for better financial outcomes and reduced deal closing time.
- Creating cost-efficient managed legal services that arecompliant and streamlined.
- Maximizing transaction value and reducing risks during mergers and acquisitions.
- Case studies from FTSE 100, Fortune 500 corporate and Legal 500 law firms.
- Conforming to the highest standards of compliance, ethics and risk management.
- Timely and cost-effective on-demand resource management across all legal matter types.
- eDiscovery and eDisclosure advisory services that can translate, analyze and visualize data.
- Migrating your document management solution to the cloud.
Saphla and Pearson SVP/Associate General Counsel Robert Mignanelli (via video) presented a case study of Pearson legal department’s transformation from a Center of Excellence (COE)” to a world-class Transaction Service Center (TSC)” addressing the need for change and the journey to a new paradigm for delivery and management of transactional legal services through effective use of tools, resources, processes and standards. They also discussed Pearson’s evolution from white-glove business support to a legal service request “legal department front door,” showcasing why and how the Pearson legal department has redefined itself and how it supports and executes contract work.
“Joy’s case study was a case in point for taking the plunge and trusting an organization to do right by the corporate end client. Pearson did exactly that and generated fantastic results, including better quality, a more relaxed legal department—as opposed to the white-glove and always available model—and overall substantial cost savings,” Becher says.
As president of Morae Global’s CLUTCH Information Management and Discovery, Neath leads a global team of professionals that delivers state-of-the-art, cost-effective technology solutions in information governance, eDiscovery and managed data review for GC and major law firms. He outlined how a senior in-house lawyer with at a minimum of 20 years of experience would think of forensics, eDiscovery and managed review. “Jim’s business is informed by his and others’ subject matter expertise, which positively affects our approach with technology and counsel,” adds Becher.
In the final portion of the presentation, Crocker illustrated how to close the contract life cycle and how information in organizations can deliver valuable business intelligence. A co-founder and president of the Phoenix Business Solutions service line of Morae Global, he leads the number one global iManage partner and provides strategic consultancy, software solutions and digital transformation for organizations across the legal and professional service markets.
“Law firm partners want to use innovation as a differentiator. However, innovation is only true if it solves a business problem relevant to the client,” Becher says. “Morae Global innovates to find a solution to an intrinsic or extrinsic problem.”
The Morae Global briefing and executive roundtable series provides a unique forum to network, learn best practices and discuss the latest issues facing in-house counsel. If you are interested in attending future events, please contact Magnus Becher at [email protected].
For more information about Morae Global’s upcoming events, please visit https://www.moraeglobal.com/category/events/.