Michael Callier, Head of Legal Solutions and Consulting and colleague Edward Sohn, Head of Solutions and Product at legal services company Factor discuss how in-house legal teams, their outside counsel and new law players like alternative legal service providers (ALSPs), can collaborate and maximize productivity by leveraging the strengths of each.
Factor is a new law company (sometimes described as a managed legal services provider) providing legal and contracting solutions to in-house counsel and their lawyers.
Factor describes what it does as “having a niche focus on the mid-to higher complexity transactional legal work that forms the core workload of most in-house legal and contracting functions.”
In this episode of the Technically Legal Podcast, Michael and Ed and explain how all players in the legal ecosystem can and should work together to turn out efficient and quality work product for clients. While much of Factor’s focus is contract lifecycle management (CLM), Michael and Ed point out that efficient processes and appropriate use of software solutions may be applied to many areas of legal work.
In fact, when collaboration and legal processes are done right, Michael says it can solidify the position of legal departments and legal teams as “legal integrators” connecting and influencing various parts of an organization and providing positive impact on business results.
Ed takes it a step further and points out that ALSPs should become seamless integrated extensions of legal departments and become not vendors being managed, but just another member of the legal team.