The pressure to transform legal business models is reaching new heights. KPMG`s legal technologists work with our leading lawyers to leverage their expertise in smart, easy-to-use applications that save time and money. These applications also allow a company to track its progress over time and provide rich amounts of data. The new offering, called Global Legal Operations Transformation Services, will help general counsel and legal departments «adapt to a new reality» after the COVID-19 pandemic, KPMG said. The initiative is designed to help both mature legal functions and those just beginning their legal business journey achieve greater efficiency through process and technology. KPMG has announced a new global service for in-house legal departments looking to modernize, improve and retool their operations, the firm announced Wednesday. KPMG`s Legal Business Transformation Services leadership team includes Andreas Bong, Nicola Brooks, Philipp Glock, Eric Gorman, Kimberly Tan Majure and David Murray. These executives are supported by their team members in national law firms and global organization professionals, including MBAs, lawyers, legal technologists, data scientists, and operational excellence specialists. Their diverse and complementary capabilities and combined experience combine in KPMG`s global methodology to deliver significant value to clients.
SYDNEY—(BUSINESS WIRE)—As general counsel and in-house legal teams face increasing pressures their organizations are facing in the wake of COVID-19, there is an urgent need to rethink delivery models and transform the way legal functions operate. While the movement to digitize and automate the legal function was already underway before COVID-19, it is now a business imperative, and the scope and scope are broader than before, as the pandemic situation has increased the need for businesses to transform. Provide insights that help you transform your legal operations to create value effectively and efficiently. The Legal Operations Transformation Services team has over 14 years of experience in legal transformation, with recent and current exposures to multinational organizations in the financial services, wealth management, automotive, insurance and consumer products industries. In the last two years alone, KPMG companies have achieved more than $200 million in cost savings across a range of services, including process optimization, automation, contract lifecycle management, managed services and product-focused legal solutions. As the business world becomes increasingly interconnected and agile working becomes the new normal, revising and redesigning the legal structure within a company and resource is high on the agenda. We help weigh factors ranging from the current business model to centralized or decentralized to the form of the team. Transforming the legal function means prioritizing, importantly, optimizing team capability and evolving with the digital age so that they can provide support in new and more creative ways.
KPMG has a dedicated team that helps legal functions transform and achieve operational excellence. KPMG is a global organization of independent professional services firms providing audit, tax and advisory services. We operate in 147 countries and territories and employ more than 219,000 people in member firms worldwide. Each KPMG firm is a legally distinct entity and describes itself as such. «I believe KPMG`s Global Legal Operations Transformation Services teams are `global`, both in terms of geographic coverage and strategies offered,» said Stuart Fuller, Head of Global Legal Services, KPMG International. «Practice leaders are high-level, experienced and work together at KPMG firms in Europe, the Americas and Asia Pacific. They focus on results and deliver meaningful, measurable improvements for legal functions across KPIs, such as productivity, customer satisfaction, and quality metrics – results that are critical for businesses in today`s climate. Our solutions combine the expertise of legal advisors who understand your legal issues with the experience of project managers and consultants to implement seamless solutions. In doing so, we always pursue one goal: to enable the members of your legal department to focus as effectively as possible on what matters – mastering the complex and specific legal challenges of your business. The legal aspects of doing business have never been more important, whether it`s informing a company`s strategy or performing day-to-day tasks. Corporate legal functions face increased demands from all angles and often need to provide more cost-effective services, with increased transparency and control over risk and governance.
Some portfolios of work require access to legal advice, but companies want the process to be as efficient as possible, at a predictable price and with minimal effort. We can establish and operate a managed legal department that applies the right level of legal oversight with smarter processes and technologies, and signals any outliers or opportunities for improvement to the business. KPMG LLP experts can help you build a legal operating model that meets your business needs and aligns with the company`s strategic objectives. By offering our KPMG Established Legal Operations Transformation services, we can help you leverage your success to deliver even more efficiently today and prepare you to continue to accelerate and excel in an increasingly complex future. With proven methodologies, tools and approaches designed specifically for the legal department, we can help you drive change and achieve both tactical quick wins and strategic transformation. Out-of-the-box solution| Legal advice| | KPMG Legal Team Perspectives| Services | Motorized business Increasing regulatory requirements, galloping technical progress and constant cost pressure: modern legal departments face various (complex) challenges. As a result, efficiency optimization is also becoming increasingly important in the legal industry. Other challenges await the heads of legal departments.
KPMG Law Firm supports you in the development and implementation of future-oriented processes and organizational structures in addition to your day-to-day activities. Contact Jason McQuillen (Partner, KPMG Law) to discuss how KPMG can help you streamline your legal function, allocate resources and transform them. In order to ensure the most cost-effective and efficient way of working, the legal function must be clearly mapped and processes articulated. Our approach is to work with an organization to assess and rethink legal operations to develop a world-class approach to core and support processes. Before implementing new technologies, we recommend optimizing contracting processes. «You need to create an ecosystem within the legal department that meets the diverse needs of the department,» said Eric Gorman, a partner at KPMG. «Some technologies don`t always fit together and aren`t used properly.» February 25, 2021 | How and why organizations are redefining their legal functions March 2, 2021| What forces will shape the legal functions of tomorrow? Ahead of the curve – We advise legal departments on digital transformation. If a company needs additional legal support, whether for a specific period of time or for a specific project, KPMG Flex for Legal provides access to approved and qualified legal talent upon request. The legal profession is at a turning point. General counsel and legal operations managers are taking a more strategic role and adding value to their business in new ways. As business models change and become more complex – and as businesses navigate a more intrusive and prescriptive legal and regulatory environment – it is imperative that legal departments modernize and transform. Our KPMG Legal Business Transformation Services (LOTS) can help you build a competitive advantage, improve performance and create a better experience for your legal team, organization and clients.
In light of the heightened risk environment and financial burdens surrounding in-house legal services, KPMG, a global organization of independent professional services firms, on Wednesday launched a legal business transformation service. * Important note: Some member firms of KPMG`s global organization, including the U.S. law firm KPMG LLP, do not offer legal services or do not have KPMG legal services firms. In the United States, these legal transformation services are provided through the advisory and tax functions. Some or all of the services described herein may not be permitted to KPMG Audit clients and their affiliates. Legal departments operate in an environment of regulatory, control and rising cost pressures, but they need to have a clear focus on value creation and a more efficient approach to legal service delivery.