eDiscovery Daily Blog

According to Survey, Difficulty Getting Budget is the Top Legal Tech Struggle for GCs: eDiscovery Trends

According a new survey from Clyde & Co and Winmark, the number one reason that General Counsel (GCs) struggle with legal tech adoption and implementation is ‘difficulty in getting budget‘.  But, don’t blame the board for that.  ;o)

According to Artificial Lawyer (‘Difficulty Getting Budget’ No 1 Reason GCs Struggle With Legal Tech), 55 percent of the inhouse lawyers identified ‘difficulty in getting budget‘ as a challenge, which was the most of any challenges identified.  Here is the complete list of challenges and percentages for each:

  • Difficulty getting budget: 55 percent
  • Issues with legacy systems: 45 percent
  • Deciding what to invest in: 37 percent
  • Lack of time: 31 percent
  • Tech not meeting expectations: 25 percent
  • Lack of knowledge: 24 percent
  • Implementation overruns: 20 percent
  • Legal framework for tech not complete: 18 percent
  • Resistance to change from the board: 10 percent

So, over half of the GCs indicate that it’s difficult to get the budget for technology, but only 10% indicate that the board is resistant to change.  Sounds to me like it’s not so much the board holding GCs back as it’s demonstrating return on investment (ROI) on the tech purchase that’s the stumbling block.  Maybe.

The entire 40-page report is available and can be downloaded from here – it has various findings from GCs and board directors regarding risk landscape and responsibility, technology innovation and risk and the role of the GC.  For example, despite the high perceived risk of cyber attack (75 percent from GCs, 79 percent from board members), 42 percent of GCs and 37 percent of board directors do not have a plan in place to address those attacks.

I should note that, when downloading the report yesterday, I received an odd error on the screen that seemed to indicate that it didn’t accept my inputs, but a link to the report was still emailed to me.  Be patient.  :o)

So, what do you think?  Is budget the biggest challenge for GCs with regard to technology?  Please share any comments you might have or if you’d like to know more about a particular topic.

Sponsor: This blog is sponsored by CloudNine, which is a data and legal discovery technology company with proven expertise in simplifying and automating the discovery of data for audits, investigations, and litigation. Used by legal and business customers worldwide including more than 50 of the top 250 Am Law firms and many of the world’s leading corporations, CloudNine’s eDiscovery automation software and services help customers gain insight and intelligence on electronic data.

Disclaimer: The views represented herein are exclusively the views of the author, and do not necessarily represent the views held by CloudNine. eDiscovery Daily is made available by CloudNine solely for educational purposes to provide general information about general eDiscovery principles and not to provide specific legal advice applicable to any particular circumstance. eDiscovery Daily should not be used as a substitute for competent legal advice from a lawyer you have retained and who has agreed to represent you.