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Published in:
2017 | OriginalPaper | Chapter
CLOC: Joining Forces to Drive Transformation in Legal: Bringing Together the Legal Ecosystem
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Abstract
Many corporate legal departments still run in much the same way they always have, failing to keep up with the changing needs of the modern marketplace. In today’s fast-moving and competitive markets, where companies need to enter into new types of agreements and relationships with customers and partners, this is no longer good enough. Corporations need innovative strategy and cutting-edge execution from their legal departments.
Everyone leading a legal department, today, must define their goals. Do they want to focus simply on being an effective and capable legal department? Or do they want to think like a business, and focus on growth, innovation, and opportunity? The further they go from the traditional, limited model of corporate legal teams, the greater the potential impact on the organization—but the greater the risk.
The non-profit group CLOC (Corporate Legal Operations Consortium) is a direct response to that challenge. It is a collaborative, community-driven organization of legal professionals focused on defining the future of corporate legal departments. The association is focused on modernizing, streamlining and amplifying the Legal Operations role within the legal ecosystem.