CLOC Core 12: The Corporate Legal Operations Consortium`s list of 12 functional areas that make legal transactions a success: ALSP (Alternative Legal Services Provider): A company that only provides certain types of legal advice and deals with specific legal issues. ALSPs are competitors to traditional law firms. Click below to find solutions that meet your needs. An essential guide to legal literacy for students, business people, journalists, politicians or anyone who wants to be an informed citizen. Electronic invoicing: Software designed to replace paper and email settlements between legal departments and law firms. This technology automates the entire invoicing process to save teams time and energy. As you pursue your education, you will be ready for success, no matter what internal position you find yourself in. Check out our beginner-friendly introduction to in-house legal services, our new article on how departments can use legal analysis, and our learning center. This legal dictionary provides the legal and legal meaning of the insurance terms included in first customer insurance and liability insurance. Legal analysis: objective data on legal expenses, business, invoicing and suppliers used for strategic decisions. The completely revamped, expanded and updated manual sets the standards for citing various legal documents, including electronic and online resources. UTBMS (Uniform Task-Based Management System): A code system used to easily categorize legal services and expenses.

Maverick expenses: unforeseen expenses that are not discovered until invoices reach accounting. Reducing this type of expense is an important responsibility for in-house legal teams. Document Management: The process of storing, organizing, sharing, and reviewing complex legal documents. Legal Operations Platform: A digital solution that centralizes all information on legal issues, suppliers and expenses. This type of software helps in-house legal teams run better by giving them clear access to relevant data in one place. CLOC (Corporate Legal Operations Consortium): A well-known networking group for legal operations professionals focused on sharing best practices, solutions and data to drive innovation in the industry. TK (Timekeeper): A member of a law firm, such as a lawyer, paralegal or administrative member, working on a legal issue. The name comes from tracking the time they spend accurately billing customers. Whether you`re new to in-house experience, a senior lawyer looking to refresh the latest industry terms, or an employee working closely with an in-house legal department, our dictionary is a great resource for expanding your knowledge in this area of the complex legal profession. Hundreds of terms relating to insolvency are defined and commented on in this dictionary, including legislative history, official commentaries and references to published case law. GC (General Counsel): This senior executive, also known as Chief Legal Officer (CLO), advises the firm on all aspects of legal and risk management. A CG oversees the in-house legal team.

Project Management: A process for controlling and managing legal matters with a clear understanding of scope, schedule, risks and costs to ensure projects are completed in accordance with business objectives. AFA (Alternative Fee Arrangement): An agreement between a client and a legal advisor to pay the firm on a structure other than hourly billing. External lawyers (AKA providers): law firms hired to provide legal services to a company that are not managed by in-house legal departments. Legal Ops teams manage relationships with these companies. Case Management: The process of collecting, tracking and applying information on issues (legal projects) for decision-making throughout the business lifecycle. Thomson Reuters Legal Solutions offers legal books and legal dictionaries, including Black`s Law Dictionary. Choose from a comprehensive collection of legal references and legal encyclopedias to enhance your legal practice and success. Black`s Law Dictionary, 11th edition, contains over 55,000 legal terms, including their first use, a pronunciation guide, Latin maxims (with index), a bibliography of over 1,000 sources, 6,000+ citations, and more. PA (Practice Area): A specific type of legal work. Some common areas of law include litigation, finance, regulatory, real estate, employment, intellectual property, energy, and healthcare. Invoice: A list of legal services provided by a law firm, including a statement of the total amount owing.

ELM (Enterprise Legal Management): Legal software that provides electronic invoicing, records management, document management, reporting, and other important legal functions in a central system. RFP (Request for Proposal): A document published by a company that describes the needs of a project and requests quotes from suppliers for products, solutions and services. 40% of respondents to OCBC`s 2021 State of the Industry report said their in-house legal services have increased. In addition, the implementation of legal software has been higher than in 2020. As these teams continue to grow, evolve, and adopt new technologies, it`s important for professionals to understand the jargon of legal processes. The most effective Legal Ops teams use legal technology to their advantage. Add legal services to one of your following lists or create a new one. Reference for the library of tort / personal injury – a repository of hard-to-find data and experts, proving liability.

This title gives you the combined tables and indexes of the four Witkin treatises. This publication provides a detailed review of events and trends impacting the affordable housing and community development sector, as well as updated reference documents. This volume is a comprehensive summary of New York criminal law as enunciated by the New York Supreme Court. This product is a multi-volume set of judicial definitions of words and phrases, listed alphabetically by state and federal courts. Definitions may include, but are not limited to, legal forms, court rules, by-laws or business documents. Each definition contains a citation from the court that provided the definition. Each definition is also mapped to West`s key number system® by West`s legal publishers. By adding pocket pieces, all new legal constructions and interpretations of words and phrases are delivered quickly as soon as they are available from the courts. Practical and comprehensive resource to find the latest workers` compensation bylaws. New publication that helps put federal practice and procedure on the desk in one volume. KPI (Key Performance Indicator): A measurable value that shows how effectively a company achieves a specific business goal. Change Management: A process of planning and implementing change, such as introducing new technology or launching a new process in organizations in a thoughtful and educational manner.

The goal is to minimize employee resilience and costs while maximizing the effectiveness of change efforts. 1. A complex or simple answer to a problem. 2. A liquid containing more than one substance, e.g. a liquid and a solid dissolved in it or 2 liquids mixed together. Supported by Black`s Law Dictionary, Free 2nd ed., and The Law Dictionary. This product contains legal definitions of words and phrases, arranged alphabetically. This set provides a brief overview of the most important areas of Michigan civil law. It was reissued in 2005 in loose-leaf format. ACC (Association of Corporate Counsel): The world`s largest organization serving the professional and business interests of in-house counsel in corporations and not-for-profit organizations. M&A (mergers and acquisitions): A type of corporate law that focuses on the purchase, sale and consolidation of various companies.

GDPR (General Data Protection Regulation): A European Union law that focuses on how companies access, store and use personal data. Compliance with these data protection laws is a growing concern for General Counsel. This encyclopedia provides an overview of Indiana state law, as well as commentaries and research aids. KRI (Key Risk Indicator): A measurable value used by in-house counsel to assess a company`s risk exposure or the level of risk in a particular business or activity. The detailed glossary, based on Black`s Law Dictionary®, covers several related areas such as criminal law, criminal procedure law, criminology and criminal sciences. CLM (Contract Lifecycle Management): A methodical approach to contract management from initiation to issuance, compliance and renewal for significant time and cost savings. Cost codes: Alphabetical or numeric labels assigned to different costs based on their functions. These allow better cost control.

Privacy compliance: A form of risk management that ensures that a company`s processes for storing, accessing, using, and protecting consumer and employee data meet the requirements of relevant global, national, state, and local data protection laws. Electronic signature (AKA digital signature): Technology that allows in-house lawyers to exchange and sign business documents and contracts online rather than in person. Integration: Ability to connect software to a third-party application for efficient and reliable data exchange and storage. The goal is to create a single source of truth by automating the manual collection of data from different sources. Defines tax terms, words and phrases used in modern U.S. tax law and provides working knowledge of over 6,000 expressions.