Responding to Business Pressures on Legal Departments: The Value of The Uniform Task-Based Management System Code Set
Abstract
Corporate legal departments are facing unprecedented pressure to manage themselves like any other business unit, streamlining costs and improving efficiency. This presents unique challenges to a department that has traditionally spared no expense in defending the company’s interests. A bevy of legal technology solutions has arisen to meet those challenges, but with their implementation comes the secondary challenge of making good use of the data they gather. A process that provides for actionable information from that data is central to being able to manage a legal department strategically and with greater efficiency. This is why the Uniform Task-Based Management System (UTBMS) code set is critical when looking at process improvements. Requiring your law firms to submit invoices containing time tracked using UTBMS codes is not cumbersome given the modern technology in use at the vast majority of firms, and it provides legal departments with detailed information about what type of work is being performed by their firms, not just how much work is being performed. This paper will provide an introduction to UTBMS codes and discuss how the data they provide can be gathered and reported on to enable more strategic legal department management.
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