In an era where the justification of every department's value is scrutinized, legal departments are finding themselves under the microscope. Gone are the days where the impact of legal professionals was ambiguous and their contributions, though crucial, were hard to quantify.

As we step further into the technological frontier, the tools and metrics available to measure and demonstrate the value provided by legal teams have evolved significantly. This transformation will be the focus of an insightful panel discussion scheduled for March 3rd at 1 p.m. ET, co-hosted by legal technology experts at LinkSquares and Above the Law.

This event promises to dive deep into both traditional and contemporary methods that law departments can employ to not only showcase their effectiveness but also to enhance their operations. The discussion will spotlight emerging Key Performance Indicators (KPIs) that are becoming standard in evaluating business functions, including legal departments.

Understanding and tracking these KPIs is crucial. They serve as benchmarks that law departments can use to measure their efficiency, effectiveness, and overall contribution to their organizations. Furthermore, the panel will explore how law departments can transform their contract portfolios into revenue-generating assets, highlighting a significant shift from seeing legal frameworks as cost centers to recognizing them as potential profit centers.

Another exciting area of discussion will be the evolving role of the billable hour, a traditional staple in the legal field. With advancements in artificial intelligence (AI), there are now more opportunities than ever to streamline operations and reduce reliance on billable hours as the sole metric of productivity and value.

For those interested in integrating these advancements into their practices, the panel will provide actionable insights and examples of how to apply these metrics and tools in day-to-day operations. Additionally, attendees will have the opportunity to earn 1 Hour CLE credit, making this event not only informative but also a valuable educational opportunity.

Registration is open, and given the pace at which legal tech is advancing, this panel is a must-attend for legal professionals aiming to stay ahead of the curve. Embrace this chance to learn how your law department can not only prove but also enhance its value in this rapidly evolving business landscape.