What cannot be automated: Compliance by design

Overview

“#Compliance” is one the trending hashtags in the legal industry according to www.ritetag.com . This is no surprise for both private practice and in-house lawyers, as keeping up with legislative and regulatory inflation and ensuring key rules are applied on the ground is a daily challenge.

Another trend in 2019 compliance is a move towards exploring tech to cope with budget cuts.

Tech can certainly help lawyers deal more efficiently with ever-evolving regulations. Think, for example, about an API that would link directly SAP or any ERP system to the comprehensive lists of applicable international embargoes, depending on where the corporation concerned is based.

But what's the main pain point about compliance? For those who still believe in law, the main friction is getting the business to engage properly with compliance processes and documents.