How Fund Managers Can Use Technology to Transform and Streamline Complex Legal Operations: One Manager’s Example

In recent years, many large corporate law departments have realized that mastering their operations is fundamental to their overall success. Several of the same strategic goals that drive large corporate law departments to focus on legal operations also apply to private fund law departments, and many of the processes and tools deployed on the corporate side are translatable as well. Like their corporate brethren, private fund general counsels are continually being asked to do more with less – which often means looking for ways to reduce expenses; implement efficiencies; and use data analytics and technology to empower their internal personnel to focus on value-enhancing legal advising. In a guest article, Brian Meyer, co‑chief operating officer and general counsel of Fir Tree Partners, explores how his firm has taken an ambitious – yet thoughtfully scaled – approach to managing its own complex legal operations through selective application of many of the same processes and technological solutions used by large corporate law departments. For more on ways fund managers are using technology to streamline operations, see “When, Whether and How PE Sponsors Should Implement Blockchain for Their Portfolio Companies” (Aug. 27, 2019); and “Fund Managers Should Prepare for Further Disruption to the Industry or Risk Being Left Behind” (Jan. 10, 2019).

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