A vast majority – 74 percent – of Legal Departments say their current legal technology infrastructure does not meet their needs, according to The Consero GroupIt’s no surprise, then, that 80 percent of Legal Departments said “legal technology management” was their top priority for the next 12 months, beating out cost control, cybersecurity, and litigation management. 

As corporate legal teams start shopping around for legal tech solutions, one question may surface from cost-conscious CFOs or well-meaning IT staff: “Could we just build this ourselves?” 

It is important to fully understand the rationale behind “Build vs. Buy” and to know how to make an informed, effective decision.