KO Wins CLOC’s Legal Innovation in Operations Project Award
- Ben Oelsner
- June 9, 2020
KO Law Firm was recently recognized as a winner of the inaugural Legal Innovation in Operations Project (LIO Project) award run by the Corporate Legal Operations Consortium (CLOC), a global organization focused on redefining the business of law.
The recognition honors law firms that have achieved innovation and design excellence in legal operations. The LIO Project focuses on the evolution of the global corporate legal ecosystem and, in particular, how law firms are changing their business models and practice groups to address evolving client needs from an operational perspective.
KO was selected for our innovative Contracts Management Service which has proven to be highly beneficial to clients with limited in-house and/or contract management capabilities. Our comprehensive service goes well beyond what’s being adopted industrywide, which typically consists of only a simple system or communication tool.
In less than 18 months, we’ve become the outsourced contracts management partner for eight clients across many industries. Driven by everything from everyday contracts to key M&A and financing events, we’re handling the day-to-day workload of one or more full-time employees.
By building a true contracts management service with lawyers and non-lawyers dedicated solely to this effort, we’re addressing evolving client needs. We’ve saved clients time and money, helped close more deals, improved sales cycles and operational efficiencies.
“KO Law Firm has become a true solution provider with the design and implementation of its Contracts Management Service,” said Bill Mooz, Co-Founder of the Institute for the Future of Law Practice. “KO understands the importance of legal operations to the success of growth companies and has engaged in continuous innovation since the firm’s inception.”
In a recent Legal Evolution article, Mooz discusses how emerging companies are being aided by law firms, like KO, with a legal operations focus.