Legal managers are people skilled with legal matters because they were the students of the Law (or legal studies). Legal management is usually described as social science discipline in the terms of law. Associations with Society at Large, Law, Law Practice and many other things. Enterprise Legal management (short: ELM) is a sort of a practice management strategy of corporate legal departments and many insurance claim departments, so these two terms (legal management and enterprise legal management) are not very different in meaning because they both dwell on similar things. They both have interchaingeable uses.
The development of enterprise legal management developed about 25 years ago, in the 1990’s to increased corporate demand for accountability. Someone had to manage the internal legal documents and workflows, various billings and guide to very important decision-making though reporting and analytics. Not everyone was suited for this job because it demanded (and still does) high knowledge on various sorts of legal terms and law in general for the state they are in. Interesting fact is that the enterprise legal management is still an evolving term, but it is recognized management discipline and a very important one, viewed as strategic objective of general coundel. Some may say and/or argue that it falls within a shorter category or corporate governace risk and compliance but many other argue that those tho are a separate bodies of management and that they are not in any ways the same. Because as you see, governace is the general management approach through which a more important executives control the entire organization (depending on what case they are organizing) and they are involved in reaching the information needed for executive teams. Risk management is here a set of processes that a management identifies and analyzes and most importantly respods appropriately to risks facing the business objectives. And lastly the compliance, if you don’t know the definition, is conforming with stated requirements. All of this does not have any associations of the enterprise legal management, as it can be seen.
There had been an increase expansion of enterprise legal management as a practice management strategy over the years, and it had been fostered by the growth of the same software. Thanks to that growth, it was made possible through the expansion of the Internet this software supports matter management and electronic billing which is very useful because it is quicker and more available to the customers and clients. Many people now even search for electronic billing rather than by mail. There are different types of these billings and they are biller-direct; this is where a customer make direct payments to one biller that issues bills that they receive at the webside of the firm that issued the bill and a bank-aggregator that allows the consumer to make payments to multiple billers that are pre-regiestered to receive payments. So this is very important as it can be seen, because it insures the prosperity of the enterprise legal management and fastens it for the consumers.