Hi there,
In 2006, CIOs stood shoulder-to-shoulder with the highest echelons of the C-Suite.
Today, they’ve lost much of their influence.
But what happened?
And why does it matter to GCs and other legal leaders?
The legal industry is facing inevitable changes in how business is done.
Still, it’s uncomfortable for many of us to envision a future in which legal services aren’t mostly billed by the hour 😲. Or where technological efficiencies do away with entire categories of work and even talent.
It’s a lot like how the CIOs of 2006 initially reacted to the cloud.
Transition their most secure and important company data from company-controlled data centres to an amorphous global network of servers? 🤯
Not a chance!
We know how that story ended (at least for the CIO).
Today, it’s laughable to think of a Fortune 500 or Global 2000 company whose systems and data don’t mostly reside on the cloud.
And sadly, in choosing to ignore the inevitable wheels of technological progress poised to roll right over them, CIOs lost the tremendous position of influence and power within the C-Suite that they wielded for a very brief moment in time.
Here's the rest of the story. And why GCs should pay attention.
Continue reading: Will GCs Avoid the 'Tragedy of the CIO'?
Cheers!
Jim
P.S. Also in this week’s edition of The PERSUIT:
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