The main activities of the SBA`s Legal Operations Committee are: technical support to banks in the interpretation and implementation of laws in the areas of commercial, banking and procedural law; the search for expert solutions in specific cases; Participation in the drafting of the laws of the system; Organization of technical discussions on bills and draft laws, regulations and other regulations, observations and proposals aimed at improving certain provisions of bills and laws, statutes and other laws, initiating initiatives to amend or adopt new regulations and amending certain legal issues affecting the commercial activities of banks. No. Yes, it will come. Fashion. I have a background in computer science and if you look at the history of computer science, for many years it was just computer science, and I started applying computers in all kinds of fields, you know, biology, pharmaceutical research, etc. Accounting or bookkeeping is nothing more than the application of computers. Okay, I hope that no report in this listening listening that he or she might have a day, could have a different point of view. But actually, you know, booking costs and revenue. You know that. That`s why people have written global programs and software for this, so we`ll see that there will be little, for example, an intersection of, for example, law and technology, and maybe Citi is already now. We have leaky technology, of course, but they are still very, very young children. So that`s not the case, there`s not a long, long history, and we`re going to see that in legal education as well.
So I`m pretty sure that over the next ten or twenty years, lawyers will learn more about management, technology and other areas that are just important. I think legal education hasn`t caught up much with how labeling hasn`t really changed and the topic of what has been taught begins. But I think the profession would certainly benefit from a closer match between what is being taught right now and the kind of skills that we talked about and the many different hats that the lawyer needs to be able to wear. It would prepare people better and, as I said, we already know that it would open up new career opportunities, which I fear. I really believe that a legal department really has a lot of potential to free lawyers from relatively boring and repetitive work. Yes, it is nothing more than a knowledge worker organization and because it is in the field of knowledge management, it has the ability to free people from you, why do you want to review the five hundred NDAs in a row? You know that. So these are really ways to give people a much more rewarding job over time, which also serves the company better and allows them to live a more fulfilling life. But I think what we should never forget is that these legal services, as I mentioned earlier, are still very expensive.
So I think it`s extremely important for society to free people from simple legal issues, and unfortunately we`ve also created better access to the legal system and for people who just can`t afford it. Yes, Thomson, you will finish some personal questions, and I am happy to ask this one of my guests. What have you thought about too much in the past, which, on closer inspection, was not a very good use of time? Oh, see, it`s really hard to answer. Got, because I usually never have, and it`s rare that I worry about certain things. Well, that`s a fantastic attribute. We always talk about the does not go in the years. For example, I never had problems sleeping. Personally, I have never, rarely worried about business. Then much more about private things that are much more important to me or devotion with our daughter and can I spend enough time with her? Can I spend enough time with my family? These things are much more important to me, I think. For business problems, yes, you will always find a solution.
It`s usually about finding solutions and at least for a great company like you, because we always find solutions to every problem. Yes, we found it by simply bringing the right people together. I totally agree that the focus is on people and that is always the hardest part. These plans are created with the finance department, which essentially leads the finance department that leads this process. So when we have written the first business plan and the second and third, only two thousand eighty, two thousand and nineteen, we always get better than that at the end of the year. Operational requirements are overestimated, always underestimated, what we can do and how fast. So the effect was always much greater. It`s a great seat, of course. Yes, I like, I like threading. Thomas under promise and yet delivered. It was really just for me, it was an important achievement and that`s all I say at conferences or people starting our legal news. You know you`ll be surprised at how much of a difference you can really make.
You`ll let him go, most likely go. You will underestimate the potential. Let`s move on because they could. It will be so many letters, learn so much less. Let`s move on to an issue that was much, much harder to do, and that was really the priority. So at least in our case, and I think every business is different, of course, but we had so many different areas where we saw improvements and potentials that we had, and we still had to consistently present it correctly, and I think that`s really important, because it`s likely that people who start new illegal opera operations. Get overwhelmed by so many possibilities and then you get older, you know, to get the technology that we`re sending new, they tell you you should do this, and then you should buy this contract, the mansoning solution and so on. I think it`s very important to regularly step back, set priorities, and then find the best match between what we can do with significant effort, what is the resources that we have and, secondly, what is the potential value that is being created? And somewhere, there`s a happy medium between effort and doubt, and that`s what we`ve focused on.
I have therefore never pursued a comprehensive legal operational strategy in this direction. It is a constant decision. Okay, we have these opportunities that we can move. We can now make a difference on this issue. This will create a good of these efforts. So, is it more difficult? Real? Real? Is it easier to find the best balance and move on? I think that`s really important. In that sense, in him, you could say, okay, it sounds a bit big, like a patchwork. We tried to compensate for that because two years ago we started developing a target operating model for the legal department. We have spent a lot of time on the process and the Alysen, and we have just started to see the big picture, also for the future, for future changes. But I think, although employetization is really important.
And then just one last thing to mention, which I like of course, but which was really difficult, is hiring a legal operations team. Yes, it`s just those roles that just don`t exist in the market and are now starting to exist here in the market. But we had to be quite creative. For example, my first head of external board management, who I said already knows, was one of the first teams we hired or started building. In fact, he has no legal training. He was fifteen, twenty years old in your women`s department and was involved in very large procurement projects and I convinced him to join the legal department. said stay, found Chevenie, you joined. I know you don`t know much about law firms, but at the end of the day, to be honest, you know everything they have to tell you.
We only buy one service. Yes, get a service. It`s probably a little fancy, you know, because expensive avocados like to make things more complex than they are, but it`s like buying. Another Zurich-based financial giant, Credit Suisse, announced on Monday that it has appointed Renato Costantini, head of legal products and wealth planning, as general counsel of its Swiss unit.