We provide legal spend management solutions to our clients, in addition to our consulting in-house legal services.
Management of external legal service providers, such as law firm is always challenging, to ensure they continue to deliver value over the course of their engagement. With time often service levels diminish and fees expand.
We are uniquely posited to manage external legal services providers both in terms of delivery and fee management. We will continually monitor ongoing legal spend against budget and the project against scope, to ensure that there is no budget creep or out of scope work.
By auditing your current expenditures, we identify and eliminate the black box of legal billing that often hides inefficiencies. This process typically allows you to reduce your total legal spend by 15% to 30%, directly impacting your EBITDA.
We conduct a truncated, objective review of your top firm spends, identifying historic overcharges and immediate insourcing opportunities.
We collaborate with your department heads to agree on high-impact recommendations, establishing a clear project roadmap with defined milestones and owner dependencies.
We negotiate fixed fees, cap-and-collar arrangements, and improved pricing models with your external firms, ensuring they are incentivized to deliver value, not just hours.
Ongoing management is where most efficiency gains are lost.
Procuring external legal services can be a daunting task, as it is often difficult to know, who delivers the best value service in an opaque market, and to how to negotiate below market rates when rates are presented on a take it or leave it basis.