Sentences with phrase «corporate legal spend»

«CounselLink is exactly the valuable product we hoped it would be when we selected it as our corporate legal spend management system,» Mr. Pearl concluded.

Reducing corporate risk has long been a priority for inside counsel, but so too is becoming a strategic business partner and reducing (or maintaining) the corporate legal spend.

Identified areas for corporate legal spend management, including alternative staffing and sourcing models

The newly - released 2017 report is the latest is what has become a respected and much - anticipated resource for keeping a finger on the pulse of key corporate legal spend metrics

Yet, the most recent data I could find puts AFA's at just 7 % of total corporate legal spend.

The November 25, 2013, edition of Massachusetts Lawyers Weekly and January 7, 2014, edition of New England In - House both feature Beck Reed Riden LLP's work for Fortune 500 companies in articles about trends in corporate legal spending titled «Report: Firms should target global companies» business.»

For more information about our services, browse the Legal Project Management, Corporate Legal Spending, Pricing & Profitability and Data Analytics sections.

Not exact matches

A largely unknown quantity in Westminster, Godfrey has spent the last eight years as corporate affairs director at Legal & General.

Rather than spending their time and lobbying funds cheering on Governor Malloy and his corporate education reform industry agenda, perhaps the publicly funded Connecticut Association of Boards of Education (CABE) and the publicly funded Connecticut Association of School Superintendents (CAPSS) should stop taking positions that directly undermine their own members — Connecticut's local school boards and superintendents — and start talking about legal and legislative action to force the State of Connecticut to fund this unfunded mandate or postpone the testing debacle until proper funding is provided.

By picking apart which matters cost the most, or what practice groups spend the least, a corporate legal department can determine how best to allocate their upcoming budget forecast.

Prior to joining Culhane Meadows, he was a partner in the technology section of FisherBroyles, and before that he spent nine years as Counsel at the law firm of Alston & Bird where his practice centered on high technology commercial transactions, including software licensing agreements, complex technology integration agreements, software development and distribution agreements, wireless telecommunications agreements and related corporate legal matters.

The results of my work are measurable as I seek to improve law firm profitability, manage legal spend to achieve corporate goals, and enhance client service delivery.

M&A partner Richard Lewis, who has spent the past six years at Eversheds, has joined KPMG to head up its London corporate legal team.

Given the economic reality of diminished corporate spending on legal services since 2008 and the increase in law school enrollment by universities before and since then, the rest will not, and there are more - many more - students left behind than there used to be.

The promise of Enterprise Legal Management or ELM is to provide corporate counsel with data to make better legal decisions — decisions about legal matters, legal hold and legal spenLegal Management or ELM is to provide corporate counsel with data to make better legal decisions — decisions about legal matters, legal hold and legal spenlegal decisions — decisions about legal matters, legal hold and legal spenlegal matters, legal hold and legal spenlegal hold and legal spenlegal spending.

A «perfect storm» is about to hit, the report claims, because public bodies and large corporate are seeking to reduce their advocacy spend; solicitor - advocates are increasing in number, and will soak up more advocacy work; 2,000 instructing law firms may close this year, and larger firms may seek to do more in - house; family law legal aid firms are closing shop following the introduction of new contracting rules, and the Ministry of Justice is seeking to cull criminal legal aid firms, perhaps to a level of 70 %, reducing the pool of referral law firms; and tenancies will continue to decrease as chambers merge to consolidate their business position.

As a result, Bodine predicts that a larger percentage of corporate dollars spent on legal fees will go to midsize and specialty firms in 2007.

These generally include the ability to manage legal spend, better allocation of resources and improved communication and collaboration with both corporate finance and outside counsel.

In the survey, the IADC asked 689 attorneys, about evenly split between corporate counsel (386) and law firms (303), about shifts in legal spending, relationships, and motivations for hiring outside counsel, among others.

They were the co-founders of DataCert, a leading provider of matter management and legal and IP spend management software for corporate legal departments.

Corporate legal departments foresee a similar year this year to last, with just over a third of respondents budgeting less than $ 500,000 for legal spend.

As Canadian corporate legal departments continue to grow in size, collecting data about spending and benchmarking against how others perform is becoming «table stakes,» a room of in - house lawyers heard Monday.

This whitepaper explores how, with proper planning and implementation, matter spend budgeting can yield both tactical and strategic value for corporate legal departments.

Through collaboration and a willingness to change, the ACC believe that law departments can use «management practices that enhance the value of legal service spending; and that law firms can reduce their costs to corporate clients and still maintain strong profitability».

During law school, he spent a summer as a law clerk for a small plaintiff's firm and was later employed in the corporate legal department of the J.R. Simplot Company.

Corporate clients are spending significantly less on legal services than they once did.

Serengeti Tracker is a web - hosted software solution for corporate legal departments and is the highest - rated and most widely used system for legal matter management, e-billing, and analytics, instilling worldwide best practices, increasing control, reducing spend and improving collaboration — internally and with external legal counsel.

The survey suggests that procurement professionals, already responsible for 84 percent of corporate expenditures, are having a strong influence on legal spending.

«General counsel are hiring corporate counsel, patent attorneys and contract managers to take on more work in - house and reduce their spending on outside law firms,» said Charles Volkert, executive director of Robert Half Legal in an announcement on the survey results.

We're at «a kind of tipping point,» according to the report, where «procurement professionals have developed strong, positive relationships with their counterparts in corporate legal departments and at law firms, and data shows that they are increasingly effective in controlling spending.»

Ultimately, the Corporate Counsel is responsible to their board for their legal spend and expect the law firm to be equally accountable.

6 Consistent Corporate Legal Trends in Data, Staffing and Spend.

A new BTI Consulting report indicates corporate legal departments intend to move a whopping $ 4 billion in outside legal spend back in - house.

ABOUT: Through its legal project management (LPM) services, LawVision Group creates a competitive advantage for law firms and corporate legal departments to increase efficiency, improve profitability and reduce legal spend, as well as enhance client relationships.

Late last year, CLOC, the Corporate Legal Operations Consortium, released the results of its first annual State of the Industry Survey, looking at such metrics as legal spend; legal department and legal ops headcounts; commonly used e-billing vendors, contract management systems and alternative service providers; and law firm evaluation prioriLegal Operations Consortium, released the results of its first annual State of the Industry Survey, looking at such metrics as legal spend; legal department and legal ops headcounts; commonly used e-billing vendors, contract management systems and alternative service providers; and law firm evaluation priorilegal spend; legal department and legal ops headcounts; commonly used e-billing vendors, contract management systems and alternative service providers; and law firm evaluation priorilegal department and legal ops headcounts; commonly used e-billing vendors, contract management systems and alternative service providers; and law firm evaluation priorilegal ops headcounts; commonly used e-billing vendors, contract management systems and alternative service providers; and law firm evaluation priorities.

Tagged with: AFAs alternative fee arrangements corporate legal budgets inside counsel spend property and casualty claims

Global ALSP, Exigent, has launched an «Augmented Intelligence» legal spend and matter management platform, in a sign of the growing demand from corporate clients for more automated and tech - led methods of legal spend analysis.

What has become increasingly clear throughout 2016 is that corporate clients are chanelling their legal spend in multiple non-firm directions.

She spent the past three years as a Partner at DLA, after spending a year as a Partner at Richards Kibbe & Orbe in London, almost two years as a Partner with Schoenherr in Vienna, three years as Head of Legal, International Corporates at Bawag PSK in Vienna, and a little over five years as Director & Counsel, Fixed Income Legal, at Citi in London.

As legal costs for corporations continue to rise and the volume and complexity of the legal department's workload increase, corporate counsel must identify new ways to improve departmental efficiency, control legal spend, and proactively manage legal risk.

Many corporate clients, needing a recommendation for a legal spend management vendor, will ask their law firm for a referral.

While the report strives to identify big picture spending trends among corporate legal departments it also provides a range of useful industry benchmarks, which included the following among others:

In addition to working closely with our law firm clients, Brett is a key member of our team expanding our work with corporate counsel and financial controllers, not only in terms of solutions designed to protect or remove their legal spend on contentious matters, but also the wider possibilities that arise from using litigation disputes as an asset for a variety of corporate financing requirements.

At the Corporate Legal Operations Institute conference going on this week in San Francisco, legal operations professionals from companies such as Yahoo, NetApp, Cisco, and others met to discuss how to use data and technology to achieve more efficiency with their spending, especially as it pertains to outside couLegal Operations Institute conference going on this week in San Francisco, legal operations professionals from companies such as Yahoo, NetApp, Cisco, and others met to discuss how to use data and technology to achieve more efficiency with their spending, especially as it pertains to outside coulegal operations professionals from companies such as Yahoo, NetApp, Cisco, and others met to discuss how to use data and technology to achieve more efficiency with their spending, especially as it pertains to outside counsel.

The Hyperion MarketViewTM Report is oriented towards the solution needs of corporate legal departments of all sizes that are seeking integrated solutions that include modern capabilities in spend management, collaboration, workflow and advanced analytics.

BENEFITS: • Improves control over law firm bill review process, including ability to identify trends and gain deeper visibility into law firm spending • Achieves 100 % paperless billing process with law firms, which supports corporate objective of environmental sustainability in business operations • Enables easy collaboration with colleagues inside the company, regardless of where they are located and whether they are travelling • Standardized coding and processing of law firm invoices produces tremendous efficiency gains for legal department • Robust reporting tools allow quick analysis of monthly legal budget across practice areas, easy tracking of matters and more precise assessment of spending by law firm

LexisNexis CounselLink enables corporate legal departments to more effectively and efficiently manage their legal spend and matters, while optimizing relationships with outside counsel.

[1] Corporate legal departments are creating new positions and allocating resources to various legal operations functions, which may include legal spend management, legal project management, and data analytics among others.

CounselLink enables corporate legal departments to more effectively and efficiently manage their legal spend and matters, while optimizing relationships with outside counsel.

Matt leads Elevate's Legal Business Solutions and US consulting practice focused on design, development and delivery of practical solutions to help corporate law departments and government agencies manage their legal operations and reduce legal spend, and help law firms improve profitability through use of value - based pricing (AFAs) and project manageLegal Business Solutions and US consulting practice focused on design, development and delivery of practical solutions to help corporate law departments and government agencies manage their legal operations and reduce legal spend, and help law firms improve profitability through use of value - based pricing (AFAs) and project managelegal operations and reduce legal spend, and help law firms improve profitability through use of value - based pricing (AFAs) and project managelegal spend, and help law firms improve profitability through use of value - based pricing (AFAs) and project management.