More than ever before, companies need
legal budget predictability and better communication from their attorneys.
In terms of the overall effectiveness of AFAs, study participants named cost containment, increased
legal budget predictability and greater efficiency, as the three major benefits of deploying AFAs for this type of legal work.
Not exact matches
Predictability in
legal costs which will help them create more accurate
budgets and plan for costs in advance
More than ever before, clients need
predictability and accountability in their
legal budgets.
An early adopter of matter
budgeting and
legal project management principles, David uses Thompson Hine's proprietary SmartPaTH ® tools to provide
predictability and transparency to clients in even the most complex and difficult matters.
For example, if your primary objective is to improve
legal spend forecasting and
predictability, your
budget program should include measurements for
budget variances and the processes to help minimize them.
Developing and implementing a
legal project management tool for a client's in - house counsel to provide increased
budget predictability and transparency, including when the client works with firms other than Thompson Hine.
As Nick Cerminaro, director of
legal services at Bombardier Inc. noted,
budgeting isn't always about saving money, it's about how much it's going to cost and having
predictability that is followed through.
«Clients today are far more focused on value and
predictability in
legal budgets... expect more information, and not just
legal information...»
They all want a level of
predictability so that
legal spend can be planned and
budgeted for with no unpleasant surprises.
Clients today are far more focused on value and
predictability in
legal budgets.
Clients are demanding more
predictability in their
legal budgets, and we heard them.
For clients with tight
budgets predictability is important, and flat fee structures may help clients to plan for the cost of
legal services more effectively.
LegalVIEW industry benchmarks related to matter, cost, duration, and staffing allocations deliver clients the insight needed to create more accurate
budgets and improve
predictability of
legal spend