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
LegalVIEW - powered industry benchmarks deliver visibility into matter - based fees, durations, staffing allocations, and hourly rates, which enables clients to improve the certainty and
the predictability of legal spend across entire matter and case portfolios
Legal teams can track and manage all of their legal spend to gain a deeper visibility into legal costs, make smarter decisions about how they source legal work and improve
the predictability of their legal spend.
Building a public understanding of the importance of legal health and
the predictability of legal issues throughout one's life will benefit individuals and will transform the access to justice conversation into an issue relevant to citizens, decision makers, and voters.
Not exact matches
This would provide a much - needed measure
of predictability in the approval
of class counsel's
legal fees and would avoid all
of the mind - numbing bluster about the time - value
of work done or the risks incurred.
Likewise, returning to the analysis
of the law through theorists such as Fuller and Waldron, the clear manifestation
of its content affords individuals the critical capacity to apply the law to their own behaviour through self - governance, and lends stability and
predictability to the lives
of citizens in a manner that underscores their dignity as
legal subjects capable
of self - determination.
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.
A contract for international sale
of goods lowers
legal risks, clarifies gray areas, promotes transparency, and improves
predictability when doing business globally.
The billable hour (which shifts all the risk
of unexpected developments onto the buyer) is convenient for lawyers while fixed fees (which provide welcome
predictability around the final price for a
legal service) are convenient for clients.
These sessions, along with the industry - leading keynotes and hands - on training, will teach attendees from across the globe how to break down the barriers between
legal, compliance, and operational risk - reducing the impact
of adverse events with transparency,
predictability, and control.
LTNY will also see the launch and showcase by
legal process outsourcing provider Inventus
of Spotlight, a sophisticated business data analytics platform which provides clients with insights into their litigation portfolio, enabling comprehensive outsourcing visibility,
predictability and cost management.
Eighty - two percent
of P&C carrier
legal and claims departments say flat fee AFAs are most effective in terms
of helping the carrier
legal and claims departments lower costs, increase
predictability and manage matters.
This change,
of course, will be welcomed by the market, giving it the transparency and
predictability it long has sought, enabling it more readily to compare price among law firms, and otherwise enabling it to make better decisions about its
legal service solutions.
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.
Graham Vinter, Chairman
of the Business Network, said: «As multinational companies develop their supply chains and markets both at home and around the world, they are encountering a complex set
of legal risks including contractual enforceability, regulatory
predictability and bribery and corruption in all its forms, none
of which can be addressed without the rule
of law.
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.
These are more than words, these are the foundations
of the
legal technology, tools that provide law firms with the capacity for
predictability, transparency and efficiency.
Zimbabwe will need to engage in an informed revision
of the broader
legal regime governing business activities, so as to improve transparency,
predictability, efficiency and openness.
They all want a level
of predictability so that
legal spend can be planned and budgeted for with no unpleasant surprises.
2003 July «The Value
of Value - Based
Legal Fees: Cost Control and
Predictability» by Mary B. Clark and Jason S. Dinwoodie (New England In - House) >> READ ARTICLE
Legal departments are under continuing pressures to reduce costs, improve spend
predictability, and increase the efficiency
of their outside counsel.
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.
Clients are demanding a degree
of predictability for their
legal costs as well as transparency.
Vinter said multinational companies faced «a complex set
of legal risks, including contractual enforceability, regulatory
predictability and bribery and corruption in all its forms, none
of which can be addressed without the rule
of law».
Blue Hill Primary Analyst David Houlihan, on Law360: «As organizations seek new ways to centrally manage and obtain greater visibility and
predictability in
legal spend, a growing segment
of solution providers is emerging to offer analytics and reporting capabilities that...
«Increasingly, clients are demanding more «value» in return for their
legal spend, and by value they mean greater efficiency,
predictability and cost effectiveness in the delivery
of legal services.
This module teaches students how leading law departments use process and technology to deliver
legal services with new levels
of predictability and efficiency.
He is co-editor
of a forthcoming ABA Guidebook on using
legal project management tools to drive
predictability, accountability, efficiency and transparency into the deal process.
Legal delivery is becoming corporatized as evidenced by the rise of law companies that deliver legal services with the speed, efficiency, price predictability, choice, connectivity to clients, analytics, and consumer - centric ethos of the successful customers they s
Legal delivery is becoming corporatized as evidenced by the rise
of law companies that deliver
legal services with the speed, efficiency, price predictability, choice, connectivity to clients, analytics, and consumer - centric ethos of the successful customers they s
legal services with the speed, efficiency, price
predictability, choice, connectivity to clients, analytics, and consumer - centric ethos
of the successful customers they serve.
Nevertheless, economic pressures continue to prompt law firms and their clients to seek some different arrangements that balance a client's need for
predictability and control
of legal fees with a law firm's need to generate profits.
New Delhi (Sputnik)-- Reports that Cambridge Analytica has allegedly stolen the data
of millions
of Facebook users for political
predictability is a situation which India is not ready to fight, as it lacks
legal provisions and general awareness on the matter, says a cyber law expert contacted by Sputnik.
With so much
of life in upheaval — the security
of a well - established
legal process offers the protection and
predictability they crave.