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Legal Spend Matters – December edition now available
Our final edition of Legal Spend Matters for 2019 features seven saves you can make on your external legal spend in 2020 and beyond. To sign up for future editions of Legal Spend Matters, complete the form below.
The benefits of matter specific bidding processes
While many in-house teams are wary of using spot buying for legal services, it can be very successful. We have managed spot buying of legal services for clients over the last few years with great results. You can achieve savings of up to 40% of your legal spend through use…
Near shoring and offshoring of legal services
Nearshoring is the process of transferring work to areas that are less expensive or more cost-effective. For example, on reviewing legal spend for one client, we saw that not only was a Northern office of one firm offering lower hourly rates than the London office, they were more efficient than…
Law firm performance management
When it comes to managing the performance of your internal lawyers, you will probably invest significant time and energy into their development reviews and appraisals. Yet the story is usually very different for external Counsel. In our experience, the true value of external Counsel is not measured at all. If…
Legal Invoice Review
Our clients save between 2% and 6% on their external legal spend through our Legal Invoice Review service. We capture savings that would be missed (even by an eBilling system) and ensure your law firms adhere to your billing guidelines and agreed rate cards. We also provide you with legal…
Refresh your Legal Panel
A Legal Panel refresh is one of the biggest savings you can make on your external legal spend. While legal panel refresh exercises can be carried out in-house, they can be time-consuming and difficult, which is why most companies with significant external legal spend prefer to use experienced legal spend…
What makes a perfect Legal Invoice Review professional?
Caroline O’Grady, Partner at Coote O’Grady, and Lynsey Wood, Legal Operations Manager, tell us what they look for when hiring a Legal Invoice Review professional. Caroline has built numerous Legal Invoice Review teams over the years, both in-house and for consultancies including Coote O’Grady. Lynsey, a former law firm fee…
Your Legal Invoice Review team: The Make Vs Buy decision
Caroline O’GradyPartner, Coote O’Grady Once you’ve bought into the benefits of Legal Invoice Review and have decided that this is something your team is going to invest in, the next consideration is to decide whether you should build your own team or go out to the market to buy the…
Legal Invoice Review: The Remediation Effort
Lynsey WoodLegal Operations Manager, Coote O’Grady When you complete Legal Invoice Review, there will inevitably be issues with some of the invoices reviewed. This will involve speaking with the law firm/s to resolve the issue/s. You should not underestimate the impact of the remediation work that is involved. It is…