ACC Value Challenge

Resources

We have gathered and developed several resources and tools to help you implement practices to reconnect value and costs for legal services. There is no 'one-size-fits-all' — these are just ideas that may be helpful.

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Economic Model

ACC commissioned a major economic consulting firm to develop a computer-based model of basic law firm economics.
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Legal Blog and Bi-Weekly Calls to Help Enhance Communications and Cultivate Team Culture: Practices at National Investment Managers Inc.

Nov 2009 Toolkit Resource Download pdf

This ACC Value Practice piece outlines communications practices to enhance efficiency and consistency across the legal department.  In addition, this piece outlines attributes and benefits to ...  

How to Manage Billing Data to Improve Value and Enable Alternative Fees...Even if You Don't Have an E-billing System

Nov 2009 Toolkit Resource Download pdf

This resource can help guide a legal department mining bill and spend data to define goals, track components, and assess to increase value.  

Create a Procurement Manager Position within the Law Department to Implement Strategic Processes and Add Discipline and Value- Cargill, Incorporated

Oct 2009 Toolkit Resource Download pdf

In this Value Practice piece, the key roles and responsibilities of their Law Procurement Manager are highlighted, as well as success practice implemented to achieve cost savings.  

Cargill- Sample Procurement Manager Position Description

Oct 2009 Toolkit Resource Download pdf

Cargill- Sample Procurement Manager Position Description  

ABC Value Assessments, Billing Practices and Convergence- Value Practices at Zurich North America

Oct 2009 Toolkit Resource Download pdf

This ACC Value Practice piece highlights the Zurich North America law department’s practices relating to performance/value assessments for outside counsel, billing and convergence  

Fee Arrangement Models Using Risk-Sharing:  Practices at National Investment  Managers Inc.

Oct 2009 Toolkit Resource Download pdf

This ACC Value Practice describes alternative fee structures implemented by National Investment Managers for its routine securities work: risk-sharing model to adjust monthly retainer.  

How to Train Staff to Properly Manage Budgets

Oct 2009 Toolkit Resource Download pdf

This How To gives healthy tips for setting and managing law department budgets, matter to matter and year to year.  

How to Formally Evaluate Outside Counsel’s Performance to Improve Service

Oct 2009 Toolkit Resource Download pdf

Check this "How To" for a guide to why evaluation of outside counsel makes sense, and how to approach these evaluations for best results.  

How to Adopt a More Effective Invoice Review Process

Oct 2009 Toolkit Resource Download pdf

This guide will lead an in-house counsel/department to the benefits of invoice review strategies.  

Value Practice: Third Party Document Review and Calling All Timekeepers to the Table: Efficient and Cost-Effective Practices that Add Value

Oct 2009 Toolkit Resource Download pdf

This ACC Value Practice piece describes how a Fortune 500 company saves money and enhances efficiency by using third party service providers for document review and by implementing communications ...  

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