This short article offers small law departments five tips to efficiently manage your portfolio of pan-European law firms.
A discussion on value-based payment arrangements between corporations and outside counsel.
This "How To" focuses on steps to take to build more high value relationships with law firms.
Even with the pressure of bankruptcy filings bearing down on you, Todd Silberman highlights the importance of taking time away from the stress to regain focus and perspective.
What strategies and resources are needed for developing a legal department? What do you do first to set up a legal function? How do you get a seat at the table and stay there? How do you communicate with management? How do you get your piece of the budget pie and how do you control your costs? What tools/resources do you need? Where can you go for help? Learn practical strategies and pointers from this panel of legal experts who focus on how to build and maintain a legal department.
Okay – you're ready to get started in establishing value-driven practices in your department/law firm relationships. Need some ideas? We'll deliver a menu of 50+ practices that you can consider to get started. Of course, every department and firm is different and every client defines value through their own experience and perspective: that's why we've got a little bit of everything for you to consider (surely SOMETHING fits!) and a list of 5 "universal" favorite practices that every department and firm should consider to help make their relationships more valuable, sustainable, and profitable all around. Sharpen your pencils and prepare to innovate!
Extraordinary IT transactions are more prevalent than ever in this cost-cutting era. These complex and resource intensive IT and outsourcing transactions often demand coverage by outside counsel that can drain your budget in a flash. On the other hand, the costs associated with a bad contract due to a failure to staff one of these transactions appropriately will vastly exceed the savings. This panel will focus on how to engage experts and plan for and efficiently manage an extraordinary IT transaction. The panel will also address assessing when outside counsel and/or outsourcing consultants are needed and how to make the case to your company.
Most law departments spend more on their outside legal counsel than on their internal costs and staffing, yet most of us also recognize that law firms bill their clients or set their fees in a manner that is both unpredictable and often apposite to efficiency and client value. The ACC Value Challenge project spent the last year learning more about best practices in cost/expense management, and we've created this program to help law departments and firms get a handle on better processes that can help control expenses and drive greater client value in both firms and departments. We'll examine alternative staffing models, data mining techniques that can help you understand what matters are worth, metrics that measure performance relative to cost, and much more.
Today's economic climate heightens the urgency of securing the maximum value for your expenditures. How should you work with your in-house and outside colleagues to meet the CEO's and other management's value-added expectations? How can we effectively manage legal costs, both internally and outside counsel, while building and maintaining a productive and effective legal team with a positive work-life balance? This panel will discuss these and other important issues as the economic climate changes the legal profession.
An investigation conducted by Global Leaders in Law and RSG Consulting into how GCs perceive value in legal services.