As in-house counsel struggle to do more with less, outsourcing is increasingly one tool we consider. And the range of options has grown in recent years. They often sound good, but how effective are they really? How can you make them work to suit your needs? In this program material, a panel shares their experience and insights on what works, what doesn't and how to make legal sourcing work for you.
Suresh Sharma shares the three key steps to making the United States the next global sourcing center for the 21st century.
The following is a series of tips gathered from General Counsel running legal departments within international and multinational businesses.
As legal process outsourcing becomes more commonplace, India has become the solid base of the LPO industry.
If you’re ready to move to value-based fee structures, you probably know that data and metrics are key to determining fee structures and benchmarking your legal spend. In this session, we’ll examine what data is needed to map to a suitable fee structure, and consider data mining techniques and technology options.
Make sure your new value-based fee structures with law firms are successful by focusing on forging long-term relationships, goal alignment, and solid project management. In this session, we’ll discuss how to assess firm project management capabilities, and ways to manage the outside counsel interface over the life of a matter to ensure you are satisfied with outcome. We’ll cover tools and techniques of successful project management, such as defining scope, requirements and milestones up front, conducting progress assessments along the way, ensuring the budget is on track (and how to anticipate and deal with variances), and concluding matters with assessments that foster continuous improvement.
A sample RFP for legal services.
Much of the discussion around litigation is focused on companies involved in numerous lawsuits, but the reality is most organizations face few lawsuits of any significance each year. While the litigation landscape has changed in the past few years, what – if anything – should these low-litigation companies do to prepare? Many inside counsel believe they should probably be doing something, but how much preparedness do we really need, and how do we balance this with restrictive budgets? This panel of inside counsel from companies that historically have not had much litigation will address the extent the current litigation landscape in 2010 impacts their planning, what types of activities they are doing to prepare, traps low-litigation companies in particular face, as well as how they developed a business case for senior management for undertaking the readiness activities they pursued.
Ready to move from the billable hour to value-based fee structures for at least some of your outside counsel spend? Not sure how to decide which fee structures are most appropriate for which matter types or stages of matters? Come to this session to learn how to put together your own decision tree. We’ll walk through the considerations you need to weigh when deciding fee structures – with a focus on two increasingly popular approaches: risk collars and fixed fees. We recommend that you combine this with session 401, to expand your toolkit of options.