This guide will lead an in-house counsel/department to the benefits of invoice review strategies.
The topic of value and cost effectiveness is a common one, but not a new one. There's often a disconnect between how firms bill for services (hourly) and how clients wish to pay for them (value). But there are tools available to counsel to make these two notions sync.
The Clorox Company, after implementing a program focused on cost savings and driving incremental value, realized a significant cost savings in intellectual property matters.
Discusses the Open Legal Standards Initiative (OPLSI) and its mission to set the standard for quality and efficient legal services by developing business process and metrics classification systems, conducting benchmarking surveys, and preparing industry events and publications on these topics.
This article provides a roadmap for how to assess the performance of your outside counsel. It also offers some tips on how you can apply this information to both cut your outside legal bills and improve the quality of services you receive.