June 9, 2011
In a recent ACC/Serengeti Managing Outside Counsel Survey, more than 40% of the in-house counsel surveyed indicated that they are experiencing significant savings by managing outside counsel through e-billing and matter management systems that directly connect their legal teams.
The benefits include:
- Immediate savings from the automatic enforcement of the client’s retention terms;
- automated budget requirements and tracking of spending against an agreed plan; and
- longer-term savings from improved collaboration, alternative fees, and assigning more work to outside counsel who are the most efficient and effective as shown in newly available reports.
Read more here on Top Ten Considerations When Evaluating a System for Managing Outside Counsel Work written by Rob Thomas Vice President, Strategic Development.
What do YOU take into consideration when evaluating a system for managing outside counsel work ?
Reprinted with permission from the Association of Corporate Counsel
[June 9, 2011] All Rights Reserved