Monthly Archives: November 2012

Legal expense management news for November 30, 2012

A cogent set of suggestions for selling expertise and skill rather than hours, in order to reduce the cost of production, deliver and be rewarded for better outcomes, “fix the cost of any given type of work [and] Improve profitability.” … Continue reading

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Legal expense management news for November 23, 2012

U.K. law firm survey evaluates “firms on six criteria: cost/billing practices; service delivery/responsiveness; use of IT/knowledge management; personal/partner relationships; quality of legal advice and quality of commercial advice.” In-house leaders, do you factors surveys like this into your sourcing decisions? … Continue reading

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Legal expense management news for November 16, 2012

Firms increasingly write off legal research costs from client billings – due in part to partner concerns about whether their billing methodologies represent a “fair recovery” of third party costs. Survey indicates that 71% of corporate legal departments are renegotiating … Continue reading

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Legal expense management news for November 9, 2012

Do the fees spent with BigLaw for negotiations over complex M&A terms add value to deals? A new study indicates “that the extensive legal negotiations over deal terms add little to no value to mergers beyond the financial bargain…” You … Continue reading

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Legal expense management news for November 2, 2012

In-house leaders: have you experienced BigLaw “quoting low prices to get work that won’t even cover their costs“? A major lender to law firms attributes part of their financial stress to “compartmentalization” of work by in-house counsel. A checklist for … Continue reading

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