Law department cost cutting

February 20th, 2013 by Altman Weil

Pinhawk Law Technology Daily Digest points out a new blog post from the Corporate Executive Board on law department cost cutting and efficiency.  The CEB has analyzed in-house department budgets and identified common practices among those departments with lower than average costs, and therefore greater efficiency.  They describe nine trends, including:

  • Bringing more work in-house
  • Unbundling legal services and giving lower level tasks to non-law firms
  • Using smaller firms because they tend to charge less
  • Consolidating the department’s work with fewer firms to negotiate better rates

Law departments take note.  Law firms beware!

Read it at Corporate Executive Board

This entry was posted on Wednesday, February 20th, 2013 at 3:23 pm and is filed under Inside-Outside relationship, Law Departments. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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