Why companies are using boutique and midsize firms to achieve business goals
From our work with in-house legal departments across companies of all sizes, we know that “right sourcing” outside counsel work is one of the top priorities. Factors like the expansion of legal service provider options, market conditions and economic uncertainty and an increasing focus on legal operations are creating an environment where legal departments can work more flexibly and strategically to drive value for the business.
“I’m always trying to understand where we’re spending our dollars, how we’re spending them and how to spend them most effectively by embracing better processes, better technology and better legal services,” says Carol Hopperton, Legal Chief of Staff at Vonage. “I try to run legal like it’s my business.”
In our experience as a legal marketplace that connects legal departments with flexible resources–from solo practitioners to midsize firms to ALSPs, we find that the most successful legal teams regularly assess their work to determine where to send projects to get the most value from providers. We’re even hosting a roundtable discussion on October 18 at the upcoming ALM Women, Influence & Power in Law (WIPL) conference on this topic, called “Right Source the Right Way: How to Unlock Savings (and Improve Satisfaction) by Reallocating Work.”
As a result of more legal departments performing these assessments, a significant trend we’ve seen is companies utilizing boutique...
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