Four Steps to Strategically Manage Outside Counsel
While AI as a concept isn’t new, it’s not always clear how it can be leveraged to address the day-to-day challenges facing in-house legal departments. That’s how we’ve found ourselves here – at the intersection of AI and Spend Management. Are you prepared to negotiate rate increase requests? Do you have an accurate view of law firm performance? Taking a strategic, programmatic approach to actively managing law firm relationships will provide the visibility you need to answer these questions and more.
In this webinar Onit Client Success leaders John Maloney and Kelly Pritchard explore a proven four-step approach to strategically manage law firms, including practical ways to leverage AI in your day-to-day work:
Identify, measure and manage KPIs on a periodic basis regarding your outside counsel spend based on what matters most to your organization
Understand where your rates fit against market benchmarks to identify opportunities to maximize value and control costs
Simplify and standardize outside counsel evaluations and selections with qualitative and quantitative data