It’s no secret that corporate legal teams are under tremendous pressure to manage spend and operate more efficiently. These imperatives have led to a renewed focus on how legal service providers are selected—which brings us to the rise of the legal request for proposal (RFP).
For several years now, more and more corporate legal teams have been embracing the RFP process as a way to be more methodical and deliberate. A Legaltech News article points out that by using RFPs, companies can engage with law firms outside of their existing network to find the best possible combination of experience, services and pricing.
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