If you do not know where your costs lie and what drives them, how can you make informed management decisions and prove your value to the business? Here Jonathan Bellis gives a US perspective on key tools and techniques for managing legal spend
August 07, 2002 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Many companies are not aware of the costs they incur for legal services. If information is accumulated, it is often of a summary nature and not used effectively in managing legal priorities and resources.
Identifying and tracking legal spend provides information to help pinpoint inefficiencies, set cost improvement targets and compare internal services to the alternative of outside counsel.
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