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Effective Budgeting
Look around other areas of your company, and you'll find different approaches to budgeting, most of which are accurate and flexible enough to respond to changing circumstances. Can you accurately budget for something as inherently volatile and episodic as litigation? Jim Loeffler argues yes, in this article that he presented at ALM's Controlling Legal Costs Conference in New York earlier this month.
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Dear James,
Welcome to the inaugural edition of the LegalEye™ Newsletter. Our goal is to provide you with news you can use regarding controlling legal costs. This month's poll question asks what your priority will be in controlling legal costs over the next year.
We're proud of what we've accomplished with LegalEye™ so far, and we're preparing to launch version 2.5, which has more bill processing options, enhanced reporting and improved benchmarking. We invite you to schedule a demo to see how LegalEye™ can help you control legal costs. Of course our work, like yours, is never done. Our resolution will continue to be helping you to reduce costs, manage expectations and improve performance without sacrificing the quality of legal representation. |
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LegalEye™ v2.5 is Coming!
LegalEye™ v2.5 is almost here! The upshot is more bill processing options, enhanced reporting and improved benchmarking.
True to its mission of helping you to reduce costs, manage expectations and improve performance without sacrificing the quality of legal representation, the LegalEye™ Team has been hard at work so that you have the tools for controlling legal costs in 2010 and beyond. Schedule a demo for a sneak preview. |
 LegalEye™ to Sponsor CLM's Annual Conference
The conference will be one of the largest, fully inclusive defense industry conferences in 2010. It will be held March 24-26 in Ponte Vedra Beach, Florida, will feature approximately 150 speakers and is expected to draw attendees from around the world. Registration for the conference is now open at www.litmgmt.org/annual-conference. | |
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Advantage: "Smaller Companies"
If you think you have to be a Fortune 50 company to make a significant difference in streamlining your legal function with alternative fee arrangements and other tools and techniques, think again. This article explores the golden opportunity awaiting middle market companies. We define "middle market" in this case as $1 - $5 billion companies, which typically spend about .5% of their revenues on total internal and external legal costs. With departments ranging from five to thirty attorneys and assistants, these organizations are in the driver's seat to effect real change, and this article discusses ten actions GCs and law department managers can take. |
 Cost Reduction is only Part of it
During Corporate Counsel's Controlling Legal Costs conference, representatives from CIGNA, DuPont and other companies emphasized the need for taking a holistic and collaborative approach to controlling legal spend. To merely reduce staff or cut outside legal fees at best can compromise the quality of legal representation, and at worst, increase liability exposure. Learn what other items you should consider before simply reducing costs.
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