As in-house teams feel the pressure to effectively demonstrate the value their firms deliver for the prices they’re paying, one question reigns supreme: Are we overpaying for what we’re getting?
Innovative in-house teams are using analytics and sophisticated benchmarks to assess value, negotiate better rates, and even restrict rate increases.
Armed with “smart benchmarks” that are informed by market data and purpose-built to establish apples-to-apples comparisons, corporate legal departments are leveraging AI-backed benchmarks to influence their law firm relationships for the better — and you can too.
This free guide covers key opportunities to leverage smart benchmarks and outlines clear steps on how to put these benchmarks to work.
LawSites is a blog covering legal technology and innovation. It is written by Robert
Ambrogi, a lawyer and journalist who has been writing and speaking about legal technology, legal
practice and legal ethics for more than two decades.