SNAPSHOT

Buying legal services is a challenging task. In the past, it was firmly in the hands of the legal department and the legal department alone. But leaving legal spend largely decentralized and without a consistent way to collect and analyze spending data leaves a lot of money on the table. In an era where pennies per share determines CEO longevity and stock value that is no longer an option. Given the enormous sums companies spend on legal services, a passive approach borders on negligence.

Many large organizations now bring in procurement professionals to introduce procurement best practices. Best practices from other professional and complex services can be adapted and adjusted to fit the peculiarities and nuances of legal services. Professional procurement takes the risk out of buying from lower cost, higher value suppliers. It is intelligent purchasing.

This report is the most comprehensive market overview, published by the international trade organization for legal procurement professionals.