VENDOR SHOWCASE :
LEGAL SPEND MANAGEMENT SOLUTIONS
SCENARIO (1) Benchmarking: Rate Review Process
We asked benchmarking information suppliers to show us in writing and/or by video, how they provide benchmarking for:
We also asked them to indicate if they were able to provide these insights for non-US countries. If so, which countries their benchmarking covered and the size of their database is outside the US.
SCENARIO (2) Data Analysis
We gave providers the following scenario:
"Your prospect client is interested in using AI to reduce cost through better enforcement of guidelines and policies (ability to have flat fee/value based fees cost drivers analyzed across historical portfolio of matters e.g. cost associated with pleadings and motion to dismiss or discovery/summary judgment; how volatile are fees firm to firm, what was depth of firm bench at time of quoting matter etc.).
Please show us in writing (slide or text) and/or by video, how you provide information regarding:
Business Case: Please also help us build the business case to invest in YOUR technology. What investments are required in addition to paying for your technology? How many people are required to achieve the opportunities (i.e., You may have an ebilling tool, but require additional functionality to manage your panel)."
The Buying Legal® Council Vendor Showcase is NOT a "pay to play" or sponsored program. All submissions were made free of charge. It is a member benefit intended to help you with your daily work.
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