the international trade organization for legal procurement

best practices for buying legal services and legal technology

What Should You Really Be Paying for Outside Counsel? (Bodhala)

  • 12 May 2021
  • 11:00 - 12:00
  • Eastern Time | Members & Friends automatically receive calendar invite and login/dial-in for this webinar.

Data & Legal Price Discovery:

What Should You Really Be Paying for Outside Counsel?

Your law firms might insist that you’re getting the best price they have to offer, but can they prove it?

Corporate legal departments are routinely overcharged by outside counsel. With limited access to price discovery, GCs are often stuck without the data they need to effectively benchmark rates, AFAs or other pricing structures. But that is changing - and rapidly.

GCs should have a clear understanding of cost and value - and the data to compare their options. They need a functional economic market for legal services - and that means they need data!

Join us for an insightful conversation in which we’ll discuss:

      Current challenges around law firm benchmarking

      The metrics that matter

      How to leverage data to secure a fair market price

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