Do you know your Legal ROI?
Like most business units, Legal departments are under extraordinary
pressure to reduce legal costs without sacrificing high quality service
but often they don’t know how to break away from the traditional,
ineffective ways of managing outside counsel. Ironically, businesses
have spent years improving the efficiency and reducing the costs of
their other operations but for some reason many have not applied this
same analysis and discipline to their Legal expenses.

DataCede’s Litigation Management team combines workflow improvement techniques with state-of-the-art litigation management tools and industry-proven legal expertise to provide innovative approaches to reduce legal expenses.

We have found that the four keys to reducing costs without sacrificing quality are:

1. Restructure fee arrangements to do away with expensive, hourly billing models
2. Competitively select outside counsel and consolidate to a few preferred firms
3. Leverage technology to more effectively mine data and automate routine operations
4. Proactively monitor cost and performance in order to ensure maximum return on legal spend

By applying these strategies, DataCede can help you effectively manage the cost and quality of your
department’s outside legal service providers by reducing legal expenses through advantageous and
cost-effective fee arrangements negotiated with just a select number of preferred firms and leveraging
technology to automate routine tasks and improve performance and financial reporting.