§;Fixed fees – a variety of individual or one-off projects are handled on a fixed fee basis.
OTHER VALUE PRACTICES IMPLEMENTED BY THE LAW DEPARTMENT
§;e-discovery – Freddie Mac is taking its discovery practices in-house. Historically, this work was
outsourced to an external vendor. The law department is building internal processes with the outside
vendor, and has an internal team on point to implement these practices. The new e-discovery services will
be ‘end-to-end,’ and the internal team includes IT discovery professionals supported by in-house lawyers.
§;Contract attorneys – the law department uses contract attorneys to conduct document review; as part of
these practices, the law department issued an RFP to a number of staffing firms to help encourage them to
propose more favorable cost structures
§;Part-time lawyers – the law department is also starting to hire lawyers on a part-time or project basis to
handle work for the company.
ESTIMATED COST SAVINGS
Estimated savings from the above and other cost-effective practices is about 30% over historical costs; the
percentage is larger if looking at e-discovery savings alone.
MOST VALUABLE PRACTICES; PROVIDED GREATEST RESULTS
The best value-add practice to date has been the insourcing of e-discovery.