Following are some types of value-based fee structures currently implemented by the department:
§;Flat fees for real estate portfolios of work – Include flat fees with certain firms to handle certain types of
real estate work; arrangements are generally for one year, with monthly payments.
§;Flat fees for employment charge work – Generally structured as annual arrangements with monthly
payments; reduced fee per charge on a national scale.
OTHER VALUE PRACTICES IMPLEMENTED BY THE LAW DEPARTMENT
We have implemented the following initiatives:
§;Secondments with Diversity Focus – We are working with the Leadership Council for Legal Diversity on
a secondment program that focuses on women and diverse attorneys; this is an opportunity for a broader
spectrum of diverse attorneys to receive contact with major corporations and develop relationships that
will enable more attorneys to develop business. We are currently piloting this program with several large
corporate law departments.
§;Flex-Time – We have implemented a flex-time policy within our legal department, which gives our
attorneys greater flexibility in managing daily life activities with work obligations. In February of 2011 we
required our outside counsel to implement flex-time policies for their attorneys.
§;Relationship Partners – We have implemented a practice of requiring our outside counsel to submit the
names of five candidates to become the relationship partner. Out of these five candidates, one must be
diverse, one must be a woman and one must be on a flex-time schedule. From that list, Walmart chooses
the relationship partner. This practice has shifted over $60 million worth of business into the hands of
diverse and women relationship partners.
§;Enhanced Diversity Metrics – We are developing a scorecard by which we can review the diversity efforts
of law firms and grade them accordingly. This will help our law department determine which law firms to
§;Pro Bono Medical/Legal Partnership with Arkansas Children’s Hospital – Internally, we also have
implemented a pro bono project called a medical/legal partnership with Arkansas Children’s Hospital.
With this project, our in-house counsel will provide free legal services to patients in the areas of Medicaid
and Access to Education. We are also partnering with law firms to provide free legal services to these
patients. The Pro Bono Program was developed based on a desire to give back to the community. As a
result, the legal department partnered with several other partners who played key roles. Our ultimate goal
is to have such a program in every state.
ESTIMATED COST SAVINGS
MOST VALUABLE PRACTICES; PROVIDED GREATEST RESULTS
Our efforts in changing how relationship partners are chosen as well as implementing a flex-time policy have helped
Walmart push the legal community in a direction that is more diverse and inclusive.