The cumulative effect of consolidating and prioritizing work not only frees up personnel but can also
generate cost savings and ensure that department personnel are working at their full capacity.
The same overall principle applies to the decision to use outside counsel and other external vendors:
align the price point of the work with the value of the work.
Outside counsel. With respect to outside counsel, this means reserving the use of higher dollar firms
for higher value matters, and using less costly firms for repetitive, “commodity” work. It also means
ensuring that the law firms’ staffing of matters is leveraged appropriately to the value and complexity
of the work (for example, using paralegals or more junior lawyers as appropriate), and that guidelines
exist (and are enforced) regarding expenses, staffing, etc. Additional resources regarding outside counsel
management are listed below.
InfoPAKSM – Law Department Strategy: Balancing Immediate Cost Savings with
Sustainable Results (Huron Consulting Group)
Effective Outside Counsel Management
ACC Guide to Value-Based Fees