This resource developed by the Law Firm Value Committee lists how law firms can add value with matter matter management, client service, understanding of in-house functions and needs, client teams and focus, fee structures, professional development, technology and library.
Small law departments can successfully implement alternative fee/value-based arrangements. See how Wolverine World Wide, Inc.'s law department is working with outside counsel to handle its portfolio of securities legal work.
In this Value Practice piece, the key roles and responsibilities of their Law Procurement Manager are highlighted, as well as success practice implemented to achieve cost savings.
Howrey's Client Financial Management Group, staffed by M.B.A. managers from various industries, serves to ensure sound financial management in delivery of legal services. See details in this Value Practice piece.
Womble Carlyle's solutions to two client problems involved alternative fee arrangements. This Value Practice resource details these two scenarios and their solutions.
Read how the Office Depot law department implemented changes to fee and staffing arrangements in a variety of law areas to increase value.
Hewlett-Packard Ongoing Blog Story: Uncovered - In-house Counsel Training Program
These days, it seems that everything from meat to movies gets a letter grade. So, what about law firms? CSX Corporation decided to use the system to its advantage. By implementing a variety of practices, including “scorecard” evaluations, CSX was able to redefine its relationship with outside counsel. After all, who doesn’t want an A+?
Diversity initiatives continue to grow and change with corporate business models: taking on a different complexion when applied in companies with significant global presence and offering new challenges in an era defined by bottom-line attention to corporate compliance and social responsibility. Read ACC's newest leading practice profile and find out how the legal departments of 10 different companies have developed diversity initiatives that are making a difference.
This Leading Practices Profile, an update to ACC’s 2005 Leading Practices Profile, Leading Practices in Law Departments Adding Value and Moving Beyond the Cost Center Model, features law department leading practices for generating and demonstrating value to the organization, as well as best practices for improving the bottom line and optimizing collaboration with business units. In the wake of the economic downturn and increased pressure to “do more with less,” 10 participating corporations share their best value-generating and value-sustaining practices in law department staffing, targeted practice areas, outside counsel management, strategic planning and the use of metrics to measure and track value practices.