Defining credible benchmarks for outside counsel spend

The value of an organization’s legal spend can be illustrated through benchmark reports

What have you done for me lately? For many law departments this feels like the unspoken question from the business. Legal departments are required not only to manage legal obligations and risk but to do so in an efficient and fiscally responsible way. This trend was initiated by the recession but has become the standard approach.

To demonstrate the best value for the work done by the legal departments requires a look into an organization’s legal spend data. Understanding and analyzing the data will validate the accomplishments and financial investments to the business leads.

Contributing Author

author image

Craig Raeburn

Craig Raeburn, Jr. is the Managing Director of TyMetrix Legal Analytics. He is responsible for delivering products and solutions to the legal marketplace that...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.