Every year legal teams are expected to deliver more and more without much variation in budget. For many, this feels like an impossible task as resources are stretched to their limits but there are a few simple things you can do to make your legal team get more value for legal spend and be more productive.👇
Topics: Legal Spend
The idea of tracking legal spend might make some legal teams feel a little uneasy. With projects that seem to rake up billable hours and complicated billing systems, it can be hard to stay on top of your spend and make sense of all the data. 🤯
What's more, the lack of visibility and transparency, confusing fee arrangements (that are inconsistently applied), and recurring billing errors and questionable time recording behaviours are now harming the reputation of in-house teams, according to Apperio.
Tracking spend data is an expectation of modern legal teams who must pay closer attention to the budget with increased oversight from the CFO.
Legal Geek 2019 is nearly here 👏
Everyone at Lexoo is excited to share our love of all things LegalTech at the year’s best legal tech event, the Legal Geek Conference on the 16th of October!
Topics: Legal Geek
As organisations evolve to remain relevant in 21st-century society, so too does the role of General Counsel. This evolution has given rise to new opportunities and challenges for modern GCs as they take on board new responsibilities, become more commercially focused and cut costs.