Posts on Spend

The power of legal spend data

Posted by Hannah Houston on Oct 11, 2019 12:41:01 PM

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.

Read More

Topics: In-House Legal Teams, Spend

Here’s how to maximise the ROI on your legal spend

Posted by Ivy Wong on Feb 7, 2019 10:49:20 AM

It’s often said that legal departments are now being asked to do more with less. Budget squeezes as a result of the challenging economic climate have inevitably hit legal spend, but the demand for timely, cost-effective and high-quality legal advice remains. Companies want to know where the legal spend is going, but how can GCs put a value on the legal team’s contributions?

Read More

Topics: Spend, In-House Teams