Legal Procurement Changes Rules Of Law Firm Engagement
Law360, Chicago (November 20, 2015, 1:57 PM EST) -- In legal departments across the country, corporate procurement personnel are taking over what is traditionally viewed as a central function of corporate legal departments: the sourcing and pricing of legal services.
As law departments continue to focus on spending, procurement has become a key piece of the puzzle, stepping into a role that many lawyers aren’t trained in — namely, making well-informed purchasing decisions and negotiating with and managing the work performed by outside service providers.
“The legal department typically sees its role as managing the risk and keeping companies out of trouble, and they’re not typically trained to reduce cost....
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