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Expert Analysis

Reduce Legal Spend By Embracing Technology And Ethics

Law360, New York (January 16, 2014, 12:48 AM EST) -- Trimming the bottom line is at the top of every legal department's to-do list. Ideas on how to reduce legal spend have fluxed like the ocean tides. One wave reduced company personnel and hired outside counsel to obtain a net fiscal gain. Unfortunately, that wave caused an onslaught of billable hours and turned the tide back to hiring in-house attorneys to complete the company's legal work. Now, the focus is to obtain legal work that is "efficient with results" regardless of who completes the task for the company. As one of the largest consumers of legal services, the insurance industry is leading this charge....

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