In This Economy?! New Strategies for Optimizing Legal Spend in 2024

About the Webinar

You’ve seen the recent headlines: Big Law continues to accelerate billing rate increases to feed associate salaries and bonuses—disregarding the budget cuts legal teams across industries are facing. And this is despite in-house counsel and legal leaders airing grievances with their traditional law firms’ inability to prioritize their business and provide practical rather than conceptual advice. 

In-house legal leaders must embrace a more strategic approach to resourcing that includes exploring the full range of legal services available today to provide maximum value to their organizations. From leveraging in-house talent to using modern law firm services and agile legal services partners, this approach expands expertise, handles a wider range of legal matters, and reduces costs. Join us as our panel discusses the art and science of optimizing legal resources in 2024. As businesses and the practice of law evolve, strategic engagement of external counsel becomes paramount for success. The panelists will guide you through the “When, Why, and How” of balancing the use of external legal support to ensure your legal department remains agile, efficient, and cost-effective all year. 

Key Topics Include: 

Strategic Timing 
See how to uncover the right moments to engage external counsel and align their support with your legal department's fluctuating needs. 

Business Drivers 
Explore the reasons why businesses are increasingly turning to external counsel, from specialized knowledge to managing overflow work and mitigating risks. 

Cost-Effective Solutions 
Learn innovative approaches to achieve cost efficiencies without compromising on quality, including alternative fee arrangements, technology integration, and strategic vendor management. 

Risk Mitigation 
Identify how external counsel can act as a strategic ally in risk management, providing insights and guidance to safeguard your organization from legal pitfalls. 

Building Effective Partnerships 
Get insights into developing robust relationships with external legal partners to help ensure seamless collaboration, and foster a mutual understanding of your organization's unique needs. 

Technology Integration 
Go inside the role of technology in enhancing collaboration between in-house teams and external counsel, streamlining communication and maximizing productivity. 

This webinar is a must-attend for legal professionals, in-house counsel, and corporate leaders who want to make the most of their legal resources in 2024. Join us for an eye-opening and informative discussion that is sure to help you navigate a better path to in-house team excellence and position your organization for success.