In-House Counsel

Techniques that save legal costs, but without quantification

By Rees Morrison

A previous post listed more than 20 ways to bring down legal costs, each with some percentage estimate or dollar value of the saving (See my post of Aug. 21, 2008: estimates of savings from techniques.). Other methods of saving money have shown up on this blog, but the initiatives have not had any quantification (See my post of March 6, 2007: get accreditation for internal CLE courses; Jan. 28, 2008: reduce maintenance contracts; and June 14, 2007: Citi relocated lawyers to a lower-cost city.).

Some items on this blog have addressed return on investment (ROI) estimates for various initiatives (See my post of May 1, 2005: bill review software; May 14, 2005: knowledge management; July 31, 2005: implausible assumptions; Sept. 14, 2005: 20% for e-billing; and Aug. 5, 2005 for returns on other techniques.). Other items address how to calculate savings and the legitimacy of them search savings (See my post of May 26, 2007: shift work and percentages for cost saving techniques; and Aug. 5, 2005: ACCA list of methods and percentage savings.).

Full post as published by Law Department Management on August 21, 2008 (boomark / email).