With mounting pressure on corporate legal departments to reduce spend, and law firms increasingly looking to differentiate their practice, there are specific strategies that counsel can incorporate to increase efficiency, and make the relationship as seamless as possible. Working together, these strategies can benefit both inside and outside counsel. A focus on process, communication and technology is crucial, which will all be explored in this webinar.
3. LLMinc.com
Agenda
• Quit Reinventing the Wheel: Knowledge management
• Think Like a Project Manager
• Bids, Billing and Budgets
• A Catalyst for Collaboration: AFAs
• In Lockstep: Litigation & Investigations
• Legal Holds & Custodian Interviews
• Collection
• Case Strategy
• Reporting on the Relationship
• Q&A
#CounselCollab
4. LLMinc.com
Quit Reinventing the Wheel: Knowledge Management
We created a very cooperative operation. There were
never disputes over territory or efforts to prove the
superiority of one firm’s approach – just true
collaboration to achieve the best possible outcome.
- Alan Modlinger, Counsel & Director, Merck
Modern Counsel, Inside Looking Out
• Make use of templates and playbooks
for transactional work or to share with
outside counsel
• Make answers available to internal
clients
• Self-service training
• Standardize RFP process
• Implement technologies that facilitate
shared document resources
#CounselCollab
6. LLMinc.com
Think Like a Project Manager
• Appoint main contacts for the
matter from each side
• Discuss strategic and/or financial
plans
• Define and adhere to guidelines
for outside counsel
• Use technology that can help
centralize communication &
provide real-time status
• Produce regular, documented
status reports
Over communication is good – NO SURPRISES!
#CounselCollab
7. LLMinc.com
Bids, Billing and Budgets
• Define and adhere to billing guidelines for outside counsel
• Submit detailed budgets and track spend against them
• Benchmark and forecast for more certainty in the future
• Use RFPs, bids and fee arrangements to match
the right type of work to the right pricing and firm
#CounselCollab
8. LLMinc.com
A Catalyst for Collaboration: AFAs
• Forces more preparation
• Fosters communication and collaboration
• Creates accountability and trust
• Provides budget certainty for both parties
#CounselCollab
10. LLMinc.com
Legal Holds &
Custodian Interviews
Identify legal hold
targets and custodians
Create and provide
templates for legal
hold notices
Create templates
with survey
questions for
custodian interviews
#CounselCollab
12. LLMinc.com
Case Strategy
Generate a
chronology of the
case immediately
Make identifying
witnesses and
experts collaborative
Get inside counsel
involved in outlines
and depo prep
#CounselCollab
13. LLMinc.com
Reporting on the Relationship
• After action reviews of litigations
• Firm and project evaluations post engagement (scorecards)
• Communicate and educate on values important to the team
• Diversity and inclusion
• Frequency of reporting
• Qualitative categories not captured in other metrics
• Document metrics internally for future decisions
• Rates and future bid estimates and comparisons
#CounselCollab