Consilio, a global leader in eDiscovery,
review and legal
consulting services, announced the launch of its new External Spend
Optimization (ESO) solution. This offering combines analysis,
recommendations, a prioritized action plan to reduce spend on external
legal services and quarterly progress checkups with Consilio's law
department consulting experts. Consilio's methodology helps clients
reduce legal spend by 10%-15% on average.
As corporate law departments continue to seek budget reductions and
identify cost-efficient resources, Consilio's ESO solution provides
actionable insights and strategies to maximze the value these
departments receive for their spend. Alongside Consilio's law department
consultants, these insights enable legal operations professionals,
general counsel and heads of litigation to better negotiate with outside
counsel in a way that does not jeopardize existing relationships.
"Our most recent Law Department Benchmarking Survey tells us that, on
average, approximately 45% of a law department's budget is spent on
outside counsel. But corporate law departments traditionally lack the
data and benchmarking information they need to understand if they are
optimizing these partnerships," said Robin Snasdell, Managing Director
of Law Department Management at Consilio. "Consilio's External Spend
Optimization gives key insights to improve outside counsel management
without increasing risk."
The ESO solution leverages Consilio's outside counsel management
services, including its Sky Analytics software, a legal-spend analytics
and benchmarking tool that aggregates a firm's outside legal spend into
an easy-to-understand platform.
To learn more about Consilio's Law Department Management expertise and
consulting services, please visit http://www.consilio.com/services/law-department-management/.
Consilio is a global leader in eDiscovery, document review and legal
consulting services. Consilio supports multinational law firms and
corporations using innovative software, cost-effective managed services
and deep legal and regulatory industry expertise. The company has
extensive experience in litigation, HSR second requests, internal and
regulatory investigations, eDiscovery, information governance and
compliance, law department management, document review, contract
management and legal analytics. ISO 27001 certified, the company
operates offices and data centers across Europe, Asia and North America.
For more information, please visit www.consilio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170315005359/en/
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