To Control Costs, You Have to Focus on Metrics

Accord­ing to Sue Reisinger’s post in Cor­po­rate Coun­sel, British Tele­com GC Chris Fowler explains why met­rics mat­ter. “You can talk about facts til you are blue in the face, but it’s met­rics that really make peo­ple stand up and lis­ten.” We could not agree more. Met­rics, in fact, will be a major theme at ALM’s Legal […]

LegalEye® President James A. Loeffler to address ALM’s Legal Analytics and the Business of Law Summit in New York, November 18–19

Legal­Eye® is a Lead Spon­sor of ALM’s Legal Ana­lyt­ics and the Busi­ness of Law Sum­mit in New York, Novem­ber 18–19 The Pre­dic­tive Use of Data Dri­ven Infor­ma­tion to Con­trol Costs, Save Time and Improve the Qual­ity of the Legal Work Prod­uct Join Legal­Eye® Pres­i­dent James A. Loef­fler, along with Gen­eral Coun­sel, Chief Legal Offi­cers, COOs and […]

Budgeting for AFAs under Complex Matters

A recent ALM sur­vey con­firms LegalEye’s Con­sult­ing prac­tice expe­ri­ence regard­ing the slow adop­tion of AFAs.  We find that there is much more rhetoric about AFAs than action.  The excep­tion is with insur­ance car­ri­ers, who have been at the fore­front of AFA adop­tion for the past few years. Both sides strug­gle with many aspects of man­ag­ing the […]

Allocating the Annual Litigation Budget

An exchange dur­ing Citicorp’s 2011 Q4 Earn­ings Call between Bren­nan Hawken — UBS Invest­ment Bank, Research Divi­sion and Citi­corp CFO  John C. Gerspach went like this:   Bren­nan Hawken:  Just you had said that the $2.5 bil­lion to $3 bil­lion decline that you expect for 2012 does not include unfore­seen episodic issues. But do you bake […]

Snow Storms, Workflows and Mrs. Carmody’s Poodle

Greet­ings from Pitts­burgh, where the win­ter scene looks much as it did back in 1977, the last time we saw this much snow.  As the weather cycle repeats itself, I’m reminded how back then, I was just a goofy lit­tle kid, thank­ful for the 2-hour delay St. Edward Ele­men­tary bestowed upon us after about a […]

Kraft rewards law firm for sticking with the billable hour

Food giant Kraft Foods has rewarded one of its law firms for its com­mon sense approach to reduc­ing and con­trol­ling legal costs.  This in and of itself isn’t so sur­pris­ing, inas­much as com­pa­nies like DuPont, United Tech­nolo­gies and oth­ers have taken sim­i­lar actions.  The big dif­fer­ence is that Kraft has lauded Mor­gan Lewis for controlling […]