"General counsel: Drive innovative relationships with your law firms - before your FD does..."

"General counsel: Drive innovative relationships with your law firms - before your FD does..."

At a recent meeting of the LexisNexis In-house Advisory Board, Josh Box (Managing Director, Ocean House Professionals) led a discussion around innovative ways of working with law firms.

Set against an economic climate that is creating more pressure for efficiency and effectiveness, the Board looked at several examples of successful innovation between companies and their firms; and also discussed why these examples are so notable in their rarity.

Successful innovative approaches
Four main strands of innovation emerged from the discussion:

• Incremental improvements in service levels.

• Using technology.

• Process re-engineering.

• New resourcing models (for example, Eversheds Agile, Axiom or Lawyers on Demand).

(A full list of the examples discussed at the meeting is included in this briefing note.)

The benefits of these initiatives include a reduction in costs, improved efficiency and greater business align

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