Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
Law firm panel reviews are an intense process for in-house teams. How can you ensure that all the effort you put in reaps the right rewards for the business? Sophie Gould talks to Rob Booth, General Counsel and Company Secretary at The Crown Estate, about how the value model he developed for running panel reviews has become an integral part of how firms are chosen.
Tell us about your team…
We have five internal lawyers. On an even keel that feels lean, but when there are spikes in activity, that feels very lean. The company is worth about £12 billion. At that scale, real estate is a legally heavy area, not because it’s so highly regulated but because every dealing involves a solicitor.
Due to the size of the team, we need a very tight delivery model and a well-defined concept of what value means for the organisation and how to leverage that value. We’ve done a lot of work to ensure we are confident in where we are as an internal resource. I took advantage of rewriting the governance and executive structure for our organisation to create, with input from the team, a fully integrated model for legal service. At the same time as crafting the fundamental infrastructure for the organisation, we could very elegantly weave into that the role that legal plays.
The senior legal counsel layer that sits beneath me has got the best part of 60 years’ post-qualified experience. Looking at where you want to be and how you align that with the business is much easier when you’re doing it with experienced people who talk in sophisticated terms.
What is your approach to panel reviews?
We’ve produced a structure that ‘cradle to graves’ our relationships with external law firms. The value model, and what that drives out of the relationships we’re looking for, forms an integral part of how we pick
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
Since joining LexisNexis in 2009 Sophie has worked on developing our legal and business content for the in-house legal community. She also runs various networking and mentoring groups for in-house lawyers and works with schools to promote social mobility within the legal profession.
0330 161 1234