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On 19 April 2013, the LexisNexis® In-house Advisory Board met to discuss innovative ways of working with external counsel. The discussion, led by Josh Box of Ocean House Professionals focussed on exploring alternative resourcing models including outsourcing, aligning efficiency with law firm remuneration such as cost efficiency through fixed fees in commercial transactions and the importance of promoting value-adds to nurture mutually profitable relationships with law firms.
Click here for a PDF copy of the Advisory Board paper.
'Innovation' is an over-used word. It derives from the Latin word innovatus, which is the noun form of innovare, meaning 'to renew or change.'
The Advisory Board discussed the meaning of innovation in the context of the delivery of legal services in an in-house environment. Four main strands of innovative practice emerged:
incremental improvements in service levels
new resourcing models (eg Eversheds Agile, Axiom or Lawyers on Demand)
The economic climate is creating more pressure for efficiency and effectiveness. Consultancies and technology providers are more eager than ever to help in-house teams think creatively about achieving this. Yet examples of successful innovation are notable in their rarity. Why is this the case?
Some point the finger of blame at law firms, who as a group
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