Innovative ways of working with law firms
Innovative ways of working with law firms

The following In-house Advisor practice note provides comprehensive and up to date legal information covering:

  • Innovative ways of working with law firms
  • What is innovation?
  • Barriers to innovation encountered by in-house lawyers, and ways to overcome them
  • Some ways in which law firms and in-house teams have recently innovated to deliver more value
  • Tying efficiency outcomes to law firm remuneration
  • Innovative fee structures for litigation
  • Customised value-add in financial services
  • Creating efficiency in commercial transactions
  • Deriving maximum value from panels
  • Reinventing the in-house function
  • More...

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.

What is innovation?

'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:

  1. incremental improvements in service levels

  2. new resourcing models (eg Eversheds Agile, Axiom or Lawyers on Demand)

  3. using technology

  4. process re-engineering

Barriers to innovation encountered by in-house lawyers, and ways to overcome them

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 are often deemed not to truly understand their clients’ business needs, or to judge correctly the value of a

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