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LEGAL SPEND MANAGEMENT & PRICING

Our spend management services enable inhouse legal teams to optimise their budgets and streamline the way they procure legal services. Leveraging deep market insights, pricing benchmarks and advanced analytics, we help clients uncover substantial cost-saving opportunities and drive procurement efficiency.

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We help you to:

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  • Scope and instruct more effectively, with clear specifications on the matter, the resources to be deployed - internal and external - the work approach, expected deliverables and fee structures

  • Enhance matter management through better, more meaningful interim reporting, providing clearer visibility on progress and costs

  • Manage cost risk proactively, shifting away from opaque hourly rates towards innovative models like “menu-priced” fixed fees that offer greater predictability and value

  • Capture volume discounts, using robust market pricing intelligence to negotiate more favourable rates - often material and frequently overlooked

  • Secure additional value, such as free hotlines, shared tools, secondments, and other added benefits that help your inhouse team demonstrate the broader value they bring to the organisation

 

On the flipside, for law firms, navigating pricing strategies and responding to client RFPs/RFIs is crucial for maintaining competitiveness. We offer tailored solutions that assist in crafting compelling proposals and establishing transparent pricing models, drawing on our extensive databases of market prices and benchmarks.

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