Case Study
Big 4 Bank
1 Lawcadia / Big 4 Bank Case Study ‘Using Data to Control and Lower Legal Spend’ The challenge Controlling and reducing legal spend has become a strategic imperative for organisations worldwide. Establishing legal panels and adopting digital solutions like e-billing are some of the ways legal teams are tackling the challenge. However, they only solve part of the problem. To gain the insight required to positively influence and lower legal spend, corporate legal teams must embrace data. With greater knowledge of why external firms are being engaged and for which matters, legal teams can encourage different behaviour from their legal service providers and promote a focused, strategic approach to matter management. By automating the data collection and analysis process,