Legal Service: The Spend that Procurement Forgot

Tuesday, May 9th, 2023

2:30PM - 3:30PM

Full Conference Schedule

Does your managed spend include legal service? Often times its the area that falls outside of your managed spend portfolio. In fact, global legal spend is over $330BN annually and yet only 12% of companies apply basic process improvement principles to its resources. As a result the largest RFP in legal history reveals a total lack of correlation between cost and quality.

In this session, you will get detailed descriptions of 10 vital distinctions between typical procurement projects that will help unlock the common resistance from lawyers to follow standard supply chain processes. We will discuss the unique circumstances of legal practice and the approach of lawyers which leads to a lack of meaningful focus on efficiency. Understand how a virtual cycle can be created to produce win : win benefits and the common dysfunctional inefficiencies of failing to do so.