Analytic reports on outside counsel spending help law departments determine how efficiently their money is being spent. The common practice is to prepare yearly reports that contain three areas of information: the amount of money spent on law firms in aggregate, the amount spent on the law firms hired most frequently and the absolute number of law firms paid, a measure referred to as convergence. But that trio of reports is a bare minimum.
To truly gain insight into how the money has been spent, other methodologies are available. These methodologies serve a law department in numerous ways. For example, one method allows a law department to understand how consistently it has used certain firms; other methods determine how much money is spent on litigation versus non-litigation activity. Other perspectives on expenditures, included in this article, arise when examining activity by practice area, by size of billing firm, by in-house counsel who approves bills, by fees compared to disbursements and by consistency of law-firm use over time.
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