Situation

A global energy company was looking to streamline sourcing strategy and reduce external spend.

Solutions

Morae developed a comprehensive legal services sourcing strategy that:

• Extensively reviewed the company’s existing spend on all legal service providers.
• Categorized the portfolio of work based on value, risk and effort involved.
• Developed new resourcing strategies and price points (based on market benchmarks) for each type of work.
• Refined the outside counsel policy, staffing and billing guidelines.
• Documented roles and responsibilities for all internal and external resources.
• Provided advice on negotiations with the law firms.
• Updated existing electronic billing processes to incorporate alternative fee arrangement workflow and guidelines.
• Built analytics to gauge and improve the effectiveness of alternative fee arrangements.

Benefits

With newfound clarity around sourcing, staffing and retention policies and a cultural shift toward better financial discipline and accountability, the law department was able to reduce and better predict its legal spend.