Data and Legal Price Discovery: What Should You Really Be Paying For Your Outside Counsel?

Your law firms might insist that you’re getting the best price they have to offer, but can they prove it? Corporate legal departments are routinely overcharged by outside counsel. With limited access to price discovery, GCs are often stuck without the data they need to effectively benchmark rates, AFAs or other pricing structures.

Bodhala recently partnered with Buying Legal Council to lead general counsels, legal procurement, and legal operations professionals through an insightful discussion on how to leverage benchmarking data to secure a fair market price.

The discussion – fueled by an all-star panel including Bodhala CEO, Raj Goyle, Citi’s Director of Outside Counsel Management, Chris Ochs, and MetLife’s Director of Legal Procurement, John Smith – took attendees through:

• The current challenges surrounding law firm benchmarking
• The implications of bad data
• What metrics really matter when evaluating law firm rates

Check it out!

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Get in touch with our team of legal billing and data experts to find out how Bodhala can transform your legal department.