{"id":1646,"date":"2024-03-07T18:53:33","date_gmt":"2024-03-07T10:53:33","guid":{"rendered":"https:\/\/insight.thomsonreuters.com.hk\/legal\/resources\/resource\/legal-tracker-control-outside-counsel-spend"},"modified":"2024-03-07T18:53:34","modified_gmt":"2024-03-07T10:53:34","slug":"legal-tracker-control-outside-counsel-spend","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.com.hk\/legal\/resources\/resource\/legal-tracker-control-outside-counsel-spend","title":{"rendered":"Legal Spend Management: Control External Counsel Spend With Better Data"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Feel the pressure? That\u2019s the corporate legal department being squeezed on all sides. These teams are facing exposure to greater legal risks, more complex matters, and more global matters than ever before \u2014 with flat budgets. \u200b<\/h4>\n\n\n\n<p><\/p>\n\n\n\n<p>Meanwhile, the landscape in the companies they serve \u2014 as well as in the outside firms they work with \u2014 is changing fast. \u201cThe Great Resignation\u201d and cultural shifts around work-life balance are creating staffing and talent shortages. Rates for outside counsel are skyrocketing. All this makes spend management a higher priority than ever. \u200b<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Legal departments must become more effective managers of their budget and staff time, which requires robust data, useful metrics, and effective analysis. Technology can help stretch a legal department\u2019s spend by providing data that goes beyond hourly rates and discounts to inform decision-making that creates a competitive advantage. With the right tools, these teams can practice at the top of their license, offering the highest value possible to their companies. \u200b<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>From this whitepaper, you will learn: \u200b<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The state of law department technology \u200b<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>What best-in-class spend management solutions look like today \u200b<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Challenges and opportunities for your department<\/li>\n<\/ul>\n\n\n\n<p>Access your complimentary whitepaper via the form on this page.<\/p>\n\n\n\n<p>Read more about what&#8217;s discussed at our recent <strong>Webinar: Legal Operation Trends and Spend Management for Legal Departments in Asia<\/strong>, organized by Thomson Reuters and Singapore Corporate Counsel Association <a href=\"https:\/\/law.asia\/scca-explores-legal-operations-tech\/\">here<\/a>. <\/p>\n\n\n\n<p>About <a href=\"https:\/\/www.thomsonreuters.com.sg\/en\/products-services\/legal-overview\/legal-tracker.html\"><strong>Legal Tracker<\/strong><\/a>: A scalable solution that provides visibility of your entire legal department&#8217;s operations including legal management, e-billing, and reporting analytics. <strong>Request a free demo<\/strong> in <a href=\"https:\/\/www.thomsonreuters.com.sg\/en\/products-services\/legal-overview\/legal-tracker\/request-demo.html\">SEA<\/a> | <a href=\"https:\/\/www.thomsonreuters.com.hk\/en\/products-services\/legal-overview\/legal-tracker\/request-demo.html\">Hong Kong<\/a><\/p>\n\n\n\n<p>Learn more about <a href=\"https:\/\/www.thomsonreuters.com.sg\/en\/products-services\/legal-overview\/legal-tracker\/features.html\">Legal Tracker here.<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn about the horizon of opportunities, benefits and real-life examples of using legal spend management solutions in our exclusive Whitepaper.<\/p>\n","protected":false},"author":5,"featured_media":1647,"template":"","categories":[931,573,948,609],"tags":[272,356,357,1000],"resource_type":[638],"insight_job_role":[731,746,831,761,595,598,734,859,607],"insight_practice_area":[],"class_list":["entry","author-traus","has-excerpt","post-1646","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-asia-pacific","category-benchmarking","category-legal-operations","category-legal-technology","tag-in-house-legal-departments","tag-legal-technology","tag-legal-tracker","tag-spend-management","resource_type-whitepaper","insight_job_role-chief-executive-officer","insight_job_role-chief-information-officer","insight_job_role-chief-operations-officer","insight_job_role-finance-director","insight_job_role-general-counsel","insight_job_role-in-house-lawyer","insight_job_role-it-technology-manager","insight_job_role-lawyer","insight_job_role-legal-operations-manager","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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