legal procurement

Ten Things: Legal Procurement – The Next Big Thing for In-House Lawyers

I know that artificial intelligence is the hot topic of the moment for in-house legal departments.  And it should be.  It promises tremendous cost savings and productivity enhancements for in-house lawyers.  While everyone is very excited about the new kid in town, there is something brewing out there that is equally exciting but which rests on some pretty mundane financial principles: procurement.  Or, more specifically, legal procurement.  Now, before you go running into the hallway screaming that it will be a very, very cold day in hell before you let anyone from procurement get involved with your law firms, hear me out.  There’s something here that’s worth exploring.  This edition of “Ten Things” will provide a primer on the legal procurement process:

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