The organization’s CEO set firm-wide cost-cutting targets for all departments to drive profitability after a tough financial year. The VP of Legal turned to Gartner for support in developing a cost-cutting strategy without compromising quality of work. Gartner insights, tools and advisory support helped the VP right-size work for his department and reduce outside counsel spend.
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Mission-critical priority
Due to the budget target set for all departments, the client focused on optimizing costs by reducing outside counsel spend and collaborating with business partners to prioritize legal services on the highest-value work. As a result, legal was the only department to meet the 20% target.
How Gartner helped
Gartner provided comprehensive support via multiple rounds of advisor thought partnership, tools and research, including our outside counsel evaluation tool and our new legal operating model research. Our support highlights not just Gartner’s resources on outside counsel management, but also our deep expertise in how successful legal leaders drive process and workload management efficiencies.
Business impact
With Gartner for Legal & Compliance Leaders, the client achieved: a faster, higher-quality strategy to rationalize work sent to outside counsel and reduce work unnecessarily completed by the legal department; reduced outside counsel spend by securing the right support for the right cost; business partner approval to prioritize legal services on highest-value work; and cost-cutting of more than 20%.
Industry:
Energy
Revenue:
Approx. $10 billion
Employees:
> 11,000
Achieve your mission-critical priorities with Gartner for Legal & Compliance Leaders
Insights you can use
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