Convincing the CFO to invest in legal department efficiency
Corporate CFOs have increasingly become concerned about controlling costs – including costs in the legal department, which can capture a non-trivial portion of an organization’s budget. This can create challenges for legal departments that are seeking to improve their technology systems and efficiency.
Catherine Dunn of Corporate Counsel recently spoke with Rob Thomas, vice president, Market Development for Thomson Reuters, about general counsel and the CFO working together to improve efficiency, as well as track and reduce legal spending.
Their conversation, stemming from a white paper authored by Thomas and available for download at Serengeti Law, focused on the challenges GCs can face when trying to justify improving their technology to track and analyze legal spend, as well as the benefits to the company when these services are implemented.
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