Summary Legal spend continues to rise, but industry experts have identified proven strategies to maintain control without compromising quality. This article presents actionable tactics from seasoned...
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Legal spend continues to rise, but industry experts have identified proven strategies to maintain control without compromising quality. This article presents actionable tactics from seasoned legal operations professionals at GEICO and OGE Energy Corp., based on real-world experience managing multi-million-dollar budgets.
Legal costs keep climbing, but savvy legal operations professionals are fighting back with proven tactics that deliver real results. In a recent Buying Legal Council session, industry veterans Jessica Williams, Director, Legal Operations, Strategy and Data with GEICO, and Amanda Reyes, Supervisor of Law Department Operations with OGE Energy Corp., shared their most effective strategies for controlling outside counsel fees without sacrificing quality. They spoke with Kris Satkunas, Director of Strategic Consulting with LexisNexis® CounselLink®.
Drawing from the latest LexisNexis CounselLink 2025 Trends Report: Benchmark Metrics to Empower Legal Cost Metrics and real-world experience managing multi-million-dollar legal budgets, these experts revealed their specific approaches that have helped their organizations stay ahead of rising costs. Whether you're dealing with rate increases, scope creep, or budget pressure from leadership, these nine actionable tips will give you the tools to regain control of your legal spend.
Ready to put these strategies to work? Watch the full session recording [here] for additional insights and Q&A from the panel.
As a leading enterprise legal management solution, LexisNexis CounselLink provides e-billing, matter management, vendor management, contract lifecycle management, and analytical workflow management integrated into a single dashboard. Legal operations and general counsel can work with the finance department to create and manage legal spend budgets that align with the enterprise. Set up a demo of CounselLink here.
The article outlines 10 effective strategies for managing rising legal costs, including data audits, diversified providers, optimized task allocation, and structured vendor management, to help legal operations teams control legal spend and consider the use of enterprise legal management software without sacrificing service quality.