TRACE FORENSIC EXPERTS works with Legal Operations teams to manage their legal costs. These costs typically include in-house compensation and expenses, spend on outside counsel, the costs of e-Discovery, and the costs associated with software that supports legal operations. Our goal is to assist the Legal Operations department in achieving the right balance between managing risk and cost.
Our process involves analyzing costs obtained from various data sources within the organization and subjecting it to rigorous data analytics. We then present our results in an easy-to-understand, relevant, and informative format. Our reports and dashboards provide Legal Operations with insights into how and where money is being spent so that they can better understand the resulting levels of return. For example, they may realize that their spend on some vendors is disproportionate to their needs or to their perceived value obtained from that vendor. Alternatively, they may gain insights into strategic costs incurred that are yielding higher than anticipated value.
TRACE FORENSIC EXPERTS offers Legal Spend Optimization either as a one-off service or on an ongoing basis. The frequency of our analyses is driven by the needs of the Legal Operations team. For example, in a high-change environment, we might run analyses monthly, while responding to real-time ad hoc requests. In a more stable environment, we might provide quarterly or semi-annual analyses.
At TRACE FORENSIC EXPERTS, we do not assume to know your corporation's objectives, needs, and operations. Our expertise is in the consulting and complex data analytics involved in Legal Spend Optimization. We ask you the right questions so that we can understand your goals, objectives, processes and procedures. Our experts work with you to design an intelligent, well-planned approach to analyzing and optimizing your Legal Spend. Ultimately, we provide you with the information you need to make informed decisions that are based on objective measures.
Our process involves analyzing costs obtained from various data sources within the organization and subjecting it to rigorous data analytics. We then present our results in an easy-to-understand, relevant, and informative format. Our reports and dashboards provide Legal Operations with insights into how and where money is being spent so that they can better understand the resulting levels of return. For example, they may realize that their spend on some vendors is disproportionate to their needs or to their perceived value obtained from that vendor. Alternatively, they may gain insights into strategic costs incurred that are yielding higher than anticipated value.
TRACE FORENSIC EXPERTS offers Legal Spend Optimization either as a one-off service or on an ongoing basis. The frequency of our analyses is driven by the needs of the Legal Operations team. For example, in a high-change environment, we might run analyses monthly, while responding to real-time ad hoc requests. In a more stable environment, we might provide quarterly or semi-annual analyses.
At TRACE FORENSIC EXPERTS, we do not assume to know your corporation's objectives, needs, and operations. Our expertise is in the consulting and complex data analytics involved in Legal Spend Optimization. We ask you the right questions so that we can understand your goals, objectives, processes and procedures. Our experts work with you to design an intelligent, well-planned approach to analyzing and optimizing your Legal Spend. Ultimately, we provide you with the information you need to make informed decisions that are based on objective measures.