Banking and Finance
When one of Australia’s Big Four Banks was looking for a way to understand their engagement behaviours, lower their legal spend, and capture and manage data, they turned to Lawcadia.
Since full implementation in May 2018, they now have access to a central repository of relevant, actionable data, insight and oversight across engagement and matter management trends, automated reporting processes and improved ability to manage spend, predict costs and influence relationships.
When transformation was a strategic imperative, for a large energy & infrastructure organisation, Lawcadia provided the transparency, data and consistent processes for success.
“Lawcadia provided us with the system we needed to ensure we could accurately track our matters, budget and spend across the legal function,”
Nigel Lowry, General Counsel & Company Secretary, Ausgrid.
Lawcadia provided us with the system we needed to ensure we could accurately track our matters, budget and spend across the legal function.
Lawcadia has made a big difference to how we organise and manage our external briefings – it is now easy to get multiple quotes making it easier for the team to comply with our internal procurement processes. We have also been able to consolidate our external spend and gain efficiencies at billing time, for both us and our law firms.
We are now tracking spend and ensuring matters are managed appropriately including clear engagement instructions. This has resulted in reduced cycle time to invoice and payment.
We have found Lawcadia’s [matter management] useful, and easy to use and now have access to reliable data about the types of work we are performing and where the instructions are coming from.
As a specialist liability insurance provider, we wanted more control over our legal spend and law firm relationships. Lawcadia has enabled us to set, track and control scope and budget, ensuring control over individual matters at a time when global oversight across spend is a key imperative.
The Lawcadia team have partnered closely with us to understand our requirements and service needs. The platform has helped us enormously in establishing and managing our legal service providers including better scoping of work, expense management and identifying opportunities for efficiencies and quality improvement.
I have been using Lawcadia for a key infrastructure client and I find it is easy to use, and importantly, gives my client the information they need to manage scope and budget.
With Lawcadia we have transformed the way we procure and manage our external legal services. I am very supportive of innovation that enables teamwork and collaboration, and that is certainly a benefit that Lawcadia brings.
Find out how Lawcadia can transform your legal operations.
Contact us now to book your demonstration.
Transform your legal operations with the matter and spend management system built for in-house teams and their law firms with RFPs, scope controls, workflow automation, and reporting.