Banking and Finance
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.
InsuranceInstituting formal cost mechanisms and maintaining budgets via scope control were the key priorities for a New Zealand based specialist liability insurance provider. Since implementing the Platform in early 2018, they’ve been able to clearly demonstrate the output and value of the legal department and their contribution to the business as a whole, communicate clearly with law firms and work together to set and maintain scope as matters progress and maintain budgets and institute standardised, consistent invoicing practices.
InfrastructureThe primary objective of Australia’s premier state-based port operator was to stop matters falling through the cracks and institute consistent matter management processes. Since an initial pilot and full implementation in March 2017, they have been able to view and manage all matters through a single, secure system, automate data collection and institute consistent reporting processes and manage and view spend over time and across matters
Not-for-ProfitWhen the Uniting Church in Australia (Synod of Victoria and Tasmania) identified a need for coherent, disciplined engagement and matter management processes, Lawcadia provided the solution. Having implemented the Platform and established a formal legal panel, UCA have been able to introduce genuine competition to the engagement process, realise cost savings of 30 – 35% and track total spend across matters, business unit and law firm.
Agribusiness and manufacturing“We implemented Lawcadia Align six months ago and now have access to reliable data about the types of work we are performing and where the instructions are coming from. In situations where a team member is out on leave for example, it’s easy to pick up where a matter is at and deal with any issues which arise in a consistent and efficient manner.”
Lawcadia Engage 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 Align 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.
When we realised we needed greater oversight across our external legal matters, we looked specifically to Lawcadia to help. Since implementing the Platform, we’ve been able to see the spread of our matters, assess our spend over time and realise genuine cost savings.
Find out how Lawcadia can transform your legal operations.
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